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Digital future: the rise of NFTs
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Cryptocurrencies are now being recognised by governments and accepted by major companies globally. Crypto coins like Bitcoin and Ethereum have helped the rise of new digital assets. One such digital asset is NFTs. In the first half of 2020, there was €12.1 million in NFT sales. This new industry combining new technology with art has skyrocketed 'to the moon' with €9.4 billion at the end of the third quarter of 2021.
The acronym NFT which has become popular both in the financial and art world stands for non-fungible tokens. An NFT is a unique identifier that can prove ownership of digital goods. They make digital works of art and other collectables into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.
Until the
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