Non-fungible tokens, or NFTs, are simply unique digital tokens representing the ownership of a digital or physical asset. The concept of NFTs dates back to 2012. Since then, the NFT market has undergone unprecedented growth and development, soaring to its first high in 2017 with NFT projects such as CryptoPunks and CryptoKitties. The NFT space witnessed its best performance yet in 2021, with the massive uptake of the technology by many tech companies and individuals alike. Powering NFTs is the distributed ledger technology known as a blockchain. This infrastructure runs token standards that enable the creation of indivisible, easily verifiable, and digitally-native tokens. These collectibles have a vast scope of application, especially in representing ownership of assets and distributing creators’ work to fans.
Today’s crypto industry is flooded with millions of NFT projects spanning different creative sectors spanning music, digital art, gaming collectibles, virtual property, and many more. These NFTs are created on various blockchains and then listed on NFT marketplaces for users to explore and purchase. Some top NFT marketplaces are OpenSea, Sorare, Mist, Mintable, and Rarible. Don’t know where to start in your journey of exploring NFTs? Next NFT Drop has you covered! Access comprehensive NFT step-by-step guides on choosing an NFT project or how you can create, trade, or flip NFTs for profit. This guide also provides you with information on the latest NFT airdrops you can claim for free. Let’s get started!