Crypto downturn makes NFT artists get creative
With NFTs, each token has unique properties and isn't worth the same amount as other similar tokens. A non-fungible token is a unique identifier that can cryptographically assign and prove ownership of digital goods. These unique NBA moments are minted and released into the marketplacevia “pack drops.”The most common sell for only nine dollars, but more exclusive packs can sell for much more. NFTs' unique data makes it easy to verify and validate their ownership and the transfer of tokens between owners. Block proposers add your NFT transaction to a block and broadcast it to the rest of the network. In September 2021, thriller film Zero Contact became the first feature-length movie to be released as an NFT ; weeks later, pandemic-themed thriller Lockdown followed suit. In October, Tom Brady's NFT platform Autograph launched a music vertical, with The Weeknd as its first signing. Non-fungible tokens are cryptographically unique tokens that are linked to digital content,