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.

Sponsored
The music industry is what some consider a mess with scalpers and fraudulent tickets circling around; fortunately, NFTs may be a way to something better.
NFT platform for ticketing and music announces token launch on Bittrex Global’s IEO Platform Starting Block
Sarah Jansen
2022-05-12T12:00:00+01:00
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News
The effort will include issuing guidance for NFTs and ICOs, expanding infrastructure and supporting CBDC research.
Leaked report: South Korea to establish crypto framework by 2024
David Attlee
2022-05-12T10:23:45+01:00
2232
Market Analysis
A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value.
ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?
Elaine Hu
2022-05-11T20:15:00+01:00
7427
Market Analysis
NFT prices take a hit alongside the sharp correction in the crypto market and only time will tell whether the current downturn was a buying opportunity.
This week’s whipsaw market movements test NFT traders’ resolve — What’s next?
Alyssa Exposito
2022-05-11T18:30:00+01:00
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Interview
The sculptor, Kristen Visbal, said that the proceeds from the NFT sale of Fearless Girl will be used to defend the original message of the artwork.
Sculptor aims to use the Fearless Girl statue to empower women in crypto
Ezra Reguerra
2022-05-11T14:22:40+01:00
992
News
The SEC's decision to expand its digital assets section was received well by industry experts and came as no surprise, given the growing interest in cryptocurre...
Industry experts weigh in on SEC hiring more crypto cops
Arnold Kirimi
2022-05-11T13:50:00+01:00
1960
News
The founder of the Azuki NFT project has been accused of abandoning three projects and Instagram has partnered with Dapper Labs to roll out Flow NFT support.
Nifty News: Azuki founder under fire, CryptoPunk sells for a major loss and more
Brian Quarmby
2022-05-11T06:33:07+01:00
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News
The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi and content creator products on the NFT bl...
Top Shot creator unveils $725M fund to support Flow ecosystem
Brian Newar
2022-05-11T02:49:00+01:00
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