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
AMC Entertainment and renowned NFT artist Damien Hirst are airdropping NFTs to fans and collectors.
Nifty News: Damien Hirst airdrops NFTs, AMC teams up with Spider-Man, 3D NFTs on ICP
Martin Young
2021-11-29T05:40:23+00:00
5439
Opinion
NFT digital art sales generate headline after headline, though this is not the real mass-market use of this novel technology.
NFT art will never be mass-market — NFT licenses may be
Bussell Liam
2021-11-28T16:21:00+00:00
6536
Opinion
The gaming ecosystem is set to become more community-driven with the help of decentralized tech, empowering creators and coders.
New tribes of the Metaverse — Community-owned economies
Jane Thomason
2021-11-28T12:16:00+00:00
19735
Opinion
Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era.
Online content streaming is dead. Long live the music NFTs
Joan Westenberg
2021-11-27T18:00:00+00:00
19489
Analysis
Facebook’s metaverse plans have caused discomfort in the crypto community, but there’s every reason to believe in a decentralized future for metaverses.
Facebook’s centralized metaverse a threat to the decentralized ecosystem?
Nikolai Kuznetsov
2021-11-27T14:14:00+00:00
25757
Opinion
Nonfungible tokens could be a step toward new social interactions, a notion that might not be as far-fetched as it sounds.
NFTs as micro-social networks: The path to crypto adoption
Nick Casares
2021-11-27T13:54:00+00:00
5543
Sponsored
Shaped by computer entertainment, a now growing population of digital citizens seek social and economic gameplay opportunities.
Virtual economy aims to create a Disneyworld of NFTs for adults
Sarah Jansen
2021-11-26T20:00:00+00:00
6400
Sponsored
NFTs are the new darling in the world of gaming, transforming it into an entirely different universe.
Taking the NFT gaming concept forward
Cointelegraph
2021-11-26T16:40:00+00:00
3565

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