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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.

News
HODL Assets will upscale its presence in the nonfungible token space and is also looking to move its operations from Durban, South Africa to the United States.
NFT innovator HODL Assets acquires blockchain social commerce firm CoinLinked
Osato Avan-Nomayo
2021-08-25T12:30:00+01:00
3274
Market Analysis
Derivatives data and strong fundamentals back retail and professional traders’ bullish stance on ETH’s price.
Derivatives data shows Ethereum traders positioned to extend the ETH rally
Marcel Pechman
2021-08-24T21:50:37+01:00
14103
News
Artificial intelligence could provide nonfungible token creators with a more streamlined approach for creating and selling their digital art.
Fetch.ai launches NFT platform for AI-generated art
Sam Bourgi
2021-08-24T17:15:00+01:00
9280
News
Venture funds and other strategic investors have recognized the value proposition of NFT marketplaces. Some of blockchain’s biggest investors are behind the Ale...
Mark Cuban-backed Alethea AI closes $16M private token sale
Sam Bourgi
2021-08-24T15:00:00+01:00
6434
News
The prominent crypto mogul highlighted the rapid adoption of nonfungible tokens as a potential cause for investor caution.
FTX’s Bankman-Fried remains cautious about nascent NFT space
Tom Farren
2021-08-24T12:23:41+01:00
3241
News
Fame Lady Squad is relaunching after its male creators were outed, the MLB issues tokenized stadiums, and rare Kobe Bryant photos are up for auction.
Nifty News: Kobe Bryant NFTs, tokenized baseball stadiums and more...
Brian Quarmby
2021-08-24T09:09:01+01:00
3305
Market Update
GNO, WAX and IOST lead altcoins higher as Bitcoin’s rally to $50,000 signals that the bull market is back on track.
WAX, Gnosis and IOST pack on gains after Bitcoin price hits $50K
Jordan Finneseth
2021-08-23T18:40:57+01:00
8412
News
Visa has made a sizable investment in the NFT space, acquiring a popular digitally pixelated CryptoPunk.
Visa invests $150,000 in NFT CryptoPunk asset
Tom Farren
2021-08-23T14:26:01+01:00
9391

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