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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.

Expert Take
Nonfungible tokens under the juridical and legal perspective are still in evolution, and there are more questions than answers.
Nonfungible tokens from a legal perspective
Tatiana Revoredo
2021-07-23T14:17:00+01:00
5098
Altcoin Watch
Traders flock to the gaming cryptocurrency in the wake of a sector-wide price rally, but its gains are comparatively higher — much higher.
Axie Infinity refreshes record high as AXS ascends 131% in just 3 days
Yashu Gola
2021-07-23T11:56:44+01:00
12373
News
KFC wants to promote its branding to Koreans through nonfungible tokens.
KFC Korea and TriumphX marketplace sign deal to develop NFT content
Martin Young
2021-07-23T05:17:45+01:00
3301
Altcoin Watch
STX price rallied 195% after the introduction of smart contracts enabled the launch of DeFi and NFTs on the Bitcoin network.
Stacks (STX) price rallies 195% after revealing plans to bring DeFi to Bitcoin
Jordan Finneseth
2021-07-23T00:05:00+01:00
13273
News
Collectors will now have to seek out Damien Hirst’s NFTs on secondary markets after the drop was oversubscribed by more than six times.
Damien Hirst’s ‘Currency’ NFT drop more than 6x oversubscribed
Brian Quarmby
2021-07-22T05:19:29+01:00
12797
Altcoin Watch
WAXP price appears to be gaining strength after the NFT-focused project introduced staking, yield farming and partnerships with companies that offer pop culture...
Record network activity and a second NFT boom send WAX price higher
Jordan Finneseth
2021-07-21T23:05:00+01:00
13238
News
The NFT features writing from a teenage Steve Jobs years before he helped found Apple Computers.
Testing interest in NFTs vs. physical collectibles with Apple founder’s 50-year-old job application
Turner Wright
2021-07-21T17:41:00+01:00
1812
News
Sushi dropped LSD-themed NFTs to celebrate the launch of its trident AMM, while the ‘Gypsy King’ Tyson Fury has sold a single NFT for almost $1 million.
Nifty News: Tyson Fury’s NFT nets almost $1M, bad trip from Sushi, wine gets nifty ...
Brian Quarmby
2021-07-21T06:50:16+01:00
3120

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