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Non-fungible token (NFT) prices are apparently crashing. NFTs are essentially blockchain-based tradable digital certificates that prove ownership and provenance of online assets. And I say "apparently" because the market is so illiquid and opaque, so this is being dubbed a silent crash. So according to Bloomberg, citing Nonfungible.com as a source, is saying that NFT prices have tumbled almost 70% from a peak in February. Amy Castor has posted a great explainer on NFTs, what they are and how their markets work, but suffice it to say that the whole thing looks very fishy!

Non-fungible tokens (or NFTs) are unique blockchain-based tokens that can represent almost anything, including physical assets. NFTs have been growing significantly in popularity in recent years because of this potential to "tokenize" anything and provide a way to transfer ownership of digital assets to holders. An NFT can be described as a certificate of authenticity. Most NFTs today are based on the Ethereum blockchain, but some other blockchains like TRON and NEO also support NFTs.

One of the biggest current trends in the world of digital and decentralized assets is the NFT, or non-fungible token.  In the past month, Grimes sold nearly $6 million of NFTs and Kings of Leon has pledged to come out with the first ever full rock album as an NFT.  So…what the heck is an NFT?

Non-fungible tokens (or NFTs) are unique blockchain-based tokens that can represent almost anything, including physical assets. NFTs have been growing significantly in popularity in recent years because of this potential to "tokenize" anything and provide a way to transfer ownership of digital assets to holders. An NFT can be described as a certificate of authenticity. Most NFTs today are based on the Ethereum blockchain, but some other blockchains like TRON and NEO also support NFTs.

Like all technological breakthroughs, NFTs carry not just great promise, but the potential for abuse and a host of complex and novel IP, consumer protection and other legal issues. This post provides a quick primer on NFTs, answers some of the big IP questions about NFTs, and flags some of the key issues that we've been tackling in the NFT space.

"This post is an introduction to NFTs, and a jumping off point for the more specialized posts in Latham's blog series on NFTs. This installment will explain what an NFT is and why people may start hearing a lot more about them. It will also preview some of the key legal issues that Latham lawyers will explore as a part of this series."

"Non-fungible tokens (NFTs) have been widely adopted by the sports, arts, music, gaming, fashion, and other industries. Behind the hype is a fast-developing ecosystem of technical and commercial innovation that is embracing the promise of bridging physical world concepts of uniqueness and scarcity with the digital world. The NFT market has seen enormous growth in recent years, with sales of NFTs reaching $25 billion in 2021 by one estimate, and this is only expected to grow as creators and brands craft their plans for the metaverse in which NFTs are expected to play a critical role...."

"Widely popular and promoted by entertainers and influencers of all kinds, including many not normally associated with sound financial advice, the allure of NFTs has proven hard for investors to ignore. Nearly $40 billion have been invested into the NFT space in 2022 as of this writing, and with current declines in overall cryptoasset prices, a substantial percentage of these investments are likely underwater, if not nearly worthless. Such dramatic headlines and damage, however, overshadow the very real and tangible use cases that NFTs can - and will - drive moving forward."

Non-fungible token (NFT) is a term used to describe a unique digital asset whose ownership is tracked on a blockchain, such as Ethereum. Assets that can be represented as NFTs range from digital goods, such as items that exist within virtual worlds, to claims on physical assets such as clothing items or real estate. In the coming years, we will see NFTs used to unlock entirely new use cases that are only made possible by crypto.

"I'll show you how to get in on the NFT craze using the popular platform OpenSea now. And I'll also show you how to turn digital assets into NFTs and sell them, in case you're an artist who wants to sell something."

"NFTs aren't trustless. It comes down to the fact that nothing that isn't native to a public blockchain can be managed in a trustless manner. As soon as you re-introduce agents (creator, issuer, market place) and external assets somewhere in the process, then you fall back to traditional trust mechanisms. Again, it's perfectly OK for creators to sell their creations on a third party website, and it's people's right to buy artefacts for emotional reasons. Just don't be fooled by the "trustless revolution" narrative spread by unscrupulous NFT promoters that are in it for the money. It's OK to use trusted third parties - no need to lie."

This article is a comprehensive list of tools that can help anyone get started minting NFTs and then selling them on an open marketplace.

Tron introduced its non-fungible token (NFT) standard, TRC-721, to take over the growing NFT market. DApps created on Tron's TRC-721 will be compatible with Ethereum's ERC-721 standard.

NFT issuers are advised to avoid marketing NFTs as an investment that can reward holders with appreciation, profit, or dividends. The concern here is that such marketing could transform a non-security into a security, such as in the Gary Plastic case, in which a secondary market for the instruments was touted.

Right now, the NFT bubble is a big one. Crypto grifters promote NFTs because it's a new avenue to bring fiat money into the world of crypto and to pump up their bags. The problem is, all bubbles eventually pop, and when this one does, retailers will be left holding the bag.

A NFT (non-fungible token) is a special cryptographically-generated token that uses blockchain technology to link with a unique digital asset that cannot be replicated. Non-fungible tokens differ from popular cryptocurrencies such as Ether (ETH), Bitcoin (BTC) and Monero (XMR), which are fungible; for example, you can exchange one Bitcoin for any other Bitcoin. Although the usage of NFTs has spread in various industries, they're synonymously associated with the gaming and digital collectibles sectors and are most commonly found as a specific Ethereum token built on the ERC-721 standard. However, in 2021, their use is starting to spread to other blockchains like Binance Smart Chain's BEP-721 protocol.

Non-Fungible Token (NFT) mania is now outpacing decentralized finance (DeFi). The search interest for NFT gained traction in the middle of January 2021, and last week more people were busy learning about digital collectibles more than DeFi in the US, as per Google Trends.

Ripple announced a $250 million fund to provide creators with the financial, creative and technical support needed to explore and craft premium non-fungible token (NFT) and other tokenization projects on the XRP Ledger. To that end, the company has partnered with creative agency VSA Partners and NFT marketplaces mintNFT and Mintable.

"While at the beginning NFTs were predominantly used by artists to claim the ownership and novelty of their digital creative work, the uses for the digital tokens are growing, a new report from Global Data suggests. Companies are now filing NFT-related patents to secure their innovations, and that could lead to adoption across a variety of sectors."

"A lot of people have asked me in recent days how they can create and sell NFTs (non-fungible tokens), so I decided to write this tutorial on how you can mint (and hopefully sell) an NFT for free, with absolutely no gas fees or other costs to you."