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<ul class="summary-list"><li>Someone bought a CryptoPunk NFT for 4,500 ETH, or about $16 million.</li><li>It's the second-most expensive CryptoPunk NFT sale ever by dollar amount. </li></ul>Remember NFTs? Someone just bought one for roughly $16 million. A bidder paid 4,500<a href="https://markets.businessinsider.com/currencies/eth-usd"> ether</a> for<a href="https://opensea.io/assets/ethereum/0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb/3100" target="_blank" rel="noopener"> CryptoPunk #3100</a>, one of the series' nine "Alien Punks" non-fungible tokens. On Monday, the price of ether hovered at about $3,556 per token, which makes the March 4 sale the second-most expensive CryptoPunk sale.The series of 10,000 algorithmically generated characters was a fixture of the NFT boom of the pandemic era. An NFT is a digital item that's tied to the blockchain and holds a unique signature that can't be duplicated. The buyer of CryptoPunk #3100 bested another bid at 4,250 ether, or about $14.5 million, which was placed on March 1, according to the listing on OpenSea, an NFT marketplace. A number of other CryptoPunk NFTs have recently sold for around 60 ether, or more than $200,000, and total trading volume for the collection hit $8.25 million last week, according to an analysis from<a href="https://www.theblock.co/post/279896/second-most-expensive-cryptopunk-ever-sells-for-4500-eth-worth-over-16-million" target="_blank" rel="noopener"> The Block</a>.The latest big sale is a throwback to the heyday of the peak of the digital collectibles market. At one point, the<a href="https://www.businessinsider.com/non-fungible-tokens-nfts-have-taken-over-heres-why-theyre-important-2021-4?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;_gl=1*al6wbf*_ga*MjA5NTAyMzYyOS4xNjYyNDcwMDc5*_ga_E21CV80ZCZ*MTcwOTU2MjU0NS4xNzA1LjEuMTcwOTU3MTA5Ny41Ny4wLjA."> NFT market</a> saw about $2.8 billion in monthly trading volume, and collections like CryptoPunks and Bored Apes regularly sold for millions of dollars to celebrities, including Snoop Dogg and Stephen Curry. A study from September said<a href="https://markets.businessinsider.com/news/currencies/nft-market-crypto-digital-assets-investors-messari-mainnet-currency-tokens-2023-9"> 95% of the NFT market may be worthless.</a>Yet, crypto risk appetite is on the rise again. This month's $16 million NFT sale comes alongside a fresh rally toward all-time highs of $69,000 for bitcoin. The token is close to reclaiming a price level last seen when rates were near zero, as the demand from bitcoin ETFs and the upcoming halving event eclipse worries about higher-for-longer interest rates. Ether has climbed 51% year-to-date, tracking<a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-today-crypto-btc-rally-bull-etf-wall-street-2024-2?_gl=1*1fs2dyq*_ga*MjA5NTAyMzYyOS4xNjYyNDcwMDc5*_ga_E21CV80ZCZ*MTcwOTU2MjU0NS4xNzA1LjEuMTcwOTU3MTM1MS41OC4wLjA."> bitcoin's 50.6% gain</a>.

Thought NFTs were dead? A piece of pixelated art just sold for $16 million.

<ul class="summary-list"><li>CryptoPunks <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> 5822, one of only nine alien Punks, sold for 8,000 ether worth $23.7 million on Saturday.</li><li>It set a new sales record at double the $11.8 million price for a CryptoPunks NFT last June.</li></ul>A rare CryptoPunks NFT sold for an all-time high of almost $24 million at the weekend, double the price of the previous record-holder, as the digital assets continue to pull in buyers.CryptoPunks NFT 5822, one of only nine alien Punks, sold for 8,000 ether worth $23.7 million on Saturday, according to <a href="https://www.larvalabs.com/cryptopunks/details/5822">data from Larva Labs</a>. The last time it changed hands was in July 2017, when it went for $1,646.CryptoPunks NFTs — or non-fungible tokens — have been around since 2017, meaning they predate most other NFT collections. Many of the Larva Labs-developed pixelated avatars have sold for <a href="https://www.businessinsider.com/cryptopunks-pixelated-avatars-that-millionaires-buy-nft-2021-7">millions of dollars</a> over the last few years.The previous record for a CryptoPunks NFT was set at a Sotheby's auction last June, when DraftKings investor Shalom Meckenzie <a href="https://markets.businessinsider.com/currencies/news/cryptopunk-nft-covid-alien-draftkings-sothebys-auction-fungible-token-2021-6-1030513788">purchased the "Covid Alien" Punk 7523 for $11.8 million</a>. However, the biggest on-chain sale was for Punk 4156 in December, which went for $10.26 million on the Larva Labs marketplace.Deepak Thapliyal, CEO of <keyword id="11902216" type="UNKNOWN" weightage="60" keywordseo="blockchain" source="Orion">blockchain</keyword> tech company Chain.com, <a href="https://twitter.com/dt_chain/status/1492602639506362373?s=20&amp;t=02pQVLhtD9mL5gjN5WiqXg">revealed on Twitter</a> that he was the most recent buyer. He said he had used DeFi financing through <keyword id="13173503" type="UNKNOWN" weightage="60" keywordseo="compound-finance" source="Orion">Compound Finance</keyword> for the purchase — a sign he was long ether and still able to hold the cryptocurrency, he said.Last year, some NFT owners began using <a href="https://markets.businessinsider.com/news/currencies/cryptopunks-nft-sells-over-500-million-void-larva-labs-ethereum-2021-10">ethereum-based "flash" loans to borrow crypto</a> to make a purchase, paying themselves back immediately in the same transaction. One CryptoPunks NFT purchased this way went for more than $532 million, prompting Larva Labs to say it would filter out alerts for such transactions in the future.The most expensive legitimate sale of an NFT came in 2021, when Sotheby's auctioned a Beeple piece for <a href="https://www.businessinsider.com/art-auction-nft-beeple-top-selling-most-expensive-sale-millions-2021-3">$69 million</a>, kicking off the NFT craze in the mainstream.NFT sales surged throughout 2021 after that sale in March. In August, <a href="https://markets.businessinsider.com/news/currencies/nft-opensea-digital-art-bitcoin-cardano-ethereum-meme-crypto-2021-09">NFT sales volume</a> reached $3 billion for the month. At the time, analysts saw this as evidence of speculative retail investors shifting out of <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword> and meme stocks into the digital assets.However, January saw a resurgence. NFT sales reached a new all-time high of $7 billion for the month, even though cryptocurrency prices slumped in January.

A rare CryptoPunks alien avatar NFT sells for an all-time high of almost $24 million, double the previous Punks record

<div class="KonaFilter image-container float_right click-to-enlarge"><div class="image"><a title_source="AP Photo/C.F. Tham, file" title_caption="Michael Jackson has three music videos on the list." class="zoomin" href="http://static6.businessinsider.com/image/52d6f5a569bedd8f569c1523-960/michael-jackson-dangerous.jpg"></a>AP Photo/C.F. Tham, fileMichael Jackson has three music videos on the list.</div></div>When Beyoncé released her self-titled <a href="http://www.businessinsider.com/beyonce-album-2013-12" target="_blank">visual album</a> last month- a stunning array of 14 new songs and <a href="http://www.businessinsider.com/beyoncs-17-new-music-videos-watch-2013-12" target="_blank">17 music videos</a> - it was explained as "<a href="http://www.rollingstone.com/music/news/beyonce-surprises-with-new-album-release-20131213" target="_blank">a non-linear journey through the thoughts and visions of Beyoncé</a>."
It was quite simply, an experience, and since the early 1980s when MTV launched, the music video has continued to be just that - a new platform for artists' products, a revolutionary form of marketing, and a chance for listeners to have the total music experience.
Throughout the ages we've seen musicians try anything and everything in their videos - ferocious animals, death-defying heights, and crazy outfits - all in the name of innovation.
While some artists, like David Bowie, who <a href="http://www.businessinsider.com/david-bowies-love-is-lost-music-video-cost-just-13-2013-10" target="_blank">spent $12.99</a> on his 2013 video for "Love Is Lost," choose a savvier home video route, others, like Michael Jackson and Madonna, spend millions of dollars and weeks of production on their work.
Think you know what music videos broke the bank? See which <a href="http://www.vh1.com/music/tuner/2013-09-26/25-most-expensive-music-videos/" target="_blank">music videos cost</a> the most to make.

The Most Expensive Music Videos Of All Time

Today we learned that Harold Hamm, the billionaire oil tycoon behind Continental Resources, <a href="http://www.businessinsider.com/harold-hamms-expensive-divorce-2013-3">could be headed for the most expensive divorce ever</a>.
Hamm is splitting with his second wife, Sue Ann Hamm, after he allegedly had an affair.
If the couple doesn't have a <keyword id="1750372" type="UNKNOWN" weightage="60" keywordseo="Prenup">prenup</keyword> — and it's not known if they do — she could wind up with half of his 68 percent stake in the company, currently worth $11.2 billion, <a href="http://www.reuters.com/article/2013/03/21/us-hamm-billionaire-divorce-idUSBRE92K10E20130321">according to Reuters</a>.
That could put Hamm ahead of Rupert Murdoch, who paid a record $1.7 billion in his <keyword id="6355810" type="COMPANY" weightage="60" keywordseo="Divorce">divorce</keyword> settlement with ex-wife Anna.
They aren't the only uber-wealthy figures who have paid out massive divorce settlements.

The 17 Most Expensive Divorces Of All Time

<div class="KonaFilter image-container no-rightrail"><div class="image on-image">Volvo</div></div>With a starting price of $104,900, the Volvo XC90 T8 Excellence is the most expensive car the company has put into production. It's also the first time Volvo has crossed to the $100,000 mark on any of its production cars.Most significantly, the XC90 Excellence is Volvo's clearest signal that it sees itself as a full-fledged luxury brand.Volvo's new-found luxury tilt veers from the brand's traditional image as an inconspicuous, safe and reliable option for the everyday commute.In recent years, Volvo has steadily moved from the near-luxury space into full-on luxury. As a result, the Swedish brand will how have to contend against luxury stalwarts from Mercedes, Audi, Lexus, Jaguar, and Land Rover.Instead of more pragmatic buyers, Volvo's stylish, luxury minded offerings gives the brand access to a whole new segment of customers."The Volvo XC90 Excellence is a fantastic expanded version of Volvo's idea of luxury. It brings together fantastic materials, uncompromising safety and performance into an amazing package," Volvo Cars USA president and CEO Lex Kerssemakers said in a statement. "This car exposes Volvo to a new type of buyer."Last year at the Shanghai auto show, Volvo introduced the concept version of the Excellence Interior and made the brand one of the hot topics of discussion at the show.Now, Volvo has turned the concept into a production car.

The most expensive Volvo of all time is here

The world's most expensive cities to live in 2022

<a href="https://www.flickr.com/photos/itupictures/3909434046/in/photolist-6XsSxh-82uEMC-7WNswi-6eWurW-egzatZ-oeeqeQ-hZgiJy-eqFStg-cDF3uu-chfgLq-cD14M5-hXwSGr-cDF34w-sgZP3M-rmczpn-rUNaCF-rFWkuB-cCZF2U-r7Sy2x-cCZXnW-fp1ys6-fpfMvo-ehNUwp-rp4BeT-exPLBe-rjyyKV-7SjuS3-rGzQ1Q-s9Xw4r-dPRquJ-rNH52v-rDjZ7X-7AZ5sB-s9UmFv-fvycH2-unFpfQ-rDdaDd-fpfQRA-9tbGFw-c7VUaw-vqNHqC-fpfMJf-tQKUCJ-rCSX8z-fp1yfB-9tHb33-fpfM7j-c7VVEC-cDF1Lw-s9UppM">ITU Pictures/Flickr</a> Swiss cities like Geneva (pictured) dominated the top of the ranking. ECA International has released its annual Cost of Living report, revealing the <keyword id="182415" type="PERSON" weightage="20" keywordseo="most-expensive">most expensive</keyword> cities in the world to live in. In order to produce the list, the business management consultancy compared the costs of a basket of day-to-day goods and services commonly purchased by expats in various countries, including groceries, household and recreational goods, leisure, clothing, meals out, as well as alcohol and tobacco, among other items. European cities dominated the top of the ranking, with almost a third of the top 100 cities being located in the continent. Meanwhile, only three US cities placed in the top 50 - and a surprise winner took the top spot. Scroll down to see the 18 most expensive cities to live in the world, ranked in ascending order.

The 18 most expensive cities to live in the world

<ul><li>Robert E Mnuchin, father of Treasury Secretary Steven Mnuchin, made a bid of $91.1 million to buy the Rabbit, a steel sculpture. </li><li>A rare matte white Himalaya Niloticus Crocodile Birkin 30 with 18-carat white gold and diamond hardware was sold for HK$2 million. </li><li>The 1972 Nike Waffle Racing Flat ‘Moon Shoe’ became the world’s most expensive pair of sneakers ever sold at an auction after they were sold for $437,500. </li></ul>The rich and the wealthy live a fairytale life and that includes purchasing exotic items. Last year, the world’s ultra-rich bought a glimmering array of ultra-expensive sculptures; world’s most expensive sneakers, collectible handbags, vintage liquor and of course — rare cars. The Knight Frank’s Wealth Report listed down all the eye-catching auctions sales of 2019. <div type="Slideshow" msid="74491132" hostid="261" title="Diamond-studded handbags and Pink Floyd guitars — here’s what the world’s super rich are buying at auctions" firstImageMsid="74491338" slideCount="13"></div>

Diamond-studded handbags and Pink Floyd guitars — here’s what the world’s super rich are buying at auctions

<ul class="summary-list"><li>The "<keyword id="1990795" type="PERSON" weightage="60" keywordseo="doge">Doge</keyword>" meme, which emerged online in 2013, sold as a nonfungible token (<keyword id="4668945" type="PERSON" weightage="60" keywordseo="nft">NFT</keyword>) on Friday.</li><li>The $4 million sale marks the highest bid for an NFT meme thus far. </li><li>"Doge" joins the ranks of other viral videos and <keyword id="1605152" type="PERSON" weightage="60" keywordseo="Memes">memes</keyword> to earn their creators money via NFT sales.</li></ul>The iconic "Doge" meme smashed the record for the most expensive meme nonfungible token (NFT), selling at <keyword id="1639" type="ORGANIZATION" weightage="60" keywordseo="Auction">auction</keyword> on Friday for more than $4 million.The sale of the famed image of an excited Shiba Inu was <a href="https://www.nbcnews.com/pop-culture/pop-culture-news/iconic-doge-meme-nft-breaks-records-selling-roughly-4-million-n1270161">first reported by NBC News.</a> Friday's sale made "Doge" the highest-earning NFT meme of all time, NBC <keyword id="6355005" type="UNKNOWN" weightage="60" keywordseo="news">News</keyword> reported. The meme was put up for <a href="https://zora.co/0x337071a7e907f5a599747a2c9baf6efdf7eb4bcc/3366">auction on Tuesday on the auction site Zora</a>, and the winner, @pleasrdao, was named on Friday with a bid of 1,696.9 Ethereum cryptocurrency, which is worth about $4 million.The meme was sold by Atsuko Sato, the owner of the eponymous "Doge.""Doge" emerged online in 2013 as a meme using overlaid Comic Sans text to describe the dog's fictional inner monologue. It quickly became one of the internet's most ubiquitous images, with others sharing the meme with their own spins on the dog's internal monologue.Text used over the "Doge" meme typically <a href="https://the-toast.net/2014/02/06/linguist-explains-grammar-doge-wow/">uses an improper modification structure,</a> crafting phrases like "much hungry" or "very NFT."After the meme became popular in 2013, two software engineers created a cryptocurrency called Dogecoin as a joke in the meme's honor. But, <a href="https://www.barrons.com/articles/dogecoin-started-as-a-joke-now-its-too-important-to-laugh-off-51620229273">as Barron's reported in May</a> of this year, the crypto is "too important to laugh off." "Doge" joins the ranks of several other memes and viral videos whose creators have cashed in on fame through NFT sales.In April, the <a href="https://www.insider.com/disaster-girl-made-half-million-selling-her-meme-as-nft-2021-4">"Disaster Girl" meme</a>, a 2005 photo that became one of the most famous memes on the early internet, was sold as an NFT for nearly half a million dollars. <a href="https://www.businessinsider.com/ethereum-nft-meme-art-nyan-cat-sells-for-300-eth-2021-2">The Nyan cat gif was sold as an NFT</a> for close to $600,000 in February. Other viral images like <a href="https://www.businessinsider.com/bad-luck-brian-meme-nft-crypto-art-blockchain-ethereum-foundation-2021-3">"Bad Luck Brian"</a> have sold for tens of thousands of dollars. NFT sales are helping some online creators finally earn additional money off of their famous content. The creator of the "David After Dentist" YouTube video from 2009, which depicts a boy experiencing the side effects of medication after a dental procedure, <a href="https://www.businessinsider.com/nft-david-after-dentist-viral-youtube-video-sold-2021-5">told Insider he would use the money</a> from that video's NFT sale to help finish paying off his two sons' college tuitions. Chris Crocker, an entertainer whose famous 2007 "Leave Britney Alone" video sold for over $41,000 in April to an anonymous buyer, <a href="https://www.businessinsider.com/chris-crocker-leave-britney-alone-video-youtube-nft-free-britney-2021-4">told Insider in a previous interview</a> that the video, which defined his online persona, made him no money at all. "I didn't really get anything from [the video] other than to be put in a box for the next 14 years," Crocker told Insider.

Famed 'Doge' meme NFT sells for record-breaking $4 million at auction

<ul class="summary-list"><li>There are many new terms and acronyms that have developed around <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> and <keyword id="11901075" type="UNKNOWN" weightage="60" keywordseo="nfts" source="Orion">NFTs</keyword>. </li><li>For example, a PFP project is a profile picture project like Bored Ape Yacht Club. HODL means not selling.</li></ul>If you're inexperienced with NFTS, some terms may be confusing.I'm a full-time YouTuber focused on demystifying all things Web3, but when I was first learning about the Web3 space, it seemed like people were speaking a different language.Sharding? Rugpull? WAGMI? The jargon was a lot to absorb.So after scouring the internet for hours looking for answers, I pulled together a list of Web3 definitions so that even the most tech-averse folks can understand.<h2>Here are 50 terms you should know </h2><ol><li>Airdrop: To send someone free crypto things such as NFTs or tokens. This has nothing to do with Apple's airdrop feature. Sometimes airdropping gives NFT holders something special. But usually airdropping is for giveaways or a sketchy marketing tactic. </li><li>Alpha: This is another term for "insider information." If someone has "alpha," they have information the rest of the market hasn't found out about yet. </li><li>Ape in: To invest a lot of money into a new cryptocurrency or NFT project without doing the proper research first. It comes from the "apes together strong" meme. </li><li>Bearish: The belief that a project is going to lose value over time. </li><li>Blockchain: A type of database. Information is stored in groups (blocks) that can't be changed after they're created. The entire group of groups (chain of blocks = blockchain) is copied across many different computers so the data is public and safe.</li><li>Blue chip: As close to a "reliable" investment as you can get in the NFT space. These NFT projects are well-known and generally perceived as having a high value. Bored Ape Yacht Club, CryptoPunks, World of Women are considered bluechips. </li><li>Bullish: The belief that a project is going to gain value over time. </li><li>Coinbase: A popular platform to buy and sell crypto. </li><li>Crypto wallet: A place (app or physical item) where you can keep your crypto holdings (NFTs, Ethereum, etc.) A wallet is necessary to buy things (NFTs) with crypto. Some popular wallets are Coinbase Wallet and MetaMask.</li><li>Crypto wallet address: A public address you can give people so they can send crypto/NFTs to you. Usually it's a long alphanumeric string, but you can also purchase a shorter domain name if you want. For example, mine is aprilynne.eth. </li><li>Decentralized: Power is spread across many people instead of a through a single person. </li><li><keyword id="12561214" type="UNKNOWN" weightage="60" keywordseo="dao" source="Orion">DAO</keyword>: Short for "decentralized autonomous organization." This group's members votes are automatically tallied and used to decide on things. Sometimes actions are automatically taken. The code for all automatic actions are publicly available so everyone can make sure things are run correctly. </li><li>DAPP: Short for "decentralized application," it's an app built on the blockchain. Instead of data being collected/manipulated/sold by Big Brother (*cough, cough, Meta*), all data is stored publicly on the blockchain. </li><li>DEFI: Short for "decentralized finance." It basically means banking but without the fees/approvals for transactions and loans. You can lend, trade, and borrow crypto through public code that automatically stores/verifies transactions. </li><li>Diamond hands: Holding onto a high-risk NFT despite the pressure to sell. Sometimes people use this as justification when an NFT of theirs starts dropping in value. It originates from "diamonds are created under pressure."</li><li>Doxxed: When the true identities of a team behind an NFT project are revealed. Usually used to build credibility in a project.</li><li>Drop: The initial launch of a new collection or project.</li><li>DYOR: Short for "do your own research." This is a disclaimer, and honestly pretty good advice,often added to the end of an opinion on an NFT project. Its pronounced like Dior the brand. </li><li>DOT ETH (.eth): A personal crypto wallet address someone can purchase. For example, my Ethereum wallet address is aprilynne.eth. </li><li>Ethereum: A popular blockchain used for NFTs often criticized for its slow, expensive transactions. Also home of Ether (ETH), the second most popular cryptocurrency. </li><li>Flip: Buying an NFT and selling it quickly rather than holding it with the intent to try to make immediate profits. It's a pretty common yet risky strategy. </li><li>Floor: The NFTs at the floor price of a collection. </li><li>Floor price: The lowest market price for NFTs within a collection. Often used as a rule-of-thumb measure of the value of an NFT project. </li><li>Floor sweep: When someone buys all of the NFTs of a collection at the floor price. Buyers can do this because they believe in the project. Sellers can do this to artificially inflate the floor price of the NFT collection. </li><li>FOMO: Short for "fear of missing out." It's an emotional factor that drives someone to irrationally buy into a project. </li><li>FUD: Short for "fear, uncertainty, doubt" and is used to express concerns about the legitimacy/value of an NFT project. For example, someone can come into an NFT Discord server and spread FUD.</li><li>Gas fee: Basically a transaction fee for crypto (Ethereum) transactions. The busier the Ethereum network, the more expensive the gas fee. This is one of the most complained-about feature of the Ethereum network. </li><li>GM: Short for "good morning," it's a popular greeting on NFT Twitter. It signals that someone is online. </li><li>HODL: A misspelling of "hold" that caught on and earned the acronym "hold on (for) dear life." The term signals that someone is not selling, despite potential volatility and uncertainty. </li><li>LFG: Short for "let's fucking go." Usually used to hype up an NFT project. </li><li>Marketplace: A platform for buying and selling NFTs. Popular NFT marketplaces include OpenSea, Rarible, and Magic Eden. </li><li>MetaMask: A popular crypto wallet. MetaMask has a logo that looks like a fox. </li><li>Metaverse: A virtual world where you have an avatar and you can buy things, play games, and even build businesses. Many different companies (*cough, cough, Meta*) are trying to make a metaverse that "wins" and will become mainstream. </li><li>Minting: Taking a digital asset and putting it onto the blockchain to create an NFT. </li><li>Mooning: Describes the trend when numbers go up. It means growing in price very quickly. </li><li>NGMI: Short for "not gonna make it." It's used to roast people and projects that won't last long in the NFT space. </li><li>OpenSea: A popular NFT marketplace. Currently only supporting NFTs on the Etherium and Polygon blockchains.</li><li>Paper hands: Selling NFTs under pressure. Usually used by "diamond hands" as a roast against people who actually sell. </li><li>PFP project: Short for "profile picture project." These are collections launched with the intent of being avatars that people can use as their Twitter profile picture to flex ownership. </li><li>Polygon: A blockchain used for NFTs that's popular for its lack of gas fees. Technically built on top of Ethereum. </li><li>Pump and dump: A nefarious scheme to artificially "pump" (drive up) the price of an NFT project before selling everything at once, effectively "dumping" the price while making a profit. </li><li>P2E: Short for "pay to earn." You get paid in crypto/NFTs for playing certain kinds of games.</li><li>Road map: A public general plan for an NFT project. Usually gives insight into the timeline and the <keyword id="12326608" type="UNKNOWN" weightage="60" keywordseo="utility" source="Orion">utility</keyword> of the project. </li><li>Rugpull: An NFT project gone wrong. People lie about an NFT project in order to lure others into buying in. Once they've collected the money, they abandon the project, leave with the cash, and everyone is left sad and broke. </li><li>Sharding: Breaking down a single NFT into smaller pieces, or shards so a group of people can buy and own an NFT that is otherwise too expensive to be bought in its entirety. </li><li>Solana: A popular blockchain for NFTs known for its cheap, fast transactions. </li><li>Smart contract: Public code attached to an NFT that runs by itself. Usually how the utility of an NFT is enforced. Useful because you don't have to trust the individual behind a project — you just need to trust the code that you can see and verify yourself.</li><li>Staking: A way to earn passive income by locking up your NFTs on the blockchain for a period of time. You can earn rewards for this in the form of crypto. </li><li>To the moon: A celebratory term used when prices of an NFT project are going up and up. </li><li>Utility: Underlying value of an NFT. Utility is the perks, products, services, benefits, or rights associated with owning an NFT. For example, some NFTS come with 30% off of future products, membership to a private fund, access to an online course, access to private events, or copyright rights to a brand.</li></ol>Aprilynne Alter is an NFT YouTuber and startup founder.

50 cryptocurrency and NFT terms you need to know

<ul class="summary-list"><li><keyword id="24691" type="PERSON" weightage="60" keywordseo="snoop-dogg">Snoop Dogg</keyword> and <keyword id="107512" type="PERSON" weightage="60" keywordseo="Lionel-Richie">Lionel Richie</keyword> have signed up to produce <keyword id="902592" type="PERSON" weightage="60" keywordseo="NFTS">NFTs</keyword> for <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">Crypto</keyword>.com's new marketplace.</li><li>It is the latest sign of the craze for non-fungible tokens, a form of digital collectors' item.</li><li>Earlier this month, Beeple sold an NFT artwork for $69 million.</li></ul>Snoop Dogg, Lionel Richie and Boy George are moving into the world of non-fungible tokens, having signed up to produce work for cryptocurrency exchange Crypto.com's new NFT marketplace.It is the latest example of the craze for the crypto technology, following the sale of a <a href="https://www.businessinsider.com/beeple-nft-mike-winkelmann-digital-art-christies-2021-3">$69 million NFT artwork</a> earlier in March and the popularity of the NBA's <a href="https://www.businessinsider.com/nba-top-shot-virtual-highlights-for-sale-moments-blockchain-explained-2021-2">Top Shot token market</a>.Crypto.com - a cryptocurrency exchange with more than 10 million global users - will launch an NFT platform on Friday as it seeks to capitalize on the trend, the company <a href="https://blog.crypto.com/crypto-com-nft/">said</a> on Tuesday.It will feature sports, art and music NFTs from the likes of the <a href="https://www.businessinsider.com/cryptocom-sponsors-aston-martin-f1-formula-one-cryptocurrencies-bitcoin-2021-3">Aston Martin Cognizant Formula One</a> racing team, online artist BossLogic, and TikTok sea shanty star Nathan Evans.Lionel Richie - one of the best selling music artists of all time - will team up with digital artist Klarens Malluta to produce an NFT for cryptocurrency exchange's invite-only platform.In a statement released by Crypto.com, Richie said he is "looking forward to collaborating with [Malluta] on a digital piece and with a little 'All Night Long' in this new medium."Snoop Dogg, who has previously tweeted enthusiastically <a href="https://markets.businessinsider.com/currencies/news/dogecoin-price-surges-tweets-from-elon-musk-snoop-dogg-cryptocurrency-2021-2-1030055654">about meme cryptocurrency Dogecoin</a>, will also produce work for the platform. UK 1980's pop icon Boy George will also create content for the platform, saying: "Digital art is a new emotion."<a href="https://www.businessinsider.com/what-does-nft-mean-crytpo-non-fungible-tokens-art-explained-2021-2#:~:text=Non%2Dfungible%20tokens%20account%20for,of%20Insider%20for%20more%20stories.">Non-fungible tokens, or NFTs</a>, are a special class of <keyword id="135689" type="PERSON" weightage="60" keywordseo="digital-assets">digital assets</keyword> that cannot be exchanged with one another for equal value, or broken down into smaller bits. They often operate as a type of collectors' item and cannot be duplicated.They are the hottest new thing in the crypto world, and grabbed global attention earlier in March, when digital artist Beeple sold an NFT for $69 million, making him one of the three most expensive living artists.Crypto.com said it is trying to create "the most user-friendly NFT-buying experience.""At launch users will have the option to 1-click buy using their credit or debit card. Any collector, or fan, will be able to acquire, trade, and resell NFTs through the platform, regardless of whether or not they are a Crypto.com user."

Snoop Dogg and Lionel Richie jump in on NFT craze as Crypto.com launches a token marketplace

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Volvo</div></div></div>With a starting price of $104,900, the Volvo XC90 T8 Excellence is the most expensive car the company has put into production. It's also the first time Volvo has crossed to the $100,000 mark on any of its production cars. Most significant, the XC90 Excellence is Volvo's clearest signal that it sees itself as a full-fledged luxury brand.Volvo's new-found luxury tilt veers from the brand's traditional image as an inconspicuous, safe, and reliable option for the everyday commute. In recent years, Volvo has steadily moved from the near-luxury space into full-on luxury. As a result, the Swedish brand will how have to contend against stalwarts from Mercedes, Audi, Lexus, Jaguar, and Land Rover. Instead of more pragmatic buyers, Volvo's stylish-minded offerings gives the brand access to a whole new group of customers."The Volvo XC90 Excellence is a fantastic expanded version of Volvo's idea of luxury. It brings together fantastic materials, uncompromising safety and performance into an amazing package," Volvo's Lex Kerssemakers said in a statement. "This car exposes Volvo to a new type of buyer." Last year, at the Shanghai auto show, Volvo introduced the concept version of the Excellence Interior and made the brand one of the hot topics of discussion.Now, Volvo has turned the concept into a production car.

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