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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
This week’s market-wide correction lead to a sharp decline in NFT sales as decreased demand for digital collectibles led to a drop in the floor price of most ma...
NFT sales and floor prices plummet as demand wanes and gas prices soar
Jordan Finneseth
2021-09-09T17:26:40+01:00
8329
Newsletter
With significantly lower transaction costs and faster transaction speeds, could Solana be the most dreaded Ethereum killer?
Cointelegraph Consulting: Is Solana an ‘Ethereum killer?’
Cointelegraph Consulting
2021-09-09T14:47:00+01:00
37144
Altcoin Watch
The sixth-largest cryptocurrency by market cap remains one of the best performers despite the overall crypto market losing more than $200 billion.
Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’
Yashu Gola
2021-09-09T12:00:00+01:00
54409
News
“We always see corrections when we get to all-time highs. I think it’s a natural part of the cycle,” said Kraken Australia CEO Jonathon Miller.
Kraken Australia CEO talks the August market report and BTC price slump
Samuel Haig
2021-09-08T08:40:35+01:00
9592
News
The NBA star tweeted a public call-out to the crypto twitter community to help further his education in the space.
NBA star Steph Curry asks Twitter for crypto advice
Tom Farren
2021-09-07T18:43:46+01:00
6172
News
Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance.
Russian State Hermitage raises $440K via Binance NFT auction
Helen Partz
2021-09-07T15:30:00+01:00
6387
Altcoin Watch
The latest bout of buying has pushed SOL/USD’s quarter-to-date gains up by more than 450%.
SOL price nears $200 after FTX’s Solana-enabled NFT marketplace goes live
Yashu Gola
2021-09-07T12:00:00+01:00
22740
Sponsored
An intergalactic war has broken out, and so the story of SIDUS, a space hero-themed NFT collection unfolds.
A gaming DAO metaverse and yield farm come together in this recently launched NFT collection
Sarah Jansen
2021-09-07T11:09:00+01:00
11005

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