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Crypto Insider: Explaining the NFT Explosion
NFTs (non-fungible tokens) have formally taken the world by storm. Collins Dictionary named “NFT” 2021’s phrase of the yr. The usage of the time period elevated 11,000% this yr.
In fundamental phrases, an NFT is a chunk of digital content material linked to the blockchain. NFTs are additionally used to symbolize possession of distinctive gadgets, like items of artwork, collectibles and extra. So NFTs can function certificates of authenticity for a chunk of artwork. They usually may also be the artwork itself.
So how did NFTs go from being a distinct segment matter within the crypto neighborhood to a mainstream curiosity?
On this episode of Crypto Insider, Vin Narayanan and Andy Gordon present some background to reply that query. They discover a number of the high NFT-related headlines, the staggering development of NFT market OpenSea, the catalysts which have brought about the NTF explosion and extra.
Thanks for watching!
The publish Crypto Insider: Explaining the NFT Explosion appeared first on Early Investing.