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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 Nifty community plans to be an “inviting home base for new and experienced explorers of the NFT universe,” according to CEO and co-founder Jeff Marsilio.
Nifty’s Inc. launches social NFT platform with Warner Bros. partnership
Sam Bourgi
2021-07-12T15:00:00+01:00
5126
Altcoin Watch
Rapid expansion in the Axie Infinity ecosystem and a parabolic rally from AXS triggered a 100% surge in the price of SLP.
Small Love Potion (SLP) price doubles as Axie Infinity user growth explodes
Jordan Finneseth
2021-07-12T00:30:00+01:00
30430
Altcoin Watch
Data from Cointelegraph Markets Pro shows SNX, AXS and EOS as the strongest 24-hour gainers as the bullish momentum in DeFi and NFT tokens continues to build.
Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS
Jordan Finneseth
2021-07-09T20:00:00+01:00
13077
News
CryptoPunk 5293 is set to be displayed in a Miami-based art museum, Australian mining firms are tokenizing mining and exploration leases and Sandbox secures IP ...
Nifty News: The Walking Dead invades Sandbox, mining lease NFTs, CryptoPunk in art gallery
Brian Quarmby
2021-07-09T06:30:36+01:00
3143
Sponsored
A yield farming platform that offers staking, market intelligence and NFTs has announced that it is expanding to the Avalanche blockchain.
Yield farming platform announces it’s expanding to Avalanche
Chris Jones
2021-07-08T17:58:00+01:00
5738
News
Anthony Hopkins’ new film dubbed ‘Zero Contact’ is set to be dropped on the Vuele NFT marketplace in the next month or so.
Oscar-winner Anthony Hopkins' new film to be sold as NFT on new platform Vuele
Brian Quarmby
2021-07-08T01:41:31+01:00
4953
News
The NFT is a digital representation of the oath of office signed by Israel’s sixth president, Chaim Herzog, who is the father of President-elect Isaac Herzog.
Israel to welcome 11th president with oath of office on NFT
Arijit Sarkar
2021-07-07T14:30:49+01:00
2025
News
NFT sales in June alone have eclipsed those for the entire first half of 2020 on the OpenSea marketplace.
NFT sales top $2.5B in first half of 2021
Martin Young
2021-07-07T04:05:38+01:00
3012

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