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NFTs
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.
Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight
Highlight offers a no-code toolkit for creators to easily build NFT-based Web 3 communities.
ApeCoin for All? Co:Create Raises $25M to Help NFT Projects Launch Tokens
The funding could lead to big-name NFT projects following in the footsteps of Bored Ape Yacht Club.
Susquehanna Leads $10M Funding in Metaverse Platform StarryNift
The pre-Series A funding round included Binance Labs, Alameda and other crypto-centric investment teams.
Azuki NFT Founder Admits to Abandoning Past Projects
The project’s floor price has dropped dramatically following the news.
Instagram Eyes Creator Economy With NFT Rollout
With millions of creators and billions of users, Instagram could turn NFTs into a cash cow, the company hopes.
Arianee Raises $21M to Bring Luxury NFTs to the Metaverse
The “utility NFT” pioneer is working with The Sandbox following a hefty Series A.
Web 3-Savvy Media Outlet Dirt Raises $1.2M in Seed Round
The newsletter seeks to bolster its DAO and NFT sales with the funding.
Meta’s Instagram to Support NFTs From Ethereum, Polygon, Solana, Flow
The social media powerhouse won’t charge users for showcasing their crypto art.
