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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
A cross-chain DeFi and NFT farming project plans to release 400 collectible chimps as part of efforts to remove intermediaries and connect artists with audience...
Putting NFTs to work: Digital art project brings minting and farming together
Sarah Jansen
2021-10-12T13:00:00+01:00
2487
Sponsored
A growing mainnet blockchain is taking a greener stance on trading digital assets. Here, team members share the growth prospects of this industry and how they a...
Emissions from digital art creation? This platform strives to make the NFT market greener
Sarah Jansen
2021-10-12T08:39:00+01:00
876
News
After launching its NFT marketplace last month, FTX.US has expanded support to the Solana blockchain and plans to integrate Ether tokens soon, too.
FTX.US expands NFT marketplace to support Solana tokens
Brian Quarmby
2021-10-12T03:51:48+01:00
3816
News
“We can’t wait to continue turning powerful, exclusive, behind-the-scenes moments into digital assets that help fuel progressive objectives,” said Front Row co-...
Texas Democratic Party aims to use NFT sales for fundraising efforts
Turner Wright
2021-10-12T01:43:55+01:00
1900
News
Following the competition, a replica of Carlsen’s NFT trophy was auctioned off to a fan for 6.88 ETH.
Chess grandmaster Magnus Carlsen awarded NFT trophy after tournament win
Arijit Sarkar
2021-10-11T09:22:33+01:00
5611
Opinion
The gaming industry is rapidly growing, and the emerging play-to-earn model coupled with blockchain and the Metaverse is the future.
The Metaverse, play-to-earn and the new economic model of gaming
Evan Luthra
2021-10-10T19:21:00+01:00
27356
News
The "Big Mac Rubik's Cube" NFTs will be distributed to Chinese employees and customers by McDonald's China as a part of a giveaway.
McDonald's China to give away 188 NFTs on 31st anniversary
Arijit Sarkar
2021-10-10T12:35:25+01:00
15373
Opinion
In order to sustain the growth of NFTs, it is important that new buyers aren’t deterred from purchasing NFTs due to high gas fees.
Navigating the NFT minefield: It should be made easy for first-time buyers
Simon Yu
2021-10-09T20:22:00+01:00
9480

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