NFTs are not a new concept as they’ve been around since the CryptoKitties wave that jammed up Ethereum blockchain in 2017. However, the NFT space has been working on itself silently, and has been improving with every passing day. This became evident when recently, musicians and artists alike began making fortunes from NFTs. What NFTs do is that they allow art appreciators and art collectors to own creative digital works from artists, and more and more artists are taking advantage of this trend.
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What are Non-Fungible Tokens (NFTs)?
NFT stands for ‘non-fungible token’. Non-fungible tokens are tokens that are unique, meaning that each token is only equal to itself, and there is no other token in existence that is the same as it.
- Post date: March 10, 2021
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