Convert and Swap NFT NFT to Indian Rupee INR
NFT/INR: 1 NFT equals ₹0.32 INR
NFT (NFT) is not tradable on Coinbase.
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Last update: 5:16 PM, December 22, 2024
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NFT is falling this week.
The current price of NFT is ₹0.32 per NFT. With a circulating supply of 37,823,822.572 NFT, it means that NFT has a total market cap of ₹12,191,411.44. The amount of NFT traded has risen by ₹5.10 in the last 24 hours, which is a 0.03% increase. Additionally, in the last day, ₹16,479.51 worth of NFT has been traded.
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About NFT
NFT, or Non-Fungible Token, is a unique type of digital asset that utilizes blockchain technology to establish proof of ownership and authenticity. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a like-for-like basis, NFTs are unique and cannot be exchanged on a like-for-like basis. Each NFT contains distinct information or attributes that set them apart from each other, which allows for the verification of their uniqueness and ownership. NFTs have gained significant attention due to their potential to revolutionize various industries, including art, music, gaming, real estate, and more.
NFTs operate on the principle of blockchain technology, which is a decentralized digital ledger that records transactions across multiple computers. When an NFT is created, or "minted", it is added to the blockchain, and the information about the NFT, such as its origin, ownership, and history, is stored in the blockchain. This information is immutable and cannot be altered, providing a transparent and secure method of proving ownership and authenticity. When an NFT is bought or sold, the transaction is recorded on the blockchain, and the ownership of the NFT is transferred from the seller to the buyer.
NFTs have a wide range of potential use cases, particularly in industries that value unique assets. In the art world, for example, NFTs can be used to digitize artwork and establish proof of ownership, allowing artists to sell their work directly to consumers without the need for intermediaries. In the music industry, NFTs can be used to create unique digital merchandise or experiences. In gaming, NFTs can represent in-game assets, such as characters, items, or real estate, which players can trade or sell. NFTs can also be used in real estate to represent ownership of a property, and in the fashion industry to create unique digital clothing or accessories.
The concept of NFTs originated in 2012 with the creation of "colored coins" on the Bitcoin blockchain. However, it wasn't until 2017, with the launch of CryptoPunks and CryptoKitties on the Ethereum blockchain, that NFTs gained significant attention. CryptoPunks and CryptoKitties are collections of unique, digital characters that can be bought, sold, and owned as NFTs. The popularity of these projects demonstrated the potential of NFTs to represent digital ownership in a new and exciting way. Since then, the NFT market has grown exponentially, with NFT sales reaching record highs in 2021. The rise of NFTs has also led to the creation of various NFT platforms and marketplaces, such as APENFT, which aim to bridge the gap between traditional and digital art.
How NFT and Indian Rupee differ
NFTs, or Non-Fungible Tokens, and the Indian Rupee (INR) are both forms of assets, but they differ significantly in their nature and functionality. NFTs are unique digital assets that use blockchain technology to establish proof of ownership and authenticity. Each NFT is distinct, with specific information or attributes that differentiate it from others, making it impossible to exchange on a like-for-like basis. On the other hand, the Indian Rupee is a traditional form of currency, fungible in nature, meaning each unit is interchangeable with another of the same value. NFTs operate on a decentralized digital ledger, recording transactions across multiple computers, ensuring transparency and security. In contrast, the Indian Rupee operates within a centralized financial system regulated by the Reserve Bank of India. NFTs have a broad spectrum of potential use cases, from digitizing artwork to representing in-game assets, while the Indian Rupee is primarily used for conventional transactions and savings.
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NFT to Indian Rupee conversion tables
The exchange rate of NFT is decreasing.
The current value of 1 NFT is ₹0.32 INR. In other words, to buy 5 NFT, it would cost you ₹1.61 INR. Inversely, ₹1.00 INR would allow you to trade for 3.10 NFT while ₹50.00 INR would convert to 155.13 NFT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.83%. Meanwhile, in the last 24 hours, the rate has changed by 0.41%, and that the the highest exchange rate of 1 NFT to Indian Rupee was ₹0.32 INR and the lowest 24 hour value was 1 NFT for ₹0.32 INR. This time last month, the value of 1 NFT was ₹0.27 INR, which is a 20.8% decrease from where it is now. Looking back a year, NFT has changed by ₹1.52 INR. That means that in a single year, the value of NFT has shrank by 79.28%.
NFT to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹0.32 INR | -0.41% | ₹0.33 INR | -2.83% | ₹0.27 INR | 20.80% | ₹1.52 INR | -79.28% |
NFT to INR
Amount | Today at 5:16 pm |
|---|---|
0.5 NFT | ₹0.16 |
1 NFT | ₹0.32 |
5 NFT | ₹1.61 |
10 NFT | ₹3.22 |
50 NFT | ₹16.12 |
100 NFT | ₹32.23 |
500 NFT | ₹161.16 |
1,000 NFT | ₹322.32 |
INR to NFT
Amount | Today at 5:16 pm |
|---|---|
0.5 INR | 1.55 NFT |
1 INR | 3.10 NFT |
5 INR | 15.51 NFT |
10 INR | 31.03 NFT |
50 INR | 155.13 NFT |
100 INR | 310.25 NFT |
500 INR | 1,551.25 NFT |
1,000 INR | 3,102.50 NFT |
Today vs. 24 hours ago
Amount | Today at 5:16 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 NFT | ₹0.16 | ₹0.16 | -0.41% |
1 NFT | ₹0.32 | ₹0.32 | -0.41% |
5 NFT | ₹1.61 | ₹1.62 | -0.41% |
10 NFT | ₹3.22 | ₹3.24 | -0.41% |
50 NFT | ₹16.12 | ₹16.18 | -0.41% |
100 NFT | ₹32.23 | ₹32.36 | -0.41% |
500 NFT | ₹161.16 | ₹161.82 | -0.41% |
1,000 NFT | ₹322.32 | ₹323.64 | -0.41% |
Today vs. 1 month ago
Amount | Today at 5:16 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 NFT | ₹0.16 | ₹0.13 | +20.80% |
1 NFT | ₹0.32 | ₹0.27 | +20.80% |
5 NFT | ₹1.61 | ₹1.33 | +20.80% |
10 NFT | ₹3.22 | ₹2.67 | +20.80% |
50 NFT | ₹16.12 | ₹13.34 | +20.80% |
100 NFT | ₹32.23 | ₹26.68 | +20.80% |
500 NFT | ₹161.16 | ₹133.41 | +20.80% |
1,000 NFT | ₹322.32 | ₹266.82 | +20.80% |
Today vs. 1 year ago
Amount | Today at 5:16 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 NFT | ₹0.16 | ₹0.78 | -79.28% |
1 NFT | ₹0.32 | ₹1.56 | -79.28% |
5 NFT | ₹1.61 | ₹7.78 | -79.28% |
10 NFT | ₹3.22 | ₹15.55 | -79.28% |
50 NFT | ₹16.12 | ₹77.76 | -79.28% |
100 NFT | ₹32.23 | ₹155.52 | -79.28% |
500 NFT | ₹161.16 | ₹777.62 | -79.28% |
1,000 NFT | ₹322.32 | ₹1,555.25 | -79.28% |
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