NFTs, is it still worth getting involved? | by Titus | The Capital | Mar, 2021

 

Anyone who recognized this hype in good time was able to generate enormous profits with investments such as the flow tokens from Dapper Labs. But how sustainable are these price increases? Is the NFT sector already in a bubble?

Few people can relate to the term non-fungible token (NFT). More and more people interested in crypto are, therefore, likely to be amazed at the many NFT news of the last few days. Above all, the sense or nonsense of these tokens should not always be obvious.

In very simplified terms, NFTs are “unique” tokens that cannot be exchanged homogeneously like a Bitcoin or a security. The idea behind it: Every work of art only exists once, just as there is only one Internet domain, every piece of property in this world or the seat 34 F in a certain cinema or airplane. In the physical world, we are confronted with these “non-fungible,” that is, unique objects or (usage) rights, on a daily basis. Only with the help of blockchain technology is it now possible to…


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