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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A scene from the championship game between Wild Aces and the Glacier Boyz of Fan Controlled Football at Infinite Energy Arena on March 20, 2021 in Duluth, Georgia. (Todd Kirkland/Fan Controlled Football/Getty Images)
‘Fan Controlled Football League’ Goes Crypto With $40M Investment From Animoca, Delphi
The league is doubling in size for its second season with the leaders of Bored Ape Yacht Club managing a new team.
A scene from the championship game between Wild Aces and the Glacier Boyz of Fan Controlled Football at Infinite Energy Arena on March 20, 2021 in Duluth, Georgia. (Todd Kirkland/Fan Controlled Football/Getty Images)

(Dan Farrell/Unsplash)
One Day After Launch, OpenSea Competitor LooksRare Sells Over $100M in NFTs
Is the long-awaited decentralized OpenSea finally here or is LooksRare propped up by wash trading?
(Dan Farrell/Unsplash)

The real world has real scarcities, unlike the metaverse.
Metaverse Scarcity Isn’t Real
Because scarcity in the metaverse is arbitrary and artificial, the values created with virtual real estate and NFTs are not the same as in the physical world, argues EY’s Paul...
The real world has real scarcities, unlike the metaverse.

Stacking of US Dollar bank notes.
GameFi NFT Marketplace Lootex Closes $9M Funding Round
The Taiwan-based asset marketplace features over 12,000 NFTs across 500 collections.
Stacking of US Dollar bank notes.

Members of the Unstoppable Domains team. (Unstoppable Domains)
Unstoppable Domains Launches NFT-Based Sign-On for Ethereum and Polygon
So-called “utility NFTs” can also be used to mark positions in DeFi or prove membership in communities, said Unstoppable chief Matthew Gould.
Members of the Unstoppable Domains team. (Unstoppable Domains)

(Alterego/Wikimedia Commons)
Associated Press Launching NFT Marketplace for Its Photographs
The marketplace will be built by blockchain technology firm Xooa, with NFTs to be minted on the Polygon blockchain.
(Alterego/Wikimedia Commons)

Dez Bryant (Tom Pennington/Getty Images)
Dez Bryant Taps Chainlink for ‘Dynamic’ Sports NFTs
The collectibles change in appearance based on players’ real-life stats.
Dez Bryant (Tom Pennington/Getty Images)

The Breakdown 01-08-22
Welcome to 2022: The Year of Absolutely Everything
From bitcoin mining disruptions to NFT booms to Fed disruptions, it was quite a week.
The Breakdown 01-08-22

Pudgy Penguins is a collection of 8,888 unique penguins with proof of ownership stored on the Ethereum blockchain. (Screenshot: OpenSea)
Pudgy Penguins NFT Project Ousts Founders as Mood Turns Icy
NFT influencers clash over the fate of Pudgy Penguins, raising governance questions surrounding non-fungible token communities.
Pudgy Penguins is a collection of 8,888 unique penguins with proof of ownership stored on the Ethereum blockchain. (Screenshot: OpenSea)

Markets Daily Podcast Cover
Crypto News Roundup for Jan. 7, 2022
With crypto markets continuing to drop and a look at how a bestselling author is approaching a new book about the Bored Ape Yacht Club, CoinDesk’s Markets Daily is back with t...
Markets Daily Podcast Cover