Please note, this is a STATIC archive of website cointelegraph.com from 17 Oct 2021, cach3.com does not collect or store any user information, there is no "phishing" involved.

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.

Opinion
Blockchain technology and nonfungible tokens are transforming the way that intellectual property is licensed and sold.
Capturing lost intellectual property revenues with blockchain
Mrinal Manohar
2021-08-26T14:13:00+01:00
3597
News
NFTs continue to dominate the crypto conversation, with PNGs on social media profile pictures becoming the new hype.
Forget Lambos, NFTs are the new crypto status symbol
Osato Avan-Nomayo
2021-08-26T13:26:20+01:00
6006
News
Vogue Singapore has tokenized its front covers, Animoca Brands expanded its investment portfolio and acclaimed producer Rob Weiss has signed up to direct a cryp...
Nifty News: Vogue tokenizes magazine covers, autographed Tesla and more…
Brian Quarmby
2021-08-26T09:26:57+01:00
1930
News
Fox Corporation is diving deeper into the NFT ecosystem with its latest partnership.
Fox Corporation backs Eluvio's $100M raise as part of its content plan for NFTs
Martin Young
2021-08-26T04:23:15+01:00
2545
Markets News
Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hits a n...
DeFi TVL hits a record $157B as Ethereum competitors attract investors
Jordan Finneseth
2021-08-25T23:35:00+01:00
11118
News
The beer company seems to be taking another step into the crypto and blockchain space with these latest buys.
Budweiser uses $120K to purchase 'fan art' NFT and Beer.eth domain
Turner Wright
2021-08-25T19:00:00+01:00
8446
Market Update
Protocol upgrades and a new cross-chain Ethereum bridge back the rally in TLOS, GNO and ALPHA.
Traders pile into altcoins after Bitcoin price bounces at a key support
Jordan Finneseth
2021-08-25T18:52:10+01:00
10609
News
“When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” Facebook’s David Marcus said.
Facebook ‘definitely looking’ at NFTs, says exec
Helen Partz
2021-08-25T13:01:59+01:00
4986

Follow us on Facebook