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Flow Price Down By 1 28% - Time To Buy FLOW?
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Anchorage Digital Adds Custody and Staking Support for Flow (FLOW) Tokens
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NFTs may be the future of art but are they threatening the future of the planet? By Sophie Lewis Crypto enthusiasts burn and digitize Banksy artwork
A digital artist known as Beeple sold a piece of entirely digital art through Christie s for over $69 million in March, flipping the art world upside down. But the digital registry where that piece of art, called an NFT, is stored is responsible for the annual emission of more carbon into the atmosphere than most small countries.
So why is everyone so eager to jump on the NFT bandwagon?
NFTs, or non-fungible tokens, are original, unique digital collectibles and they have taken over the art world in the past few months. They hold a unique string of code, stored on a digital ledger known as a blockchain, and their value fluctuates depending on demand.
The 13 Largest Global Startup Funding Rounds of March 2021
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NFTs Will Explode In Popularity According To New Report
Last Updated: 23 February 2021
NoneFungible stands as an analytics firm based in Canada. Recently, the firm has issued out a report about the NFT industry predicting that 2021 stands poised for a new bull market in the NFT space.
Rising New Trend For NFTs
Non-fungible tokens (NFTs) have long since been part of the crypto space, integrated into the Ethereum network through ERC-721. The concept itself was developed in 2018 by four individuals: Dieter Shirley, William Entriken, Nastassia Sachs, and Jacob Evans.
However, the NFT space had always been an obscure corner in the crypto space up until the year 2020, when all sorts of crazy things just suddenly started to happen in general. The second half of 2020 was the time of NFTs, and the market saw a 200% increase in sales, recording a volume of $9 million.