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NFT News

What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well. 

In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such. 

Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.

Market Analysis
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.
Evolve or die: How smart contracts are shifting the crypto sector’s balance of power
Jordan Finneseth
2021-09-18T00:15:00+01:00
20061
News
World Wrestling Entertainment offered 500 gold tier packages with Cena's NFT for $1,000, but only a fraction of them sold.
John Cena calls his own NFT sales a 'catastrophic failure'
Turner Wright
2021-09-17T22:00:00+01:00
42949
News
The blockchain game developer is looking to improve cross-chain utilization of nonfungible token assets via its investment in Bondly.
NFT gaming company Animoca Brands acquires majority stake in Bondly
Osato Avan-Nomayo
2021-09-17T12:39:55+01:00
5926
Altcoin Watch
AVAX price soared to a record high as heavy inflows enter the protocol through its cross-chain bridge and institutional investors pledge $230 million in funding...
Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?
Jordan Finneseth
2021-09-17T02:24:28+01:00
12870
Sponsored
Snoop Dogg RIAA Certified Platinum Plaque NFT Drop by Tito Rodriguez takes a philanthropic stand and raises money for charity.
NFT’s for a better world: Music producer auctioning his personal Snoop Dogg Platinum plaque for a philanthropic stand
Sarah Jansen
2021-09-16T21:30:00+01:00
1563
News
“Looking back on this in one year, two year, three years from now it could be a monumentally dumb decision but it also could be a great decision,” said Dan Mark...
YouTuber trades Tesla Roadster for NFT
Turner Wright
2021-09-16T20:43:51+01:00
9669
Altcoin Watch
A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low.
3 reasons why REN price is up 340% from its July swing low
Jordan Finneseth
2021-09-16T19:49:45+01:00
11422
Sponsored
This DeFi ecosystem is disrupting e-commerce by leveraging DeFi protocols to build the next Amazon.
Modeled after Amazon, this platform is building the bridge between DeFi and e-commerce
Sarah Jansen
2021-09-16T13:30:00+01:00
19251

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