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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
The NFT monkey-minting frenzy has caused gas prices to skyrocket again.
CyberKongz’ mass monkey minting burns $4M in Ether in 5 hours
Martin Young
2021-08-16T05:56:48+01:00
29846
Expert Take
The sales or licensing of patents via NFTs, automated by the use of smart contracts, could benefit potential buyers, sellers, or licensees.
Nonfungible tokens: A new paradigm for intellectual property assets?
Greg Gerstenzang
2021-08-14T08:12:00+01:00
8454
Altcoin Watch
A play-to-earn style platform, upcoming ‘portal’ sale and the “NFT summer” all back GHST’s 40% breakout to a new all-time high.
3 reasons why Aavegotchi (GHST) price spiked to a new all-time high
Jordan Finneseth
2021-08-14T02:36:44+01:00
11369
News
“Creating work with the voices of others is something to embrace,” said Holly Herndon.
Musician sells rights to deepfake her voice using NFTs
Turner Wright
2021-08-13T16:33:49+01:00
5058
Market Analysis
The nonfungible token marketplace processed 1.18 million transactions worth $1.06 billion in the last 30 days alone.
OpenSea trading volume explodes 76,240% YTD amid NFT boom
Yashu Gola
2021-08-13T13:57:33+01:00
20782
News
NFTs could be a vehicle to legitimize ill-gotten gains for the crypto elite.
Are NFTs being used for money laundering? Yes, they are, claims Mr. Whale
Martin Young
2021-08-13T05:39:37+01:00
21195
Markets News
The fan token had earlier dropped by almost 40% after hitting a record high of $61.50 amid speculations that Lionel Messi would join French club Paris Saint-Ger...
PSG price resumes rally to all-time highs as Lionel Messi officially joins Paris Saint-Germain
Yashu Gola
2021-08-12T10:55:06+01:00
7729
News
A spike in gas fees and ETH burn rates have produced almost 800 deflationary blocks so far.
Ethereum supply flips briefly into deflation as gas fees spike
Martin Young
2021-08-11T04:14:19+01:00
30726

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