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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.

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
Altcoin Watch
An expanding ecosystem and the full launch of Elrond’s DeFi capabilities back EGLD’s rally above $300.
Three reasons why the price of Elrond (EGLD) is hitting new daily highs
Jordan Finneseth
2021-09-15T01:00:00+01:00
14108
News
They decay! They grow back! They transform with the passage of time (sometimes into zombies!) Koii Network’s new NFT standard introduces a host of fresh possibi...
NFT potential takes quantum leap with Koii Network’s new Dynamic NFT standard
Jeffrey Albus
2021-09-14T18:01:32+01:00
8130
Markets News
The drop came in sync with the overall crypto market decline in recent sessions.
CryptoPunks floor price slips below 80 ETH as NFT trading volume deflates by 50%
Yashu Gola
2021-09-14T16:16:35+01:00
7889
News
The search engine giant becomes the latest company to support blockchain development in the emerging areas of NFTs and gaming.
Google partners with NFT leader Dapper Labs to support Flow blockchain
Sam Bourgi
2021-09-14T16:15:48+01:00
22688
News
The NFT protocol has now raised a total of $77.5 million across two funding rounds.
Immutable raises $60M for its carbon-conscious NFT platform
Tom Farren
2021-09-14T15:00:00+01:00
7249
Explained
Ethereum is a DeFi’s darling, but it’s not as perfect as it seems.
Why Ethereum needs better compatibility, explained
Chris Jones
2021-09-14T13:55:00+01:00
Sponsored
This blockchain-focused healthcare company says big changes are required to bring patient care into the 21st century.
Why NFTs, crypto and blockchain can help e-health thrive
Chris Jones
2021-09-14T00:00:00+01:00
1933

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