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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
It’s not like I didn’t get NFTs before. I just *really, really* get them now.
Thanks to Bauhaus, I totally get NFTs now
Jon Rice
2021-08-03T18:29:28+01:00
14279
Sponsored
Artificial intelligence has been used to create an NFT collection inspired by CryptoPunks — and it’s quirky to say the least.
NFT collection built using AI provokes searing questions about art
Chris Jones
2021-08-03T16:00:00+01:00
4058
News
The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainab...
UN chooses NFT marketplace host in efforts to fight climate change
Turner Wright
2021-08-03T13:30:00+01:00
3985
Sponsored
How a Skill-based, Play-to-earn game hopes to help stabilize the NFT market.
A familiar online game that rewards skills and persistence with NFTs
Chris Jones
2021-08-03T13:00:00+01:00
11970
News
Nonfungible tokens appear to be bubbling again, with marketplace OpenSea now processing more volume daily than it did for the entirety of 2020.
OpenSea’s daily volume is exceeding its 2020 total
Brian Quarmby
2021-08-03T04:51:36+01:00
4575
Interview
NFTs are getting enterprises excited about the future of finance, but regulations are still needed to reach mainstream adoption.
NFTs are next for enterprise Ethereum, says ConsenSys founder Joe Lubin
Rachel Wolfson
2021-08-02T14:14:00+01:00
9893
Opinion
The high value and unique rewards system that nonfungible tokens offer is a revolutionary and highly appealing opportunity for musicians.
NFTs are a game changer for independent artists and musicians
Jay Kila
2021-08-01T15:11:00+01:00
9845
Market Analysis
Want to get paid to HODL? Here are five easy ways crypto investors make money without trading.
5 easy ways crypto investors can make money without needing to trade
Jordan Finneseth
2021-07-31T00:00:00+01:00
78645

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