NCFAs innovation and funding ecosystem

Kraken Report: Non-Fungible Tokens (NFTs): Redefining Digital Scarcity

Kraken Blog | Sep 30, 2021

Kraken NFT digital scarcity report - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital ScarcityNon-Fungible Tokens are perhaps the most exciting development in crypto this year. While many believe the future of NFTs to be bright, few understand their value and potential. To separate hype from hard facts, Kraken Intelligence has compiled an in-depth report outlining what they are, how they work, and why they’re valuable.

Download “Non-Fungible Tokens (NFTs): Redefining Digital Scarcity” to learn why celebrities, sports teams and even corporations like Visa are diving head-first into this technological innovation that enables provable, verifiable ownership of everything from graphic art, to music, to real estate.

Owning and Storing NFTs

After a collection is entirely minted, most NFTs are typically available for purchase on secondary markets. Most corresponding content or art is likely stored off-chain to reduce costs and some creators may store it in a centralized server — which could increase the risk of a dead link to the NFT should the server fail or shut down.

See:  Twitch streamer clips, an NFT marketplace backed by Mark Cuban and Coinbase

What Makes NFTs Valuable

There are many factors that contribute to the value of NFTs. Value can be attributed to immutable ownership, digital scarcity and smart-contract-based governance. No matter how much time passes, an NFT’s history can be authenticated and it can not be duplicated.

NFT Homer pepe - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital Scarcity

Supplementary value lies in their ability to be utilized across applications and frictionless transfer via a secondary market. As barriers between content creators and their audience are removed, NFTs can disintermediate media platforms who monetize content at their discretion. This development can further empower the creator economy.

Continue to the full article --> here

Download the 35 page report on NFTs Digital Scarcity --> here


NCFA Jan 2018 resize - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital Scarcity The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital ScarcityFF Logo 400 v3 - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital Scarcitycommunity social impact - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital Scarcity

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Kraken Report:  Non-Fungible Tokens (NFTs): Redefining Digital Scarcity



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Leave a Reply

Your email address will not be published. Required fields are marked *