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.
Japan's Messaging Platform LINE to Launch NFT Marketplace
Japanese social media and messaging platform LINE has launched its Non-Fungible Token (NFT) marketplace dubbed LINE NFT which is set to officially go live on April 13.
Abu Dhabi Global Market to Permit Licensed Exchanges Trade NFTs
The Abu Dhabi Global Market (ADGM) is building out a regulatory framework that may make trading platforms or exchanges that have licenses to operate within the free trade zone to trade NFTs.
Chinese Tech Giants Pull the Plug on NFTs to Wade Off Regulatory Crackdown
WeChat has started suspending the accounts of NFT outfits on grounds that they violated its policies on illegal trading, local media reported.
Malaysian Communications Minister to Propose Crypto Legalization
Datuk Zahidi Zainul Abidin, the deputy minister of the Malaysian Ministry of Communications and Multimedia, is rallying the government to legalize cryptocurrencies to benefit the tech and crypto-savvy population.
Universal Music Label Acquires Ape NFT to Build Virtual Music Group
Universal Music Group has bought one of the popular NFT to build a virtual music group, according to Reuters.
Ronaldo Among Participants in Cricket NFT FanCraze's Fundraise
FanCraze is raising around $100 million in new funding rounds from backers, including Cristiano Ronaldo.
BAYC tied ApeCoin Makes Debut
Crypto token ApeCoin ($APE) was unveiled in the official Bored Ape Yacht Club (BAYC) Twitter account which detailed initiatives planned by creator Yuga Labs.
Ukrainian President Signs Law to Establish Regulatory Framework for Crypto
Amidst the ongoing war on its shores, Ukraine President Volodymyr Zelenskyy has signed into law the bill that will legalize digital currencies in the country.
McLaren Enters the Metaverse through InfiniteWorld
McLaren Automotive, a British automotive manufacturer, has entered the metaverse by giving customers a new level of experience where they can mint and sell NFTs.
Instagram to Welcome NFTs Feature, Meta CEO Mark Zuckerberg Confirms
Meta CEO Mark Zuckerberg said Meta will add NFTs to its video and photo social app Instagram in the coming months.
Ukraine to Record War Against Russia in NFTs
The Ukrainian government has planned to launch non-fungible tokens (NFTs) featuring unique digital artwork illustrating stories from its war with Russia.
NFTs to Be the Epicenter of the Future of Sports, PWC Study Shows
As NFTs continue taking the world by storm, big-four accounting firm PricewaterhouseCoopers (PwC) report shows that NFTs will revolutionize the way fans interact and consume in the sporting arena.
Ukraine Receives Military Supplies via Crypto Donation
Ukrainian deputy minister Bornyakov said that as much as $15 million in military supplies had been received recently. The funding was thanks to crypto donations from various crypto organizations.
Yuga Labs Acquires IP Rights to CryptoPunks and Meebits
The startup behind the Bored Ape Yacht Club NFT collection, Yuga Labs has acquired the Intellectual Property rights to the CryptoPunks and Meebits collections from LarvaLabs.
Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong
In Asia, Singapore extends tax charging on NFT transactions, local media reports.