NFTs

The U.K. Treasury abandoned plans to launch a non-fungible token (NFT) as part of a broader effort to establish the country as a leading hub for cryptocurrency innovation, according to a report. The initiative, which was proposed by then-Chancellor of the Exchequer and current Prime Minister Rishi...

Video game giant Sony Group Corp (NYSE: SONY) has more patents related to non-fungible tokens (NFTs) up its sleeve.  What Happened: As the owner of the PlayStation video game consoles and several video game studios, Sony is one of the leading companies in the video game sector. While...

Non-fungible tokens (NFTs) may be taxed on par with other collectibles, such as fine wine or works of art, according to a recent document published by the U.S. Internal Revenue Service. This move could impact taxpayers who have included NFTs in their retirement plans. The proposed guidance is...

The NFT-ticketed conference VeeCon is returning for a second year in May. The event founded by entrepreneur Gary Vaynerchuk has announced a portion of the highly anticipated speakers for the event and is sharing a second round Friday of company executives, artists, media personalities and...

Cryptocurrency Shiba Inu (CRYPTO: SHIB), considered one of the 15 largest cryptocurrencies by market cap, launched in August 2020. Here’s a look at how much money people who got in at the start have made. What Happened: Shiba Inu launched as a similarly themed cryptocurrency to Dogecoin (...

When the biggest retailer in the world hints that it might get into the NFT game, tongues naturally start wagging. From the looks of it, many of the NFT space's top players are on board with Amazon (NASDAQ: AMZN) joining the fray, curious to see how one of web2's biggest success...

One of the biggest video game brands of all time could be the latest company to explore the use of non-fungible tokens in games or as a way to boost its connection with fans. Here’s the latest. What Happened: One of the bestselling video game brands of all time is Pokémon, which was...

Meta Platforms Inc.’s (NASDAQ: META) announcement that it is "winding down" its work with non-fungible tokens, or NFTs, on Facebook and Instagram has left many NFT collectors and artists feeling disappointed and frustrated. What Happened: The decision means Meta will...

One of the leading children’s brands worldwide is stepping into the world of non-fungible tokens. The move could be met with backlash and mocked, but also provide some teaching lessons for children along the way. What Happened: Sesame Workshop, owner of the iconic Sesame Street brand, is...

Non-fungible tokens linked to Ethereum co-founder Vitalik Buterin quickly soared in value on Wednesday after NFT traders and collectors found more details about the collection. What Happened: Over the past two years, NFT collections have been launched by Web3 startups, existing brands,...

Crypto moves at an unparalleled pace. Programmer and generative artist Casey Rodamor has taken the space by storm with his recent NFT innovation, Ordinals. Ordinals released in January, providing a method to represent non-fungible assets on the Bitcoin (CRYPTO: BTC) blockchain. However, the...

Arweave Protocol, a blockchain-based cloud storage provider, is attracting attention for its unique market opportunity in providing a solution for users seeking to store data permanently. Unlike established cloud storage providers such as Amazon and Google, Arweave (CRYPTO: AR) uses a...

There's been ongoing speculation that leading ecommerce company Amazon.com Inc (NASDAQ: AMZN) may get more heavily invested in the Web3 space. Here’s a look at the latest rumor involving an NFT marketplace and upcoming launch. What Happened: Fresh off the heels of a January report...

Former President Donald Trump made headlines in late 2022 when he revealed a non-fungible token collection. The NFTs were widely criticized, but also saw huge demand from fans and collectors. Here’s how much an investment in the NFTs would be worth today. What Happened: Trump announced the...

Many major companies have launched plans or explored entering the world of Web3. One of the largest apparel companies credits an interest in Bitcoin by Elon Musk as being the inspiration for its Web3 aspirations. What Happened: Electric vehicle giant Tesla Inc (NASDAQ: TSLA) shocked many when it...