Despite the criticism from the crypto oldies, the NFT industry has dramatically grown in the last few years. Top NFTs are sold for tens of millions of dollars while the number of celebs with their own NFT collections grows. Let’s examine what NFTs are and why they are gaining popularity.
As the crypto market grows and expands, new opportunities and tools occur. One is liquidity provision, which involves lending your crypto to a pool to earn interest. Although LP tokens are just a byproduct of such a process, they have their fair share of successful use cases.
In the early 2010s, crypto was still a new and exotic thing, while today, there are over 20 thousand digital assets. Still, most of them are built on top of existing projects such as Ethereum and Tron. This article focuses on the basics of top token standards used to issue new tokens.