NFTs

CoinDesk placeholder image

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.

Read less...

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

An exhibition at Miami’s Art Basel festival in December 2021 curated by Sofia Garcia of ARTXCODE and Kate Hannah of Art Blocks. The exhibit is now hosted digitally on JPG. (Eli Tan/CoinDesk)
NFT Curation Site JPG Goes Live With $3.8M in Seed Funding
The media curation protocol aims to change who can build an art gallery.
An exhibition at Miami’s Art Basel festival in December 2021 curated by Sofia Garcia of ARTXCODE and Kate Hannah of Art Blocks. The exhibit is now hosted digitally on JPG. (Eli Tan/CoinDesk)

Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing
GameStop Stock Surges Following NFT Marketplace Report
The struggling video game retailer is planning to build a new division focused on trading NFTs and establishing crypto partnerships, the WSJ reported.
Reddit, Robinhood, Citadel CEOs to Testify at GameStop Hearing

(Yuichiro Chino via Getty Images)
Singapore Tycoons’ Sons Plan Private NFT Club: Report
Kiat Lim and Elroy Cheo founded ARC, which will start as an app-based community and eventually grow into a metaverse with a gaming element.
(Yuichiro Chino via Getty Images)

A peek into the Australian Open's metaverse experience. (Australian Open)
Australian Open Apes Into Tennis NFTs and Decentraland, Too
The tennis tournament is merging NFTs with on-court action in a creative twist on generative artwork.
A peek into the Australian Open's metaverse experience. (Australian Open)

A WalMart demo of virtual-reality shopping, first produced in 2017, has been making the rounds again as an example of the Metaverse. (WalMart/YouTube)
Facebook, Walmart and How Companies Shouldn’t Set Up in the Metaverse
Facebook’s “pivot to video” destroyed businesses that went along. The metaverse could be a repeat act.
A WalMart demo of virtual-reality shopping, first produced in 2017, has been making the rounds again as an example of the Metaverse. (WalMart/YouTube)

NEW YORK, NEW YORK - MAY 12: CryptoPunk digital art non-fungible token (NFT) displayed on a digital billboard in Times Square on May 12, 2021 in New York City. The image is part of SaveArtSpace's "Pixelated" public art exhibition which will be displaying 193 of Larva Labs' CryptoPunks on phone booths, bus shelters, and billboards around New York City during the month of May. New York Governor Andrew Cuomo announced pandemic restrictions to be lifted on May 19.  (Photo by Alexi Rosenfeld/Getty Images)
Animoca Brands Leads $9M Round in NFT Data Aggregator CryptoSlam
The new funding will be used for an “aggressive” hiring plan, expansion to support more blockchains and the launch of several new products.
NEW YORK, NEW YORK - MAY 12: CryptoPunk digital art non-fungible token (NFT) displayed on a digital billboard in Times Square on May 12, 2021 in New York City. The image is part of SaveArtSpace's "Pixelated" public art exhibition which will be displaying 193 of Larva Labs' CryptoPunks on phone booths, bus shelters, and billboards around New York City during the month of May. New York Governor Andrew Cuomo announced pandemic restrictions to be lifted on May 19.  (Photo by Alexi Rosenfeld/Getty Images)

Markets Daily Podcast Cover
Crypto News Roundup for Jan. 5, 2022
With crypto markets oscillating around local lows and a look at a few stories of the price some pay (literally) for carelessness in the world of NFTs, CoinDesk’s Markets Daily...
Markets Daily Podcast Cover

(Jonathan Moscrop/Getty Images)
How to Make, Buy and Sell NFTs
The NFT market continues to grow as one of the industry’s most prominent sectors. Here’s how to make, buy and sell these digital assets.
(Jonathan Moscrop/Getty Images)