NFT
A Non-Fungible Token (NFT) is a specific kind of digital asset that serves as a representation of ownership or certification of uniqueness for a particular object or piece of content. It utilizes blockchain technology, predominantly on the Ethereum network. Unlike other tokens, an NFT possesses distinct characteristics that allow it to stand out, making each one unique and non-substitutable with another. This differs significantly from fungible cryptocurrencies like Bitcoin or Ethereum, where individual units are interchangeable with each other.
Harmony Launches Bored Ape Yacht Club Passport
Harmony, the blockchain platform based on the Ethereum chain, announced the launch of Bored Ape Yacht Club Passport, supporting cross-chain activities.
OpenSea Confirms Under Phishing Attack, after Urging Users to Migrate NFTs New Addresses
Some of the users from OpenSea have been targeted explicitly through a phishing attack, resulting in NFTs lost from the NFT marketplace.
NYSE Files Trademark Application to Trade NFTs
The New York Stock Exchange (NYSE) said it filed a trade NFT trademark application with the United States Patent and Trademark Office (USPTO) on February 10, aiming to enter the world of the Metaverse.
South Korean University to Present NFT Certificates for Graduates
Sungkyunkwan University (SKKU), a top private university in Suwon, South Korea, seeks to present NFT certificates to three excellent graduates at the graduation ceremony.
UK's HMRC Makes the First NFT Seizure in Tax Evasion Scandal
Her Majesty’s Revenue and Customs (HMRC) have nabbed three suspected tax evaders, as well as three NFTs.
YouTube Sees NFTs as Catalysts, Tieing Deeper Relationships with Users
YouTube sees NFTs as stepping stones towards a stronger connection between creators and viewers, according to Chief Product Officer Neal Mohan.
Adult Content Platform Onlyfans Launches NFT Profile Picture Feature
Online adult content subscription platform OnlyFans has launched a feature for users to display verified NFTs as profile pictures.
FlamingoDAO NFT Portfolio Valuation Touches $1B
FlamingoDAO's NFT portfolio is now worth an estimated $1 billion, DAO's members and reports from Forbes confirmed.
Shiba Inu Announces Metaverse Initiative Codenamed "Shiberse"
Shiba Inu announced the launch of the Shiberse, a metaverse world that will be focused on redefining the incentivization model for its growing community.
Alfa Romeo Unveils Tonale SUV with NFT Tracking Capabilities
Italian automobile brand Alfa Romeo is launching a new Sports Utility Vehicle in 2023, the Tonale, and it will incorporate NFTs and blockchain technology in its data capturing procedures.
OpenSea Delists CryptoPunks V1, Following Takedown Notice From Developers
OpenSea has once again delisted the CryptoPunks V1 collection due to a Digital Millennium Copyright Act takedown notice issued by developers Larva Labs.
NFTs Sees Increase in Manipulative Trading Practices: Chainalysis
Non-fungible tokens have been witnessed a rise in malpractices as the sector turns increasingly volatile, blockchain analytics platform Chainalysis reported.
US Treasury Department Concerns NFTs Crime of Money Laundering
The growing popularity of digital artworks as highly valued non-fungible tokens (NFTs) is now a major financial red flag as the United States Treasury Department believes they could be a vital tool for money laundering.
NFL to Give Free NFTs to Celebrate Super Bowl LVI
The American NFL is set to gift virtual commemorative tickets in the form of NFTs.
NFTs can Help Patients Have Significant Control of Personal Health Data: Global Scholars
A global and multidisciplinary team of scholars have released a publication noting that NFTs have the capability of spreading their wings to the healthcare sector by helping patients safeguard their personal health information.