News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Latest News on NFT
What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well.
In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such.
Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.
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Yuga Labs first filed a lawsuit in June 2022, accusing Ripps and Cahen of copying its Bored Ape Yacht Club cartoon ape images and selling lookalike NFTs.
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A new model based on tokenized membership ties booking to ownership and loyalty while giving hotels and travelers a closer stake in the platform.
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Paul Atkins says nonfungible tokens are typically collectibles, not investment contracts, as the agency outlines new categories of digital assets outside securities laws.
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OpenSea's SEA token was first announced last October, when the platform revealed it would be transitioning from an NFT marketplace to one that can "trade everything."
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Gondi said only the Sell & Repay smart contract was affected and that it is safe to continue buying, selling, trading and listing NFTs on the platform.
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Flow Foundation is seeking a Seoul court order to halt planned FLOW delistings on three Korean exchanges following a December exploit that duplicated tokens.
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The company behind the clothing brand Original Penguin has accused Pudgy Penguins’ clothing merchandise of infringing on its trademarks.
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Magic Eden is shifting resources from NFTs to its casino platform Dicey, after a closed beta saw $15 million wagered by around 200 users in two months.
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The on-chain analytics firm‘s focus on decentralized finance and non-fungible tokens had fallen out of step with the industry‘s current trajectory.
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Paul once fractionalized ownership of the rare Pokémon card on Liquid Marketplace in 2022 before the website went offline, leading to a lawsuit as investors demanded returns.
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Blockstream’s Adam Back said BIP-110 could be used to freeze user funds, but the proposal’s creator argues that safeguards are in place to prevent that.
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NFT valuations have slid back to pre-2021 levels as minting expands, sales fall and major platforms exit amid a prolonged market downturn.
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NFT marketplace Nifty Gateway announced on Saturday that it was shutting down, and has now been followed by Rodeo, which only launched on iOS last March.
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The Gemini-owned NFT platform will close on Feb. 23, 2026, entering withdrawal-only mode as another major casualty of the sector’s prolonged downturn.
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