What are NFTs and why are they so popular?

From the most famous Crypto Punks to the works of Hackatao, Giovanni Motta and Beeple through the great success of Axie Infinity, NFTs are conquering the business world, burning any predictable stage and attracting the attention of institutions, such as the New York Times, small and large investors.

What is a non-fungible token (NFT)?

Non-Fungible Tokens are similar to cryptocurrencies, such as Bitcoin, but whereas individual Bitcoins all have the same value and are interchangeable, each NFT has a different value. NFTs exist on your computer as digital representations of artworks, songs, films, event tickets, and games. What is a blockchain?

What does NFT stand for?

Non-Fungible Tokens (NFTs). Examining the Impact on Consumers and Marketing Strategies. p. 34. doi: 10.1007/978-3-031-07203-1. ISBN 978-3-031-07202-4. S2CID 250238540. ^ Starr, Michael (April 1, 2021). "Activist turns anti-Nazi act into commodified digital art". The Jerusalem Post. Retrieved October 13, 2021.

What are some NFT animal projects?

Another NFT animal project is Weird Whales. These pixelated whales have even attracted the attention of the New York Times because they were created by Benyamin Ahmed, a twelve-year-old British enthusiast of programming and Phyton, the software with which he made the drawings.