- NFTs - Crypto NFTs Popularity in 2021
- NFTs Cryptos are trending higher and are showing a normal retracement. More technical analysis can be requested. Contact us today!
NFT or Non-Fungible Token
A NFT or a non-fungible token is a unit of data stored on a digital ledger which is not interchangeable. Non-fungible tokens can be digital files such as any form of creative work art, audio, videos, items in video games and other. While the digital files themselves are infinitely reproducible, the NFTs representing them are traced on the blockchains and provide any owner with proof of ownership.
Once created, the NFT is uploaded on the blockchain and can be sold at a specified price or listed on the auction market.
NFT Trend in 2021
After the rise of the Defi in 2020, NFT has been trending high in the first quarter of 2021 and is expect to keep the same momentum for the next weeks or months of year. This chart from Google Trend shows the popularity of this new technology.
NFT News
In early March, a tech company bought a piece of art worth $95,000. Then the executives lit it on fire. At the end of the spectacle, which was shared live on the internet, the group unveiled a copy of the art, this time in digital form. The creation, by elusive British artist Banksy, was called “Morons (White).”
As for the digital format, it’s getting more hype than the painting and the burning put together. It’s a rising type of technology called a non-fungible token, or NFT…. (READ FULL ARTICLE FROM CBS NEWS MARCH 26, 2021)
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