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Alchemy Pay Launches Virtual Crypto Cards in Partnership with Visa and Mastercard
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Alchemy Pay and Cobo Custody Sign Strategic Cooperation to Integrate Fiat-Crypto Payment and Financial Services
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What is a non-fungible token (NFT)?
A non-fungible token (NFT) is a digital certificate of ownership that contains metadata unique to the token. Like cryptocurrency, NFTs are bought and sold through a blockchain that permanently records the transaction, but no one NFT is identical to another, unlike most crypto coins. These tokens are virtual representations of any actual or intangible asset, including artwork, music, video clips, digital trading cards, tokenized real-world assets, and virtual land.
How do NFTs work?
Much like cryptocurrency, NFTs use blockchain technology for advanced certification of transactions and are tradable on global platforms. NFTs break from traditional crypto is their unique attachment to a digital asset generated by a user and the subsequent auction-based sale of the NFT.
A year into the pandemic, Covid-19 has visibly put the world out of order, incurring a total loss of $28 trillion in production output. Now, the central question that concerns all policymakers around the world is how we can pick up the threads of the fallen economy and restore the system back to its working condition. However, according to Bloomberg, this enterprise may not be as easy as it sounds – in fact, the source suggests that even the robust macroeconomic stimulus may not suffice in recovering the soundness of the economic system. Instead, what governors should focus on is re-allocating the valuable economic drivers such as labour and capital, which became available in great plenitude throughout the crisis.