Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto

Why are NFT Hot?


Non-fungible tokens have become increasingly popular in the cryptocurrency market. While not entirely stable, these tokens hold value because of their utility; they are used as payment on services and applications.

Assets are things we generally ascribe value to they could either be real or digital. Digital assets: could either be digital collectables (e.g., rare coins, cards, etc.) or digital content (e.g., videos, images, etc.). 

 

Content is becoming increasingly synonymous with games and apps as the two go hand in hand. NFTs are becoming increasingly popular because they facilitate microtransactions but without the gambling elements. They can be exchanged for tangible things through sites such as Shopify Marketplace while offering many advantages over gift cards:

 

fungible tokens — like Bitcoin and Ethereum — have become famous lately. They’re being used to securely send funds to each other in new and exotic ways, like paying for lunch with Ethereum (airdrop) or clothes with Bitcoin (crowdsale). 

 

NFTs may also be used to represent ownership of things, including real estate, precious metals (gold, silver, platinum), computers/hardware (including OSX ), software (including WordPress ), and more! As more and more people get familiar with NFTs they’ll start to realize that there’s a lot more potential for creating value in these digital assets than ever realized.

 

How do you rate this article?

3


Michael Olanipekun
Michael Olanipekun

I am passionate about research in Finance, Big Data, Blockchain, Game theory and Artificial Intelligence


Michael Olanipekun
Michael Olanipekun

The blog will focus on using a Data-centric approach and in-depth research from my wealth of experience investing in crypto, DEFI and NFT. Content will focus on educational content in Financial Market, Cryptocurrency, Blockchain, Artificial intelligence and everything in between. medium @michaelolanipekun Linkedin : https://www.linkedin.com/in/michaelolanipekun/

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.