Pudgy Penguins NFT Project Ousts Founders as Mood Turns Icy
NFT influencers clash over the fate of Pudgy Penguins, raising governance questions surrounding non-fungible token communities.
Sponsored
Jan 7, 2022 at 8:13 p.m. UTC
Jan 7, 2022
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.