What Are Cryptocurrencies?


NFT stands for “non-fungible token” and is a new form of digital assets that are scarce, non-fungible, and tradeable. They can be anything from games to artwork and have become the unique asset of choice for many people, from investors to celebrities. NFTs have many advantages over other digital assets because they are limited in number and cannot be copied or altered by anyone else. Aside from cryptocurrencies, popular NFTs, or popular non-fungible tokens, are another digital asset that has grown (and continues to grow) in popularity among investors. Fungible items can be easily swapped or transferable, whereas non-fungible items, such as original paintings, have unique features that make them difficult to exchange. The “nft markets” are considered as the digital equivalent of collectibles, or “one-of-a-kind” digital assets that have no physical form but may be purchased and traded like any other item in the digital and crypto worlds. NFTs aid in the creation of a digital certificate of asset ownership, and the buyer’s possession of these tokens serve as proof that he or she owns the “original” work.

The “non fungible tokens list”

• Orica
• NBA Top Shot
• Cryptopunks
• Hashmasks
• Sorare
• CryptoKitties
• Decentraland
• Rarible
• SuperRare
• Ethereum Name Services

Factors Influence NFT Pricing

Valuing an NFT can be as tricky as valuing anything that exists ethereally. Nonetheless, the price of NFTs is subject to many factors, with the most prominent being
• Rarity
• Utility
• Tangibility
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