Topic

NFTsi

Non-fungible tokens (NFTs) refer to units of data stored on a blockchain that guarantees each digital asset to be unique and immutable. Because NFT-based digital items are authenticated via the decentralised technology, they can be owned and traded much like physical items in the real world.

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Sotheby’s has held two successful auctions of bitcoin ordinals – images, videos or text attached to satoshis, the smallest denomination of bitcoin. Some artworks are fetching up to five times their estimates.

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China’s Ministry of Industry and Information Technology said a strategic Web3 development plan will be drafted ‘in line with the country’s conditions’.

For US$4,653, supporters get a bit of fabric along with NFT digital trading cards featuring the ex-US president and the chance to dine with him at Mar-a-Lago.

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Fintech start-up OneDegree’s optimistic projection stems from the positive performance of the company’s household pet and digital-asset insurance operations.

The first ApeFest outside New York drew thousands of people from 60 countries, with support from the Hong Kong government, according to Yuga Labs.

Chinese contemporary artist Yue Minjun is launching an NFT collection based on his Laughing Man alter ego with the NFT market crashing. But he says they have long-term value, and a collector backs fine-art NFTs.

Do Web3 and wine mix? Will blockchain technology be a silver bullet when it comes to the complex authentication of premium wines and spirits? The jury remains divided.

French luxury house Hermès emerges victorious from its US lawsuit, winning a permanent ban on the sales of artist Mason Rothschild’s ‘MetaBirkin’ NFTs that depict the iconic handbag

The hedge fund, which filed for bankruptcy last year, sold the NFTs for US$10.9 million after buying them in 2021 for US$15.5 million worth of cryptocurrency.

Readers discuss opportunities for the city to take the helm in the new tech landscape, and how the government can encourage use of its online identity authentication app.

Revenue in the digital assets market is expected to grow at an annual rate of 16.1 per cent from 2023 to exceed US$102 billion by 2027, with almost a billion users tapping in.

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Artifact Labs is planning several new partnerships with global museums after a seed funding round led by Blue Pool Capital and Animoca Ventures, despite cooling interest in NFTs.

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Hong Kong University of Science and Technology and Hong Kong Design Institute have bought land and are planning virtual experiences in The Sandbox.

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As emerging technologies like blockchain-based NFTs expand into the digital asset space, artists need to understand when and how to use these tools to protect and boost their works.

According to urban artist Szabotage, NFT artworks are ready to return with the digital world providing a unique platform for creative expression – here’s what you need to know

Pricing and service issues were among the top complaints to China’s market regulator about non-fungible tokens, but were a small fraction of the total.

NFTs have spurred an explosion in digital art, Christie’s and Sotheby’s use cryptocurrencies to make sales, and now specialist platforms are helping with authentication and preserving a work’s history

Despite winning its case against Mason Rothschild, Hermès is seeking an injunction against the artist to stop him profiting from the MetaBirkins NFTs, as he continues to promote them online

The company’s main Forkast 500 NFT index aims to be ‘a proxy of the entire NFT market’, tracking the health of the digital asset economy in real time.