Binance Academy
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7 Things You Need to Know About NFTs
Summary
NFTs are tokenized collectibles, they are available on the Binance Smart Chain (BSC) and Ethereum, valued for their exclusivity and rarity. The value of NFTs relies on their authenticity and rarity. It is therefore interesting to take a closer look at the token on a blockchain explorer.
NFTs have many more use cases than traditional art. In terms of innovation in the NFT sector, the BSC is not left out. Due to the recent popularity of NFTs in the news, popularity visible in the sale price of certain works, it is easy to draw a parallel between this phenomenon and the ICO madness of 2017. But in truth it is about two very different things.
NFTs are tokenized collectibles, they are available on the Binance Smart Chain (BSC) and Ethereum, valued for their exclusivity and rarity. The value of NFTs relies on their authenticity and rarity. It is therefore interesting to take a closer look at the token on a blockchain explorer.
NFTs have many more use cases than traditional art. In terms of innovation in the NFT sector, the BSC is not left out. Due to the recent popularity of NFTs in the news, popularity visible in the sale price of certain works, it is easy to draw a parallel between this phenomenon and the ICO madness of 2017. But in truth it is about two very different things.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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