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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.

Analysis
Apart from creating their own digital collectibles, major brands are also acquiring popular NFTs amid the growing popularity of nonfungible tokens.
Corporate brands target NFTs, and adoption continues to skyrocket
Osato Avan-Nomayo
2021-08-30T14:07:00+01:00
7770
News
NFT marketplace OpenSea is desperate to expand its team following a surge in trading volume.
OpenSea’s team of 37 staff is currently handling 98% of combined NFT volumes
Martin Young
2021-08-30T07:12:19+01:00
8426
News
The nonfungible token, or NFT, market registered $2.5 billion in sales during the first half of 2021. Companies like Visa continue to shine the spotlight on thi...
Visa white paper describes NFTs as a ‘promising medium for fan engagement’
Sam Bourgi
2021-08-29T17:09:57+01:00
8556
Expert Take
The definition of a crypto wallet should be broadened and applicable to Web 3.0 and the entire decentralized technology industry.
Crypto wallets: An important battlefront to gain wallet share and mind share
Nitin Gaur
2021-08-29T11:13:00+01:00
7776
Market Analysis
Layer-one projects register a steady inflow of new users as the cost of using the Ethereum network gives projects like Avalanche and Cardano room to gain a foot...
Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance.
Jordan Finneseth
2021-08-27T23:30:00+01:00
27754
Newsletter
The Metaverse allows people to interact with one another, digital objects and the physical world through their avatar in a virtual environment.
Cointelegraph Consulting: Going down the Metaverse
Cointelegraph Consulting
2021-08-27T19:49:40+01:00
8334
News
Almost $400 million has been spent on CryptoPunks over the past 30 days.
Record $900-million month for NFT sales as CryptoPunks go stratospheric
Martin Young
2021-08-27T03:48:08+01:00
12904
News
The upcoming blockchain-based music investment platform is open to using different blockchain technologies.
3LAU introduces blockchain music platform Royal with $16M raise
Helen Partz
2021-08-26T15:31:50+01:00
7644

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