Cryptocurrencies are just like money in real life.
However, instead of being offered by a legal regime like the state, the Blockchain world is not commonly regulated by any government. It is controlled by algorithms and mathematics.
Ultimately, NFT is different from money. If money is considered to be the same units, assuming 1,000 token is equivalent to the other 1,000 token, then NFT means various things of the same type. NFT refers to things that can be differentiated from one another.
When will the NFT bubble be "deflated"?
It's hard to answer this question. There's no denying the fact that the market is getting red-hot with the emergence of cutting-edge technology. Although the initial concern and preference might fade, those technological advances remain a powerful presence.
This happened in exactly the same way as the Internet. The first time it appeared, no one knew what it was, how it worked. Nevertheless, it has become an absolutely indispensable part of our lives in today’s society.
And that might come true for Blockchain in the foreseeable future.
However, instead of being offered by a legal regime like the state, the Blockchain world is not commonly regulated by any government. It is controlled by algorithms and mathematics.
Ultimately, NFT is different from money. If money is considered to be the same units, assuming 1,000 token is equivalent to the other 1,000 token, then NFT means various things of the same type. NFT refers to things that can be differentiated from one another.
When will the NFT bubble be "deflated"?
It's hard to answer this question. There's no denying the fact that the market is getting red-hot with the emergence of cutting-edge technology. Although the initial concern and preference might fade, those technological advances remain a powerful presence.
This happened in exactly the same way as the Internet. The first time it appeared, no one knew what it was, how it worked. Nevertheless, it has become an absolutely indispensable part of our lives in today’s society.
And that might come true for Blockchain in the foreseeable future.
