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NFTs

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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.

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Image of some of Luke Dashjr's proposed code changes, from pull request #28408. (GitHub, modified by CoinDesk)
Technology
Ordinals protocol
Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down
Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represe...
Image of some of Luke Dashjr's proposed code changes, from pull request #28408. (GitHub, modified by CoinDesk)
By Bradley Keoun
Jan 9, 2024 at 7:28 p.m. UTC
Jan 9, 2024
Ordinals protocolOrdinalsNFTsBitcoinBitcoin CoreGitHub
Screenshot of BitcoinShrooms website showing items from the collection. (Bitcoinshrooms.com)
Technology
Bitcoin
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection dr...
Screenshot of BitcoinShrooms website showing items from the collection. (Bitcoinshrooms.com)
By Bradley Keoun
Dec 14, 2023 at 9:39 p.m. UTC
Dec 14, 2023
BitcoinOrdinalsOrdinals protocolSotheby’sNFTstop news
Pudgy Penguins NFT are on a holiday rally. (Screenshot)
Technology
Pudgy penguins
Pudgy Penguins to Launch Webkinz-Like Virtual World in 2024
Pudgy World, an interactive digital world available to Pudgy Penguin NFT holders, will become available in alpha mode sometime next year, according to the company’s CEO.
Pudgy Penguins NFT are on a holiday rally. (Screenshot)
By Elizabeth Napolitano
Dec 10, 2023 at 2:30 a.m. UTC
Dec 10, 2023
Pudgy PenguinsNFTsRetail
P1A, the artist behind the NFT.
Consensus Magazine
Opinion
P1A: Refik Anadol Explores 'Boundaries of Creativity'
The artist made an NFT of Refik Anadol, another artist, for our Most Influential package.
P1A, the artist behind the NFT.
By CoinDesk Staff
Dec 4, 2023 at 1:44 p.m. UTC
Dec 4, 2023
OpinionNFTsMost Influential 2023no-livewire
Luca Netz (Mason Webb/CoinDesk)
Consensus Magazine
Features
Luca Schnetzler: When NFTs Crashed, He Led Pudgy Penguins to Success
While much of the NFT market was taking beatings, the Pudgy Penguins CEO (who's also known as Luca Netz) drove his brand forward, setting up shop with some of the largest reta...
Luca Netz (Mason Webb/CoinDesk)
By Dilin Massand
Dec 4, 2023 at 1:17 p.m. UTC
Dec 4, 2023
FeaturesMost Influential 2023Pudgy PenguinsNFTsLuca netzno-livewire
Logik's image of Pacman for Most Influential 2023.
Consensus Magazine
Features
'Pacman' Gobbled NFT Sales With Blur
Blur upended OpenSea's NFT marketplace dominance by focusing on big traders. Its cofounder, Pacman, who doxxed himself to face its burgeoning community, earns a spot on CoinDe...
Logik's image of Pacman for Most Influential 2023.
By Elaine Ramirez
Dec 4, 2023 at 1:16 p.m. UTC
Dec 4, 2023
FeaturesMost Influential 2023NFTsBlurno-livewire
Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)
Markets
Defi
There Are Tentative Signs of Revival in DeFi and NFT Markets, JPMorgan Says
Expectation of U.S. approval of a spot bitcoin ETF has led to an increase in DeFi and NFT activity in recent months, the report said.
Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)
By Will Canny
Nov 30, 2023 at 4:23 p.m. UTC
Nov 30, 2023
DeFiNFTsMarketsTrading
cemetary (image by John Thomas on Unsplash, modified by CoinDesk)
Consensus Magazine
Opinion
1 Way to Revive Dead NFT Wallets
Artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.
cemetary (image by John Thomas on Unsplash, modified by CoinDesk)
By Brian Frye
Nov 22, 2023 at 4:02 p.m. UTC
Nov 22, 2023
OpinionNFTsArtTaxIRSLawCultureEstate planningDonationsCharity
(Dapper Labs)
Consensus Magazine
Opinion
Disney Does NOT ‘Partner’ With Crypto Companies
Language matters and crypto continues to play fast-and-loose with it, to its long-term detriment.
(Dapper Labs)
By Daniel Kuhn
Nov 17, 2023 at 8:16 p.m. UTC
Nov 17, 2023
OpinionDapper LabsDisneyNFTsCultureMedia
TaprootWizards.com NFT (ordinals.com)
Finance
Bitcoin ordinals
Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round
Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic interne...
TaprootWizards.com NFT (ordinals.com)
By Jamie Crawley
Nov 16, 2023 at 4:54 p.m. UTC
Nov 16, 2023
Bitcoin ordinalsNFTsMemesFunding Roundsseed funding