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NFT (non-fungible token) is a new type of cryptocurrency that exists exclusively in its cryptosystem. Simply put, this is a special form of digital art ownership, secured by a unique token. The owner of this token becomes the sole owner of a certain digital object, be it a picture, GIF, video, tweet, or song.
Meta Will Allow Creators to Make and Sell NFTs Directly on Instagram
Instagram users will soon be able to create their own NFTs and sell them to followers and fans both on and off the social media platform. Meta itself will not charge fees for creating and selling NFTs until 2024.
Coinbase Officially Launches Its NFT Marketplace in Beta
Cryptocurrency trading and investing platform Coinbase launched its new NFT marketplace available to a small number of beta testers who will be able to create, buy, sell, and share NFTs.
Twitter Introduced NFT Profile Pictures on iOS
The feature is currently available for iOS users with an active Twitter Blue subscription, which costs $2.99 per month and is now available in Canada, Australia, New Zealand, and the US.
An NFT Artwork Created by Sophia the Robot Sold for $688,000
An NFT artwork created by humanoid robot Sophia was sold at auction for $688 thousand. This is the first-ever sale of an NFT artwork created by artificial intelligence, based on the work of the Italian artist Andrea Bonaceto.
Billionaire Mark Cuban Created a Digital Art Gallery for NFTs
Non-fungible tokens act as a certificate of authenticity for digital objects such as GIF, JPEG, MP3, or other digital art forms. Over the past month, people have spent over $1 billion on digital assets.
Time Magazine Auctions Three Covers as NFTs, and Will Accept Cryptocurrency
Time will also begin accepting cryptocurrency as payment for subscriptions within the next 30 days. The company is also looking for a new Chief Financial Officer (CFO) who will, among other things, work with cryptocurrency.
Weekly Fun: COVID-19 Scream Test and Elon Musk's Techno Track About NFTs
This week’s stories feature a shouting booth created by a Dutch inventor for more convenient coronavirus testing, and a techno song about NFTs by Elon Musk.