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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Screenshot of BitcoinShrooms website showing items from the collection. (Bitcoinshrooms.com)
'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)

Pudgy Penguins NFT are on a holiday rally. (Screenshot)
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)

P1A, the artist behind the NFT.
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.

Luca Netz (Mason Webb/CoinDesk)
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)

Logik's image of Pacman for Most Influential 2023.
'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.

Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)
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)

cemetary (image by John Thomas on Unsplash, modified by CoinDesk)
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)

(Dapper Labs)
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)

TaprootWizards.com NFT (ordinals.com)
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)

Rendering of NHL Breakaway promotion on Sweet's website. (Sweet, modified by CoinDesk)
National Hockey League Comes Around to Digital Collectibles, Using Sweet Platform
NHL Breakaway launches with Sweet, a platform for brands to create NFT collectibles under the Ethereum ERC-721 standard on Polygon and the Ethereum mainnet.
Rendering of NHL Breakaway promotion on Sweet's website. (Sweet, modified by CoinDesk)