21
Jul
What Is An NFT? How Do NFTs Work?
Binance, the largest cryptocurrency exchange in the world, advertised that it would release its own Non-Fungible Token (NFT) market on June 24, following the steps of other major players in the industry, such as Gemini.
Like cryptocurrencies, NFTs are digital assets that register an immutable transaction on a blockchain. The majority of NFTs are currently operated on the Ethereum open-source, decentralized platform.
However, unlike a cryptocurrency such as Bitcoin, an NFT is unique and...