Future of NFTs: Exploring the Rise, Fall, and Continued Promise of Non-Fungible Tokens
NFTs gave the digital world a new definition in rebalancing ownership, creativity, and the marketplace structure concerning the trading of digital assets. While NFTs may have officially exploded in 2021, the underlying technology will hold long-term value across industries. Let's take a little journey a little deeper into this ever-evolving world. So, what are NFTs, and how might they influence the future of digital commerce and asset ownership?
What Are NFTs?
In a nutshell, non-fungible tokens are unique digital assets secured with blockchain to assure their authenticity. For fungible assets, like cryptocurrency, one Bitcoin is equal to another. NFTs cannot be swapped at any instance as being unique, and thus the ability to have these rare items represented, whether digital art, mus...