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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
Though nonfungible token projects are one path to entry, women are still underrepresented in many crypto and blockchain firms.
NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne
Turner Wright
2021-07-30T18:45:33+01:00
4762
News
Polyient is launching an NFT marketplace with DeFi features, Ronaldinho has entered the NFT market and Vitalik Buterin has digitally signed an NFT for very litt...
Nifty news: Polyient marketplace, Ronaldinho drop and a 'staggering' $4800 NFT sale
Brian Quarmby
2021-07-30T06:18:22+01:00
6257
Newsletter
The daily transaction volume on NFT auction site Rarible has dropped significantly since peaking in April 2021 and has not recovered since.
Cointelegraph Consulting: Rarible’s daily transactions see a rapid decline
Cointelegraph Consulting
2021-07-29T12:07:00+01:00
2381
News
“Each NFT was created to celebrate elements that are core to the Coca-Cola brand, reinterpreted for a virtual world in new and exciting ways,” said Selman Carea...
Coca-Cola officially gets into NFTs for charity
Turner Wright
2021-07-28T17:45:00+01:00
4734
News
Creator Finance, also dubbed CreatorFi, provides nonfungible token creators with platforms and customizable services to facilitate the auction and sale of their...
Crypto unicorn Amber Group launches NFT creator studio with TR Lab
Sam Bourgi
2021-07-28T14:00:00+01:00
2203
Sponsored
Built on IOST, an art auction platform is wooing artists with hands-on technical and marketing support.
NFT marketplace that's built for artists reports blockbuster sales for first week
Connor Sephton
2021-07-28T13:23:00+01:00
8068
News
Mastercard keeps its focus on the digital asset industry, echoing moves by its main competitor, Visa.
Mastercard chooses 7 crypto startups for Start Path accelerator
Helen Partz
2021-07-28T13:21:22+01:00
19420
News
Data from Dune Analytics shows there was a total of 344.4 ETH ($793,000) in value lost to failed Stoner Cats transactions.
Cats cause chaos on Ethereum again as Mila Kunis’ project sells out in 35 minutes
Brian Quarmby
2021-07-28T02:33:27+01:00
67976

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