🔶INTRODUCTION TO NFTS

NFT, the abbreviation of Non Fungible Token (non-fungible token), is a unique digital token issued on the blockchain.

Different from general homogeneous virtual currency, each NFT is irreplaceable, indivisible, and non-replicable.

Because of its unique attributes, NFT has been applied to many fields such as digital collections, artworks, games, sports, etc., building a bridge between the metaverse and the real world, and further realizing the assetization of virtual items.

The earliest NFT projects can be traced back to Crypto Punks. There are more than 10,000 NFT works in this series, each of which is an avatar made of pixels, with an average price of about 121,000 US dollars.

In 2020, the NFT ecology was initially formed, and the subsequent DeFi outbreak ushered in its first round of upsurge.

In 2021, NFT will gradually integrate with traditional art finance, entertainment media and other markets. The diversity of asset forms and good application scenarios will make the ecosystem continue to expand, with obvious spillover effects.