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.