The market for non-fungible tokens is estimated at billions of dollars

The market for non-fungible tokens is estimated at billions of dollars

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The market for non-fungible tokens is estimated at billions of dollars

The card with the image of Homer Simpson in the shape of Pepe the frog went for $ 320,000. Singer Grimes and part-time girlfriend Elona Musk sold her own NFT collection for $ 5.8 million in just 20 minutes. Pussy Riot soloist Nadezhda Tolokonnikova earned $ 190,000 from the sale of part of her NFT video, and blogger Ilya Varlamov received $ 14,000 for a gif with his own image. avatars in the form of people, monkeys and various creatures), went for $ 16.9 million.

Non-Fungible Token (NFT) is a unique virtual digital unit in the blockchain network. Essentially, each token is a digital equivalent of a certificate of authenticity. “If you and your neighbor exchange 10 euro bills, you will not lose, you will not win and, in principle, you will not feel any difference. That is, these bills are interchangeable. At the same time, your passport is unique in itself and cannot be replaced by the passport of your neighbor, ”explains gallery owner Marat Gelman. “The situation is similar with non-fungible tokens, they cannot be copied, and therefore every work assigned to them is a rarity.”

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