NFTs (Non-Fungible Tokens) have recently become a topic of great interest, especially in the digital art and collecting world. But what exactly are NFTs?

Briefly, NFTs are unique, immutable and non-repeatable digital tokens that use blockchain technology to record their ownership and authenticity.. This means that each NFT represents a one-of-a-kind digital asset, such as an artwork, video, song, meme or any other type of content.

NFTs use the blockchain and make the most of its cornerstones: immutability, transparency, and security. In this way, each time an NFT is bought or sold, its ownership is transferred and recorded “on the chain.” This data will be kept safe, visible to everyone and cannot be changed.

NFTs are becoming increasingly popular, especially in the digital art world. With these tokens, artists can create unique digital artworks and sell their properties to digital collectors. This has created new opportunities for artists to monetize their work. It also eliminates the need for intermediaries. like traditional auction houses. A big advantage of this system is recognize royalties for future sales of the work itselffurther enhances the work of artists.

But NFTs are also used in other industries such as music, gaming, sports and even digital real estate. NFTs represent a new form of digital ownership that allows everyone to own a unique piece.

Right now, fastest growing industry. What was previously considered a simple “add-on” can become an NFT and – thanks to its rarity and features – a unique piece on the secondary market. NFT applications create new economies, allowing not only companies but also players to make money.

Axie Infinity is currently one of the most popular NFT video games.

However, the use of NFTs in video games is not without criticism. In fact, non-tradable tokens can create an insurmountable gap between players who can buy valuable virtual items and those who are unwilling or unable to spend money. Also, many NFT-based video games highly profitable economy for first users, but does not guarantee sufficient sustainability over time and causing collections to depreciate at the expense of the last entrants.

In recent months, the NFT industry has seen a sharp decline in volumes and prices that were initially high due to FOMO for this new standard. We are witnessing that projects created for fun or with unimportant features are gradually being phased out. leaving room for more structured and interesting projects.

The magnifying glass focused on this standard, but always with due care.