What is non-fungible token?
A NFT (non-fungible token) is a special cryptographically-generated token that uses blockchain technology to link with a unique digital asset that cannot be replicated.
''They are unique collectible assets that is a digital representation of a physical assets and unlimited, so they could have a very high price or increase in value over time''.
They were born in 2017 on the Ethereum network with the aim of financing decentralized application projects within their own blockchain.
- A way to represent anything unique as an Ethereum-based asset.
- NFTs are giving more power to content creators than ever before.
- Powered by smart contracts on the Ethereum blockchain.
How far can the price and speculation go with NFTs?
In 2018 inside CryptoKitties, a game built on Ethereum to raise and collect virtual cats, a user paid the sum of $ 172,000 for a cat named Dragon.
As an example of the craze for these types of collectibles, the following CryptoPunk was sold today for $ 115,808 :
¡¡¡ Over 100.000 $ M sold in crypto collectibles (NFTs) sales, last 30 days !!!
Best NFT to invest in 2021? ENJING!
Create blockchain assets without coding, and integrate them using the tools you already know and love. https://enjin.io/blog
Develop, monetize, and grow
virtual worlds of tomorrow.
web, mobile, and desktop apps.
Use no-code or low-code tools to bring blockchain to your website.
The ENJ token, from a startup company called Enjin, shot up 50% to surpass a market valuation of $1 billion. CoinDesk reported that Enjin planned to roll out two new product offerings focused on NFTs. ENJ is listed on big cryptocurrency exchanges including Binance and FTX, and there’s even derivatives contracts that can be used to bet on the price.
This is not an investing recommendation.