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Non-fungible token News

19 Nov 2021

Sonu Nigam launches Indian music industry's first-ever NFT series

The NFT series was launched in London. The NFT series will include Nigam's single 'Hall of Fame' - his first official English track. An NFT is a unit of data stored on a digital ledger, called a blockchain.

22 Mar 2021

Twitter CEO Jack Dorsey’s first tweet sold for a whopping Rs 18 crore

The bid for a 15-year-old tweet on March 6, 2006 (saying `just setting up my twttr`) put up for auction as an NFT (non-fungible token) on a platform called Valuables has reportedly been won by Sina Estavi, CEO of tech company Bridge Oracle. NFT is a digital good on the Ethereum blockchain which allows people to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. The artist Grimes recently sold several NFT items for nearly $6 million.

non-fungible token

02 Mar 2021

How a 10-second video clip sold for $6.6 million

The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to certify who owns it and that it is the original work. It's a new type of digital asset - known as a non-fungible token (NFT) - that has exploded in popularity during the pandemic. Blockchain technology allows the items to be publicly authenticated as one-of-a-kind, unlike traditional online objects which can be endlessly reproduced.

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