Magic Eden introduces semi-fungible tokens (SFTs) marketplace with Genopets

Magic Eden has introduced its “semi-fungible token” (SFT) marketplace with the blockchain game Genopets.

I’ll explain the SFT in a second, but you can think of it as a new take on non-fungible tokens (NFTs), which use the blockchain to authenticate unique digital items. Depending on who you talk to, NFTs could either revolutionize gaming with player ownerships or become a new way to fleece gamers.