Report Crypto & NFTs
Download the Crypto & NFTs report now
Report introduction: Report Crypto & NFTs
Cryptocurrencies are virtual commodities designed as currencies without a centralized authority which regulate them. Like a regular fiat currency, they acquire value only because their users agree upon that value. However, since there is no central authority to guarantee the price of these currencies, the price can be quite volatile. Today it is estimated that the top 20 cryptocurrencies make up nearly 90% of the total market.
Differently from physical money and cryptocurrencies previously described which are “fungible” (meaning they can be traded or exchanged for one another) NFTs are – as the name suggests – Non-Fungible Tokens. Basically, they are digital assets which represents real-world objects like art, music, in-game items or videos. They are generally encoded with the same underlying software as many cryptos. They are also bought and sold online, frequently with cryptocurrencies.