NFT COLLECTIBLES AND THE EMERGING MARKETPLACES The crypto market is proving to be one of the fastest moving niches in terms of innovation. In just a decade, this industry has grown to feature multiple crypto asset categories - the latest being Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs). Both DeFi and NFTs are a hot topic in today’s crypto scene, although much of the development is still in the early stages. In this article, we will be taking a deeper look at the NFT landscape and how this emerging crypto market niche is structured. But first we need to break down the concept behind NFTs. Popularly referred to as ‘crypto collectibles’, NFTs are designed to be non-fungible cryptographic tokens. In simple terms, each NFT token has its own distinguishing attributes - this makes them unique and digitally scarce. The aspect of non-fungibility differentiates NFTs from market instruments that assume a fungible nature. In fact, leading crypto assets (BTC and ETH) fall in the latter category - one unit of BTC is essentially indistinguishable from another unit, the same applies to ETH. This means that two counterparties can exchange a unit of BTC for a similar unit as they both have the same value. https://www.drixx.com/blog/nft-collectibles-and-the-emerging-marketplaces #Cryptocurrency #Finance #NFT #Marketplaces #Marketing