Authorization

What you need to know about NFTs, the collectible digital tokens that are selling for up to millions online

What you need to know about NFTs, the collectible digital tokens that are selling for up to millions online

Crypto Slam auctions Street Fighter NFTs
Crypto Slam




Non-fungible tokens account for a $250 million market that is continuing to grow.




NFT investments operate on the same deflationary principles as Bitcoin.




Many celebrities buy and sell NFTs online for thousands of dollars.




Visit the Business section of Insider for more stories.


Non-fungible tokens or NFTs - products that operate as digital assets - have grown to encompass a $250 million market, according to a 2020 report from tech tracking company L'Atelier BNP Paribas and nonfungible.com.NFT investments rose 299% in 2020, gaining popularity as cryptocurrencies like Bitcoin continued to boom, according to the report. However, NFTs operate differently from digital currencies. Unlike popular cryptocurrencies like Bitcoin and Ether, NFTs cannot be directly exchanged with one another.

What is an NFT?

NFTs are a special class of digital assets that cannot be exchanged with one another for equal value or broken down into smaller values like most currencies.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2022    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930
31