Nyan Cat NFT Sells for 300 ETH, Opening Door to the 'Meme Economy'
"I've basically opened the door to a whole new meme economy in the crypto world," Nyan Cat's creator said.
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Feb 19, 2021 at 10:43 p.m. UTC
Feb 19, 2021
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.