NFTs In A Nutshell: A Weekly Review
From major art gallery sales to Nobel Prize-winners, NFTs continue to hit the headlines. Let’s take a look at the past week’s action in non-fungible tokens. This Week’s Non-Fungible Token News Andy Warhol Foundation NFTs Yield Over $3M Last week’s Nutshell called out the Andy Warhol Foundation collaboration with Christies; this week, “Andy Warhol: Machine […]
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The SEC is shifting it’s sights towards NFTs, according to emerging reports hitting the wire on Tuesday. The U.S. regulator is apparently looking into whether to deem NFTs as securities and is exploring whether or not the sale of the NFTs violates federal law, including a specific look into Yuga Labs’ ApeCoin distribution. Let’s review […]
NFTs are hotter than the sun, and collections are selling out like hot cakes outside a diabetic clinic. What’s more, NFTs are skyrocketing in value, especially those that have an added value, such as being your ticket to an epic metaverse filled with kitties doing all sorts of degenerate activities. CryptoKitties arguably kicked off the […]
Tezos is one of a number of growing blockchains that is looking to gain a foothold in the NFT space, and has plenty of core competencies to do so. In last weekend’s ‘NFTs In A Nutshell,’ we briefly covered the shutdown of HicEtNunc, commonly known as HEN. The platform was widely utilized as the leading […]
Welcome to the CoinDesk Weekly Review -- a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Is Canada trying to become the first hipster nation? Not only has it demonstrated its geek cred by putting the International Space Station on its new $5 note -- thumbing its nose at the old colonial master, which decided to show the UK's thrusting 21st century nature by putting Winston Churchill on its new fiver -- it's also come out with the first official taxation....
With a set of creative skills and a personal computer, you can convert your digital art into NFTs. What is an NFT?NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored on the decentralized blockchain, making digital assets traceable and accessible to everyone. As a result, NFTs are a one-of-a-kind virtual currency that....