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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
Crypto is still at an early stage, but with NFTs and DeFi, blockchain is obviously the future of fintech and not just a bubble.
Do you still compare Bitcoin to the tulip bubble? Stop!
Jonathan Libby
2021-10-09T18:18:00+01:00
16908
Analysis
Social media giants embracing NFTs could be the start of a new reputation system used in an increasingly digital world.
Twitter and TikTok embrace NFTs: Mainstream adoption incoming?
Francisco Rodrigues
2021-10-09T14:27:00+01:00
10710
Opinion
Until cryptocurrency is accessible to people for non-investment purposes, the market’s growth runs the risk of stagnating.
Survivorship bias has led to an imbalance in the crypto ecosystem
Anderson Mccutcheon
2021-10-09T08:11:00+01:00
16327
Research
Ethereum leads the NFT market, generating more than 97% of recent sales as Flow, Polygon and WAX mount an opposition.
Blockchains vie for NFT market, but Ethereum still dominates — Report
Cointelegraph Research
2021-10-08T13:21:00+01:00
5824
Sponsored
To advance medical care, a solution for secure, anonymous data may be the ticket to utilizing patient data.
With the help of one NFT marketplace, patients may be able to share data with their providers securely
Sarah Jansen
2021-10-08T11:15:00+01:00
1883
News
Animoca Brands co-founder Yat Siu has urged new NFT users to look past profiteering and examine how nonfungible tokens can redefine culture.
NFTs offer a new way for society to ‘store culture’ says Animoca Brands CEO
Brian Quarmby
2021-10-08T05:52:34+01:00
4324
Markets News
SHIB’s 400% rally brings attention back to dog-themed meme tokens and it could be a sign that DOGE is on the verge of an equal-sized breakout.
Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?
Jordan Finneseth
2021-10-08T02:01:27+01:00
59998
Sponsored
The number of hackathons is going up as the crypto industry is fighting for talent.
The blockchain application platform launches the second hackathon focusing on DeFi and GameFi
Lisa Gibbons
2021-10-07T16:53:00+01:00
2166

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