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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.

Opinion
The success of future crypto products will depend on their ability to engage both decentralized finance and nonfungible token users.
This time it’s different: When DeFi meets NFTs
Guest Authors
2021-08-23T14:17:00+01:00
8951
Opinion
Nonfungible tokens would be problematic without the validation and verification of copyright ownership in the NFT-minting process.
Minting, distributing and selling NFTs must involve copyright law
Harsch Khandelwal
2021-08-22T11:13:00+01:00
8701
Opinion
Blockchain provides an opportunity to realign the economics of our global system from a profit-driven to a values-driven ecosystem.
Prioritizing humanity ahead of profits through NFTs
Manuel Gonzalez Alzuru
2021-08-22T08:11:00+01:00
8404
Market Analysis
The dawn of the Metaverse is upon us, and NFTs are forming the foundation of a new economy where users easily store assets and transfer value.
Altcoin Roundup: Here’s a few things to consider when buying NFTs
Jordan Finneseth
2021-08-20T23:30:00+01:00
11947
News
An Australian TV show is auctioning off an NFT that will see the winning bidder become part of the show next season, while sporting icons Mike Tyson and Lionel ...
Nifty News: Mike Tyson’s ear-biting tokens, the NFT that makes you a TV star, and more…
Brian Quarmby
2021-08-20T06:29:40+01:00
8019
Altcoin Watch
High percentage staking offers, a system for combating NFT fraud and a growing user base all suggest that VRA price has bottomed following its May lows.
3 developments signal that Verasity (VRA) price may have bottomed
Jordan Finneseth
2021-08-18T22:30:00+01:00
32230
News
Marcus shares his honest thoughts on the crypto market, as well as declaring that Novi is ready to launch.
Facebook’s David Marcus calls for 'fair shot' at crypto payments
Tom Farren
2021-08-18T19:23:45+01:00
4165
News
SuperRare is airdropping new governance tokens to platform users; Bacardi is tokenizing its new rum line; and the WWE is launching John Cena NFTs.
Nifty News: John Cena collectibles, rum tokens, SuperRare 2.0 and more…
Brian Quarmby
2021-08-18T09:09:26+01:00
5823

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