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NFT VAULT LLC

photos · videos · and audio. Because NFTs are uniquely identifiable · they differ from cryptocurrencies (which are fungible · hence the name non-fungible token) · and as a result they can't be copied · substituted · or subdivided. &#91 · 1 &#93 · Their ownership can be transferred by the owner · allowing NFTs to be sold and traded. Initially pitched in 2017 as a new class of investment asset · NFT trading increased from US$82&#160 · million in 2020 to US$17&#160 · billion in 2021. &#91 · 2 &#93 · Its market was occasionally compared to an economic bubble or a Ponzi scheme . &#91 · 3 &#93 · In 2022 · the NFT market collapsed · 4 &#93

Taftville, CT 06380

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photos
videos
and audio. Because NFTs are uniquely identifiable
they differ from cryptocurrencies (which are fungible
hence the name non-fungible token)
and as a result they can't be copied
substituted
or subdivided. &#91
1 &#93
Their ownership can be transferred by the owner
allowing NFTs to be sold and traded. Initially pitched in 2017 as a new class of investment asset
NFT trading increased from US$82&#160
million in 2020 to US$17&#160
billion in 2021. &#91
2 &#93
Its market was occasionally compared to an economic bubble or a Ponzi scheme . &#91
3 &#93
In 2022
the NFT market collapsed
4 &#93

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1 Characteristics Toggle Characteristics subsection 1.1 Copyright 2 History Toggle History subsection 2.1 Early projects 2.2 ERC-721: Non-Fungible Token Standard 2.2.1 Origins of the term "NFT" and its adoption 2.2.2 Influence 2.3 General NFT market 3 Uses Toggle Uses subsection 3.1 Commonly associated files 3.1.1 Digital art 3.1.2 Games 3.1.3 Music and film 3.1.4 Other associated files 3.2 Use cases of NFTs in science and medicine 3.3 Speculation 3.4 Money laundering 3.5 Other uses 4 Standards

Taftville, CT 06380

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