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) $ 104,641.04 2.48%

Ethereum (ETH) $ 3,879.72 2.19%

Tether (USDT) $ 1.00 0.19%

XRP (XRP) $ 2.47 6.35%

BNB (BNB) $ 714.92 1.67%

Solana (SOL) $ 215.81 4.48%

Dogecoin (DOGE) $ 0.384969 4.16%

USDC (USDC) $ 1.00 0.15%

Lido Staked Ether (STETH) $ 3,876.69 2.29%

Cardano (ADA) $ 1.03 5.73%

TRON (TRX) $ 0.273533 4.78%

Avalanche (AVAX) $ 46.39 6.32%

Chainlink (LINK) $ 27.45 2.32%

Wrapped stETH (WSTETH) $ 4,601.00 2.00%

Shiba Inu (SHIB) $ 0.000026 5.34%

the-open-network

Toncoin (TON) $ 5.70 5.05%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 104,280.94 2.35%

Sui (SUI) $ 4.66 0.06%

Stellar (XLM) $ 0.425685 4.63%

Polkadot (DOT) $ 8.24 5.99%

hedera-hashgraph

Hedera (HBAR) $ 0.298497 1.88%

WETH (WETH) $ 3,875.80 2.35%

Bitcoin Cash (BCH) $ 519.90 4.07%

Uniswap (UNI) $ 15.62 4.09%

LEO Token (LEO) $ 9.66 0.56%

Pepe (PEPE) $ 0.000021 7.51%

Litecoin (LTC) $ 115.66 8.56%

Hyperliquid (HYPE) $ 24.76 9.31%

NEAR Protocol (NEAR) $ 6.16 9.44%

Wrapped eETH (WEETH) $ 4,092.13 2.33%

Aptos (APT) $ 12.83 4.09%

Ethena USDe (USDE) $ 1.00 0.05%

Bitget Token (BGB) $ 4.22 10.70%

internet-computer

Internet Computer (ICP) $ 11.96 4.25%

Aave (AAVE) $ 368.09 0.77%

USDS (USDS) $ 1.00 0.00%

crypto-com-chain

Cronos (CRO) $ 0.187025 5.38%

Ethereum Classic (ETC) $ 31.58 5.76%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.548567 6.56%

VeChain (VET) $ 0.054436 7.23%

Render (RENDER) $ 8.38 5.43%

Artificial Superintelligence Alliance (FET) $ 1.58 3.92%

Monero (XMR) $ 222.24 1.55%

Mantle (MNT) $ 1.17 4.03%

Arbitrum (ARB) $ 0.937077 4.63%

Bittensor (TAO) $ 527.52 1.69%

MANTRA (OM) $ 4.08 1.75%

Filecoin (FIL) $ 6.09 7.18%

WhiteBIT Coin (WBT) $ 25.07 1.41%

Kaspa (KAS) $ 0.137544 4.06%