What is the GameStop NFT marketplace?
The GameStop nonfungible token (NFT) marketplace was launched in July 2022 during the crypto bear market. Despite being a traditional Web2 gaming organization, GameStop has seen success with the platfo...
Nonfungible token (NFT) collections became a phenomenon for crypto enthusiasts and investors in 2021. However, the first series of NFTs was created on the Ethereum blockchain as an experimental art project in 2017 and were called the Crypto...
What is asset tokenization on a blockchain?
Asset tokenization is an extended use case of blockchain technology beyond Bitcoin (BTC) that enables the purchase, sale and exchange of digital assets on the distributed ledger. For instance, re...
The integration of blockchain technology into real estate has triggered a complete overhaul of the domain. It has facilitated digital real estate ownership, opening up the space to individuals previously left out due to insufficient funds a...
Introduction to nonfungible token blockchains
One of the most popular use cases of blockchain technology, nonfungible tokens (NFTs), are widely used to display and trade ownership of real and digital objects and intellectual property. But ...
What are NFTs and how do they work?
Nonfungible tokens, or NFTs, are digital assets that represent anything from art to music to videos. Although NFTs may be used to buy and sell digital artwork, they can also be used to represent real-wor...
The rise of NFTs
Sales of nonfungible tokens (NFTs) have skyrocketed in 2021. The NFT market size was worth around $20 billion in 2021 and is expected to rise twice as much by 2025. This spectacular growth was unexpected at the beginning o...
Crypto art is a blanket term coined to represent the fusion of art and blockchain technology. As a sub ecosystem within the world of cryptocurrencies, crypto art intends to preserve immutable versions of digital art such as music albums, pa...
Increasing awareness of global ecological damage and climate change caused by technological progress has led industry experts and artists to question the environmental impact of nonfungible tokens, or NFTs. Despite the extraordinary rise of...
If you had ownership of physical artwork worth millions of dollars, a Monet, or a Van Gogh, you would indeed spend a good amount of money and time choosing the right place in which to store it securely.
The same applies to nonfungible toke...
The concepts of fungible vs nonfungible tokens are rather old in economics. Coin-like objects were traded as far back as the Roman Empire, apparently as tokens for brothels or gaming. In Medieval times, tokens called “Abbot's money” were us...
Nonfungible tokens, or NFTs, are an evolution in the cryptocurrency space and a step forward in the reinvention of modern finance and other industries.
Money is fungible because there is no distinction between one dollar and another. Stoc...
NFTs stand for nonfungible tokens, which have rapidly become ubiquitous in the world of crypto. NFTs are non-replicable digital assets. But why is this feature of non-replicability prompting so many people who are serious about blockchain t...
The term nonfungible token (NFT) usually refers to a cryptographic asset on the blockchain that represents an intangible and unique digital item like a piece of art, a photo, an in-game collectible, or a tweet that other assets cannot repla...
What is an NFT?
The cryptocurrency community's ability to innovate is surpassed only by its influence in setting new trends, as evidenced by the rise of NFTs. But what do NFTs stand for? NFTs refer to nonfungible tokens, which are digital ...
