NFT‘s, or non-fungible tokens, have recently become popular blockchain assets that crypto enthusiasts around the world are paying top dollar for.
If you’re unfamiliar with what an NFT is, HYPEBEAST wrote an in-depth explainer on the topic earlier last month. But in short, NFTs are digital tokens that exist on a blockchain and are unique and cannot be replicated. They are used to prove scarcity and ownership of a digital asset, and are becoming increasingly popular in the art, music and gaming worlds.
HYPEBEAST has rounded up the top NFT stories of the week so you can stay in-the-know about the latest crypto-craze:
1. Takashi Murakami decided against selling his newly-minted digital artworks as NFTs
The artist said he wanted to take more time to better understand the blockchain technology before moving forward. Bids for Murakami’s artwork on OpenSea had reached over $10,000 USD before the sale was postponed.
2. Former G.O.O.D. Music producer Keyon Christ released an NFT song 'Black Skin Machine' using artificial intelligence-based music
The track used samples synthesized by DADABOTS using a neural network called OpenAI Jukebox. It will then be released on April 15 alongside an NFT created in partnership with digital artist Zouassi.
3. Topps is releasing its debut MLB NFT trading card collection
The legacy trading card company's new collection will feature iconic throwback card templates as well as anniversary sets. The NFT release includes both standard and premium collectible packs, both available for purchase.
4. Chris Crocker's iconic 'Leave Britney Alone' video sold for nearly $44,000 USD as an NFT
Crocker initially uploaded the video to YouTube in defense of Britney Spears after her 2007 Video Music Awards. The video sold on NFT marketplace Foundation on April 12.
5. Sotheby’s made almost $17 million USD from its first auction supported by NFTs
The auction house concluded its first auction supported by NFTs made by the digital artist Pak. A total of 23,598 animated illustration files were purchased by collectors.
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