NFT (Non-Fungible Token)
An NFT is a unique digital token on a blockchain representing ownership of a specific asset—art, collectibles, music, virtual land, or any one-of-a-kind item.
Understanding the Concept
NFTs exploded in 2021, creating billion-dollar markets for digital art. Bored Apes sold for millions. CryptoPunks became status symbols. But the hype cooled hard—most NFTs are now worthless. What remains: NFTs provide verifiable digital ownership. Use cases beyond PFPs include: gaming items you actually own, event tickets, music royalties, and real-world asset tokenization. The technology isn't dead—it's finding real utility beyond speculation. If you trade NFTs, treat it like trading any speculative asset: research, manage risk, and don't bet more than you can lose.
Real-World Example
You buy a Pudgy Penguin NFT for 5 ETH. It's stored in your wallet—you actually own it, can sell it, or display it. If the floor price rises to 8 ETH, you can profit. If it drops to 1 ETH, you hold an expensive JPEG.
How Strykr Helps
Strykr tracks NFT developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
Try Strykr Free