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nft

Non-fungible tokens (NFTs) are digital assets based on blockchain technology that represent unique ownership and scarcity. Unlike fungible tokens (such as Bitcoin), NFTs are non-interchangeable, with each token having a unique identifier and metadata, commonly used in fields such as digital art, music, virtual real estate, and gaming items. The rise of NFTs has provided creators with new revenue streams while also sparking discussions about copyright, ownership, and market bubbles. Ethereum is the main platform for NFT transactions, supporting standards such as ERC-721 and ERC-1155.
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first_img coinbilly: has fully acquired Invisible Friends

Coinbilly, an early team member of Invisible Friends, announced that he has fully acquired the brand, covering smart contracts, intellectual property, remaining inventory, and After Effects files. He stated that he began working with the brand five years ago and has been pushing for the acquisition for more than the past two years, involving communication with multiple lawyers. The original artist, Markus Magnusson, created the initial artwork but will not participate in the subsequent operations.According to his review, Invisible Friends consists of 5,000 invisible characters that walk in a loop, with the audience only able to see the characters' clothing or the items they hold. In November 2021, the project released a teaser, with the early team consisting of Coinbilly, James Curran, and developer Mikker. On February 23, 2022, a charity auction raised $1.3 million and was distributed to 13 charities; subsequently, the public minting floor price was set at 12 ETH, approximately $30,000 at the time, with a trading volume of about 10,000 to 15,000 ETH before the reveal. The project also collaborated with Shopify, Snapchat, Sotheby's, and Kith.Coinbilly stated that the focus moving forward will be on physical products, character animations, experimental digital content, and brand collaborations, aiming to introduce the brand to users who have never encountered NFTs. Holders will receive priority benefits, and he plans to soon launch a commemorative open version for holders for free. He also mentioned that he will answer questions on Discord and X, and will livestream an explanation on Twitch at 1 PM Eastern Time the following afternoon.

first_img The art platform NFT Limited open source RWAIX plans to pilot in the first quarter of 2027

According to PR Newswire, NFT Limited (stock code MI, formerly known as Takung Art), a company listed on the NYSE American, announced the proposed technical agreement RWAIX in Hong Kong on October 13 and released an open-source reference implementation on GitHub under the MIT license. The company operates an online trading platform for international artworks and collectibles, stating that the agreement is intended to allow buyers, sellers, AI agents, and robots to verify identities, confirm agreements, and ensure that deliveries actually occur, with the existing digital art platform intended to serve as the first real-world scenario.The company claims that internally managed test records show 50 tests passed with no failures, and it plans to launch a limited live pilot within 90 days after completing an independent security review and other conditions, targeting the first quarter of 2027. The reference implementation includes core protocol logic in Node.js, 50 automated test cases with expected outputs, schema and API documentation, as well as a browser demonstration using synthetic data. The company also stated that RWAIX has not yet been integrated into the production environment, and the related timeline may still be adjusted.The existing digital art trading platform is operated by its wholly-owned Hong Kong subsidiary, Metaverse Digital Payment Co., Limited. The pilot aims to first upgrade the consent purchase, delivery, independent verification, payment, and dispute resolution processes for an existing NFT order, using existing banking channels. CEO Yanying Wang stated that the company already has customers, orders, and payments, and plans to verify within the next 90 days whether the agreement can be used for real customer orders.
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