Non-fungible token

The advent of blockchain and cryptocurrencies has taken the entertainment industry to a whole new level. These digital currencies have enabled the gaming world to reach more players worldwide by simplifying transactions between companies and gamers.

As recently as a few years ago, most people had never heard of an NFT. This year their trading volume is expected to reach USD 35 billion. This is a rapid development - yet another example of how fast technology can progress in the 21st century. But what exactly is a Non-Fungible Token and why does it create such excitement in the cryptocurrency world?

A preliminary injunction has been issued in a lawsuit filed by Emrah Karaca, the son of the legendary name of Anatolian rock music, late Cem Karaca, to stop the sale of his father's NFT portrait.

Sports, film and music stars have all flocked to the NFT market to buy pictures of apes, endorse corporate partners or even launch their own art collections.

Even as the crypto sector suffers a rout with sales and values plunging and scams proliferating, celebrities continue to sign up to the craze for so-called Non-Fungible Tokens.

The world's leading contemporary art fair has taken a futuristic turn this year, offering buyers the chance to see their sculptures placed on the moon.

Non-fungible tokens, or NFTs, were all the rage at the Art Basel fair in Switzerland, where the world of digital assets is taking off.

NFTs have been called everything from fads to outright scams, but early adopters see a future for them as uniquely useful tools for business, health and the arts that goes beyond mere digital collecting.

Canadian film-maker David Cronenberg has been shocking audiences for decades with his graphic "body horror" movies but he has now gone further by creating art from his own insides.

The director is auctioning an image of his recently removed kidney stones just in time for the release of his latest movie

An NFT of the first tweet ever posted on Twitter was struggling to attract bidders on April 14, with the highest offer so far just shy of $10,000, a year after it was bought for $2.9 million.

When digital artist Robbie Barrat handed out free NFT coupons at Christie's four years ago, most guests dumped them in the bin, not realizing they would soon be worth millions of dollars.

Barrat, then still in his teens, had been invited by the London auction house to talk about the rise of online art.

Senior officials from the Turkish Presidency and the Culture and Tourism Ministry have attended the first class on NFTs (Non-fungible token) at a Turkish university.

Ankara University became the first university in Turkey to add a course on NFTs on its curriculum.