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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.

Sponsored
This project says blockchain games have been disappointing so far. Now, it’s aiming to level up the experience by giving players the brilliant experience that t...
Blockchain platform offers immersive games with zero transaction fees
Chris Jones
2021-07-06T20:05:27+01:00
6368
Opinion
The increased demand for transparency and open-source solutions creates a domino effect that will result in total Web 3.0 adoption.
Striking a chord: DeFi’s domino effect on NFTs and Web 3.0 adoption
Maria Paula Fernandez
2021-07-06T17:07:00+01:00
5591
Sponsored
A contest has been launched where rare NFTs are up for grabs — and the top prize is CryptoPunk #6691.
This contest is giving you the chance to own a rare CryptoPunk
Chris Jones
2021-07-06T08:14:36+01:00
2296
News
The series will reportedly incorporate interactive features from video games, allowing viewers to collect scenes, characters and props within the story after it...
HK production company plans to launch crypto-themed drama series on NFTs
Turner Wright
2021-07-05T19:50:00+01:00
1919
Sponsored
A crypto advertising billboard has launched — giving individuals and businesses the chance to purchase pixels that will have visibility for “years to come.”
This NFT project offers a billboard where businesses can purchase pixels
Chris Jones
2021-07-05T17:00:00+01:00
5926
Opinion
The digital ownership conferred by blockchain will allow the Metaverse to fulfill its true potential as community-owned and community-governed.
NFTs make it possible for gamers to have digital property rights
Yat Siu
2021-07-04T16:11:00+01:00
9531
Opinion
Enter the OASIS: The economy of the liveable arcade in the science fiction film could only be built using blockchain technology.
Sci-fi or blockchain reality? The ‘Ready Player One’ OASIS can be built
Eric Kapfhammer
2021-07-04T14:27:00+01:00
10251
Opinion
A more secure nonfungible token infrastructure holds the key to disrupting the current art world.
To change the art industry, NFTs must be more secure
Luke Stokes
2021-07-03T15:37:00+01:00
4264

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