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The growth of non-fungible tokens

31 July 2021

The growth of non-fungible tokens

The top NFT at one popular marketplace is CryptoPunks, which launched in 2017 as a fixed-set of 10,000 items. Sales of the individual pieces of the collection have raised more than 200,000 ethereum for sellers – an astonishing US$500 million.

Collectors have gone crazy over non-fungible tokens, a blockchain-driven authentication technology increasingly used in crypto collectibles. But before you dive right in to buy the latest CryptoPunk card, Excel V. Dyquiangco notes that you might not be buying everything you think you are.

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