One factor driving the skyrocketing trading volume is the growing popularity of NFT games. In-game items generated $2.3 billion of trading volume in that period, representing 22% of the total.
After the sale, the NFT is permanently recorded on the blockchain. See crypto minting and crypto glossary. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires permission.
Even physical objects can become NFTs by certifying their digital image and related data. See podcast and NFT. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires permission.
NFT gas fees surprised creators, adding financial strain during the boom. Ethereum's shift and alternatives offer relief from high NFT gas fees. Strategies like lazy minting and Polygon sidechains ...