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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.

Event Recap
The latest Paris Fashion Week clearly marks the new digitized era for a high-end fashion industry’s trends toward blockchain and nonfungible tokens.
Haute Couture goes NFT: Digitalization at the Paris Fashion Week
Sophia Schteiner
2021-07-14T19:13:47+01:00
4507
News
Muse frontman Matt Bellamy is tokenizing and selling a song recorded on the same guitar Jeff Buckley used to record his hit album Grace.
Nifty News: Muse frontman drops track as NFT, chimps create NFTs and more...
Brian Quarmby
2021-07-14T08:25:03+01:00
2435
Market Update
Traders appear to be sitting on their hands even as Bitcoin price drops closer to a critical support level at $32,000.
Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K
Jordan Finneseth
2021-07-13T23:11:59+01:00
10412
Altcoin Watch
Data from Cointelegraph Markets Pro shows NFT-related platforms like AUDIO, AXS and SLP as the top 24-hour gainers of the day.
Nonfungible tokens soar even as Bitcoin price drops close to $32,000
Jordan Finneseth
2021-07-13T21:04:53+01:00
7696
Altcoin Watch
The second-largest cryptocurrency sells off in line with Bitcoin as traders assess the latest U.S. inflation data.
Ethereum price dragged down below $2K as US inflation hits highest level since 1991
Yashu Gola
2021-07-13T18:47:53+01:00
36766
Sponsored
This blockchain project has unveiled a compelling new use case for NFTs: The opportunity to take an ownership stake in a luscious new glamping resort near Bali.
With this NFT, you could own part of a glamping resort near Bali
Chris Jones
2021-07-13T18:45:00+01:00
4481
Sponsored
This DeFi platform is planning to accept NFTs as collateral — allowing borrowers to unlock liquidity from their crypto collectibles.
This DeFi platform allows NFTs to be used as collateral for loans
Chris Jones
2021-07-13T15:30:00+01:00
8760
News
American Express’ first foray into NFTs, a partnership with popular musician SZA, has sold out within hours of kicking off.
Nifty News: Amex and SZA sell-out debut drop, Asics launches tokenized footwear, Space Jam gets looney for NFTs
Brian Quarmby
2021-07-13T07:05:02+01:00
1848

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