Non-fungible tokens, or 'NFTs', have become a focus of global crypto attention this year, which has seen the native tokens of NFT platforms Rarible, Terra Virtua and ENJIN all hit all-time-highs in 2021. So what is an NFT, and why is there so much interest in the category? David Freuden investigates.
While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during the last seven days.