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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
DeFi-powered NFTs are headed to the metaverse in a yield farming-meets-Pac Man mashup.
DeFi and NFT crossover project Aavegotchi releases ‘Gotchiverse’ litepaper
Andrew Thurman
2021-06-23T16:04:39+01:00
3694
Experts Answer
Here’s what crypto and blockchain industry experts think about the regulatory dilemma related to cryptocurrency.
Will regulation adapt to crypto, or crypto to regulation? Experts answer
Max Yakubowski
2021-06-23T15:25:00+01:00
Sponsored
A blockchain application platform has unveiled an ambitious roadmap for interoperability at a two-day conference held especially for developers.
Ambitious plans for interoperability unveiled at two-day blockchain conference
Connor Sephton
2021-06-23T06:56:00+01:00
1493
News
Damon Dash has slammed the complaint against him from Roc-A-Fella Records, stating that he never minted an NFT and was only attempting to sell his stake in the ...
Judge blocks sale of Jay-Z's first album and its copyright as an NFT
Brian Quarmby
2021-06-23T06:51:34+01:00
7284
News
GameStop has completed a stock offer worth nearly $1.13 billion to fund growth, while a hedge fund that incurred losses from shorting GME is closing down.
Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes
Brian Quarmby
2021-06-23T02:36:34+01:00
24773
News
The German Football Association will create player NFT cards that can be used in Sorare’s Global Fantasy Football game.
Germany commemorates Euro 2020 soccer team with NFTs
Helen Partz
2021-06-22T14:07:21+01:00
2512
Sponsored
Think you’ve got what it takes to build the next big blockchain application? This platform that allows DApps to be built using JavaScript wants to hear from you...
Hackathon challenges developers to build killer blockchain apps using JavaScript
Connor Sephton
2021-06-21T18:45:00+01:00
2611
Analysis
Physical NFT art galleries are popping up all over, but why? And does the public appreciate them, regardless of their crypto knowledge?
NFT art galleries: Future of digital artwork or another crypto fad?
Rachel Wolfson
2021-06-20T08:47:00+01:00
12154

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