Since then, Dave won the JPG magazine's 'Emotion Capture' contest in 2008 and the image went viral after it was posted online. The family went outside to see a controlled burn - a fire that is intentionally set to clear a property - and Dave snapped a photo of a smirking Zoe in front of the fire. But NFTs didn't move into the mainstream until five years later, when the blockchain game CryptoKitties began selling virtual cats in 2017. Writer and podcaster Andrew Steinwold traced the origins of NFTs back to 2012, with the creation of the Colored Coins cryptocurrency. For others, they are seen as an investment opportunity similar to cryptocurrencies, because the value could increase. For some, the reason may be emotional value, because NFTs are seen as collectors items. There's an array of reasons why someone may want to buy a NFT. ![]() Theoretically, anything digital could be turned into a NFT.Īt the moment, NFTs are most commonly sold in so-called 'drops', timed online sales by blockchain-backed marketplaces like Nifty Gateway, Opensea and Rarible. ![]() Most NFTs include some kind digital artwork, such as photos, videos, GIFs, and music. A Non-Fungible Token (NFT) is a unique digital token encrypted with an artist's signature and which verifies its ownership and authenticity and is permanently attached to the piece.
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