The allure of nonfungible tokens (NFTs) has been growing in popularity recently, and for a good reason. Nonfungible tokens are a new form of asset that can represent anything from digital art to game items and are stored on the blockchain ledger. This implies that NFTs are unique, immutable and transparent.
People collect NFTs for a variety of reasons, including art appreciation, value speculation and as part of playing games like Decentraland or Cryptokitties that are based on blockchain technology.
There are many possible reasons that NFTs have become popular, and different people will have different reasons for investing in them. Ethereum has become the go-to network for creating these tokens, with the ERC-721 token standard being the most common in the space. However, this led to severe network congestion, heavy fees, and slow transaction processing times. Consequently, other blockchains have begun to offer their own solutions for NFTs.
One such solution is the Solana...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...