Are NFTs Back? Why NFTs Will Make a Comeback in 2024

Opinions expressed by Entrepreneur contributors are their own.

In the last crypto industry bull run, we saw growing curiosity and experimentation from major financial institutions, a surge in numerous altcoins (non-Bitcoin cryptocurrencies) that are now ecosystem staples, major DeFi (decentralized finance) developments, positive regulatory actions, and of course, Bitcoin’s value reaching an all-time high. But in that whirlwind period, we can’t forget the unparalleled hype and interest surrounding something called non-fungible tokens, or NFTs.

For those who were absent, NFTs are a unique digital identifier recorded on the blockchain to certify ownership and authenticity of an asset—often, but not exclusively, a digital piece of art. NFTs rode the bull

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Judge holds veteran journalist Catherine Herridge in contempt for refusing to reveal her sources | CNN Business

CNN  —  A federal judge on Thursday held veteran journalist Catherine Herridge in contempt of court, fining her...

Dude, you’re not getting a Dell. So why is its stock soaring? | CNN Business

New York CNN  —  It’s not a good time to be selling PCs — Dell has been grappling with...

Judge skeptical of lawsuit brought by Elon Musk’s X over hate speech research

Enlarge this image Elon Musk departs the Phillip Burton Federal Building...