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A non-fungible token (NFT) is type of cryptographic token which represents ownership of a unique asset on the blockchain. No two NFT tokens have identical attributes, which means that the NFT that you hold exclusively belongs to you. It is yours, and only yours. Smart contracts prevent duplication and the public nature of blockchains ensure the scarcity of the asset. + expand
There are numerous benefits of fractionalizing NFTs. For the original owner, fractionalizing provides increased liquidity and quicker, more efficient price discovery, while reducing volatility. Secondly, it allows buyers either priced out of certain pieces, or those who want to diversify their portfolio over a more broad collection, the ability to do so. + expand
Though trading volume is far off its momentary peak of $310M in May, volume has rebounded recently, exceeding $110M in transactions during the last month, a figure that still is higher now than at any point from 2020. About ⅔ of that figure is through primary sales, while the rest is accounted for from secondary sales. A more bullish indicator is the 30 day moving average for the amount of active ... + expand
Cryptocurrencies are inherently risky, and emerging asset classes like NFTs are no exception towards the rule. In fact, as a whole, this asset class may carry even higher volatility than other crypto assets. While the NFT space has seen strong momentum, that may not always be the case; research accordingly and proceed with caution. + expand