Why NFT's Could be Tomorrow's Bitcoin

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NFTs are here, and they’re the future of cryptocurrency. NFTs will empower users to build unique, creative solutions to both practical and conceptual problems. NFT’s can be used as a tool for social interactions, the downfall of blockchain-based assets like Bitcoin, and digital scarcity which is a key factor in launching any market economy.As the years go on and we become increasingly accustomed to online currencies and tokens, the popularity of BNFT’s has grown. Truth be told, without the concept of cryptocurrencies, it would have been quite hard for NFT’s to gain the popularity they have today. NFT transactions in 2020, according to NonFungible.com, have skyrocketed, reaching $250 million. This is three times the amount of transactions recorded in the previous year.


(Image Source: Fusible)What is an NFT?NFTs are not another cryptocurrency or token, they’re a brand new way to store and exchange data. NFTs hold information within protocols that are designed to make their use both secure and social. Data is represented as tokens that can then be exchanged between users with complete privacy and authenticity guaranteed. This means that whenever someone wants to exchange data they do ...


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