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How NFT Lost Its Crown: The Rise and Fall of the Blockchain King


Author: Aram Mohammed-Amin Qadir, MSc*, Bashdar Hakim Nuri, Student
Department of International Trade, Law and Administration College, University Of Halabja, Halabja, 46018, IRAQ.
Published Date: 2024-03-12
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Keywords: NFT, Crown, Rise, Fall, Blockchain, King, Dynamics, Narrative.
Abstract:
The use of Non-Fungible Tokens (NFTs) has increased recently. NFTs have revolutionized various industries and opened new avenues for creators, investors, and enthusiasts alike. Blockchain technology underpins these distinctive digital assets, guaranteeing their ownership, scarcity, and authenticity. Then, CryptoKitties, a blockchain game on Ethereum that allows users to purchase, collect, breed, and sell numerous varieties of virtual cats, has been introduced to the digital world. This paper aims to shed light on the diverse applications of NFT in digital content, gaming, investment, and even domain names. This work article is a beta study based on fact-finding processes.