NFT and NFT Marketplace
Unique digital tokens (NFTs) on Ethereum representing ownership of art, collectibles, or utilities, traded on marketplaces like OpenSea and Blur.
What is NFT and NFT Marketplace?
Non-fungible tokens (NFTs) on Ethereum are ERC-721/1155 standard assets proving unique ownership of digital items like art or game assets, minted since 2015’s Etheria project; marketplaces facilitate buying/selling with $161 avg price across 80M+ items in 2025. Ethereum hosts 52+ platforms, led by Magic Eden (aggregating multi-market listings, cross-chain support) and OpenSea (4M+ sales, $1.2K avg), using IPFS for immutable metadata. Blur dominates trading (pro-focused), while LooksRare rewards with LOOKS tokens; total volume hit $25B+ in 2024 peaks.
Related Terms
EIP-1559
An Ethereum upgrade that introduced a dynamic base fee for transactions, implemented in August 2021.
BTC Multiple
The ratio of Strategy's BTC NAV to its BTC $ Equity, indicating leverage in its Bitcoin treasury.
Circulating Supply
The total number of a digital asset's tokens or coins that are publicly available and actively circulating in the market.
Coin
A digital asset that operates on its own independent blockchain, distinct from tokens that rely on another blockchain’s infrastructure.
Crypto
A shorthand term for cryptocurrency - digital currencies secured by cryptography and operating on decentralized networks.
Order Book
A real-time electronic list of buy and sell orders for a digital asset, organized by price level.