How Are NFTs And DeFi Shaping The Future Of The Crypto Portfolio?
Understanding NFTs Beyond Collectibles
When NFTs originally entered the public conversation, they were mostly associated with digital art, memes, and music albums selling for record-breaking prices. Their significance, however, is beyond novelty. NFTs are virtual properties that utilize blockchain technology in establishing ownership and scarcity. Unlike fungible cryptocurrencies such as Bitcoin or Ethereum, NFTs are singular and cannot be exchanged on an equal-to-equal basis.