NFT
MarketsDefinition
Non-Fungible Token. A blockchain-based ownership record for a unique digital (or sometimes physical) asset. Most live on Ethereum (ERC-721 standard) or Solana (Metaplex).
Use cases: digital art, profile pictures, in-game items, real-world asset receipts. Boom-bust cycle: $25B+ market cap in 2021, collapsed 90%+ in 2022-2023, partial recovery 2024.
Use cases: digital art, profile pictures, in-game items, real-world asset receipts. Boom-bust cycle: $25B+ market cap in 2021, collapsed 90%+ in 2022-2023, partial recovery 2024.