Remember NFTs? They’re back, big time

Remember NFTs? They’re back, big time

by Virtuse Admin
13. September 2021
Remember NFTs? They’re back, big time

London (CNN Business)Plenty of ink was spilled earlier this year when investors, hobbyists and art enthusiasts started frantically buying up non-fungible tokens, or NFTs, in another crypto world craze.

Breaking it down: NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain. Notable examples include a decade-old “Nyan Cat” GIF, which sold for $600,000, and Twitter CEO Jack Dorsey’s first tweet, which hauled in $2.9 million.
Then the fervor subsided, and it looked like what some were calling a speculative bubble had popped. But last month, interest in NFTs surged again — triggering a new frenzy.

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