NON-FUNGIBLE TOKEN
A special type of cryptographic token that is a representation of a unique digital asset that is not interchangeable. This is in contrast to cryptocurrencies like Bitcoin, and many networks or utility tokens that are fungible in nature.
NFT Market Facing Persistent Selling Pressure
Recent data shows that throughout April, the NFT market has had more sellers than buyers, indicating a potential lack of demand for NFTs.
Collector Accidentally Burns $200K CryptoPunk NFT
NFT collector accidentally sends a CryptoPunk NFT worth 77 ETH to a burn address, intending to borrow money against it to buy another NFT.
Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges
Ethereum accounts for almost half of the trading volume on top exchanges compared to a quarter a year ago.
What are NFTs?
A non-fungible token (NFT) is a special type of encrypted token that represents unique things such as encrypted art, digital collectibles, and online games.