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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Yield Booster NFTs (WOOFi)
Decentralized Crypto Exchange WOOFi Uses Gaming Style NFTs to Boost DeFi
So-called “Boosters” enhance the yield from WOO tokens, which are staked to earn a share of the DEX’s fees.
Yield Booster NFTs (WOOFi)

Detail view of a DraftKings Sportsbook advertisement at an NHL game. (Brett Carlsen/Getty Images)
U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward
The class action suit from DraftKings buyers alleges that NFTs are investment contracts.
Detail view of a DraftKings Sportsbook advertisement at an NHL game. (Brett Carlsen/Getty Images)

Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit (Shutterstock)
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit
The settlement must still be approved by a New York court.
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit (Shutterstock)

(Nikhilesh De/CoinDesk)
U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'
"Illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods to obfuscate the illicit source of proceeds of crime," the Tre...
(Nikhilesh De/CoinDesk)

(CoinDesk)
The Untold Story Behind Beeple's Historic NFT Sale: 'Token Supremacy' Excerpt
Author Zachary Small details the behind-the-scenes events that brought the digital artist and Christie's auction house together in the first chapter of their book.
(CoinDesk)

(Patrick Fore/Unsplash)
Reimagining Female Empowerment in the Age of Digital Influence and Crypto
Despite the democratization of technology and access, systemic barriers persist. Stefania Barbaglio has a call to action for Gen-Z women.
(Patrick Fore/Unsplash)

MoMA’s Madeleine Pierpont brings Web3 experiences to the New York modern art mainstay. (Gen C podcast/CoinDesk)
MoMA’s Madeleine Pierpont: NFTs Are Already Part of Art History
“Yes, there has been a hyper-financialization in the NFT space, but money is not a dirty word in art,” says the Consensus 2024 speaker.
MoMA’s Madeleine Pierpont brings Web3 experiences to the New York modern art mainstay. (Gen C podcast/CoinDesk)

Shubham's Web3
Galaxis Raises $10M, Doubling Down on Belief That NFTs Will Provide Real Value Everywhere
The platform has previously launched NFT collections for celebrities such as DJ Steve Aoki and actor Val Kilmer.
Shubham's Web3

An inscription from the Ordinal Maxi Biz collection. (Christie's)
Why Christie's First Bitcoin Inscriptions Auction Matters
With the halving and new tech set to give Ordinals a further lift, Bitcoin-based inscriptions are demonstrating staying power and some advantages over NFTs. Christie’s is taki...
An inscription from the Ordinal Maxi Biz collection. (Christie's)

(Dogwifhat)
Influential Trader GCR Buys Original Dogwifhat Meme for $4M; WIF Rises
WIF prices surged in the past hour as X users discovered the trader now holds the original image.
(Dogwifhat)