NFTs
Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million.
By Bradley KeounJan 22, 2024
Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell 'Quantum Cats' Collection
The "NFTs on Bitcoin" project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.
By Bradley KeounJan 12, 2024
Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down
Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin."
By Bradley KeounJan 9, 2024
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.
By Bradley KeounDec 14, 2023
Pudgy Penguins to Launch Webkinz-Like Virtual World in 2024
Pudgy World, an interactive digital world available to Pudgy Penguin NFT holders, will become available in alpha mode sometime next year, according to the company’s CEO.
By Elizabeth NapolitanoDec 10, 2023
P1A: Refik Anadol Explores 'Boundaries of Creativity'
The artist made an NFT of Refik Anadol, another artist, for our Most Influential package.
By CoinDeskDec 4, 2023
Luca Schnetzler: When NFTs Crashed, He Led Pudgy Penguins to Success
While much of the NFT market was taking beatings, the Pudgy Penguins CEO (who's also known as Luca Netz) drove his brand forward, setting up shop with some of the largest retail stores in the country.
By Dilin MassandDec 4, 2023
'Pacman' Gobbled NFT Sales With Blur
Blur upended OpenSea's NFT marketplace dominance by focusing on big traders. Its cofounder, Pacman, who doxxed himself to face its burgeoning community, earns a spot on CoinDesk's Most Influential 2023.
By Elaine RamirezDec 4, 2023
There Are Tentative Signs of Revival in DeFi and NFT Markets, JPMorgan Says
Expectation of U.S. approval of a spot bitcoin ETF has led to an increase in DeFi and NFT activity in recent months, the report said.
By Will CannyNov 30, 2023
1 Way to Revive Dead NFT Wallets
Artist and legal scholar Brian Frye says inaccessible crypto tokens cannot be sold, but can be donated — with potentially significant tax benefits.
By Brian FryeNov 22, 2023
