Get to know your NFTs

shiny NFT non fungible token digital background

Nowadays, we hear a lot about Non-fungible tokens, aka NFTs. However, not everyone knows what can be added to the list. Browse through to get a gist about NFT and what all comes under the list. Let’s go!

What is NFT?

Let us first start with knowing what NFT is. Non-fungible tokens, commonly abbreviated as NFTs, are digital assets that cannot be copied, subdivided, or exchanged. These are recorded in the blockchain to ensure transparency and ownership. NFTs can be bought or traded in an NFT marketplace. The mentioned marketplace is a digital platform where all the NFTs are put out as an auction or direct sale. 

NFTs can range from an art to a musical note to even a moment in your favorite sport. That said, what are the possible NFTs right now flourishing in the marketplace? Let’s find out.

What are the NFTs in the marketplace?

As mentioned earlier, there are many NFTs released in the marketplace. They can be music notes, digital art, a book, and even an in-game asset. Yes! You heard me right. With the progress of Web 3 in gaming, the items bought inside an NFT-powered P2E game can be traded in the market for real-life money.

So what are the types we are talking about?

  1. Art
  2. Tweets 
  3. In-game NFTs
  4. Viral Videos
  5. Furniture
  6. iNFTs
  7. Memes

Conclusion

NFTs are on the rise. Along with that, the creations. The above NFTs are right now the best in the marketplace. Beeple’s Everydays: The First 5000 Days was sold for $69 million, and the NFT brought much attention to the NFT market. Another news article stated that the NFT artist Pak’s ‘Merge’ bagged $91.8 million. With this, the market has earned a large crowd of the public interested in NFT trading. 

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