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.

Finance

Solana NFT Marketplace Magic Eden Raises $130M at $1.6B Valuation

The large raise comes during an otherwise downcast crypto climate.

By Eli TanJun 21, 2022

Magic Eden’s four co-founders (left to right): CEO Jack Lu, CTO Sidney Zhang, Chief Engineer Zhoujie Zhou and COO Zhuoxin Yin. (Magic Eden)

Finance

Ukraine Sells Donated CryptoPunk NFT for $100K to Support War Effort

The NFT was given to the country in March near the start of its crypto fundraising campaign.

By Eli TanJun 20, 2022

A screenshot of CryptoPunk #5364 (OpenSea)

Finance

ParaSwap Launches Peer-to-Peer NFT Trading App

The platform allows buyers and sellers to make transactions using their token of choice, with all non-Ethereum gas fees being refunded.

By Eli TanJun 20, 2022

Paraswap NFT trading app (Danny Nelson for CoinDesk)

Finance

Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria

The platform, led by CEO Justin Bram and DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September.

By Cam ThompsonJun 20, 2022

Finance

Christie’s Web3 Expert Leaves Auction House to Run CryptoPunks for Yuga Labs

Noah Davis, a key factor in the storied auction house’s crypto embrace, was involved in Beeple’s $69 million NFT sale in March 2021.

By Eli TanJun 19, 2022

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)

Podcasts

The Importance of an Open Metaverse

By Nathaniel WhittemoreJun 19, 2022

Finance

NFT Platform Immutable Launches $500M Venture Fund for Web3 Games

Immutable Ventures will work with groups including Animoca and GameStop.

By Michael BellusciJun 17, 2022

Layer 2

From Mixtapes to NFTs: French Montana on Music and Crypto

“Only the strong survive at this point," three-time Grammy-nominated rapper French Montana said about the future of NFTs on CoinDesk TV’s “First Mover” program.

By Fran VelasquezJun 16, 2022