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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
Polygon allows Teller Finance to port its solutions onto a scalable network, thereby overcoming many of the current challenges associated with Ethereum.
Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs
Sam Bourgi
2021-08-10T21:20:00+01:00
5690
Market Update
Bitcoin and altcoins are cooling off, but data from Cointelegraph Markets Pro shows IOTX, RLY and AXS as the top 24-hour performers.
Exchange listings and NFT boom lift IoTeX, Rally and Axie Infinity prices
Jordan Finneseth
2021-08-10T19:40:13+01:00
22881
News
The most expensive EtherRock up for resale is priced at a whopping $1.9 billion.
Investors are shelling out six figures for pet rock NFTs
Martin Young
2021-08-10T05:07:11+01:00
12754
News
The Kusama Network is taking the shape of digital artwork as part of a massive installation by the Vancouver Biennale.
Blockchain-based digital art installation to launch on Vancouver bridge
Helen Partz
2021-08-09T14:45:36+01:00
3923
Opinion
In three decades from now, blockchain technology and nonfungible tokens will not be magnificent, they will be normal and mundane.
Tales from 2050: A look into a world built on NFTs
Maxim Blagov
2021-08-08T11:07:00+01:00
25898
Opinion
The gaming industry is going through a massive growth phase, and the play-to-earn model opens new opportunities for blockchain gaming.
Play-to-earn games are the catalyst for this bullish period in the markets
Evan Luthra
2021-08-07T15:21:00+01:00
37426
Opinion
Many blockchain games are being created and promoted as blockchain games, not great games where decentralized tech is just one element.
Play-and-earn is the secret to mainstream NFT gaming adoption
Derek Lau
2021-08-06T12:13:00+01:00
26439
Event Recap
Christie’s fourth annual Art+Tech Summit was dedicated to discussions of the future of art, collectibles and the world of nonfungible tokens.
Hot July at Christie’s: Over $93M in NFT sales and Art+Tech Summit 2021
Sophia Schteiner
2021-08-05T17:39:00+01:00
3020

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