The concept of <a href="https://nftandgamefi.com/2022/02/05/understanding-nfts-everything-you-need-to-know-before-buying/" rel="noopener noreferrer nofollow">non-fungible tokens (NFTs)</a> can be traced back to the idea of digital ownership and scarcity, which has been discussed for decades in the context of digital art, music, and other digital assets. The term “non-fungible” refers to the fact that each NFT is unique and cannot be exchanged for another token on a one-to-one basis, unlike fungible tokens such as cryptocurrencies.The first NFT standard, ERC-721, was introduced to the Ethereum blockchain in 2017, paving the way for the creation and trading of unique, indivisible digital assets. This standard allowed developers to create smart contracts that could define and manage ownership of NFTs, making it possible to verify ownership and transfer them between parties.The concept of digital ownership and scarcity has been discussed for decades, and the first NFT-like projects, such as Rare Pepes, were created in the early 2010s. NFTs gained mainstream attention in 2021 when the digital artist Beeple sold his NFT artwork <a href="https://nftandgamefi.com/2022/05/10/most-expensive-nfts-ever/" rel="noopener noreferrer nofollow">for $69 million</a> at Christie’s auction house.The rise of NFTs in recent years has been driven by factors including the increasing popularity of blockchain technology, the desire for digital creators to monetize their work, and the growing interest in digital collectibles. NFTs have been used to represent a wide range of digital assets, including artwork, music, videos, tweets, and even virtual real estate in video games. The ability to prove ownership and scarcity has made NFTs a valuable asset for collectors and investors, with some NFTs selling for millions of dollars at auction.Read also: <a href="https://nftandgamefi.com/2023/02/01/nft-art-market/" rel="noopener noreferrer nofollow">The NFT impact: conventional and digital art</a><h2 id="header-0">Types of non-fungible tokens</h2><ol><li>Physical NFTs.</li><li>Phygital NFTs.</li><li>Ticketing NFTs.</li><li>Membership NFTs.</li><li>Time-based NFTs.</li><li>Metaverse NFTs</li><li>Fractional NFTs</li></ol>Read the full article: <a href="https://nftandgamefi.com/2023/03/20/types-of-nfts/" rel="noopener noreferrer nofollow">Physical, phygital and other types of NFTs: short overview</a>

Physical, phygital and other types of NFTs: short overview

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Alte articole publicate pe 24 mar. 2023

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