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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
OpenSea also announced expanded support with Polygon, and noted that “Buyers no longer have to pay blockchain fees when making trades on OpenSea.”
OpenSea is the latest crypto unicorn after $100M funding round
Brian Quarmby
2021-07-21T05:54:49+01:00
4412
Sponsored
CoinBurp is a CeFi trading platform with ambition plans to build a bridge from CeFi to De-Fi and become a major NFT-first crypto wallet.
This trading platform is building Coinbase for NFTs
Chris Jones
2021-07-20T19:04:00+01:00
4108
News
The market for nonfungible tokens appears to be growing in Asia. Several companies and venture funds have backed DeFine in its quest to bring NFTs to mainstream...
Social NFT platform DeFine raises $5M from Asian investors
Sam Bourgi
2021-07-20T16:17:10+01:00
3301
Sponsored
Style and sophistication are the main focal points for this new NFT marketplace, which wants to ensure that digital art can be celebrated and enjoyed for years ...
Sophisticated NFT marketplace and gallery offers digital real estate for creators and collectors
Chris Jones
2021-07-20T15:23:39+01:00
3120
News
Through Polygon Studios, Polygon is attempting to corner two key segments of the blockchain industry: gaming and nonfungible tokens.
Polygon launches blockchain gaming and NFT studio
Sam Bourgi
2021-07-19T21:11:00+01:00
19484
News
Slated to premiere in winter 2023, the film will approach Ethereum as an “infinite garden,” laying out its blockchain as a “decentralized ecosystem with soil, p...
Ethereum documentary featuring Vitalik Buterin raises $1.9M in 3 days
Helen Partz
2021-07-19T13:04:13+01:00
8246
News
Hong Kong landmarks like the Kowloon Walled City will be tokenized and showcased in The Sandbox Ethereum-based metaverse.
South China Morning Post to tokenize 118-year-old archive with NFTs
Marie Huillet
2021-07-19T10:54:00+01:00
3047
News
NFT artworks depicting “socialist cyberpunk” housing are being showcased at the Taobao Maker Festival in Shanghai.
Chinese artist showcases NFT real estate at Alibaba-sponsored innovation festival
Samuel Haig
2021-07-19T06:46:19+01:00
4758

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