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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.
Meta Aims to Recharge Lagging Horizon Worlds Metaverse With New In-House Game Studio
The struggling VR platform reported losses of $3.7 billion in the second quarter, though CEO Mark Zuckerberg remains "fully committed" to the metaverse and AI.
Yuga Labs Hopes to Rile Up Its Bored Apes With Latest Otherside Demo
The NFT mega-company has been hard at work building out a virtual playground for its Web3 community, and its latest live demo is aimed at bringing Bored Ape Yacht Club holders back to the center of its universe.
Suku May Beat Musk to Crypto Twitter Payment Adoption
Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs directly on Twitter.
Reddit Brings In Good Karma With Gen 4 Collectible NFT Avatars
The latest release of colorful interpretations of the platform's “Snoo" character is titled "Retro Reimagined."
Solana-Based NFT Marketplace Exchange.art to Expand Into Ethereum
Larisa Barbu, COO of Exchange.art, told CoinDesk that the marketplace had planned to expand beyond the Solana ecosystem since its launch in 2021.
What Is ERC-6551? Unpacking The ‘Backpack’ Wallet
In the past few months, several Web3 projects have adopted the ERC-6551 standard, or token-bound account. The new standard opens up a plethora of use cases across NFTs, gaming, DAOs and the metaverse.
OpenSea’s New Deal, McNuggets Land in the Metaverse
The NFT marketplace is letting collectors trade directly with one another, McDonald’s launches a virtual experience and more Web3 news of the week.
Tokenized Collectibles Platform Americana Is Bringing High-End Physical Items On-Chain
Backed by Alexis Ohanian and OpenSea, the platform is creating blockchain-based solutions for several pain points associated with buying and selling high-end physical collectibles.
OpenSea Makes ‘Deals,’ Launches Peer-to-Peer NFT Swaps
The new feature allows collectors to trade NFTs directly with each other as well as add WETH to “sweeten the deal.”
Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck
Google is allowing NFTs in games in its play store, while Starbucks recruits Micah Johnson’s Aku character for its next at-bat with NFTs.
