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Crypto art: The latest use of blockchain is grabbing lots of headlines

Crypto art: The latest use of blockchain is grabbing lots of headlines

What on earth is crypto art?

Crypto art is an emerging, but still extremely niche, segment of the digital art market which allows buyers to "own" a distinct piece of media such as an image or video, that is authenticated by blockchain to be unique. Last month on SuperRare, which is one of a few marketplaces where you can buy and sell crypto art, 1900 pieces of digital artwork were sold — a record high for the platform.

The authentication process is technically done by something called a non-fungible token (NFT). An NFT authenticates that a certain piece of media or art is the original, authentic version — no matter how many times it is copied or replicated across the internet.

A number of digital artworks have already hit the headlines:

We won't be buying any crypto art soon, but if someone would like to purchase a blockchain authenticated collection of all of our charts for $6m, please get in touch.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.