Generally, those passionate about NFTs are still keen and see the downturn as a blip caused by external pressures. Purchases spiked again in March 2023, according to NFT tracker CryptoSlam, and we've recently seen new virtual sneakers from Nike, and even a Tintin NFT. NFT use is back on the rise, and so many are still asking, just what are NFTs? Interest in non-fungible tokens may have fallen amid the generalised decline in crypto assets, but proclamations of their death have proved to be premature. What are NFTs? – why it's still important If you decide to venture into making NFTs of your own, see our guide to how to make and sell an NFT.
Once you're up to speed, you might want to see our pieces on the best NFT games and the best NFT crypto for creatives.
Several works of NFT art have sold for millions and we've seen NFT exhibits and installations at institutions as renowned as New York's MoMa.īelow, we'll explain what NFTs are. A concept that began as an experiment in new technology and became a way for artists to take ownership of their work and control its value, has since attracted major brands and celebrities.
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