When Lambo? Encryption initializes a supercar

Source www.benzinga.com © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights

The NFTs are hosted on the Ethereum (CRYPTO: ETH) blockchain and will be made compatible with the Enjin (CRYPTO: ENJ) protocol in the future. This kind of token enjoyed unprecedented attention over the last few months but is seemingly heading towards what some reports described as a “silent crash.” An animated video of the car in question was already minted as an NFT on Mar 28 by physical goods tokenization firm Digistoxx and released on the Rarible marketplace. The company specializes in digitizing super and hypercars and is currently working on releasing nine more cars as NFTs in collaboration with other collectors.

Related Stories NFTs are unique tokens because there are no two that are the same, which makes them different from standard crypto assets such as Bitcoin. The lack of fungibility makes those tokens particularly suitable for digitizing physical goods, as each token can be linked to a physical object even when released in series.

The News Highlights

  • When Lambo? Encryption initializes a supercar
  • Check the latest News news updates and information about business, finance and more.
See also  Teresa Woodard, Vice President of Trading Analysis at T. Rowe Price, Wins Women In Finance Award
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more
Compsmag - Tech News & Business
Enable registration in settings - general