Cryptocurrency News

What is an NFT and why are they so popular?

08/20/2022

Less than a minute

2022.08.20 05:54

What is an NFT and why are they so popular?

Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness.

Cointelegraph’s director of video production Jackson DuMont delves into the intricacies of NFTs, highlighting the importance of the underlying blockchain technology in proving ownership of digitally scarce assets:

What is an NFT and why are they so popular?

08/20/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 103,029.60 1.79%

Ethereum (ETH) $ 3,365.08 0.24%

XRP (XRP) $ 3.22 2.71%

Tether (USDT) $ 1.00 0.00%

Solana (SOL) $ 224.83 6.13%

BNB (BNB) $ 704.13 1.40%

Dogecoin (DOGE) $ 0.40728 5.67%

USDC (USDC) $ 1.00 0.01%

Cardano (ADA) $ 1.10 1.52%

Lido Staked Ether (STETH) $ 3,363.51 0.34%

TRON (TRX) $ 0.247687 2.36%

Avalanche (AVAX) $ 40.57 0.37%

Chainlink (LINK) $ 24.43 3.16%

Stellar (XLM) $ 0.473123 3.56%

Sui (SUI) $ 4.78 0.51%

hedera-hashgraph

Hedera (HBAR) $ 0.372604 3.60%

Shiba Inu (SHIB) $ 0.000024 4.27%

Wrapped stETH (WSTETH) $ 4,038.56 0.49%

the-open-network

Toncoin (TON) $ 5.47 0.94%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 102,734.53 1.77%

Polkadot (DOT) $ 7.25 0.27%

WETH (WETH) $ 3,368.55 0.33%

Litecoin (LTC) $ 128.63 4.97%

Bitcoin Cash (BCH) $ 476.96 0.22%

LEO Token (LEO) $ 9.76 0.13%

Uniswap (UNI) $ 14.43 1.05%

Bitget Token (BGB) $ 7.03 0.91%

Pepe (PEPE) $ 0.00002 5.19%

Hyperliquid (HYPE) $ 22.18 4.87%

Wrapped eETH (WEETH) $ 3,584.10 1.00%

NEAR Protocol (NEAR) $ 5.59 5.41%

USDS (USDS) $ 0.99854 0.18%

Ethena USDe (USDE) $ 0.997329 0.30%

Aptos (APT) $ 9.46 1.13%

internet-computer

Internet Computer (ICP) $ 10.92 2.25%

Aave (AAVE) $ 322.61 1.49%

VeChain (VET) $ 0.053713 0.38%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.492711 1.77%

Ethereum Classic (ETC) $ 27.40 1.41%

Monero (XMR) $ 219.58 1.65%

Render (RENDER) $ 7.72 2.12%

crypto-com-chain

Cronos (CRO) $ 0.141808 3.05%

Algorand (ALGO) $ 0.458073 6.34%

Bittensor (TAO) $ 466.67 3.57%

Kaspa (KAS) $ 0.147397 0.27%

Mantle (MNT) $ 1.09 3.28%

Dai (DAI) $ 1.00 0.02%

MANTRA (OM) $ 3.73 3.40%

Artificial Superintelligence Alliance (FET) $ 1.37 1.58%

Filecoin (FIL) $ 5.58 4.14%