Venture capitalists have been getting into non-fungible tokens (NFTs), The Financial Times reported Friday (May 13), with millions going to those sorts of causes. Andreessen Horowitz and Paradigm, two of the biggest crypto venture fund managers, have been investing directly in the NFTs, according to...
Pop act The Chainsmokers will release NFTs to give fans a piece of the streaming royalties from the new album “So Far So Good,” Bloomberg wrote Thursday (May 12). There will be 5,000 NFTs and they’ll be given out on May 17 for free. The...
The biggest news in non-fungible tokens (NFTs) this week is that Instagram is launching a pilot allowing NFT owners to display — and hopefully help them sell — their digital collectables. While they have many potential uses, from distributing music to tokenizing bond offerings, NFTs...
Select creators and collectors of non-fungible tokens (NFTs) will soon be invited to share their creations or collections as part of a pilot program being launched by Meta’s Instagram. Art, images and videos, music or trading cards can be shared by the creators themselves or...
Despite a highly publicized report that sales of non-fungible tokens (NFTs) are “flatlining,” the cryptocurrency tokens that carry art, videos and music, among other things, are doing quite well, a new report argued. While transaction volume spikes and falls as hot new collections are released,...
Non-fungible tokens (NFTs) have largely been pitched as a way to move media, whether that’s selling an 8-bit picture of a mohawked alien for millions or slam dunk or a song for a few dollars, or a digital handbag for more than its real-world counterpart...
Welcome to PYMNTS’ new weekly report on all things non-fungible token (NFT). NFTs carrying art, video, audio and other media files have gotten a lot of hype thanks to some outrageous sales of collectable cartoon images that sell for six and seven figures, but they...
The NFT market seems to be doing poorly, if the daily average of 19,000 this week is any indication – a drop of 92% from its September peak, The Wall Street Journal wrote. At that time the market had around 225,000 sales. The number of...
Metaverse developer Sensorium has partnered with the Humanity 2.0 Foundation to develop a virtual reality (VR) and nonfungible token (NFT) gallery hosting the Vatican’s art, content and academic goals, a Sensorium press release said Monday (May 2). Humanity 2.0 is a nonprofit organization confronting the...