What Are NFTs? The Latest News by Cointelegraph
They can be used to prove the ownership of digital items like game skins right through to the ownership of physical assets. Much like when buying NFTs, you need to have a wallet set up, and it needs to be stuffed full of cryptocurrency. Though this hurdle is now being dismantled as NFT marketplaces and projects are enabling people to buy NFTs using fiat currency via credit and debit cards. For example, Ebay has acquired NFT marketplace KnownOrigin and is developing its non-fungible token content, enabling buyers and sellers to use credit and debit cards. Different types of digital goods can be "tokenized," such as artwork, items in a game, and stills or video from a live broadcast — NBA Top Shots is one of the largest NFT marketplaces. In March 2021, digital artist Beeple sold an NFT collage of his work for $69 million, making him the third most expensive living artist at auction, after David Hockney and Jeff Koons. Unique assets like Picasso paintings or rare baseball car