When Evan Mobley declared for the NBA draft in April, he didn’t go the traditional route. Mobley eschewed a news release or Players’ Tribune post, instead making his announcement by releasing an NFT.

"Companies can use NFTs to offer unique rewards to their customers," Allie Grace Garnett wrote for Britannica Money. "An NFT can grant special access privileges, transfer ownership of a rare digital ...

Fungible is another word for interchangeable. Bitcoin BTC, ether, and solana are fungible tokens because they are all the same. It should make no difference to a buyer which one he or she owns. If ...

The Internal Revenue Service looks likely to begin taxing some NFTs in line with tangible collectible assets, such as works of art, precious metals, and rare coins. In a notice released on March 21 ...

The U.S. Patent and Trademark Office and the U.S. Copyright Office recently published the results of their co-study (on the interplay between non-fungible tokens ...

The market for the digital items plummeted after their glory days in 2021 and 2022, and they’ve proven to be not only an artistic and aesthetic disaster, but a shortcut to financial ruin ...

NBA Top Shot is a blockchain-based, virtual trading card platform created by Dapper Labs that launched in 2020. Built on Dapper’s Flow blockchain, Top Shot “packs” and Moments (short video clips from ...

On August 28, 2023, the US Securities and Exchange Commission (SEC) announced an enforcement action against Impact Theory, LLC, alleging that Impact Theory’s public sale of approximately $30 million ...

Bitcoin has long been known as the first cryptocurrency. People like it because it is simple, safe, and acts like digital gold. But in early 2023, something new emerged that opened up more ...

The insurer attached an exclusion saying that any losses, damage, claim, occurrence or lawsuit related to NFTs are not covered by the policy. CNA Financial, the seventh-largest commercial insurer in ...