The NFT News – The Verge The Verge is about technology and how it makes us feel. Founded in 2011, we offer our audience everything from breaking news to reviews to award-winning features and investigations, on our site, in video, and in podcasts. 2023-06-01T15:28:50+00:00 https://www.theverge.com/rss/stream/22096736 https://platform.theverge.com/wp-content/uploads/sites/2/2025/01/verge-rss-large_80b47e.png?w=150&h=150&crop=1 Jess Weatherbed <![CDATA[EA Sports is teaming up with Nike’s NFT sneaker project]]> https://www.theverge.com/2023/6/1/23745334/nike-nft-sneakers-swoosh-ea-sports-games-nft 2023-06-01T11:28:50-04:00 2023-06-01T11:28:50-04:00
Future EA Sports releases like EA FC (which is set to replace the FIFA brand name) is a likely candidate for Nike’s collectible NFT “wearables.” | Image: Electronic Arts

EA and Nike have just announced a partnership that will bring select virtual assets created by .Swoosh, Nike's Web3 marketplace platform, to future EA Sports titles. No specific games have been mentioned, and neither company has provided much information regarding what we can expect, though the creations will include virtual footwear and apparel.

But the partnership with EA seems to fulfill promises laid out by Nike back in November when the shoe brand first launched .Swoosh. At that time, Nike suggested that its virtual apparel could eventually be equipped in video games and "other immersive experiences."

.Swoosh's first NFT drop of virtua …

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]]> Mia Sato <![CDATA[Starbucks sold 2,000 NFTs in 20 minutes — coffee not included]]> https://www.theverge.com/2023/3/9/23633169/starbucks-nfts-odyssey-siren-collection-rewards-program 2023-03-09T20:47:54-05:00 2023-03-09T20:47:54-05:00

It's been more than a year since NFT sales peaked - and then collapsed - but that's not stopping enterprising multi-billion dollar corporations from trying to get in on the action.

Starbucks launched its first paid collection of NFTs today, a group of 2,000 digital "stamps," each priced at $100. Starbucks calls its NFTs "Journey Stamps," a less technical-sounding term that the uninitiated might use as a way to explain what they just spent money on. And people did buy them - CoinDesk reports that the "stamps" sold out in under 20 minutes.

The coffee company first launched its NFT and Web3 push in December, when it opened up a new membership …

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]]> Mitchell Clark <![CDATA[Coinbase says Apple forced it to remove NFT transfers from its iOS wallet]]> https://www.theverge.com/2022/12/1/23488448/coinbase-ios-wallet-app-apple-nft-fees-in-app-purchase-store 2022-12-01T15:59:47-05:00 2022-12-01T15:59:47-05:00

Coinbase has accused Apple of forcing it to remove NFT transfers from its Wallet app on iOS. On Thursday, it tweeted that Apple "blocked our last app release until we disabled the feature" because the iPhone maker wanted the blockchain fees associated with an NFT transfer to go through its in-app purchase system, giving it a 30 percent cut.

According to Coinbase, it's impossible to make that happen for a variety of reasons, with one important one being that Apple's system doesn't support paying in crypto.

While some NFT marketplaces let you purchase the digital tokens using traditional fiat currency like the US dollar, the fees Coinbase is …

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]]> Mitchell Clark <![CDATA[NFTs, explained]]> https://www.theverge.com/22310188/nft-explainer-what-is-blockchain-crypto-art-faq 2022-06-06T08:30:16-04:00 2022-06-06T08:30:16-04:00

There's nothing like an explosion of blockchain news to leave you thinking, "Um… what's going on here?" That's the feeling I've experienced while reading about Grimes getting millions of dollars for NFTs or about Nyan Cat being sold as one.

In the year since NFTs exploded in popularity, the situation has only gotten more complicated. Pictures of apes have sold for tens of millions of dollars, there's been an endless supply of headlines about million-dollar hacks of NFT projects, and corporate cash grabs have only gotten worse.

All this news may have left you wondering: what is an NFT, anyhow?

After countless hours of research and discussi …

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]]> Richard Lawler <![CDATA[The new pro football NFT marketplace has a name: NFL All Day]]> https://www.theverge.com/2021/11/24/22801332/nfl-all-day-nft-sports-top-shot-collectible-dapper-labs 2021-11-24T18:00:47-05:00 2021-11-24T18:00:47-05:00

It has been less than a year since NBA Top Shot served as an introduction for many sports fans into the world of NFTs, and now the NFL is lining up a similar arrangement. In September, the league announced a partnership with the company that runs Top Shot, Dapper Labs, and now we know the name of the service that will distribute the video highlight clips that make up the "Moments" that become NFTs: NFL All Day.

What's an NFT?

NFTs allow you to buy and sell ownership of unique digital items and keep track of who owns them using the blockchain. NFT stands for "non-fungible token," and it can technically contain anything digital, including dr …

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]]> Casey Newton <![CDATA[Loot is a viral social network that looks like nothing you’ve ever seen]]> https://www.theverge.com/22655077/loot-social-network-open-source-nft 2021-09-03T05:00:00-04:00 2021-09-03T05:00:00-04:00

Today, let's talk about the latest project from a co-founder of Vine and what it tells us about how the tech industry is evolving. This is a rare tech story where basically every fact of it has surprised me on some level. And while some of the ideas here are way out there - to the point that I'm imagining many of you slamming your laptops closed to avoid hearing any more - the far frontier they represent appears to be inching closer to the mainstream every day.

The road to Loot

When I wrote in March about non-fungible tokens, or NFTs, I tried to dazzle you by rattling off some of the more impressive sales numbers from the time: $600,000 for …

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]]> Mitchell Clark <![CDATA[Someone paid more than $300K for a fake Banksy NFT — and the scammer gave it all back]]> https://www.theverge.com/2021/8/31/22650594/banksy-nft-scam-pranksy-ethereum-returned-duplicates-art 2021-08-31T18:05:57-04:00 2021-08-31T18:05:57-04:00
This image showed up on Banksy’s site, was sold as an NFT, then was taken down. The artist’s team says it’s fake. | Image: Internet Archive

The NFT space continues to be weird and occasionally wonderful, but today's story is going for some sort of award: a collector paid over $300,000 in Ethereum for an NFT from someone claiming to be Banksy after the image appeared on the famed street artist's website. Then, Banksy's spokesperson said that the artist had no involvement with NFTs, and stories came out declaring it a fake. Finally, the NFT's seller spontaneously refunded the collector, seemingly with no note. Oh, and to really muddy the waters, the collector who bought the NFT goes by the name of Pranksy.

Pranksy told the BBC that he heard about the auction, which was being held …

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]]> Kim Lyons <![CDATA[The David After Dentist meme is now an NFT — and yes, this is real life]]> https://www.theverge.com/2021/5/6/22422993/david-after-dentist-meme-nft-real-life 2021-05-06T16:53:49-04:00 2021-05-06T16:53:49-04:00
David After Dentist is now an NFT | David Devore

David DeVore was seven years old in 2008 when a trip to the dentist left him feeling "funny" afterward. His dad, David Sr., recorded his son's post-anesthesia musings ("Is this real life?" "You have four eyes" "I feel funny"), and when he uploaded it to YouTube a few months later - intending to share it with friends and family - the video went viral within a few days.

Now, 140 million views and 11 years later, David After Dentist is becoming the latest mid-2000s meme to go up for auction as an NFT.

"It kind of feels like 2009 all over again," the elder DeVore said in an interview with The Verge. "NFTs are like the wild west right now, it's …

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]]> Mitchell Clark <![CDATA[Two Coinbase employees exchanged NFT rings with their wedding vows]]> https://www.theverge.com/tldr/2021/4/2/22364647/coinbase-employees-nft-wedding-exchange-romance 2021-04-02T17:40:38-04:00 2021-04-02T17:40:38-04:00

Two Coinbase employees have managed to find a heartwarming use for NFTs by incorporating them into their wedding, exchanging the digital tokens as part of the ceremony.

Rebecca Rose and Peter Kacherginsky say that alongside their traditional Jewish ceremony, the couple also sent each other digital tokens as "virtual rings" to each other. In a Twitter thread about the wedding, Rose said that their virtual rings now exist on the blockchain "for all to see as proof of our commitment to each other."

Read the full story at The Verge.

]]> Bijan Stephen <![CDATA[Go read this story on the real history of NFTs]]> https://www.theverge.com/2021/4/2/22364240/nft-blockchain-artist-hackathon-kevin-mccoy-anil-dash 2021-04-02T13:44:11-04:00 2021-04-02T13:44:11-04:00

Non-fungible tokens (NFTs) are big business now, at least for the moment. Everything from one of Creepy Chan's first Myspace posts to a New York Times article has been put up for sale. (The Times piece went for the Ether equivalent of $560,000.) But they weren't always a speculative, suspiciously scammy garden. In fact, according to Glitch CEO Anil Dash in a new piece in The Atlantic, the whole thing started as a project kludged together for a hackathon that brought artists and technologists together.

It all started in May 2014, Dash writes, when he was paired up with the digital artist Kevin McCoy. "This was around the peak of Tumblr cult …

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