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Starbucks builds out ‘third place’ with foray into NFTs

Dive Brief: Starbucks this week teased plans to enter the web3 space with the launch of a collection of non-fungible tokens (NFTs) later this year, the company announced during its quarterly earnings call on May 3. Those who buy the digital collectibles will gain access to exclusive content and other experiences, though it’s unclear exactly…

NFTs: art meets crypto – traditional copyright issues in tokenised world

Non-fungible tokens (NFTs) are creating an emerging market for artists and collectors to sell their unique “signed” digital assets in a manner that also makes unsigned copies available to the public. Sellers and purchasers of NFTs should ensure that they understand the copyright implications of the transaction. This article is part of a series exploring…

Sidewalk Side Studio to Host NFT Gallery Show

Getty ImagesNEW ORLEANS — Sidewalk Side Studio, in collaboration with Scale Workspace and Gilded, is presenting an NFT gallery show. On display from March 26 through June 25, NFT=ART will feature more than 30 original NFT works by Frenchy, Regina Scully, Jerin Beasley, Tito Rodriguez, Andi Allen, Monica Rose Kelly, Cheria Scaffidi, Lindsey Roussel, Anne…

Sapio Analytics partners WazirX to launch India’s first NFT on ancient artwork

Sapio Analytics, an artificial intelligence-based government support organization has joined hands with WazirX NFT marketplace to launch digital collectibles of rare artwork from ancient India. The company claims that this would be the first when ancient Indian artwork would to be converted into a non-fungible token (NFT). Ancient Artworks of India will now be available…

Understanding the Art of NFT Taxes

Opinions expressed by Entrepreneur contributors are their own. NFTs, or non-fungible tokens, are still a relatively new phenomenon. One could make the argument that they originated with the 2017 Cryptokitties project, but they didn’t grab the world’s attention until early 2021 when artist Mike “Beeple” Winkelmann sold an NFT through British auction house Christie’s for…

‘All My Apes Gone’: NFT Theft Victims Beg for Centralized Saviors

Bored Ape Yacht Club #9410On the eve of the new year, tragedy struck in Manhattan: Chelsea art gallery owner Todd Kramer had 615 ETH (about $2.3 million) worth of NFTs, primarily Bored Apes and Mutant Apes, stolen by scammers and listed on the peer-to-peer NFT marketplace OpenSea.Kramer quickly took to Twitter and begged for help…

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Don Diablo Sells World’s First Full-Length Concert NFT for $1.2 Million

Don Diablo’s Destination Hexagonia NFT concert hit the blockchain market on Friday, selling for a jaw-dropping $1.2 million in just four minutes. The hour-long performance film breaks records as the world’s first full-length concert NFT. In addition, the transaction smashes SuperRare‘s record for any single item NFT sale. Diablo describes Destination Hexagonia, a project he embarked on last…

Luka Garza’s NFT card goes for over $40,000

Earlier this week, former Iowa center Luka Garza announced that he would be the first college athlete to release his own NFT card. NFT stands for non-fungible token, which is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. On…

The Next Big Thing in NFTs: Breaking Them Apart

In briefInvestors are coming together to pool their funds and profit from high-value NFTs through fractionalization. But NFT fractions are a legal gray area and could be seen as securities. How can regular investors afford the eye-watering sums NFT (non-fungible token) artworks and other collectibles are commanding? And how can they ever hope to profit…

Kate Moss Moves Into NFTs With Three Short Videos

Kate Moss has become the latest big name to release their own NFTs, with the legendary model announcing a partnership with anonymous art collective Moments in Time. Moss’ NFT release will feature three single-edition short videos, each of which was filmed in Moss’ home, car and in her own clothes. This approach gives the videos…