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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
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
News
People on Twitter were accusing Pranksy of wash-trading a CryptoPunk NFT, Dolce & Gabbana is auctioning luxury NFTs to “approved bidders,” and FTX was spammed w...
Nifty News: Dolce & Gabbana’s historic NFTs, ‘26 minute’ CryptoPunk flip, FTX spammed
Brian Quarmby
2021-09-07T06:13:24+01:00
13359
News
The NFL has reportedly restricted cryptocurrency and NFTs until the league establishes a strategy “for sports digital trading cards and art.”
NFL reportedly bans teams from crypto advertisements and NFT sales
Arijit Sarkar
2021-09-06T12:36:17+01:00
11219
News
Crypto exchange FTX has introduced a native NFT marketplace designed to capitalize on the sector’s parabolic growth over the last year.
Crypto exchange FTX launches NFT marketplace for US-based customers
Tom Farren
2021-09-06T12:04:36+01:00
7708
Opinion
New industries create attractive employment opportunities for women, and the Metaverse falls squarely into that category.
New industry, new rules: Building the Metaverse without bias
Guest Authors
2021-09-04T07:59:52+01:00
6529
Market Analysis
Timing the market is near impossible, but these five metrics can help traders identify when a sector rotation is underway.
Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi
Jordan Finneseth
2021-09-03T23:00:00+01:00
26342
News
The series follows the exploits of a team of creatures attempting to get startup projects off the ground and will feature 1inch as a plot point in the first sea...
1inch Network sponsors crypto-themed animated NFT series
Turner Wright
2021-09-03T17:30:00+01:00
6103
Altcoin Watch
The SOL price rally also appeared in the wake of “Ignition,” a global hackathon to build new platforms on the Solana blockchain.
Solana extends rally with another new high — Why is SOL price up by 70% in one week?
Yashu Gola
2021-09-03T13:06:33+01:00
49705

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