Why the $12 billion (and growing) NFT market needs 5G
Published May 05, 2022
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By David Cash
Published May 05, 2022
2021 was the year of the NFT. What was once a niche interest for a few cryptocurrency investors is now a global phenomenon, and NFTs, or non-fungible tokens, are finally being considered as more than simply “JPEGs.” Adopted by major brands and celebrities, NFTs are being bought, sold and talked about like never before. This nascent industry is still evolving, however—and 5G may be able to power it to new heights.
What are NFTs?
NFTs can be anything—because, at their core, they’re just a technology that allows for the record of the data to be permanently logged in a safe-yet-public manner: on the blockchain. And while cryptocurrency is also stored on the blockchain, NFTs are non-fungible.
About the author
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David Cash
David Cash is the founder of Cash Labs, which focuses on NFT drops and experiences. Their work has been seen in international outlets including Vogue, MTV and Netflix. Cash, who wrote a master’s thesis on NFTs and Decentralized Finance (DeFi), is currently the lead curator of Decentraland's Metaverse Fashion Week, a contributor on the metaverse to Vogue Singapore, the editor-in-chief of NFTS.WTF by Outlier Ventures and an adviser for many of the top organizations and artists in the NFT/Web3 space.
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