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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.

Market Update
Axie Infinity and Waves shake off confusion in the market to climb higher while Bitcoin continues to struggle below $34,000.
Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K
Jordan Finneseth
2021-07-02T20:42:03+01:00
10167
Video
To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc.
Utility-focused NFTs: the future of blockchain art?
Marco Castrovilli
2021-07-02T20:30:00+01:00
6228
News
Sotheby’s has made an embarrassing mistake in its $5.4 million NFT auction, Animoca brands has raised $138.88 in funding, and data shows limited collector numbe...
Nifty News: Embarrassing mistake in $5.4M NFT of web source code, Animoca raises $50M ...
Brian Quarmby
2021-07-02T07:07:24+01:00
4530
News
The NFT marketplace plans to integrate Ripple’s XRP Ledger blockchain.
Mintable platform raises $13M, will integrate 'carbon neutral' NFTs on XRP Ledger
Martin Young
2021-07-02T05:33:33+01:00
6614
News
San Marino has approved VeChain’s eNFT backed vaccination passport, dubbed the San Marino Digital Covid Certificate.
San Marino approves VeChain eNFT vaccination certificate that's verifiable worldwide
Brian Quarmby
2021-07-02T04:57:58+01:00
11589
News
EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just...
Enjin's EFI token sale nets $20 million as NFT aspirations grow
Sam Bourgi
2021-07-01T19:50:00+01:00
4989
News
Despite Twitter releasing 140 NFTs on the Ethereum blockchain, Twitter’s CEO continues to reject the altcoin as an investment.
Twitter CEO Jack Dorsey keeps saying ‘no’ to Ethereum
Helen Partz
2021-07-01T10:14:18+01:00
29262
News
The source code for the World Wide Web has been sold by the inventor for $5.4 million.
Bargain? World Wide Web’s source code NFT sells for $5.4M at Sotheby’s
Samuel Edwards
2021-07-01T03:54:10+01:00
2046

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