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.

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Quantum Cats for sale on Magic Eden NFT Marketplace (Magic Eden)

Technology

Ordinals

Taproot Wizards' New Bitcoin NFTs Already Trading at Twice the Initial Sale Price

Even after a weeklong minting process marred by technical issues, the Quantum Cats digital images were going for more than $10,000 each on the NFT marketplace Magic Eden, on t...

By Bradley Keoun

Feb 6, 2024 at 11:02 p.m. UTC

Feb 6, 2024

OrdinalsOrdinals protocolBitcoinNFTsTaproot wizards

Screenshot of "Quantum Cats" collection from the project's website. (Quantum Cats/Taproot Wizards)

Technology

Ordinals

Bitcoin NFT Project Taproot Wizards Sells Out First Collection, Raking in $13M

All 3,000 of the "Quantum Cats" digital images were claimed by the end of Monday's public mint, selling for a fixed price of 0.1 BTC ($4,265) each – despite severe technical i...

By Jamie Crawley Bradley Keoun

Feb 5, 2024 at 8:26 p.m. UTC

Feb 5, 2024

OrdinalsOrdinals protocolBitcoinNFTsTaproot wizards

Technology

Bitcoin

Taproot Wizards Delays 'Quantum Cats' for 3rd Time as Mint Site Gets Fixed, Tested

Taproot Wizards struggled with technical issues during Monday's initial attempt to sell about 3,000 of the "NFTs on Bitcoin." The team says they underestimated demand, and say...

By Jamie Crawley

Feb 1, 2024 at 4:15 p.m. UTC

Feb 1, 2024

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Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 (John Phillips/Creative Commons/CC2.0, modified by CoinDesk)

Technology

The protocol

The Protocol: Bitcoin NFT Debacle, Vitalik's 30th, Farcaster Frames, 'Private Mempools'

In this week's issue of The Protocol newsletter, our Sam Kessler writes about the "private mempools" that Ethereum users are increasingly relying on to avoid front-running MEV...

By Bradley Keoun

Jan 31, 2024 at 7:30 p.m. UTC

Jan 31, 2024

The ProtocolNewsletterEthereumProtocolsVitalik ButerinNFTsNFTQuantum cats

Technology

Bitcoin

Taproot Wizards Delays 'Quantum Cats' Sale for 2nd Time, After Messy Bitcoin NFT Debut

"We had big plans for mint day and we didn’t live up to your expectations of us and to our expectations of ourselves," Taproot Wizards co-founder Udi Wertheimer posted on X.

By Jamie Crawley

Jan 30, 2024 at 2:47 p.m. UTC

Jan 30, 2024

BitcoinOrdinalsNFTs

Technology

Bitcoin

Taproot Wizards Debut Sale of Bitcoin NFTs 'Quantum Cats' Marred by Tech Issues

The collection was on sale for 0.1 BTC ($4,300) each, meaning upwards of 300 BTC ($13 million) could have been raised if the full series of 3,000 had been placed.

By Jamie Crawley

Jan 29, 2024 at 7:47 p.m. UTC

Jan 29, 2024

BitcoinOrdinalsNFTsOrdinals protocol

Magnus Resch argues in his latest book NFTs could reshape how art markets operate, and potentially bring in new buyers. (Phaidon)

Consensus Magazine

Opinion

How to Make Money Buying Art: Advice From Art Market Economist Magnus Resch

In his latest book, the Yale economist guides prospective buyers through never overpaying for art using data and by curating relationships. It turns out NFTs have particular u...

By Daniel Kuhn

Jan 25, 2024 at 2:58 p.m. UTC

Jan 25, 2024

OpinionArtNFTs

(Dylan Calluy/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

The Promises and Perils of NFTs: An Excerpt From 'The Everything Token'

In their new book, Steve Kaczynski and Scott Duke Kominers discuss the ongoing challenges (and potential solutions) around diversity, regulation and decentralization facing th...

By Steve Kaczynski Scott Kominers

Jan 23, 2024 at 9:17 p.m. UTC

Jan 23, 2024

OpinionBooksNFTs

Technology

Ordinals

Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction

The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All...

By Bradley Keoun

Jan 22, 2024 at 8:32 p.m. UTC

Jan 22, 2024

OrdinalsOrdinals protocolNFTsBitcoinSotheby’s

Genesis Quantum Cats inscription from Taproot Wizards (Taproot Wizards, modified by CoinDesk)

Technology

Nfts

Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell 'Quantum Cats' Collection

The "NFTs on Bitcoin" project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but...

By Bradley Keoun

Jan 12, 2024 at 3:50 p.m. UTC

Jan 12, 2024

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