NFTs have taken the artistic world by storm in recent months, with a high number of creative non-fungible token ideas coming out of the woodwork. The most popular NFT at the moment is a Beeple-crafted NFT that was sold early this year at the world-famous auction centre for a whooping $69 million. As the NFT space continues to swell, the major questions that NFT collectors and buyers are asking is, “How do I display my NFT?”
Recently, NFTs (Non-Fungible Tokens) have been experiencing a trading boom. The NBA has embraced it through Top Shot, Grimes sold a piece of art via NFT for $6 million, the Kings of Leon are planning to release their latest album as NFTs, and interestingly, a non-fungible token was sold at Christie’s for a staggering $69 million. NFTs allows art creators to monetise their digital content, and guarantees the artwork’s authenticity. So, what is all about the NFTs and what technology underlies them? In this article, you will find out the technologies that underly NFTs and they include Bitcoin cash, Flow, ERC-721 and ERC-1155 among others.