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NFT
(Non-Fungible Token)
NFTs (Non-Fungible Tokens) are unique blockchain-based digital assets representing ownership of art, collectibles, or real-world items. Most NFTs use ETH's ERC-721 standard.
The 2021 NFT boom saw Beeple's "Everydays" sell for $69M and Bored Ape Yacht Club reach $2.9B floor value. Use cases span gaming (Axie Infinity), music (Kings of Leon albums), and identity (DAO memberships). However, the 2022 crash wiped ~90% of NFT trading volume. The SEC investigates NFT projects for unregistered securities (e.g., Stoner Cats). Unlike BTC, NFTs are indivisible and carry metadata, enabling novel digital scarcity models despite copyright enforcement challenges.
The 2021 NFT boom saw Beeple's "Everydays" sell for $69M and Bored Ape Yacht Club reach $2.9B floor value. Use cases span gaming (Axie Infinity), music (Kings of Leon albums), and identity (DAO memberships). However, the 2022 crash wiped ~90% of NFT trading volume. The SEC investigates NFT projects for unregistered securities (e.g., Stoner Cats). Unlike BTC, NFTs are indivisible and carry metadata, enabling novel digital scarcity models despite copyright enforcement challenges.