Tag: Non-fungible Token (NFT)

Let’s get right to it. In the third quarter of 2021, trading volume in NFTs (Non-fungible Tokens) hit a staggering $11 billion. That’s up 704% from the prior quarter and a mind-numbing 38,060% from the year-ago period.

That’s right: NFTs have grown 38,060% compared to 2020. And frankly, these nosebleed numbers took me by surprise.

To add even more bullish power, the first NFT-focused ETF, Defiance Digital Revolution ETF (NFTZ), just hit the streets.

These developments meant it was time to take another look at NFTs and what’s really under the hood of this brand new NFT ETF, the NFTZ.

If you missed my article in October about NFTs, take a look when you can. In the meantime, it won’t hurt to do a quick review of NFTs before we dive headlong into the nuts and bolts behind NFTZ.

What Is An NFT Again?

NFT stands for Non-fungible Token. And to understand what that means, you have to get your head around fungible and non-fungible. Continue reading "The New NFT ETF: Here's What It's All About" →

If you are wondering what all the hubbub is about when it comes to NFTs and cryptocurrency, you’ve come to the right place. I’ll break down what you need to know about this interesting side of crypto and whether or not it’s worth your hard-earned dollars.

So, let’s get to it!

What Are NFTs, Anyway?

To put it simply: NFT stands for “Non-fungible Token.” And since fungible means interchangeable, non-fungible is the opposite: It can’t be interchanged with another. There’s only one. Token stands for a crypto coin. Put them together; you get this: An NFT is a unique, one-of-a-kind crypto asset.

Here’s a couple of examples: Continue reading "What You Need To Know About NFTs" →