Non-Fungible Tokens (NFTs) are a type of cryptoasset that have redefined the models of ownership and methods in which companies engage with their customers.
NFTs have gained in popularity leading to an approximately $41 billion market cap*
Simply speaking, they are unique tokens that denote ownership of a digital file in which cryptography and open-source software distribute the information on a public ledger, known as the blockchain. While the primary use case for NFTs has primarily been used to reflect ownership of digital art or media, many new use cases have started to emerge. As a result, over the past year, NFT investment has accounted for some of the largest portion of blockchain/crypto venture deals.
Simply speaking, they are unique tokens that denote ownership of a digital file in which cryptography and open-source software distribute the information on a public ledger, known as the blockchain. While the primary use case for NFTs has primarily been used to reflect ownership of digital art or media, many new use cases have started to emerge. As a result, over the past year, NFT investment has accounted for some of the largest portion of blockchain/crypto venture deals.
