By Hiba Hassan, head of design and communications department, SAE Institute Dubai
The NFT market has crashed, wiping out billions of dollars in value. DappRadar reported a drop in net sales from $12.5bn in 2022’s first quarter to $3.4bn in the third quarter. Whether trade volume, NFT games sales (Axie Infinity and Gods Unchained) or art collectibles (CryptoPunk and Bored Ape Yacht Club), crash reports have been filling news sites since spring. But what are NFTs, and why are they important?
A non-fungible token (NFT) is a form of digital unit coded on the blockchain, designating ownership to its holder. Each NFT is designed to be unique, unlike cryptocurrencies that are interchangeable. Wh
To continue reading this article you need to be registered with Campaign. Registration is free and only takes a minute. Register Now or sign in below if you already have an account.
