Everything You Wanted To Know About NFTs

[Alex077]

A herd of cartoon cats, a video of LeBron, a digital painting of 5,000 thumbnails - all of this has recently been turned into NFT tokens - a new tool for digital art buying and selling. NFT tokens are a hype topic in the world of cryptocurrencies today: three years ago, the entire NFT market was worth no more than $ 42 million, and by the end of 2020 it had grown by 705% to $ 338 million.

Canadian singer and artist Grimes sold through a crypto auction a collection of digital paintings for almost $ 6 million, which she created with her brother Mac Boucher. Kings of Leon are releasing their new album in NFT form. Terra Virtua is releasing Godzilla vs. Kong NFT to coincide with the film's release.

Despite the fact that there is no actual data for April 2021, the NFT market is undoubtedly growing at a very fast pace. It is enough to count how many tokens were sold in January and February 2021 - more than 150,000 NFT tokens worth $ 310 million - almost five times more than in the entire 2020....https://hackernoon.com/everything-you-wanted-to-know-about-nfts-wm1o34y6