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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
Following the delisting of the Sad Frogs District NFT project from OpenSea, the Sad Frog’s team has filed a counter DMCA to the NFT marketplace.
Pepe The Frog creator has $4M ‘Sad Frogs’ project removed from OpenSea
Brian Quarmby
2021-08-18T05:33:40+01:00
9112
News
Galaxy Digital founder and CEO Mike Novogratz was unfazed by the firm’s $175.8-million loss as he emphasized the importance of digital asset adoption.
Billionaire Mike Novogratz unfazed by Galaxy Digital’s $175.8M loss in Q2
Brian Quarmby
2021-08-18T02:55:09+01:00
4910
Market Analysis
A series of new all-time highs from altcoins and a drop in the Bitcoin dominance metric has many analysts convinced that an alt season has started.
Analysts say this key metric suggests an altcoin season is at hand
Jordan Finneseth
2021-08-17T21:31:33+01:00
24485
Sponsored
A special NFT ensures tree saplings are planted to offset carbon emissions, amid concerns about the impact that the blockchain has on the environment.
When these NFTs are redeemed, trees are planted to offset CO2
Chris Jones
2021-08-17T13:00:00+01:00
2581
News
Alibaba has launched a new marketplace allowing trademark holders to sell NFTs representing licenses to their copyright.
Alibaba launches NFT marketplace for copyright trading
Brian Quarmby
2021-08-17T06:51:26+01:00
21052
News
Controversial crypto influencer Alex Saunders is making headlines again, with followers claiming he raised $57,000 in NFTs from them to launch a virtual communi...
Alex Saunders again under fire after virtual HQ in Decentraland fails to launch
Brian Quarmby
2021-08-17T04:07:00+01:00
14043
News
"By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact," said Terra Virtua co-founder and chief technical office...
Terra Virtua moves to Polygon blockchain, citing environmental concerns
Turner Wright
2021-08-16T16:40:00+01:00
10915
Altcoin Watch
But is the Solana native token anticipating a big price correction ahead?
Solana price soars to new highs with DeFi project launch, $70M DEX funding
Yashu Gola
2021-08-16T14:30:01+01:00
23048

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