Non-Fungible Tokens

Non-fungible tokens (NFTs) are becoming increasingly popular. In comparison with fungible tokens such as Bitcoin and Ethereum which can be divided into smaller parts, each non-fungible token is indivisible and has its own distinct value.

Non-fungible tokens (NFTs) are becoming increasingly popular. In comparison with fungible tokens such as Bitcoin and Ethereum which can be divided into smaller parts, each non-fungible token is indivisible and has its own distinct value.

The New York Times archives are filled with thousands of stories in print storage and digital databases. Subscribers can access and read these stories whenever they like. However, on March 24th, 2021 a collector paid more than $500,000 for a non-fungible token (NFT) of the first article the Gray Lady ever published about NFTs and cryptocurrency.

Technology has changed the way the world generates, grows, stores, and maintains value. The concept of “asset” has evolved from strictly tangible exchange media to digital property such as cryptocurrency and non-fungible tokens (NFTs). Digital assets are the latest trend, occupying the thoughts – and wallets – of a growing number of buyers, investors, and speculators.

One of the hottest trends of 2021, non-fungible tokens (NFTs) have empowered a new generation of digital artists and turned many speculators and creators into millionaires and overnight celebrities.