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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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Adam Hollander told Cointelegraph that the number of weekly unique collectors on OpenSea has increased by 40% since January.
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Data shows unique NFT buyers surged by 50% in May, jumping to 936,000 from 622,000, signaling renewed demand.
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Average NFT loan sizes have tanked, which DappRadar's Sara Gherghelas says means users are borrowing against low-value assets or being conservative with leverage.
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The Hedera Africa Hackathon 2025 will bring together over 10,000 people across more than 20 cities with $1 million in prizes to support blockchain ideas in Africa.
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Analysts are warning of more fiat currency debasement, which is driving a growing appetite for digital assets, including cryptocurrencies and NFTs.
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DeLorean is launching an onchain reservation system and marketplace on Sui, giving users priority access to its upcoming electric vehicle.
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Crypto and art NFTs can help investors protect their purchasing power from ongoing fiat currency debasement, according to Raoul Pal.
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The rise of native onchain assets, a renewed memecoin season including Trump-themed tokens and the growth of Hyperliquid is fueling a surge in DEX volume and adoption.
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FIFA is migrating its NFT marketplace and collection to a new Avalanche-powered layer-1 blockchain built for digital fan experiences.
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Lawyer Oscar Franklin Tan told Cointelegraph that Hester Peirce's comments were widely misunderstood, as royalties were never considered a security.
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Dapper Labs VP Ridhima Kahn told Cointelegraph why digital merch is becoming the go-to strategy for major brands like the NBA, NFL and Disney.
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Ownership of intangible assets has powered centuries of innovation and economic growth. The value of virtual property and digital rights is more important than ever before as it fuels the next wave of creativity and opportunity.
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The leader of an NFT project and Bitcoin mining venture has been sued by his former business partners for allegedly failing to pay them their promised equity returns.
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The foundation is a nonprofit devoted to "safeguarding internet-native culture." The sale price is undisclosed.
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