As Markus pointed out, the NFT "jpgs" add a big change to the ongoing cryptocurrency industry. NFT volume also skyrocketed to 38,000 percent year-over-year. However, it should be emphasized that the market is so massive that it trades up to $2 billion per month, up by $400 million since the start of this year. This jab refers to NFTs in the market.Īs previously mentioned, many NFT assets imply digital artworks. He said it has "changed a lot since 2013." Ironically, when listing the differences, Markus only emphasized the addition of "jpgs" in the industry. Billy Markus and Elon Musk Tweets: NFT Marketsĭogecoin co-creator Billy Markus recently started a thread about cryptocurrencies. However, keep in mind that to interact with NFTs, the user must be familiar with the cryptocurrency industry. These assets may refer to photos, videos, audios and other digital files. NFT also serves as "ownership rights" over unique digital assets. NFT stands for "non-fungible token," which is a unique and non-interchangeable unit of data stored on the blockchain. Cryptocurrency experts Billy Markus and Elon Musk exchanged tweets about the NFT potential and how it could be "jpeging the dollar." Many investors are curious about its growth and momentum.
What is the future of NFT? Market trades with NFTs can reach up to $2 billion per month, making it a massively profitable industry.
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