Unifty: The Crypto Firm Committed to Making NFTs Cheaper and More Accessible By DailyCoin – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

Unifty: The Crypto Firm Committed to Making NFTs Cheaper and More Accessible

Some people may think that non-fungible tokens (NFTs) are new to the crypto space, when in fact they’ve been around almost as long as .

The first use of NFTs dates back to 2012, with the development of color-coded Bitcoin. Each different color coin was linked to different software, with different capabilities and uses. For example, green coins could be programmed as currency, while purple Bitcoins could be linked to works of art.

Since then, NFTs were little more than novelties until they started gaining traction in 2017 at the launch of CrypoKitties and CryptoPunks, which are collections of digital trading cards.

According to nonfungible.com, total NFT sales in 2017 topped $30 million globally. Annual adoption and sales continued to grow through the end of 2020, when NFTs exploded into the mainstream, exceeding $315 million in yearly sales – due in large part to the launch of the NBA’s “Top Shot”...read more...