What Drives the Price of NFTs?

what drives the price of nfts

Unless you live under a rock, you have likely observed how non-fungible tokens (NFTs) have taken the internet by storm. Whether you spend your time scrolling Twitter or browsing through Facebook, it’s not uncommon to see a news article or a random comment mentioning NFT at least once a week.

But there are many reasons behind this popularity. For starters, these digital assets can represent any property, allow the easy transfer of ownership, and give you bragging rights for owning creations on the web.

Due to these factors, it’s not difficult to determine why NFTs have become such a powerhouse phenomenon across the web. But what still remains a mystery to many people is exactly how do you value an NFT after its creation.

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Is Bitcoin Legal? Legality of Bitcoin by Country

As cryptocurrencies grab more attention from the media and ordinary investors, and the market capitalization has climbed into the hundreds of billions of dollars, global regulators have had an increased interest in the growing sector.

This interest has affected the entire cryptocurrency market, but it has seen Bitcoin facing the most scrutiny as the oldest and most valuable cryptocurrency.

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What is a Bitcoin Hard Fork? Here’s What You Need to Know

Software development has used the term “forks” for a very long time as a way to describe a change in protocol, and since blockchain technology is based on software code it shouldn’t be surprising to know that this technical term is used in connection with Bitcoin and other cryptocurrencies.

Because forks are fairly common we should understand what they are and why they occur, and the logical place to begin with our study of forks is with Bitcoin, since it was Bitcoin that started the cryptocurrency revolution.

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RingCT vs zk-SNARK: The Ultimate Guide to Monero and Zcash Privacy Mechanisms

It’s tragic that only ten years after the advent of Bitcoin we’re already making a genuine distinction between so-called private and non-private cryptocurrencies. Public-key cryptography is what made cryptocurrency possible and the founders of this revolutionary technology had only one thing in mind when they created it and that is, you guessed it – privacy.

The birth of the cryptocurrency represents a historical moment that cannot be portrayed as just a dot on the graph of technological progress. No. Bitcoin is a political statement. A statement for privacy and financial sovereignty. It didn’t just come out of the clear blue sky, and it wasn’t just Satoshi’s eureka moment; the idea of cryptocurrency has deep philosophical and ideological roots sprawling back to the Cypherpunk movement of the early 90s.

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What is Tezos? Complete Review

What is Tezos? Simply put, Tezos is a blockchain based, smart contracts platform that works on a self-governance and self-evolution model.

If the words “blockchain” coupled with “smart contracts” bring to the surface popular platforms like Ethereum and what some describe as the Chinese equivalent, NEO in your mind, then you might not be the only one.

Fortunately, the team at Tezos seems to be aware of that fact, since it promises that Tezos does indeed have significant differentiation over other blockchain platforms. The Tezos team primarily points to the self-amending properties of their platform.

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Review of Nano (formerly RaiBlocks): The Instant, Zero-fee Currency

Nano is the cryptocurrency project that was formerly known as RaiBlocks. In contrast with many of the other technologically complex crypto projects, it’s is refreshingly simple in its mission:

“Instant Transactions – Zero Fees – Infinitely Scalable
Digital currency for the real world – the fast and free way to pay for everything in life”

There’s nothing complex going on here. No smart contracts, child chains, AI neural networks or cross-chain happenings. It’s just a simple, straightforward project with some interesting technology to back it all up.

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What is Ethereum Governance? Complete Beginner’s Guide

Whether you have recently ventured into the world of blockchain or have been camping around this space for a while, you would certainly agree with one thing: Ethereum is one name that simply does not need any introduction.

As a home to Ether (ETH), the second largest cryptocurrency in the world, and with the distinction of being the world’s largest public blockchain platform, Ethereum has quite a few feathers in its cap.

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10 Ways to Earn Cryptocurrency (Bitcoin, Ethereum, Litecoin)

If you’re looking for a way to earn some Bitcoin you’ve come to the right place. This article will tell you 10 different ways in which you can earn Bitcoin and other cryptocurrencies online. Just remember I said earn though. These aren’t giveaways, and you’ll need to contribute something, whether that be your time, your computer’s processing power, or something else.

You’ll find that some of the methods I give you below are both quick and easy, but also yield very small returns. Other ways will yield more cryptocurrency, but will also require more work, or in-depth knowledge about cryptocurrencies and market forces.

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Ripple vs Bitcoin – A Comparative Study

The now famous Bitcoin whitepaper released in 2008 by Satoshi Nakamoto was the basis for the creation of a peer-to-peer electronic cash that has begun to disrupt financial markets. Bitcoin (BTC), when launched in 2009, became the very first cryptocurrency based on a peer-to-peer cryptographically secured network. And it exists without a central authority providing oversight and governance.

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