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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
The Alonzo White testnet brings NFTs and various DeFi use cases one step closer for Cardano.
Cardano grows closer to launching smart contracts with new testnet
Landon McBride
2021-07-16T20:45:00+01:00
30996
News
According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report.
Cointelegraph exclusive: Artist Damien Hirst says NFTs are like 'the invention of paper'
Turner Wright
2021-07-16T19:00:00+01:00
10625
Sponsored
This platform allows top athletes to release authentic NFTs — with fans getting the chance to win one-of-a-kind memorabilia and exclusive experiences.
This NFT platform boasts exclusive drops from top-flight athletes
Chris Jones
2021-07-16T18:08:19+01:00
2443
News
Swiss digital asset bank Sygnum is issuing NFTs representing fractionalized ownership in a Picasso painting.
Master-pieces: Swiss bank issuing NFT shares in Picasso painting for $6K each
Samuel Haig
2021-07-16T04:34:23+01:00
9175
Altcoin Watch
DeFi and NFT-related tokens such as GHST, CNS and TLM defied the market’s bearish mood to post double-digit gains in the past 48 hours.
3 altcoins showing signs of accumulation, while Bitcoin price is down
Jordan Finneseth
2021-07-15T22:02:54+01:00
25457
News
Sorare is reportedly closing in a half a billion dollar funding round with a valuation of at least $3.8 billion.
Fantasy soccer NFT platform Sorare reportedly closing in on $532M in funding
Brian Quarmby
2021-07-15T05:49:21+01:00
5315
News
Dolce and Gabbana announced the first in a line of NFTs in partnership with luxury marketplace UNXD.
Dolce and Gabbana to launch of an exclusive NFT collection
Landon McBride
2021-07-14T22:01:18+01:00
4337
Sponsored
A crypto project has launched a new platform that allows gamers to find new friends, and a production agency that aims to bring the next generation of VTubers t...
Crypto platform launches new projects aimed at VTubers and gamers
Chris Jones
2021-07-14T21:25:00+01:00
4153

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