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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 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
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News
The total value locked in DeFi protocols has surged 936% over the past 12 months.
Value locked in DeFi grows 936% in 1 year, NFT sector strengthens: DappRadar
Martin Young
2021-10-01T06:18:01+01:00
6499
News
Billy Markus has talked up a proposed Dogecoin-to-Ethereum bridge so that DOGE can be used on top NFT marketplaces such as OpenSea.
DOGE co-founder sets sights on Ethereum bridge and NFTs for mass adoption
Brian Quarmby
2021-10-01T02:57:30+01:00
13528
News
The NFT launch features prominent TikTokers including Lil Nas X, Bella Poarch, Curtis Roach, Brittany Broski and others.
TikTok embraces NFTs with creator-led collection
Sam Bourgi
2021-09-30T21:00:00+01:00
6230
Market Update
RGT, POLY and TLOS secure double-digit gains as investor sentiment rises after the Fed says it will not ban cryptocurrencies and Bitcoin briefly reclaims $44,00...
Rari, Telos and Polymath rally as Bitcoin price hits $44K
Jordan Finneseth
2021-09-30T20:15:33+01:00
7552
News
The Swiss crypto stamp is a digital collectible linked to a traditional physical stamp issued by the Swiss Post.
Switzerland national postal service to debut crypto stamp on Polygon
Helen Partz
2021-09-30T12:20:57+01:00
10079
News
Axie Infinity players can stake their AXS tokens, with rewards to follow up soon.
NFT trading game Axie Infinity launches AXS staking program
Erhan Kahraman
2021-09-30T09:44:07+01:00
19655
News
The Eternal Beings team stated on Discord that Lil Uzi Vert has only temporarily walked back from the NFT project to work on his new album.
Eternal Beings NFT prices plunge after rapper Lil Uzi Vert deletes promo Twitter posts
Brian Quarmby
2021-09-30T01:47:52+01:00
10539

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