Nike applied for a trademark on "Cryptokicks," which envisions a platform for crypto-powered collectibles. We dig into what it means for the blockchain space.
Blockchain startups are taking blockchain’s scarcity concept and reapplying it across non-financial areas to create NFTs, or non-fungible tokens.
NFTs are unique cryptoassets that can only by owned by one person at a time. Common examples here include Cryptokitties, which makes collectible digital cats, as well as Decentraland, which offers real estate “plots” for its virtual world.
Now a major corporate is potentially pursuing its own NFT concept.