Unifty: The Crypto Firm Committed to Making NFTs Cheaper and More Accessible By DailyCoin – Investing.com
- Date: 21-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Unifty: The Crypto Firm Committed to Making NFTs Cheaper and More Accessible By DailyCoin – Investing.com
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” NFT website. Since 2020, some individual NFTs have sold for more than $50 million each.
In an exclusive interview with DailyCoin, Colin Platt, co-founder of Unifty claimed that there’s a need to make NFTs cheaper to create.
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