Understanding NFTs: A Look at the NFT Ecosystem in 2022by@gabrielmanga
311 reads🖨️

Understanding NFTs: A Look at the NFT Ecosystem in 2022

August 1st 2022
4 min
by @gabrielmanga 311 reads🖨️
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Non-fungible tokens (NFTs) are gaining popularity as the crypto industry continues to grow. Tokenization of assets, including works of art, in-game items, collectibles, and even music, is now possible thanks to their development. These tokens are stored on the blockchain, meaning that the record of ownership cannot be altered, and no new NFTs can be created by copying and pasting existing ones. The market value of these tokens, like the cryptocurrency on which they are based, can be volatile.

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