Jack Dorsey's NFT fall from $2.9 mn to $97, Nikhil Kamath cites report showing downfall of NFTs3 min read 04 Nov 2022, 12:44 PM IST
NFTs are digital items that can be bought and sold using this blockchain technology. But they are not fungible, making them a different type of asset.
The popularity of NFTs witnessed an explosion last year with some NFTs being sold or auctioned for millions of dollars. From cartoon tapes to video clips, sales of NFTs climbed $25 billion in 2021, a market tracker data had revealed.
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