NFT,
BANKSY &
MAGIC JOHNSON Here is brief news published this morning!
#NFT stands for Non-Fungible Token. This token represents something unique and helps to provide its ownership. This market includes artwork, sports memorabilia and trading cards. Last year it grew to more than $250 million!
Magic Johnson, former NBA legend and now an independent director of sports merchandise company Fanatics said that β
the whole game has changedβ in the digital and physical collectible market. He also confirmed an opinion that thereβs going to be tremendous value created.
As for art,
Banksyβs piece βMoronsβ which pokes fun at art collectors has been burned before issuing an NFT. The piece was bought for roughly $100,000 and the burning was
live-streamed through the Twitter account
BurntBanksy, after which the team created an NFT to represent the artwork on the Ethereum-based OpenSea marketplace.
Just a small remark, Ethereum-based NFT #
ERC20 tokens can be stored in
your Guarda Wallet!