Non-fungible tokens \u2014 more commonly called NFTs \u2014 have taken the world by storm. Our team of experts helps you navigate the new and expansive world of NFTs and cryptocurrency, from art, gaming and sports to the metaverse.<\/p>
<\/p>
Bethany Hickey<\/a><\/b>Writer<\/i><\/p><\/div><\/p>Megan Shepherd<\/a><\/b>Editor<\/i><\/p><\/div><\/p>Chris Stead<\/a><\/b>Editor<\/i><\/p><\/div><\/p>Zak Killermann<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Mike Rheaume<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Louise Vinciguerra<\/a><\/b>Publisher<\/i><\/p><\/div><\/div><\/a>How to get started with NFTs<\/h3><\/div><\/div><\/section>NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>\n \n \n 5:44<\/div>\n <\/div>\n <\/iframe>\n <\/div>\n <\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><div class=\"importantText importantText__callout\">\n <p>\u201cFinder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year, and on average the panel expects NFT adoption to hit 6% by the end of 2022.\u201d<\/p>\n<\/div>\n<div class=\"has-padding-xsmall\"><\/div><p><a class=\"more-link-arrow\" href=\"#top\">Finder\u2019s NFT predictions report<\/a><\/p><\/div><\/article><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\">NFT marketplaces<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Choosing the right NFT marketplace starts with knowing its offerings, benefits and drawbacks. Marketplaces specialize in niches such as sports, gaming, art and music, while others are mixed marketplaces offering all categories of NFTs. Users can create, buy and sell NFTs on marketplaces, though most require Ether (ETH) to buy NFTs and a crypto wallet to complete transactions.<\/p><\/div><\/div><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\"><a id=\"NFTs\"><\/a>NFT Games<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">NFTs aren\u2019t just for collecting \u2014 they often add a layer of utility to blockchain-based games. There are many NFT games to choose from, including NFT trading card games, farming simulators, real estate simulations, role-playing, battle royales and more. Some NFT games offer the opportunity to earn cryptocurrency while playing, called play-to-earn (P2E). <\/p><\/div><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Some NFTs are meant to be collected and displayed. Many NFT collections feature 10,000+ NFTs, each with a similar theme but varying in appearance and value. NFT collections can be anything \u2014 funky avatars, cute animals, wearables and more. Even celebrities like Snoop Dogg, Grimes and Lindsay Lohan have NFT collections on offer. A few notable and valuable collections include Bored Ape Yacht Club, The Sandbox, Doodles, World of Women and CryptoPunks.<\/p><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png\" alt=\"Loaded Lions\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Loaded Lions<\/h5><p>The Loaded Lions NFT collection is a gaming collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png\" alt=\"UFC logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>UFC<\/h5><p>The UFC NFT collection is a sports collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg\" alt=\"Snopp dogg NFT\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Snoop-dogg<\/h5><p>Snoop-dogg NFT collection is a music collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png\" alt=\"Psycho kitties logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Psycho Kitties<\/h5><p>The Psycho Kitties NFT collection is an art collection on Crypto.com<\/p><\/div><\/article><\/div><\/div><\/div><div class=\"contentStrip contentStrip--niche\">\n <div class=\"content content--fixed\">\n <h2 class=\"contentStrip__title\"><\/h2>\n <div class=\"red-categoryIcons\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n <ul class=\"red-categories\">\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"red-categoryFeed\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n \n \n <\/div>\n <\/div>\n <\/div>\n\n \n <div class=\"red-guidesFeed\">\n \n \n <\/div>\n <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"top\">Finder\u2019s NFT predictions report<\/h3><p>The market cap of the NFT universe is predicted to double from <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11\" target=\"_blank\" rel=\"noopener\">7 billion in November 2021<\/a> to 14 billion in July 2022 and hit 26 billion by the end of the year, according to Finder\u2019s panel of over 30 fintech specialists. Finder\u2019s panel then predicts the NFT universe market cap will reach 146 billion by the end of 2025.<\/p><p>Thomson Reuters futurist, Joseph Raczynski, gave an end of year market cap prediction of 30 billion and thinks the NFT industry is an important space to watch.<\/p><p>\u201cNFTs are in an explosive exponential growth phase. This trumps what I saw in 2017 with the ICO. NFTs go well beyond art to community of people, or clubs, ownership of companies, and they will own a football club some day soon. This is the digital tokenization of assets \u2013 represented by a token. This is a significantly important space to watch grow,\u201d he said.<\/p><iframe id=\"datawrapper-chart-YFTZU\" title=\"NFT market capitalization predictions for 2022 and 2025\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/YFTZU\/1\/\" loading=\"lazy\"><\/iframe><p>Finder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year and on average the panel expects NFT adoption to hit 6% by the end of 2022.<\/p><p>CoinSmart CEO and cofounder, Justin Hatzman had the highest adoption rate prediction of 10%, alongside Rouge International managing director, Desmond Marshal.<\/p><p>\u201cI think a combination of FOMO and the metaverse is going to shoot that to double digits at least\u201d, said Hatzman.<\/p><iframe id=\"datawrapper-chart-hjvK6\" title=\"NFT adoption in the US 2021 and predicted adoption in 2022\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/hjvK6\/1\/\" loading=\"lazy\"><\/iframe><p>However while the NFT industry is forecast to grow significantly, not everyone thinks it\u2019s a good thing for the cryptocurrency category. While half the panel says NFTs are enhancing the credibility of the cryptocurrency category, just under a quarter think NFTs are actually undermining credibility.<\/p><p>Galia Digital\u2019s emerging technology consultation, Kate Baucherel put it this way:<\/p><p>\u201cThe NFT market has to get through a winnowing of poor quality content and lose the get rich quick \/ scam label, as crypto had to after the ICO rush. It will clean up and expand.\u201d<\/p><p>CoinFlip founder, Daniel Polotsky, who thinks NFT adoption will hit 5% this year, says NFTs are enhancing the cryptocurrency sector\u2019s credibility.<\/p><p>\u201cNFTs are giving artists and players the ability to issue their work directly to their fans on the blockchain\u2013no shipping needed! Collectors love NFTs, because their existence is confirmed on the blockchain and verified by miners; they can verify the entire history of each piece, and know it isn\u2019t fraudulent. Counterfeiters ruin the fun and value of collecting art\/memorabilia, and the blockchain has stepped in to fix this annoying issue once and for all. NFTs give the cryptocurrency industry a lot of credibility, because unlike gold 2.0 or decentralized finance, they are way more relevant to the average person; if something as universal as art can be put on a blockchain, then the possibilities are truly endless\u201d, he said.<\/p><iframe id=\"datawrapper-chart-BsYtO\" title=\"Are NFTs enhancing or undermining the credibility of the cryptocurrency category?\" width=\"100%\" scrolling=\"no\" aria-label=\"Pie Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/BsYtO\/1\/\" loading=\"lazy\"><\/iframe><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Is the NFT space the next billion dollar market or is it just another passing fad?<\/p>\n","protected":false},"author":385,"featured_media":1040105,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-masthead-one-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-921370","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to NFTs, nonfungible tokens explained | Finder Canada<\/title>\n<meta name=\"description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. 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A Beginners Guide \ud83e\uddca","description":"To understand non-fungible tokens (or NFTs), you'll need to understand a few things, which we'll break down for you in this video.\n\n\u23e9Skip to the good stuff\u23e9\n0:23 What are Non-fungible tokens (NFTs)?\n02:06 NFTs Psych 101\n02:53 Are NFTs just digital art?\n03:51 NFTs can be so much more than digital art\n\nCheck out our guide \ud83d\udc49 https:\/\/www.finder.com\/cryptocurrency\/nfts?utm_source=youtube&utm_medium=video&utm_campaign=crypto&utm_content=guide&utm_term=guides \n\nMillions of Americans use Finder to help them make better decisions. We can help you too.\n\nWe understand that making everyday life decisions such as finding a credit card, buying a home and saving for retirement can be daunting.\n\nThat\u2019s why we\u2019re here. Our goal is to help you navigate those complex decisions by making them less of a chore (and hopefully less of a bore, too!) Visit us @ https:\/\/www.finder.com\/\n\n#crypto #NFTs #Nonfungibletokens #finder","uploadDate":"2021-06-17T18:23:40Z","duration":"PT5M44S","url":"https:\/\/youtu.be\/wunrBREIkyE","contentUrl":"https:\/\/www.youtube.com\/watch?v=wunrBREIkyE","embedUrl":"https:\/\/www.youtube.com\/embed\/wunrBREIkyE","thumbnailUrl":"https:\/\/i.ytimg.com\/vi\/wunrBREIkyE\/maxresdefault.jpg"}]},"article_modified_time":"2022-03-30T11:48:01+00:00"},"custom_fields":{"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_wp_page_template":["page-masthead-one-column.php"],"_masthead_subheading":["{\"text\":\"More than collecting: Explore the utility and variety of nonfungible tokens.\"}"],"_content_type":["niche-content\/comparison\/niche-homepage"],"_masthead_image":["{\"id\":1040105,\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg\",\"title\":\"Image: Nikolay Amoseev\/Supplied\",\"alt\":\"NFTs\",\"shouldBorderBeRemoved\":false,\"srcSets\":[\"data:image\/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+\/HgAFhAJ\/wlseKgAAAABJRU5ErkJggg== 1w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=560 560w\",\"data:image\/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+\/HgAFhAJ\/wlseKgAAAABJRU5ErkJggg== 1w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=180&webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=360&webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=560&webp=1 560w\"]}"]},"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/385"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=921370"}],"version-history":[{"count":13,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370\/revisions"}],"predecessor-version":[{"id":1067304,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370\/revisions\/1067304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1040105"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=921370"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=921370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Megan Shepherd<\/a><\/b>Editor<\/i><\/p><\/div><\/p>Chris Stead<\/a><\/b>Editor<\/i><\/p><\/div><\/p>Zak Killermann<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Mike Rheaume<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Louise Vinciguerra<\/a><\/b>Publisher<\/i><\/p><\/div><\/div><\/a>How to get started with NFTs<\/h3><\/div><\/div><\/section>NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>\n \n \n 5:44<\/div>\n <\/div>\n <\/iframe>\n <\/div>\n <\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><div class=\"importantText importantText__callout\">\n <p>\u201cFinder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year, and on average the panel expects NFT adoption to hit 6% by the end of 2022.\u201d<\/p>\n<\/div>\n<div class=\"has-padding-xsmall\"><\/div><p><a class=\"more-link-arrow\" href=\"#top\">Finder\u2019s NFT predictions report<\/a><\/p><\/div><\/article><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\">NFT marketplaces<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Choosing the right NFT marketplace starts with knowing its offerings, benefits and drawbacks. Marketplaces specialize in niches such as sports, gaming, art and music, while others are mixed marketplaces offering all categories of NFTs. Users can create, buy and sell NFTs on marketplaces, though most require Ether (ETH) to buy NFTs and a crypto wallet to complete transactions.<\/p><\/div><\/div><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\"><a id=\"NFTs\"><\/a>NFT Games<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">NFTs aren\u2019t just for collecting \u2014 they often add a layer of utility to blockchain-based games. There are many NFT games to choose from, including NFT trading card games, farming simulators, real estate simulations, role-playing, battle royales and more. Some NFT games offer the opportunity to earn cryptocurrency while playing, called play-to-earn (P2E). <\/p><\/div><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Some NFTs are meant to be collected and displayed. Many NFT collections feature 10,000+ NFTs, each with a similar theme but varying in appearance and value. NFT collections can be anything \u2014 funky avatars, cute animals, wearables and more. Even celebrities like Snoop Dogg, Grimes and Lindsay Lohan have NFT collections on offer. A few notable and valuable collections include Bored Ape Yacht Club, The Sandbox, Doodles, World of Women and CryptoPunks.<\/p><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png\" alt=\"Loaded Lions\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Loaded Lions<\/h5><p>The Loaded Lions NFT collection is a gaming collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png\" alt=\"UFC logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>UFC<\/h5><p>The UFC NFT collection is a sports collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg\" alt=\"Snopp dogg NFT\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Snoop-dogg<\/h5><p>Snoop-dogg NFT collection is a music collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png\" alt=\"Psycho kitties logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Psycho Kitties<\/h5><p>The Psycho Kitties NFT collection is an art collection on Crypto.com<\/p><\/div><\/article><\/div><\/div><\/div><div class=\"contentStrip contentStrip--niche\">\n <div class=\"content content--fixed\">\n <h2 class=\"contentStrip__title\"><\/h2>\n <div class=\"red-categoryIcons\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n <ul class=\"red-categories\">\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"red-categoryFeed\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n \n \n <\/div>\n <\/div>\n <\/div>\n\n \n <div class=\"red-guidesFeed\">\n \n \n <\/div>\n <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"top\">Finder\u2019s NFT predictions report<\/h3><p>The market cap of the NFT universe is predicted to double from <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11\" target=\"_blank\" rel=\"noopener\">7 billion in November 2021<\/a> to 14 billion in July 2022 and hit 26 billion by the end of the year, according to Finder\u2019s panel of over 30 fintech specialists. Finder\u2019s panel then predicts the NFT universe market cap will reach 146 billion by the end of 2025.<\/p><p>Thomson Reuters futurist, Joseph Raczynski, gave an end of year market cap prediction of 30 billion and thinks the NFT industry is an important space to watch.<\/p><p>\u201cNFTs are in an explosive exponential growth phase. This trumps what I saw in 2017 with the ICO. NFTs go well beyond art to community of people, or clubs, ownership of companies, and they will own a football club some day soon. This is the digital tokenization of assets \u2013 represented by a token. This is a significantly important space to watch grow,\u201d he said.<\/p><iframe id=\"datawrapper-chart-YFTZU\" title=\"NFT market capitalization predictions for 2022 and 2025\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/YFTZU\/1\/\" loading=\"lazy\"><\/iframe><p>Finder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year and on average the panel expects NFT adoption to hit 6% by the end of 2022.<\/p><p>CoinSmart CEO and cofounder, Justin Hatzman had the highest adoption rate prediction of 10%, alongside Rouge International managing director, Desmond Marshal.<\/p><p>\u201cI think a combination of FOMO and the metaverse is going to shoot that to double digits at least\u201d, said Hatzman.<\/p><iframe id=\"datawrapper-chart-hjvK6\" title=\"NFT adoption in the US 2021 and predicted adoption in 2022\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/hjvK6\/1\/\" loading=\"lazy\"><\/iframe><p>However while the NFT industry is forecast to grow significantly, not everyone thinks it\u2019s a good thing for the cryptocurrency category. While half the panel says NFTs are enhancing the credibility of the cryptocurrency category, just under a quarter think NFTs are actually undermining credibility.<\/p><p>Galia Digital\u2019s emerging technology consultation, Kate Baucherel put it this way:<\/p><p>\u201cThe NFT market has to get through a winnowing of poor quality content and lose the get rich quick \/ scam label, as crypto had to after the ICO rush. It will clean up and expand.\u201d<\/p><p>CoinFlip founder, Daniel Polotsky, who thinks NFT adoption will hit 5% this year, says NFTs are enhancing the cryptocurrency sector\u2019s credibility.<\/p><p>\u201cNFTs are giving artists and players the ability to issue their work directly to their fans on the blockchain\u2013no shipping needed! Collectors love NFTs, because their existence is confirmed on the blockchain and verified by miners; they can verify the entire history of each piece, and know it isn\u2019t fraudulent. Counterfeiters ruin the fun and value of collecting art\/memorabilia, and the blockchain has stepped in to fix this annoying issue once and for all. NFTs give the cryptocurrency industry a lot of credibility, because unlike gold 2.0 or decentralized finance, they are way more relevant to the average person; if something as universal as art can be put on a blockchain, then the possibilities are truly endless\u201d, he said.<\/p><iframe id=\"datawrapper-chart-BsYtO\" title=\"Are NFTs enhancing or undermining the credibility of the cryptocurrency category?\" width=\"100%\" scrolling=\"no\" aria-label=\"Pie Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/BsYtO\/1\/\" loading=\"lazy\"><\/iframe><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Is the NFT space the next billion dollar market or is it just another passing fad?<\/p>\n","protected":false},"author":385,"featured_media":1040105,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-masthead-one-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-921370","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to NFTs, nonfungible tokens explained | Finder Canada<\/title>\n<meta name=\"description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. 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Chris Stead<\/a><\/b>Editor<\/i><\/p><\/div><\/p>Zak Killermann<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Mike Rheaume<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Louise Vinciguerra<\/a><\/b>Publisher<\/i><\/p><\/div><\/div><\/a>How to get started with NFTs<\/h3><\/div><\/div><\/section>NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>\n \n \n 5:44<\/div>\n <\/div>\n <\/iframe>\n <\/div>\n <\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><div class=\"importantText importantText__callout\">\n <p>\u201cFinder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year, and on average the panel expects NFT adoption to hit 6% by the end of 2022.\u201d<\/p>\n<\/div>\n<div class=\"has-padding-xsmall\"><\/div><p><a class=\"more-link-arrow\" href=\"#top\">Finder\u2019s NFT predictions report<\/a><\/p><\/div><\/article><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\">NFT marketplaces<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Choosing the right NFT marketplace starts with knowing its offerings, benefits and drawbacks. Marketplaces specialize in niches such as sports, gaming, art and music, while others are mixed marketplaces offering all categories of NFTs. Users can create, buy and sell NFTs on marketplaces, though most require Ether (ETH) to buy NFTs and a crypto wallet to complete transactions.<\/p><\/div><\/div><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\"><a id=\"NFTs\"><\/a>NFT Games<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">NFTs aren\u2019t just for collecting \u2014 they often add a layer of utility to blockchain-based games. There are many NFT games to choose from, including NFT trading card games, farming simulators, real estate simulations, role-playing, battle royales and more. Some NFT games offer the opportunity to earn cryptocurrency while playing, called play-to-earn (P2E). <\/p><\/div><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Some NFTs are meant to be collected and displayed. Many NFT collections feature 10,000+ NFTs, each with a similar theme but varying in appearance and value. NFT collections can be anything \u2014 funky avatars, cute animals, wearables and more. Even celebrities like Snoop Dogg, Grimes and Lindsay Lohan have NFT collections on offer. A few notable and valuable collections include Bored Ape Yacht Club, The Sandbox, Doodles, World of Women and CryptoPunks.<\/p><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png\" alt=\"Loaded Lions\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Loaded Lions<\/h5><p>The Loaded Lions NFT collection is a gaming collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png\" alt=\"UFC logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>UFC<\/h5><p>The UFC NFT collection is a sports collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg\" alt=\"Snopp dogg NFT\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Snoop-dogg<\/h5><p>Snoop-dogg NFT collection is a music collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png\" alt=\"Psycho kitties logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Psycho Kitties<\/h5><p>The Psycho Kitties NFT collection is an art collection on Crypto.com<\/p><\/div><\/article><\/div><\/div><\/div><div class=\"contentStrip contentStrip--niche\">\n <div class=\"content content--fixed\">\n <h2 class=\"contentStrip__title\"><\/h2>\n <div class=\"red-categoryIcons\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n <ul class=\"red-categories\">\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"red-categoryFeed\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n \n \n <\/div>\n <\/div>\n <\/div>\n\n \n <div class=\"red-guidesFeed\">\n \n \n <\/div>\n <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"top\">Finder\u2019s NFT predictions report<\/h3><p>The market cap of the NFT universe is predicted to double from <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11\" target=\"_blank\" rel=\"noopener\">7 billion in November 2021<\/a> to 14 billion in July 2022 and hit 26 billion by the end of the year, according to Finder\u2019s panel of over 30 fintech specialists. Finder\u2019s panel then predicts the NFT universe market cap will reach 146 billion by the end of 2025.<\/p><p>Thomson Reuters futurist, Joseph Raczynski, gave an end of year market cap prediction of 30 billion and thinks the NFT industry is an important space to watch.<\/p><p>\u201cNFTs are in an explosive exponential growth phase. This trumps what I saw in 2017 with the ICO. NFTs go well beyond art to community of people, or clubs, ownership of companies, and they will own a football club some day soon. This is the digital tokenization of assets \u2013 represented by a token. This is a significantly important space to watch grow,\u201d he said.<\/p><iframe id=\"datawrapper-chart-YFTZU\" title=\"NFT market capitalization predictions for 2022 and 2025\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/YFTZU\/1\/\" loading=\"lazy\"><\/iframe><p>Finder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year and on average the panel expects NFT adoption to hit 6% by the end of 2022.<\/p><p>CoinSmart CEO and cofounder, Justin Hatzman had the highest adoption rate prediction of 10%, alongside Rouge International managing director, Desmond Marshal.<\/p><p>\u201cI think a combination of FOMO and the metaverse is going to shoot that to double digits at least\u201d, said Hatzman.<\/p><iframe id=\"datawrapper-chart-hjvK6\" title=\"NFT adoption in the US 2021 and predicted adoption in 2022\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/hjvK6\/1\/\" loading=\"lazy\"><\/iframe><p>However while the NFT industry is forecast to grow significantly, not everyone thinks it\u2019s a good thing for the cryptocurrency category. While half the panel says NFTs are enhancing the credibility of the cryptocurrency category, just under a quarter think NFTs are actually undermining credibility.<\/p><p>Galia Digital\u2019s emerging technology consultation, Kate Baucherel put it this way:<\/p><p>\u201cThe NFT market has to get through a winnowing of poor quality content and lose the get rich quick \/ scam label, as crypto had to after the ICO rush. It will clean up and expand.\u201d<\/p><p>CoinFlip founder, Daniel Polotsky, who thinks NFT adoption will hit 5% this year, says NFTs are enhancing the cryptocurrency sector\u2019s credibility.<\/p><p>\u201cNFTs are giving artists and players the ability to issue their work directly to their fans on the blockchain\u2013no shipping needed! Collectors love NFTs, because their existence is confirmed on the blockchain and verified by miners; they can verify the entire history of each piece, and know it isn\u2019t fraudulent. Counterfeiters ruin the fun and value of collecting art\/memorabilia, and the blockchain has stepped in to fix this annoying issue once and for all. NFTs give the cryptocurrency industry a lot of credibility, because unlike gold 2.0 or decentralized finance, they are way more relevant to the average person; if something as universal as art can be put on a blockchain, then the possibilities are truly endless\u201d, he said.<\/p><iframe id=\"datawrapper-chart-BsYtO\" title=\"Are NFTs enhancing or undermining the credibility of the cryptocurrency category?\" width=\"100%\" scrolling=\"no\" aria-label=\"Pie Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/BsYtO\/1\/\" loading=\"lazy\"><\/iframe><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Is the NFT space the next billion dollar market or is it just another passing fad?<\/p>\n","protected":false},"author":385,"featured_media":1040105,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-masthead-one-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-921370","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to NFTs, nonfungible tokens explained | Finder Canada<\/title>\n<meta name=\"description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. 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A Beginners Guide \ud83e\uddca","description":"To understand non-fungible tokens (or NFTs), you'll need to understand a few things, which we'll break down for you in this video.\n\n\u23e9Skip to the good stuff\u23e9\n0:23 What are Non-fungible tokens (NFTs)?\n02:06 NFTs Psych 101\n02:53 Are NFTs just digital art?\n03:51 NFTs can be so much more than digital art\n\nCheck out our guide \ud83d\udc49 https:\/\/www.finder.com\/cryptocurrency\/nfts?utm_source=youtube&utm_medium=video&utm_campaign=crypto&utm_content=guide&utm_term=guides \n\nMillions of Americans use Finder to help them make better decisions. We can help you too.\n\nWe understand that making everyday life decisions such as finding a credit card, buying a home and saving for retirement can be daunting.\n\nThat\u2019s why we\u2019re here. Our goal is to help you navigate those complex decisions by making them less of a chore (and hopefully less of a bore, too!) Visit us @ https:\/\/www.finder.com\/\n\n#crypto #NFTs #Nonfungibletokens #finder","uploadDate":"2021-06-17T18:23:40Z","duration":"PT5M44S","url":"https:\/\/youtu.be\/wunrBREIkyE","contentUrl":"https:\/\/www.youtube.com\/watch?v=wunrBREIkyE","embedUrl":"https:\/\/www.youtube.com\/embed\/wunrBREIkyE","thumbnailUrl":"https:\/\/i.ytimg.com\/vi\/wunrBREIkyE\/maxresdefault.jpg"}]},"article_modified_time":"2022-03-30T11:48:01+00:00"},"custom_fields":{"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_wp_page_template":["page-masthead-one-column.php"],"_masthead_subheading":["{\"text\":\"More than collecting: Explore the utility and variety of nonfungible tokens.\"}"],"_content_type":["niche-content\/comparison\/niche-homepage"],"_masthead_image":["{\"id\":1040105,\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg\",\"title\":\"Image: Nikolay Amoseev\/Supplied\",\"alt\":\"NFTs\",\"shouldBorderBeRemoved\":false,\"srcSets\":[\"data:image\/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+\/HgAFhAJ\/wlseKgAAAABJRU5ErkJggg== 1w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=560 560w\",\"data:image\/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+\/HgAFhAJ\/wlseKgAAAABJRU5ErkJggg== 1w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=180&webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=360&webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=560&webp=1 560w\"]}"]},"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/385"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=921370"}],"version-history":[{"count":13,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370\/revisions"}],"predecessor-version":[{"id":1067304,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370\/revisions\/1067304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1040105"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=921370"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=921370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Zak Killermann<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Mike Rheaume<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Louise Vinciguerra<\/a><\/b>Publisher<\/i><\/p><\/div><\/div><\/a>How to get started with NFTs<\/h3><\/div><\/div><\/section>NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>\n \n \n 5:44<\/div>\n <\/div>\n <\/iframe>\n <\/div>\n <\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><div class=\"importantText importantText__callout\">\n <p>\u201cFinder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year, and on average the panel expects NFT adoption to hit 6% by the end of 2022.\u201d<\/p>\n<\/div>\n<div class=\"has-padding-xsmall\"><\/div><p><a class=\"more-link-arrow\" href=\"#top\">Finder\u2019s NFT predictions report<\/a><\/p><\/div><\/article><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\">NFT marketplaces<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Choosing the right NFT marketplace starts with knowing its offerings, benefits and drawbacks. Marketplaces specialize in niches such as sports, gaming, art and music, while others are mixed marketplaces offering all categories of NFTs. Users can create, buy and sell NFTs on marketplaces, though most require Ether (ETH) to buy NFTs and a crypto wallet to complete transactions.<\/p><\/div><\/div><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\"><a id=\"NFTs\"><\/a>NFT Games<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">NFTs aren\u2019t just for collecting \u2014 they often add a layer of utility to blockchain-based games. There are many NFT games to choose from, including NFT trading card games, farming simulators, real estate simulations, role-playing, battle royales and more. Some NFT games offer the opportunity to earn cryptocurrency while playing, called play-to-earn (P2E). <\/p><\/div><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Some NFTs are meant to be collected and displayed. Many NFT collections feature 10,000+ NFTs, each with a similar theme but varying in appearance and value. NFT collections can be anything \u2014 funky avatars, cute animals, wearables and more. Even celebrities like Snoop Dogg, Grimes and Lindsay Lohan have NFT collections on offer. A few notable and valuable collections include Bored Ape Yacht Club, The Sandbox, Doodles, World of Women and CryptoPunks.<\/p><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png\" alt=\"Loaded Lions\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Loaded Lions<\/h5><p>The Loaded Lions NFT collection is a gaming collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png\" alt=\"UFC logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>UFC<\/h5><p>The UFC NFT collection is a sports collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg\" alt=\"Snopp dogg NFT\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Snoop-dogg<\/h5><p>Snoop-dogg NFT collection is a music collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png\" alt=\"Psycho kitties logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Psycho Kitties<\/h5><p>The Psycho Kitties NFT collection is an art collection on Crypto.com<\/p><\/div><\/article><\/div><\/div><\/div><div class=\"contentStrip contentStrip--niche\">\n <div class=\"content content--fixed\">\n <h2 class=\"contentStrip__title\"><\/h2>\n <div class=\"red-categoryIcons\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n <ul class=\"red-categories\">\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"red-categoryFeed\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n \n \n <\/div>\n <\/div>\n <\/div>\n\n \n <div class=\"red-guidesFeed\">\n \n \n <\/div>\n <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"top\">Finder\u2019s NFT predictions report<\/h3><p>The market cap of the NFT universe is predicted to double from <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11\" target=\"_blank\" rel=\"noopener\">7 billion in November 2021<\/a> to 14 billion in July 2022 and hit 26 billion by the end of the year, according to Finder\u2019s panel of over 30 fintech specialists. Finder\u2019s panel then predicts the NFT universe market cap will reach 146 billion by the end of 2025.<\/p><p>Thomson Reuters futurist, Joseph Raczynski, gave an end of year market cap prediction of 30 billion and thinks the NFT industry is an important space to watch.<\/p><p>\u201cNFTs are in an explosive exponential growth phase. This trumps what I saw in 2017 with the ICO. NFTs go well beyond art to community of people, or clubs, ownership of companies, and they will own a football club some day soon. This is the digital tokenization of assets \u2013 represented by a token. This is a significantly important space to watch grow,\u201d he said.<\/p><iframe id=\"datawrapper-chart-YFTZU\" title=\"NFT market capitalization predictions for 2022 and 2025\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/YFTZU\/1\/\" loading=\"lazy\"><\/iframe><p>Finder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year and on average the panel expects NFT adoption to hit 6% by the end of 2022.<\/p><p>CoinSmart CEO and cofounder, Justin Hatzman had the highest adoption rate prediction of 10%, alongside Rouge International managing director, Desmond Marshal.<\/p><p>\u201cI think a combination of FOMO and the metaverse is going to shoot that to double digits at least\u201d, said Hatzman.<\/p><iframe id=\"datawrapper-chart-hjvK6\" title=\"NFT adoption in the US 2021 and predicted adoption in 2022\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/hjvK6\/1\/\" loading=\"lazy\"><\/iframe><p>However while the NFT industry is forecast to grow significantly, not everyone thinks it\u2019s a good thing for the cryptocurrency category. While half the panel says NFTs are enhancing the credibility of the cryptocurrency category, just under a quarter think NFTs are actually undermining credibility.<\/p><p>Galia Digital\u2019s emerging technology consultation, Kate Baucherel put it this way:<\/p><p>\u201cThe NFT market has to get through a winnowing of poor quality content and lose the get rich quick \/ scam label, as crypto had to after the ICO rush. It will clean up and expand.\u201d<\/p><p>CoinFlip founder, Daniel Polotsky, who thinks NFT adoption will hit 5% this year, says NFTs are enhancing the cryptocurrency sector\u2019s credibility.<\/p><p>\u201cNFTs are giving artists and players the ability to issue their work directly to their fans on the blockchain\u2013no shipping needed! Collectors love NFTs, because their existence is confirmed on the blockchain and verified by miners; they can verify the entire history of each piece, and know it isn\u2019t fraudulent. Counterfeiters ruin the fun and value of collecting art\/memorabilia, and the blockchain has stepped in to fix this annoying issue once and for all. NFTs give the cryptocurrency industry a lot of credibility, because unlike gold 2.0 or decentralized finance, they are way more relevant to the average person; if something as universal as art can be put on a blockchain, then the possibilities are truly endless\u201d, he said.<\/p><iframe id=\"datawrapper-chart-BsYtO\" title=\"Are NFTs enhancing or undermining the credibility of the cryptocurrency category?\" width=\"100%\" scrolling=\"no\" aria-label=\"Pie Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/BsYtO\/1\/\" loading=\"lazy\"><\/iframe><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Is the NFT space the next billion dollar market or is it just another passing fad?<\/p>\n","protected":false},"author":385,"featured_media":1040105,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-masthead-one-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-921370","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to NFTs, nonfungible tokens explained | Finder Canada<\/title>\n<meta name=\"description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. From art, gaming and sports to the metaverse, we cover all things NFT.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/nfts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFT Finder\" \/>\n<meta property=\"og:description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. 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Mike Rheaume<\/a><\/b>Publisher<\/i><\/p><\/div><\/p>Louise Vinciguerra<\/a><\/b>Publisher<\/i><\/p><\/div><\/div><\/a>How to get started with NFTs<\/h3><\/div><\/div><\/section>NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>\n \n \n 5:44<\/div>\n <\/div>\n <\/iframe>\n <\/div>\n <\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><div class=\"importantText importantText__callout\">\n <p>\u201cFinder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year, and on average the panel expects NFT adoption to hit 6% by the end of 2022.\u201d<\/p>\n<\/div>\n<div class=\"has-padding-xsmall\"><\/div><p><a class=\"more-link-arrow\" href=\"#top\">Finder\u2019s NFT predictions report<\/a><\/p><\/div><\/article><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\">NFT marketplaces<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Choosing the right NFT marketplace starts with knowing its offerings, benefits and drawbacks. Marketplaces specialize in niches such as sports, gaming, art and music, while others are mixed marketplaces offering all categories of NFTs. Users can create, buy and sell NFTs on marketplaces, though most require Ether (ETH) to buy NFTs and a crypto wallet to complete transactions.<\/p><\/div><\/div><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\"><a id=\"NFTs\"><\/a>NFT Games<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">NFTs aren\u2019t just for collecting \u2014 they often add a layer of utility to blockchain-based games. There are many NFT games to choose from, including NFT trading card games, farming simulators, real estate simulations, role-playing, battle royales and more. Some NFT games offer the opportunity to earn cryptocurrency while playing, called play-to-earn (P2E). <\/p><\/div><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Some NFTs are meant to be collected and displayed. Many NFT collections feature 10,000+ NFTs, each with a similar theme but varying in appearance and value. NFT collections can be anything \u2014 funky avatars, cute animals, wearables and more. Even celebrities like Snoop Dogg, Grimes and Lindsay Lohan have NFT collections on offer. A few notable and valuable collections include Bored Ape Yacht Club, The Sandbox, Doodles, World of Women and CryptoPunks.<\/p><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png\" alt=\"Loaded Lions\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Loaded Lions<\/h5><p>The Loaded Lions NFT collection is a gaming collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png\" alt=\"UFC logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>UFC<\/h5><p>The UFC NFT collection is a sports collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg\" alt=\"Snopp dogg NFT\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Snoop-dogg<\/h5><p>Snoop-dogg NFT collection is a music collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png\" alt=\"Psycho kitties logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Psycho Kitties<\/h5><p>The Psycho Kitties NFT collection is an art collection on Crypto.com<\/p><\/div><\/article><\/div><\/div><\/div><div class=\"contentStrip contentStrip--niche\">\n <div class=\"content content--fixed\">\n <h2 class=\"contentStrip__title\"><\/h2>\n <div class=\"red-categoryIcons\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n <ul class=\"red-categories\">\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"red-categoryFeed\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n \n \n <\/div>\n <\/div>\n <\/div>\n\n \n <div class=\"red-guidesFeed\">\n \n \n <\/div>\n <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"top\">Finder\u2019s NFT predictions report<\/h3><p>The market cap of the NFT universe is predicted to double from <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11\" target=\"_blank\" rel=\"noopener\">7 billion in November 2021<\/a> to 14 billion in July 2022 and hit 26 billion by the end of the year, according to Finder\u2019s panel of over 30 fintech specialists. Finder\u2019s panel then predicts the NFT universe market cap will reach 146 billion by the end of 2025.<\/p><p>Thomson Reuters futurist, Joseph Raczynski, gave an end of year market cap prediction of 30 billion and thinks the NFT industry is an important space to watch.<\/p><p>\u201cNFTs are in an explosive exponential growth phase. This trumps what I saw in 2017 with the ICO. NFTs go well beyond art to community of people, or clubs, ownership of companies, and they will own a football club some day soon. This is the digital tokenization of assets \u2013 represented by a token. This is a significantly important space to watch grow,\u201d he said.<\/p><iframe id=\"datawrapper-chart-YFTZU\" title=\"NFT market capitalization predictions for 2022 and 2025\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/YFTZU\/1\/\" loading=\"lazy\"><\/iframe><p>Finder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year and on average the panel expects NFT adoption to hit 6% by the end of 2022.<\/p><p>CoinSmart CEO and cofounder, Justin Hatzman had the highest adoption rate prediction of 10%, alongside Rouge International managing director, Desmond Marshal.<\/p><p>\u201cI think a combination of FOMO and the metaverse is going to shoot that to double digits at least\u201d, said Hatzman.<\/p><iframe id=\"datawrapper-chart-hjvK6\" title=\"NFT adoption in the US 2021 and predicted adoption in 2022\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/hjvK6\/1\/\" loading=\"lazy\"><\/iframe><p>However while the NFT industry is forecast to grow significantly, not everyone thinks it\u2019s a good thing for the cryptocurrency category. While half the panel says NFTs are enhancing the credibility of the cryptocurrency category, just under a quarter think NFTs are actually undermining credibility.<\/p><p>Galia Digital\u2019s emerging technology consultation, Kate Baucherel put it this way:<\/p><p>\u201cThe NFT market has to get through a winnowing of poor quality content and lose the get rich quick \/ scam label, as crypto had to after the ICO rush. It will clean up and expand.\u201d<\/p><p>CoinFlip founder, Daniel Polotsky, who thinks NFT adoption will hit 5% this year, says NFTs are enhancing the cryptocurrency sector\u2019s credibility.<\/p><p>\u201cNFTs are giving artists and players the ability to issue their work directly to their fans on the blockchain\u2013no shipping needed! Collectors love NFTs, because their existence is confirmed on the blockchain and verified by miners; they can verify the entire history of each piece, and know it isn\u2019t fraudulent. Counterfeiters ruin the fun and value of collecting art\/memorabilia, and the blockchain has stepped in to fix this annoying issue once and for all. NFTs give the cryptocurrency industry a lot of credibility, because unlike gold 2.0 or decentralized finance, they are way more relevant to the average person; if something as universal as art can be put on a blockchain, then the possibilities are truly endless\u201d, he said.<\/p><iframe id=\"datawrapper-chart-BsYtO\" title=\"Are NFTs enhancing or undermining the credibility of the cryptocurrency category?\" width=\"100%\" scrolling=\"no\" aria-label=\"Pie Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/BsYtO\/1\/\" loading=\"lazy\"><\/iframe><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Is the NFT space the next billion dollar market or is it just another passing fad?<\/p>\n","protected":false},"author":385,"featured_media":1040105,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-masthead-one-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-921370","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to NFTs, nonfungible tokens explained | Finder Canada<\/title>\n<meta name=\"description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. 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A Beginners Guide \ud83e\uddca","description":"To understand non-fungible tokens (or NFTs), you'll need to understand a few things, which we'll break down for you in this video.\n\n\u23e9Skip to the good stuff\u23e9\n0:23 What are Non-fungible tokens (NFTs)?\n02:06 NFTs Psych 101\n02:53 Are NFTs just digital art?\n03:51 NFTs can be so much more than digital art\n\nCheck out our guide \ud83d\udc49 https:\/\/www.finder.com\/cryptocurrency\/nfts?utm_source=youtube&utm_medium=video&utm_campaign=crypto&utm_content=guide&utm_term=guides \n\nMillions of Americans use Finder to help them make better decisions. We can help you too.\n\nWe understand that making everyday life decisions such as finding a credit card, buying a home and saving for retirement can be daunting.\n\nThat\u2019s why we\u2019re here. Our goal is to help you navigate those complex decisions by making them less of a chore (and hopefully less of a bore, too!) Visit us @ https:\/\/www.finder.com\/\n\n#crypto #NFTs #Nonfungibletokens #finder","uploadDate":"2021-06-17T18:23:40Z","duration":"PT5M44S","url":"https:\/\/youtu.be\/wunrBREIkyE","contentUrl":"https:\/\/www.youtube.com\/watch?v=wunrBREIkyE","embedUrl":"https:\/\/www.youtube.com\/embed\/wunrBREIkyE","thumbnailUrl":"https:\/\/i.ytimg.com\/vi\/wunrBREIkyE\/maxresdefault.jpg"}]},"article_modified_time":"2022-03-30T11:48:01+00:00"},"custom_fields":{"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_wp_page_template":["page-masthead-one-column.php"],"_masthead_subheading":["{\"text\":\"More than collecting: Explore the utility and variety of nonfungible tokens.\"}"],"_content_type":["niche-content\/comparison\/niche-homepage"],"_masthead_image":["{\"id\":1040105,\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg\",\"title\":\"Image: Nikolay Amoseev\/Supplied\",\"alt\":\"NFTs\",\"shouldBorderBeRemoved\":false,\"srcSets\":[\"data:image\/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+\/HgAFhAJ\/wlseKgAAAABJRU5ErkJggg== 1w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=560 560w\",\"data:image\/gif;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mNk+P+\/HgAFhAJ\/wlseKgAAAABJRU5ErkJggg== 1w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=180&webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=360&webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/06\/nfts_Supplied_Canva_1800x1000.jpg?fit=560&webp=1 560w\"]}"]},"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/385"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=921370"}],"version-history":[{"count":13,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370\/revisions"}],"predecessor-version":[{"id":1067304,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/921370\/revisions\/1067304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1040105"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=921370"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=921370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Louise Vinciguerra<\/a><\/b>Publisher<\/i><\/p><\/div><\/div><\/a>How to get started with NFTs<\/h3><\/div><\/div><\/section>NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>\n \n \n 5:44<\/div>\n <\/div>\n <\/iframe>\n <\/div>\n <\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><div class=\"importantText importantText__callout\">\n <p>\u201cFinder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year, and on average the panel expects NFT adoption to hit 6% by the end of 2022.\u201d<\/p>\n<\/div>\n<div class=\"has-padding-xsmall\"><\/div><p><a class=\"more-link-arrow\" href=\"#top\">Finder\u2019s NFT predictions report<\/a><\/p><\/div><\/article><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\">NFT marketplaces<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Choosing the right NFT marketplace starts with knowing its offerings, benefits and drawbacks. Marketplaces specialize in niches such as sports, gaming, art and music, while others are mixed marketplaces offering all categories of NFTs. Users can create, buy and sell NFTs on marketplaces, though most require Ether (ETH) to buy NFTs and a crypto wallet to complete transactions.<\/p><\/div><\/div><section style=\"background-color: #1d53ff; padding: 10px;\"><div class=\"content medium\"><div class=\"fin-text-white\"><h3 class=\"fin-text-white\" style=\"text-align: center; padding-top: 10px; font-size: 2.00rem; line-height: 2.00rem;\"><a id=\"NFTs\"><\/a>NFT Games<\/h3><\/div><\/div><\/section><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">NFTs aren\u2019t just for collecting \u2014 they often add a layer of utility to blockchain-based games. There are many NFT games to choose from, including NFT trading card games, farming simulators, real estate simulations, role-playing, battle royales and more. Some NFT games offer the opportunity to earn cryptocurrency while playing, called play-to-earn (P2E). <\/p><\/div><div class=\"content\"><div class=\"column_wrapper\"><div class=\"has-margin-top-large has-margin-bottom-large\" style=\"text-align: left;\"><p style=\"font-size: 18px;\">Some NFTs are meant to be collected and displayed. Many NFT collections feature 10,000+ NFTs, each with a similar theme but varying in appearance and value. NFT collections can be anything \u2014 funky avatars, cute animals, wearables and more. Even celebrities like Snoop Dogg, Grimes and Lindsay Lohan have NFT collections on offer. A few notable and valuable collections include Bored Ape Yacht Club, The Sandbox, Doodles, World of Women and CryptoPunks.<\/p><div class=\"u-grid u-grid--alignStretch\"><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png\" alt=\"Loaded Lions\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Loaded-Lions-nft-collection_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Loaded Lions<\/h5><p>The Loaded Lions NFT collection is a gaming collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png\" alt=\"UFC logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/UFC-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>UFC<\/h5><p>The UFC NFT collection is a sports collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg\" alt=\"Snopp dogg NFT\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/snoop-dogg-nft-collection-supplied-300-x200.jpg?fit=1200 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Snoop-dogg<\/h5><p>Snoop-dogg NFT collection is a music collection on Crypto.com<\/p><\/div><\/article><\/div><div class=\"u-grid__col u-1\/4@m u-1\/2@s\"><article class=\"luna-card luna-card--border luna-card--stretch\"><figure class=\"luna-card__figure\"><img decoding=\"async\" class=\"luna-image\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png\" alt=\"Psycho kitties logo\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/2022\/03\/Psycho-Kitties-logo_supplied_300x200.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><\/figure><div class=\"luna-card__block\"><h5>Psycho Kitties<\/h5><p>The Psycho Kitties NFT collection is an art collection on Crypto.com<\/p><\/div><\/article><\/div><\/div><\/div><div class=\"contentStrip contentStrip--niche\">\n <div class=\"content content--fixed\">\n <h2 class=\"contentStrip__title\"><\/h2>\n <div class=\"red-categoryIcons\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n <ul class=\"red-categories\">\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"red-categoryFeed\">\n <div class=\"u-grid\">\n <div class=\"u-grid__col\">\n \n \n <\/div>\n <\/div>\n <\/div>\n\n \n <div class=\"red-guidesFeed\">\n \n \n <\/div>\n <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"top\">Finder\u2019s NFT predictions report<\/h3><p>The market cap of the NFT universe is predicted to double from <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/nft-market-worth-7-billion-legal-issues-could-hinder-growth-2021-11\" target=\"_blank\" rel=\"noopener\">7 billion in November 2021<\/a> to 14 billion in July 2022 and hit 26 billion by the end of the year, according to Finder\u2019s panel of over 30 fintech specialists. Finder\u2019s panel then predicts the NFT universe market cap will reach 146 billion by the end of 2025.<\/p><p>Thomson Reuters futurist, Joseph Raczynski, gave an end of year market cap prediction of 30 billion and thinks the NFT industry is an important space to watch.<\/p><p>\u201cNFTs are in an explosive exponential growth phase. This trumps what I saw in 2017 with the ICO. NFTs go well beyond art to community of people, or clubs, ownership of companies, and they will own a football club some day soon. This is the digital tokenization of assets \u2013 represented by a token. This is a significantly important space to watch grow,\u201d he said.<\/p><iframe id=\"datawrapper-chart-YFTZU\" title=\"NFT market capitalization predictions for 2022 and 2025\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/YFTZU\/1\/\" loading=\"lazy\"><\/iframe><p>Finder\u2019s 2021 NFT Adoption Report revealed that just under 3% of American internet users owned a NFT last year and on average the panel expects NFT adoption to hit 6% by the end of 2022.<\/p><p>CoinSmart CEO and cofounder, Justin Hatzman had the highest adoption rate prediction of 10%, alongside Rouge International managing director, Desmond Marshal.<\/p><p>\u201cI think a combination of FOMO and the metaverse is going to shoot that to double digits at least\u201d, said Hatzman.<\/p><iframe id=\"datawrapper-chart-hjvK6\" title=\"NFT adoption in the US 2021 and predicted adoption in 2022\" width=\"100%\" scrolling=\"no\" aria-label=\"Interactive line chart\" src=\"https:\/\/datawrapper.dwcdn.net\/hjvK6\/1\/\" loading=\"lazy\"><\/iframe><p>However while the NFT industry is forecast to grow significantly, not everyone thinks it\u2019s a good thing for the cryptocurrency category. While half the panel says NFTs are enhancing the credibility of the cryptocurrency category, just under a quarter think NFTs are actually undermining credibility.<\/p><p>Galia Digital\u2019s emerging technology consultation, Kate Baucherel put it this way:<\/p><p>\u201cThe NFT market has to get through a winnowing of poor quality content and lose the get rich quick \/ scam label, as crypto had to after the ICO rush. It will clean up and expand.\u201d<\/p><p>CoinFlip founder, Daniel Polotsky, who thinks NFT adoption will hit 5% this year, says NFTs are enhancing the cryptocurrency sector\u2019s credibility.<\/p><p>\u201cNFTs are giving artists and players the ability to issue their work directly to their fans on the blockchain\u2013no shipping needed! Collectors love NFTs, because their existence is confirmed on the blockchain and verified by miners; they can verify the entire history of each piece, and know it isn\u2019t fraudulent. Counterfeiters ruin the fun and value of collecting art\/memorabilia, and the blockchain has stepped in to fix this annoying issue once and for all. NFTs give the cryptocurrency industry a lot of credibility, because unlike gold 2.0 or decentralized finance, they are way more relevant to the average person; if something as universal as art can be put on a blockchain, then the possibilities are truly endless\u201d, he said.<\/p><iframe id=\"datawrapper-chart-BsYtO\" title=\"Are NFTs enhancing or undermining the credibility of the cryptocurrency category?\" width=\"100%\" scrolling=\"no\" aria-label=\"Pie Chart\" src=\"https:\/\/datawrapper.dwcdn.net\/BsYtO\/1\/\" loading=\"lazy\"><\/iframe><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Is the NFT space the next billion dollar market or is it just another passing fad?<\/p>\n","protected":false},"author":385,"featured_media":1040105,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-masthead-one-column.php","meta":{"footnotes":""},"tags":[],"class_list":["post-921370","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A guide to NFTs, nonfungible tokens explained | Finder Canada<\/title>\n<meta name=\"description\" content=\"Non-fungible tokens, or NFTs, have taken the world by storm. 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NFTs have utility and value, making them prime candidates for buying, selling and trading. Creators can turn unique work into NFTs that can be sold on marketplaces, and crypto gamers can buy, sell and trade NFTs to up their game.<\/p>
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<\/p>![\"Louise](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2021\/07\/Louise-Vinciguerra-headshot.png\")
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\n