Whenever we hear the word NFTs, what comes to mind is blockchain technology and rightly so, NFTs which stands for Non-fungible tokens has their success and overall validity is built on the Ethereum blockchain technology acts as a ledger for a digital asset and acts to track the specific parts of that data.

NFTs became particularly prominent with the emergence of the COVID-19 pandemic, everybody is trying to provide a platform to survive and NFTs do just that with how it helps individuals place value on special physical assets like artworks, music, video clips, and so on as well as physical objects. NFTs since their emergence and especially its success have certainly divided attention as some people see it as a huge success that’ll surely be around for a while meanwhile, some see it as just brief success. Either way, it is surely a concept worth considering.

In this article, we try to explore the Nonfungible token space and bring our readers up to speed about what it entails. We cover the following as it relates to alternative assets;

NFTs supporting the meme set up for longevity as an art form
Social Tokens – Bridging gaps between creators and consumers while providing financial incentives.
NFTs Slowing Down – A Mere Facade? and
Exploring more ways to utilize the flexible NFT space through the invigorated NFT Avatars

Find out more at https://thetrend.is/wc-2nd-august-nft-update/

Week in Focus NFT’s – WC 2nd August

The Trend ISBy Stewart TownsendAug 15, 2021