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NFTs
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.
Bitcoin Ordinals Project Taproot Wizards Plans Long-Awaited Sale of Signature NFTs
The Wizards were inscribed on the Bitcoin blockchain two years ago and are now being made available for sale
NFTs Are Making a Comeback as Trading Volumes Surge: Galaxy Research
Leading marketplaces such as OpenSea, Blur and Magic Eden have seen increased activity since November, the report said.
Jailhouse Block: Elvis Digital Art Collection Will Inscribe on the Bitcoin Network
A digital art collection of Elvis Presley, "Elvis Side $Btc," will be inscribed on the Bitcoin blockchain by OrdinalsBot and IP project Royalty.
Christie's to Offer Blockchain-Based Ownership Certificates for Photography Collection
Wednesday's sale of "An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina," in New York will see digital certificates issued for each of the 130 lots, which will be minted by Kresus on Base.
Art Is Not a Security
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law.
DraftKings Dumps NFT Business, Citing Legal Developments
The sports gambling company faces a class action lawsuit alleging its NFTs are securities.
Decentralized Crypto Exchange WOOFi Uses Gaming Style NFTs to Boost DeFi
So-called “Boosters” enhance the yield from WOO tokens, which are staked to earn a share of the DEX’s fees.
U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward
The class action suit from DraftKings buyers alleges that NFTs are investment contracts.
Dapper Labs Agrees to $4M Settlement in Class Action Securities Suit
The settlement must still be approved by a New York court.
U.S. Treasury Describes NFTs as 'Highly Susceptible to Use in Fraud and Scams'
"Illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods to obfuscate the illicit source of proceeds of crime," the Treasury found.
