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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.

Altcoin Watch
An exchange listing and a foray into NFTs and play-to-earn gaming back GALA’s 270% rally to a new high.
Gala Games (GALA) rallies 265% shortly after Binance listing announcement
Jordan Finneseth
2021-09-13T20:35:00+01:00
21184
Sponsored
A new decentralized token platform strives to provide every person with access to the world of tokenization.
Platform strives to bring businesses and individuals the future of tokenization
Sarah Jansen
2021-09-13T20:22:00+01:00
1267
News
The market for nonfungible tokens, or NFTs, continues to grow, attracting mainstream influencers, leading artists and high-profile investors.
NFT company Recur reaches $333M valuation following Steve Cohen-backed fundraiser
Sam Bourgi
2021-09-13T17:57:31+01:00
3969
Altcoin Watch
The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure.
Tezos risks correction below record high with XTZ rallying 250% since July
Yashu Gola
2021-09-13T17:05:28+01:00
17666
News
The comic book publishing giants want to maintain sole control of their intellectual property in the NFT space.
Marvel and DC bar comic book artists from selling superhero NFTs
Osato Avan-Nomayo
2021-09-13T12:20:08+01:00
4908
Altcoin Watch
LUNA price rallied to a new high above $45 following the launch of the “Project Dawn” funding initiative and the upcoming Columbus-5 mainnet upgrade.
Project Dawn initiative and upcoming mainnet upgrade back LUNA’s new ATH
Jordan Finneseth
2021-09-11T22:02:37+01:00
10682
News
Cryptocurrency donations platform The Giving Block facilitated the contribution, which totaled nearly $221,000 in GUSD.
Trippy Bunny NFT donates 100% of mint proceeds to suicide prevention foundation
Sam Bourgi
2021-09-11T16:23:51+01:00
6304
Interview
Cointelegraph interviewed the founder of Chibi Dinos — an NFT project which raised over $2M — to discuss the potential of the NFT space.
NFT space is an exciting challenge to remain competitive, says Sean Kelly
Tom Farren
2021-09-11T15:45:17+01:00
4466

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