The Sun Came in Pixels. NFT Pixel by R. Marinho.

What Is the NFT Ecosystem?

Regia Marinho
5 min readDec 18, 2021

--

The NFT Ecosystem is a decentralized platform.

“what are some obvious applications of crypto that people just don’t get yet?” Alexis Ohanian.

“The ENS ecosystem and the whole concept of users and objects having cross-platform names”. Vitalik Butelin.

“ENS has been the most successful non-financial Ethereum application so far. For those that don’t know, ENS is the Ethereum Name System. What it is it’s basically like a decentralized phonebook.” — Vitalik Buterin.

Ecosystems are the building blocks of nature.

The NFT ecosystem is like this, but it’s not in the wild. It’s online.

Think of the NFT ecosystem as being like a stock market.

It’s a marketplace for NFTs. Just like with a stock market, you can buy and sell NFTs, and you can trade them with other people.

The NFT Ecosystem is a blockchain-based platform that aims to standardize the creation and trading of non-fungible tokens (NFTs).

There are several key features of the NFT Ecosystem that make the platform stand out from the rest.

--

--

Regia Marinho

I write about ideas, technology, the future and inspire the world through art. https://regiaart.com