The NFT Craze Actually Does Make Sense.

What is the nft craze. Well an NFT is a digital certificate. An NFT token can be essentially anything digital ranging from an image video gif to items in digital games. That is digital currency or cryptocurrency and it has been around for.

The sale of Dorseys tweet is part of a larger craze that rose to the headlines in March. March 17 2021 1030 AM EDT. NFTs or non-fungible tokens.

What The New Crypto Craze Is And What It Can Be Soon. A brand new market for collectibles of the digital era they seem to be the art worlds answer to collecting just like Bitcoin was hailed as the answer to digital currencies. It is a certificate of digital ownership of an asset or IP intellectual property stored and encrypted using blockchain technology so that the holder of the NFT is the legal owner of the asset.

It is here where the decentralized finance Defi through its technology in this case the non-fungible Tokens NFT can revolutionize the art industry again claiming the rights of those who need it most. You have heard of Bitcoin right. The item has a value that is not associated with being unique.

NFTs otherwise known as non-fungible tokens have taken the art world by storm in the past weeks. The creation of the EtherRocks was inspired by the Pet Rock toy craze in 1975 and only 100 ETHRocks will ever exist. A new craze is sweeping the digital world and it is summed up by three letters.

Just another day in crypto Fundamentally the NFT craze is being driven by a misapprehension that purchasing an NFT gives you rights to anything other than the NFT which itself has a frail at best connection to the underlying asset. The Craze about NFTs. The best example of a non-fungible product would be a one of one trading card with a unique code identifier.