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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.

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
News
Nafty has launched an erotic-themed NFT marketplace, while DeviantArt is tracking down art theft on NFT marketplaces, and the Rugby League World Cup is dropping...
Nifty News: Nafty launches naughty NFT site, Dutch DJ pushes limits of physical NFTs
Brian Quarmby
2021-09-16T06:45:19+01:00
6670
News
SolBlocks admits that while they did pirate the code, their NFTs are not copies of Tyler Hobbs’ “Fidenza” collection.
Fidenza artist slams knock-off NFT project from ‘honest pirates’ on Solana
Brian Quarmby
2021-09-16T04:53:33+01:00
7281
Altcoin Watch
New partnerships, NFT integration and a market-wide surge in altcoin prices back HBAR’s recent 150% rally.
Hedera Hashgraph rallies 150% in a week as its ecosystem expands
Jordan Finneseth
2021-09-16T01:55:36+01:00
13733
Sponsored
The metaverse, a virtual environment of digital experience and a world of limitless opportunity, is closer than ever before as a result of the rise in play-to-e...
Play-to-earn: How one MOBA and Battle Royale Game is removing barriers and testing player strategy
Sarah Jansen
2021-09-15T23:00:00+01:00
8918
News
Allegations of NFT insider trading have been confirmed by OpenSea, which issued a statement about its head of product lead.
OpenSea exec used the platform’s influence to pump his own NFTs
Sam Bourgi
2021-09-15T17:04:31+01:00
5963
Analysis
Why do classic NFTs from 2017 continue to trade for high prices, and will new projects be as successful, even if NFTs lose value over time?
The ongoing NFT boom: Can supply of nonfungibles outweigh demand?
Rachel Wolfson
2021-09-15T14:14:00+01:00
4077
News
Apple has barred Gnosis Safe from applying an app update unless the firm provides access to NFTs as an in-app purchase.
Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs
Brian Quarmby
2021-09-15T03:17:56+01:00
4530

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