Biggest Names in the Collectibles Space to Attend NYC Event on Non-Fungible Tokens

Biggest Names in the Collectibles Space to Attend NYC Event on Non-Fungible Tokens

Non-fungible tokens (NFTs) have been generating a buzz in the crypto world for some time — and now, a conference is being established where enthusiasts and entrepreneurs can delve deeper into these digital assets, exploring the latest trends and uncovering new opportunities in the market.

NFT NYC is taking place on Wednesday, Feb. 20 at the PlayStation Theater in New York Citys Times Square, and organizers say more than 50 speakers have accepted invitations to share their insights. In describing what the event sets out to achieve, the objective is simple: How unique digital assets on the blockchain will transform gaming, licensing, art and finance.

The event will enable attendees to meet and hear from some of the biggest names in the collectibles space — including Cassidy Robertson from Axiom Zen, the company behind CryptoKitties. During her talk, she plans to chart the platforms journey so far — a story that saw the company sell some of its most exclusive kittens for $120,000, and become the largest decentralized app (DApp) on Ethereum in the process.

Other talks are going to focus on getting mainstream gamers excited about non-fungible tokens, how these assets could reimagine philanthropy, NFTs potential in reshaping the sports experience for fans, and the process of tokenizing real-world assets on the blockchain. Dozens of other topics are also up for discussion.

The 411 on NFTs

Non-fungible tokens have attracted interest because they are different from the fungible assets commonly used by the crypto community and the fiat world today. Bitcoin is fungible, as it can be divided into smaller chunks and it is interchangeable. You can buy a fraction of this cryptocurrency if you want to — and if you were to lend a Bitcoin to a friend, it wouldnt matter if you received the same one back.

All of this changes when it comes to non-fungible tokens, which are often ERC-721-compliant rather than built to ERC-20 technical standards. NFTs can carry unique types of information that make them rare and, in some cases, unlike any other token thats out there in circulation. They are also sold whole rather than in chunks. Real-world examples could include plane tickets and baseball cards — and they achieve this non-fungible criteria because half of one cannot be purchased.

Lumi Collect is a crypto wallet for NFTs, and the company has sought to both educate users on its potential while giving them a way to store all of their tokens in one place.

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Setting out the opportunities that await the market, Lumi Collects CEO, Diana Furman, told Cointelegraph: Probably, there will be a new class ...

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Tags: Non-fungible token, Collectable, Name, New York City, Fungibility, Tokenism, Cassidy Robertson, Collect, PlayStation Theater, Times Square