Microsoft Revives Nonfungible Tokens, Sparks Industry's Imagination
Keeping this distinction in mind, an NFT is a unique digital asset with a traceable history that differentiates it from other assets that appear similar. Moreover, there are other factors for why NFTs are becoming more popular, one of them being an interest of multinational corporations in blockchain gaming.
Specifically with the case multi-layer blockchains, the foundational layer — which is the home of assets such as Bitcoin — is increasingly shifting toward being a store of value, presenting a segment of the market in which high-value NFTs can develop. Related: Crypto Firms Join Azure as Microsoft Fights Amazon for Market Share
Along with these products, the company has launched an extension to Visual Studio Code to help developers create and compile smart contracts based on Ethereum, and then deploy them on the public chain or on a consortium network in the Azure Blockchain Service.
