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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 social media platform is giving away 140 free nonfungible tokens to 140 followers in a series of tweets that began on Wednesday.
Twitter 'dropping NFTs all day' in nonfungible token giveaway
Sam Bourgi
2021-06-30T18:25:15+01:00
4544
News
Jay-Z and Jack Dorsey emphasized the benefits smart contracts and NFTs can offer to artists.
Jay-Z and Jack Dorsey-owned music streaming service could feature NFTs and smart contracts
Brian Quarmby
2021-06-29T06:57:41+01:00
6450
Expert Take
Leaving the hype behind, NFTs coupled with the art market can significantly improve and even transform the art industry in many ways.
Hype is over: How NFTs and art will benefit from each other moving forward
Sophia Schteiner
2021-06-27T16:11:00+01:00
6181
News
Some of the more well known characters from Marvel include Wolverine, Spiderman, Iron Man, and Captain America.
Marvel reveals official NFTs will be available on VeVe marketplace by 2022
Turner Wright
2021-06-25T19:30:00+01:00
9657
News
Cointelegraph artists will create digital portraits of celebrities for a Rotary Foundation charity auction hosted on Binance’s newly launched NFT platform.
Cointelegraph launches celebrity NFT charity campaign with Binance
Cointelegraph
2021-06-25T17:00:00+01:00
2254
News
The platform will host the sale of tokens depicting historic moments in sport, politics, and fashion.
Beeple launches iconic 'moments' NFT platform with Time, Universal, and Warner
Samuel Edwards
2021-06-25T06:04:11+01:00
4204
News
The cryptocurrency industry uses approximately 150 TWh of electricity annually, which is more than Poland, Norway, Egypt or Sweden, the company said.
Enjin joins Crypto Climate Accord, goes carbon negative
Sam Bourgi
2021-06-24T21:00:00+01:00
4621
News
Rarible said it will use the funds to hire new team members, and announced the launch of a marketplace on the Flow blockchain.
NFT marketplace Rarible closes $14M fundraising round led by CoinFund
Turner Wright
2021-06-23T21:06:44+01:00
2217

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