Non-fungible tokens (NFTs) have been on a roll this year, with $26.9 billion worth of cryptocurrency traded on the two popular types of Ethereum smart contracts associated with NFTs, according to an analysis by Chainalysis.
Non-fungible tokens (NFTs) have skyrocketed in popularity over the last year in a variety of industries from collectible art to games. NFTs use the security and transparency of the digital ledger of blockchain to authenticate the uniqueness of digital items. So it can be used to confirm that a piece of art or a game character is a one-of-a-kind collectible, and that is fueling new business models.

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