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Electroneum ‘s AnyTask enters NFT space

The non-fungible token (NFT) has shown a sustained increase in interest from those in the collectibles sector.

Electroneum ventured into the non-fungible token (NFT) space in December 2020 through a joint project with Blockchain Heroes.AnyTask.com is now also getting involved in this up and coming sector of crypto and blockchain by calling on online freelancers worldwide to get involved in the digital collectibles industry.

Non-fungible tokens (NFTs) explained

But what are NFTs? These are digital assets that represent a variety of unique tangible and non-tangible items. These range from collectible cards to virtual real estate and digital sneakers, as explained in a Coindesk article. NFT cards are the digital version of physical trading cards, such as Pokemon cards or the very popular sports cards.

Despite being on the blockchain and called tokens, NFTs cannot be directly exchanged for another, unlike cryptocurrencies, because no two non-fungible tokens are identical. That is the case even for NFTs that are on the same platform, game, or collection.

Because NFTs are on the blockchain, they are immutable and unforgeable. One of the main benefits of owning a virtual collectible versus a physical one is that each NFT contains information that makes them unique and verifiable.

NFT digital cards

Electroneum and Blockchain Heroes are involved in the NFT collectible cardscategory. These are basically a digital version of traditional trading cards, such as the baseball and football players’ cards worth millions of dollars in mint condition. According to an ESPN article, a 1952 Mickey Mantle card when for $5.2 million. Mantle played for the Yankees his entire baseball career from 1951 to 1968.

Unlike traditional collectible trading cards, items created on the blockchain (such as NFTs) provide important benefits,” said the co-founder of Blockchain Heroes Joel Comm. “These advantages include transparent sales and trading history, immutable ownership records, provable scarcity, and unique minting identification numbers with each card.”

 

An article by Blockchaingamer dated 25 January 2021 has a list of the most expensive NFT cards to date. Cryptopunk’s Alien #2890 NFT card sold for just under $762,000 on 23 January 2021. That is especially meaningful when noting that NFTs first appeared three years ago. Cryptokitties, one of the world’s first blockchain games with over 1.5 million users, is credited with taking NFTs to the mainstream.

Read more about this  Here

Source : news.electroneum.com

 

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