Skip to main content

Posts

Showing posts with the label NFT non fungible tokens NFT in online ecommerce industry

The Future Of NFT In Online E-Commerce

  The NFT industry is one of the quickest-growing eCommerce industries, and it has enormous potential to continue growing even further. Imagine an online eCommerce site where all items are bought and sold like in-game items. Imagine that you can buy and sell rare digital items that can be used in a game or traded with other users to make a profit on any online store.  This will be  the future of NFT in the online e-commerce industry  as we know it today due to the advent of Non-Fungible Tokens. This article will look at what NFTs are, why they’re important, which e-commerce sectors can benefit from NFT and  the   future of NFT in the online e-commerce business . What Are Non-Fungible Tokens? Understanding what a non-fungible token is will equally help you know what a fungible token is! Let’s define an NFT first; well, NFT is based on ERC721 tokens! An ERC721 token is like any other cryptocurrency asset; it exists on top of Ethereum as part of its decen...