5 NFTs That Are Changing the Way We Interact With the Digital World
When you cross a digital currency with the virtual world, what do you get? You get non-fungible tokens (NFTs for short). These unique little gems are changing how we interact with the digital world.
This article will talk about five of our favorite NFTs worth checking out.
A refresher of NFTs
NFTs are blockchain-based digital assets. Unlike cryptocurrencies, an NFT can’t be substituted for another token, which is interchangeable and may be used to buy goods and services.
Think of it like this: a cryptocurrency is like a dollar bill, while an NFT is like a piece of art. Both have value, but you wouldn’t use a Monet to buy a coffee at Starbucks.
For example, in-game objects, artifacts, and even whole land are instances of NFTs. The scarcity and usefulness of these tokens determine their worth. Even a single piece of digital art may be worth more than a piece of virtual world land.
Owning land properties
Decentraland is a virtual world powered by the Ethereum blockchain. You can explore it using unique avatars called “Lands.” What makes this world special are the LANDs themselves – they’re NFTs that you can own, trade, or even sell. Since each LAND is unique, its value can appreciate or depreciate depending on market demand.
Possessing art projects
CryptoKitties are digital cats that are probably the most well-known NFTs out there, which completely changed how people can own digital art in today’s age.
Based on the Ethereum blockchain, CryptoKitties allows users to breed, collect, and trade digital cats. Like real-life cats, each kitty is different – they come in all sorts of colors and patterns, and some are even rarer than the others.
Ethereum Name Service
ETH addresses may now be given human-readable names thanks to the Ethereum Name Service, a distributed DNS system. As a result, sending and receiving ETH and interacting with dApps will be more convenient. Besides, because ENS domain names are non-financial tokens, they may be exchanged just like any other kind of asset.
Ujo Music is a blockchain-based music platform that allows artists to sell their music directly to fans. What’s unique about this platform is that it uses NFTs to represent songs, albums, and even concert tickets. This allows artists to have complete control over their work, and fans can be sure that they get the real deal when purchasing an NFT.
EverdreamSoft is a Swiss company behind the blockchain-based game Spells of Genesis. In this game, players collect and trade cards represented by NFTs. These cards can be used to battle other players or traded on the open market. Since each card is unique, its value can fluctuate based on supply and demand.
Binance is the world’s largest cryptocurrency exchange, and it recently launched its NFT marketplace. The platform offers various NFTs, including art, games, and even collectibles. Since Binance is such a big player in the crypto space, we’ll likely see more NFTs being traded on the platform in the future.
Dmarket is an online marketplace that allows gamers to trade in-game items. This platform is unique because it supports a wide range of games, and all of the items are represented by NFTs. This means that you can trade your assets without worrying about fraud or scams.
What can you expect from these amazing NFTs?
They’re certainly changing the way we interact with the digital world. That’s made possible through several benefits:
1. They’re unique
It’s impossible to duplicate the uniqueness of an NFT since each one is one-of-a-kind. “How is that a benefit?” you may wonder. It implies that each NFT may be utilized as a store of value. If you were to invest in a piece of art, you would know its value would rise over time.
2. They’re immutable
NFTs are stored on the blockchain means that they’re immutable. This means that they can’t be counterfeited or duplicated, which gives them an inherent value. Furthermore, since there’s a limited supply of NFTs, their value will only increase over time.
3. They’re transparent
The blockchain is a public ledger, which means that all transactions are transparent. This transparency builds trust between buyers and sellers, and it also allows for a level of accountability that’s not possible with traditional assets.
4. They’re programmable
Since NFTs are stored on the blockchain, they can be programmed to do anything the code allows. This means that they can be used to represent just about anything, from digital art to concert tickets. As more and more people start using NFTs, the possibilities are endless.
5. They’re secure
NFTs are stored on the blockchain, which is highly secure. Each transaction is verified and encrypted, making it nearly impossible to counterfeit or duplicate an NFT. Also, since there’s no central authority controlling the NFTs, there’s no risk of them being censored or taken down.
NFTs are changing the way we engage with the digital world, and they have some unique advantages.
However, keep in mind that NFTs comes with some risks involved. For example, they’re also volatile because they’re stored on the blockchain. As a result, their worth varies substantially depending on market conditions.
Moreover, as a newer technology, they are unregulated. Of course, This may change in the future, but it’s worth noting if you’re considering investing in NFTs.
Chat with the expert NFT promoters and marketers at Mooning
Sure, all the examples of NFT promotions we listed are from global brands with endless coin to throw at their campaigns. But you really don’t need a crazy-high budget to see some seriously incredible outcomes – as long as you know the delicate intricacies of building a killer NFT marketing strategy!
If not, no worries – Mooning is here to take care of everything for you and make sure you see the most amazing ROI you’ve ever seen before. Our team has the knowledge and experience to promote your NFTs in order to deliver maximum awareness and interest, driving the sales prices up sky-high and beyond.
We provide a full suite of expert NFT marketing services and go above and beyond for every one of our clients to ensure only the best results. Our team will help with everything from minting, listing and selling, NFT creator sourcing, community management and campaign conceptualisation.
So get in touch with us now on 1300 818 435 or message us online.