Non-Fungible Token or NFT for the Creator Economy
A Non-Fungible Token or NFT erupted in 2021, with virtual currency enthusiasts and traders scrambling to get a piece of the action. NFTs first came into existence in 2015, with the first few projects launching in 2017. Unique items, such as collectibles are sold online using NFTs. Because each piece is one-of-a-kind and cannot be duplicated, NFTs create exclusivity, making them attractive to collectors, artists, and other vendors. Several musicians and multimedia artists have recently explored the NFT sector to sell their creations as collectibles or art. WazirX, a cryptocurrency exchange in India, has officially launched India's first NFT platform.
Notable NFT Transactions
New billionaires have emerged due to the bitcoin boom, and they are exploring other cryptocurrencies to invest th...