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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
“This is a generation that grew up hopeful and dreaming about their future through educational opportunities,” said Women for Afghan Women’s U.S. country direct...
NFT project partners with Afghanistan organization to help women get access to education
Turner Wright
2021-09-22T22:16:46+01:00
5232
News
"Celebs really think they can come into an industry they know nothing about, never interact with the community, then launch a scam project they’ll abandon in th...
Crypto Twitter cries foul after noticing NBA star John Wall’s NFT has a Fortnite background
Turner Wright
2021-09-22T17:00:00+01:00
7865
Interview
Cointelegraph spoke to the founder of a London art gallery to discuss the cultural implications of welcoming NFTs into traditional art spaces.
NFTs could mark a resurgence in art galleries
Tom Farren
2021-09-22T11:59:21+01:00
6088
News
NFT collector revealed to be Snoop Dogg, hybrid NFTs are coming, and an investor lost $300,000 in tokens to hackers.
Nifty News: Snoop’s $17M NFT collection, movie sold as NFT, QAnon espouser sells tweets
Brian Quarmby
2021-09-22T08:59:29+01:00
5130
Markets News
High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid.
Pundits say crashing floor prices and sell volume signal that ‘the NFT market has died’
Jordan Finneseth
2021-09-21T21:00:00+01:00
16857
News
Sorare attained a $4.3-billion valuation with a Series B funding round led by the Tokyo-based holding company.
Sorare scores $680M funding led by SoftBank to grow its NFT sport portfolio
Arijit Sarkar
2021-09-21T09:47:33+01:00
5918
Market Analysis
Bitcoin will always be the boss, but the real innovative and groundbreaking developments are happening in layer-two solutions, DAOs, NFTs with utility and emerg...
Bitcoin is great, but real crypto innovation has moved elsewhere
Ray Salmond
2021-09-18T20:07:28+01:00
79644
Market Analysis
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.
Evolve or die: How smart contracts are shifting the crypto sector’s balance of power
Jordan Finneseth
2021-09-18T00:15:00+01:00
20061

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