BAPE will enter the NFT marketplace this month. The Japanese fashion house and its sister brand AAPE announced that they would be launching five exclusive NFTs in collaboration with CROSS STUDIO. Tirith Capital will advise on the launch. “Since its unique designs drive the brand experience, it only makes sense …
Read More »What Are NFTs (Non-Fungible Tokens)?
The word “non-fungible token (NFT) ” refers to a token that is not fungible. In economics, a fungible asset is anything that has easily interchangeable units, such as currency. This is unlikely if anything is non-fungible, which means it has special properties that prohibit it from being interchanged with something …
Read More »Ja Rule Sells Fyre Festival Logo Artwork For $122,000
NFTs are getting a lot of hype and headlines. New York rapper Ja Rule sold a 48-inch-by-60-inch oil-paint portrait of the Fyre Festival logo for $122,000. The artwork was sold as a non-fungible token (NFT). The rapper told TMZ that he wanted to get rid of the painting to create …
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