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…
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…
The Covid-19 pandemic hit artist Cam Rackam's business hard, so he pivoted to creating digital art and ended up making six-figures from NFTs that sold out in just over half an hour. Source
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…
What led to the blockbuster NFT deal and why the Punks creators said they weren’t “well suited” to support the project. Source
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…
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…
While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the…
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…
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…
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…
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 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…