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NFT s and Revolutionizing Security in the Art and Collectibles Market NEW YORK, April 7, 2021 /PRNewswire/ Despite COVID-19 s impact on galleries, auction houses and retailers, the global art market circulated more than $50 billion in art, while other collectibles such as coins and trading cards saw record sales. Amazingly, an estimated 10% of art is stolen annually, and an estimated 50% of all sports memorabilia is estimated to be fake per the FBI. To get a flavor of just how difficult it is to know if something is stolen and replaced with a near-perfect forgery, Interpol s stolen artwork database has more than 50,000 items across 134 countries listed in it. Experts note that scams and hacks are already hitting the exploding market of digital collectables known as NFT s (non-fungible tokens). Taking the collectables world by storm, a non-fungible token is a unit of data on a blockchain ledger that represents a unique underlying asset. As with most other things, crooks flock ....
Why NFT Speculation Has Shares of Takung Art, Jiayin Group, and Hall of Fame Resort & Entertainment Flying Today fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Non-fungible tokens are dominating headlines, yet even many advanced investors are not familiar with the new investable asset class. Fungible Vs. Non-Fungible: NFTs simply refer to a unique digital item that people can buy and sell with each other. Some of the more common NFTs in 2021 include collectibles and digital art. Taking a step back, it is important to talk about what exactly constitutes a fungible asset. Strictly speaking, a fungible asset or item is something that can easily be replaced with another identical item. Bitcoin (Crypto: BTC) is one example of a fungible asset. If you have one bitcoin and sell it today, another bitcoin can be bought back the next day. ....
„Es war ein dummer Krieg – jeder, der dabei war, war ein Trottel" – Ein US-Präsident klärte die Amerikaner auf linkezeitung.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from linkezeitung.de Daily Mail and Mail on Sunday newspapers.