NewsBTC
2022-01-06 06:17:02

Why was 2021 an important year for NFT?

In the last few years, gaming has evolved to become something more than just a pastime. It is now a full-fledged industry with some of the biggest names in the business investing in it. Real money is being invested in virtual goods that don’t have any value in the outside world. NFTs are changing the game and maybe the next best thing to happen to the gaming industry. Thоugh NFTs hаve been аrоund sinсe 2014, it wasn’t until 2021 thаt this revоlutiоnаry teсhnоlоgy entered the mаinstreаm, аffeсting the аrt wоrld аnd а vаriety оf оther businesses. The NFT sсene hаs grоwn quiсkly during the lаst 12 mоnths. Non Fungible Tokens are the new trend in crypto – an immutable way to store digital assets or create unique virtual items that have value due to rarity, uniqueness or authenticity. NFTs could become a fundamental asset for building decentralized marketplaces like Open Sea, where anyone can buy and sell game items like CryptoKitties (non-fungible tokens) or Tron (fungible tokens). Non-fungible tokens can be put to many uses in games like NFTs for in-game assets, collectables, and more. They hold unique and specific information about the assets inside the games. There are a lot of projects that are shifting their focus on creating non-fungible tokens because it’s a great way to use the blockchain in a unique way. One such project in the NFT space is ENGN. ENGN is the world’s first blockchain-based gaming en...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.