The company behind the NBA’s NFT trading cards is now valued at $2.6 billion

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Vancouver-based Dapper Labs, the blockchain company behind the NBA’s collectibles marketplace Top Shot, just closed a major round of funding toward its goal: NFTs for all. NFTs, or nonfungible tokens , have exploded in both the financial markets and the zeitgeist at large. Simply put, NFTs use blockchain technology to authenticate digital assets, which can then be bought and sold—sometimes at staggering sums. Much of the hype around NFTs has been fueled by headline grabbing sales, such as the artist Beeple’s recent $69.3 million payday for a single digital artwork, Twitter CEO Jack Dorsey hawking his first tweet for $2.9 million, and the original GIF of the internet’s favorite Pop-Tart cat going for nearly $600,000. Read Full Story

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Become the next NFT multimillionaire with this digital art generator

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Your millions await. Earlier this month, auction house Christie’s held an online auction in which a piece of art sold for a whopping $69 million. It wasn’t a work by Basquiat or de Kooning , artists who have fetched similar prices at auction. It was for a JPG file by the artist Beeple, sold as a nonfungible token or NFT—digital artwork that is verified as original through the use of blockchain. Read Full Story

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5 things people are getting wrong about NFTs

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As the CEO of a digital-goods marketplace, I’d like to clear up some myths about nonfungible tokens. They aren’t complex, pointless, or a bad investment. NFTs (nonfungible tokens) are having a moment right now. Tons of digital collectibles have been traded, including Dapper Labs’ NBA Top Shot , which raked in $1.05 million for just one recent pack of basketball videos, and Everydays: The First 5000 Days , a digital image by artist Mike Winkelmann (aka Beeple), which sold for $69.3 million at high-end auction house Christie’s. Read Full Story

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The 7 most overhyped tech buzzwords (and 7 to take seriously)

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Enough with the hoopla for blockchain, 5G, and absolutely anything “as a service.” Calling BS on buzzwords isn’t by any means a novel endeavor—the internet’s continued crusade to eradicate the word “disruption” certainly attests to this. But despite all the colorful backlash on social networks, these vague, glossy topics—think “digital transformation,” “big data,” and “Internet of Things”—are still pervasive, from news headlines to marketing content to company websites. Read Full Story

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