NFTs: A Guide To Understanding The Value Of Non-Fungible Tokens

The value of non-fungible tokens has been a hot topic this past year. NFTs are digital assets with unique and differentiating properties that can't be used or traded interchangeably. They are often designed to be worth much more than fungible tokens, which is to say that they can be worth over a million dollars.

NFTs are one of the newest innovations in the crypto space because they offer exciting possibilities for creating new types of digital assets and experiences. The term "NFT" is a bit of a misnomer since most tokens do have some fungibility (i.e., you can use or trade them interchangeably), though non-fungible tokens still make up the majority of all tokenized assets in the crypto space. So what does the future hold for NFTs? Read on to find out!

Introduction to NFTs

NFTs are digital assets with unique and differentiating properties. They can't be used or traded interchangeably and are often designed to be worth much more than fungible tokens, which is to say that they can be worth over a million dollars.

The Value of Non-Fungible Tokens

6 Reasons:

Non-fungible tokens are digital assets with unique and differentiating properties that can't be used or traded interchangeably. They often have a higher value than fungible tokens, which is to say that they can be worth over a million dollars.

Non-fungible tokens are one of the newest innovations in the crypto space because they offer exciting possibilities for creating new types of digital assets and experiences. The term "NFT" is a bit of a misnomer since most tokens do have some fungibility (i.e., you can use or trade them interchangeably), though non-fungible tokens still make up the majority of all tokenized assets in the crypto space. So what does the future hold for NFTs?

What Types of Non-Fungible Tokens Exist?

Non-fungible tokens are widely diverse and encompass an array of different types. For instance, non-fungible tokens may be created to represent unique collectibles such as a one-of-a-kind piece of art or a rare breed of animal.

Or they may represent in-game items that can be used in any number of games, like Cryptokitties.

The possibilities are endless!

Conclusion

Non-Fungible Tokens are a new, emerging asset class that is poised to disrupt the way we value, transact, and manage assets on the blockchain. We’ve compiled some of the best resources for those looking to learn more about this new form of digital property. Check them out!