Please note, this is a STATIC archive of website cointelegraph.com from 17 Oct 2021, cach3.com does not collect or store any user information, there is no "phishing" involved.

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
“This is basically the same as making a joke that you stole the Mona Lisa by taking a photograph of it,” said Twitter user Sergey Pshenichkin.
Tweet mocking how little value NFTs have... is turned into $5K NFT
Turner Wright
2021-10-05T01:03:59+01:00
15495
Interview
Cointelegraph spoke to Chris Le, the co-founder of NFT sneaker brand RTFKT Studios for an exclusive insight into the project’s vision and ambitions.
‘We want to be the brand of the metaverse,’ says RTKFT’s Chris Le
Tom Farren
2021-10-04T14:51:25+01:00
12181
News
“We believe that NFTs can significantly accelerate the development of women’s sports,” Sorare CEO Nicolas Julia told Cointelegraph.
Valued at $4.3B, NFT platform Sorare to invest in women’s sports
Erhan Kahraman
2021-10-04T12:39:57+01:00
4079
Opinion
The DeFi sector is not undergoing the dynamic shift toward layer-two adoption alone — NFTs are following suit.
Want to improve blockchain infrastructure? Work under layer-two solutions
Andrey Sergeenkov
2021-10-03T08:11:00+01:00
12903
News
Ten finalists, including Magnus Carlsen and Wesley So, will compete for the Champion’s Trophy NFT, while a replica will be made available for auction.
NFT for the win: Grandmaster Magnus Carlsen chases a nonfungible trophy
Arijit Sarkar
2021-10-02T11:33:00+01:00
8469
Altcoin Watch
Axie Infinity's price surged to a record high above $118 following the release of a huge airdrop to early supporters and the launch of staking for AXS token.
Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high
Jordan Finneseth
2021-10-01T23:45:00+01:00
31230
Research
A new 90-plus-page research report on NFTs will discuss how investors get stuck holding NFT hot potatoes when liquidity dries up.
Why NFTs can be a riskier investment than cryptocurrencies — Report
Cointelegraph Research
2021-10-01T14:53:00+01:00
5065
News
The NFL has official confirmed its partnership with Dapper Labs to drop NFTs, renowned DJ Paul Oakenfold is dropping a tokenized album on Cardano, DC is giving ...
Nifty News: DJ Paul Oakenfold to launch album on Cardano, NFL confirms NFTs, and more
Brian Quarmby
2021-10-01T06:50:55+01:00
7748

Follow us on Facebook