Category: NFTs (Page 1 of 5)

How To Invest in NFTs: 5 Characteristics Which Makes Them Unique from Others

How to invest in NFTs
Educational: How to invest in NFTs.

Among the latest technological notions that conflict with established industry structures is distributed ledger technology, like blockchain technology.

Inadequate speed and the constraint of expensive mediators for rebuilding relationships caused the standard economic models to meet failures.

Distributed ledger technology advancements over time have brought ideas that could boost operation simplicity.

DLTs allowed for a considerable diminution in the price of transmitting value while also doing so.

In addition to functioning as individual descriptors for a whole novel breed of digital products, NFT characteristics showed the significance of non-fungibility in investment management.

You may get a complete description of the characteristics of non-fungible tokens and how to invest in NFTs from the explanation that follows.

Invest in NFTs: 5 Quintessential traits of Non-Fungible Tokens

Non-fungible tokens are essentially virtual assets generated on the blockchain that operate as a placeholder for special resources.

Works of art, entertainment, or metadata could all be recognized as distinctive resources, and this is how people invest in NFTs.

The most crucial of all is that NFTs might operate as an indelible digital certificate of possession for a particular feature.

Therefore, it makes good sense to think about the properties of non-fungible tokens that permit them to continue providing their intrinsic features.

Numerous aficionados are eager to comprehend the factors that influence how non-fungible tokens (NFTs) function, which has dramatically improved awareness of their properties.

NFTs are certainly a subject of conversation right now, with a market value total of close to $2 billion as of the initial quarter of 2021.

Let us discover why non-fungible tokens are in demand and liked by their purchasers.

Also Read: What are NFTs and How Will They Change the World?

1. Distinctiveness

Among the properties of non-fungible tokens, distinctiveness is essentially connected to indivisibility—which is the most essential element and compels traders to invest in NFTs.

By means of their non-fungibility, NFTs are by nature distinct.

Fungibility indicates that you can exchange one item for something that is equivalent.

Since many fungible resources are similar, they are simple to split or trade with one another.

A $20 dollar bill, for example, can be exchanged for two $10 bills.

Conversely, non-fungible tokens provide the benefit of non-fungibility with distinctiveness as their primary attribute.

In principle, non-fungibility indicates that there is only capacity for one form of NFT and no additional options.

2. Genuineness

Authentication is the crucial component of non-fungible tokens that has attracted considerable attention from traders to invest in NFTs.

Genuine non-fungible tokens are significant since they function as a reflection of tangible assets.

Among the NFT attributes, genuineness is a crucial component that assures originality.

It is faster to properly obtain data about NFTs only with a non-fungible token on a blockchain system.

People who invest in NFTs could study an NFT’s independent audit to learn more information about it.

As a corollary, it can guarantee greater strong investment identification throughout dealing or conversion.

NFTs are differentiated from each other by their individual signatures.

The worth of genuineness in NFTs is guaranteed by technology.

3. Undividable

The indivisibility of non-fungible tokens represents one of their key characteristics.

In addition to supplying their usefulness, NFTs have in fact been designed to be inseparable by nature.

You cannot book a flight, for illustration, and divide the expense between two individuals.

There is just one spot available, therefore only one individual could acquire and redeem a ticket.

Indivisibility indicates that you have to purchase the entire NFT in order to acquire a product even though you can split it into smaller units.

As a result, if you acquire the NFT and pay for it, you essentially own the entire item or nothing whatsoever about it.

The idea of shared ownership, on the other hand, is yet another evolution above the NFT qualities of indivisibility.

4. Scarcity

Actually, one of the foundational concepts supporting NFTs’ significance is scarcity.

As a result, NFT manufacturers might generate a large number of NFTs, nevertheless with a cap to guarantee exclusivity.

The number of bookings for NFTs, for instance, can be determined by the organizing committee.

The auction prices for the ticket sales might become attractive if the organizers issued only 100 passes.

The purchasing rivalry, however, may diminish if the host offers 5000 NFTs as passes.

5. Means of Storage

As you are familiar with, NFTs are manufactured and attached to individual blockchain addresses.

On different blockchains, NFTs are fundamentally present, and it’s vital to understand the importance of openness in NFT aspects.

Blockchain technologies are independent and unchangeable distributed public ledgers.

NFTs promote openness because the details of creating, transmitting, and using currencies can be made available for general inspection.

Most importantly, NFTs’ use of blockchain technology to serve as digital wallets offers trustworthiness.

By means of a simplified interface built on a blockchain platform, NFTs can facilitate the authentication of documents pertaining to various operations on the blockchain.

As a corollary, NFTs may show the ideal opportunities for fostering client experience.

The same happens when you trade crypto on digital platforms like the-bitlq.com.

Ending Statement

Due to the fact that non-fungible tokens are still a relatively new concept and that many individuals are unfamiliar with them, they may appear to include more downsides than virtues.

We always say to do your background check before investing money in any kind of asset, especially new ones, because you should know what kind of thing you are putting your money in.

While it is wise to heed the counsel of the knowledgeable, you should also always conduct your own analysis.

In the beginning, things may seem difficult but as you get into the field, you will learn more about it.


What Are NFTs And How Will They Change The World?

If you haven’t heard of NFTs yet, you will.

This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another.

The NFT community is growing now quicker than ever.

Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology.

This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs.

Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused on business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man.

You can now sell NFTs directly without distributing tickets to your audience or community.

Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them.

This precaution is taken to avoid scenarios like dealing with a cease and desist letter, and were originally created to protect artists’ copyright over their work.

This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

Related: Gary Vee's 'VeeFriends' Partners Up With Toys"R"Us

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange.

Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

How to buy NFTs
How To Buy NFTs

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years.

NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day.

Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Related: CEO announces second AMC NFT for all shareholders

Will NFTs Become Mainstream?

My personal take is they will.

The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners

Gary Vee’s ‘VeeFriends’ Partners Up With Toys”R”Us

VeeFriends Toys R Us
NFT News Today: VeeFriends partners with Macy’s and Toys”R”Us.

Gary Vaynerchuk’s ‘VeeFriends’ is partnering up with Toys”R”Us and Macy’s for the new launch of limited edition plush collectible characters.

The collection is converting actual digital ‘VeeFriends’ NFTs to physical plush figures.

Each collectible will have a QR code that will lead the owner to a 3D animation short film or character song.

For those who are unfamiliar, ‘VeeFriends’ is serial entrepreneur and social media expert Gary Vaynerchuk’s NFT project.

Gary Vee is known for his down to earth yet incredibly strong diction and powerful presence on stage as a mentor, coach, and motivational speaker.

He’s huge in the NFT and entrepreneurial world now bringing life to his hand drawn NFT characters.

Let’s dive into the latest NFT and business news today.

Macy’s and Toys”R”Us Resurrection

Toys R Us at Macy's

There’s no denying that ‘VeeFriends’ is going to be bringing a lot to the table for both Macy’s and Toys”R”Us.

Gary’s plush figures are being sold exclusively at these two retail stores which means the supply will only be limited to these two brands.

Toys”R”Us ceased operations in 2018 but was resurrected in 2022 when Macy’s announced the opening of Toys”R”Us stores at its retail locations in 9 states.

An additional 19 states are set to open before the holiday 2022 shopping season.

Macy’s has had its fair share of troubles too, coming close to bankruptcy at least three times in the past decade.

But the company has made a comeback and is currently profitable.

As of September 30, 2022, Macy’s Inc had a $4.3 billion market capitalization, putting it in the 82nd percentile of companies in the Retailers – Department Stores industry.

Currently, Macy’s Inc’s price-earnings ratio is 3.0. Macy’s Inc’s trailing 12-month revenue is $25.9 billion with a 6.0% profit margin.

And with limited edition ‘VeeFriends’ plush figures now entering the retail chains, one can be sure to expect a successful project.

Learn More About VeeFriends Collectibles

For more information on VeeFriends collectibles, visit the official VeeFriends page here.

Here are some words from Founder and CEO of VeeFriends, Gary Vaynerchuk:

“This partnership means way more to me than you could ever imagine. The thought that VeeFriends will be in Macy’s and Toys “R” Us simultaneously is incredible. I fondly remember growing up in Edison, New Jersey, walking down these stores’ aisles as a kid. We chose characters that we think embody exciting features for first-time collectors, much like some of the toys I picked up on the shelves of Toys “R” Us the first time. I can’t wait to see them in-store and on the shelves — it’s a full circle moment for me and a very big step for the company.”

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Here’s Why You Shouldn’t Sleep on Shiba Inu Coin

Shiba Inu Coin is up more than 57 million percent this year.

The cryptocurrency has become one of the most popular cryptos since its rise to 9300.

It’s made the top 10 list of most popular cryptocurrencies and continues to gain mass attention from the crypto community.

However, SHIB has been falling for two months straight since its runup.

Should you buy Shiba Inu coin now or wait for more dip?

franknez.com

Welcome to Franknez.com – today I want to touch topic on a beloved cryptocurrency that continues to stand out and innovate.

Let’s get started!

Shiba Inu Innovation

One of the biggest reasons you’d invest in a cryptocurrency is whether the crypto is innovating or not.

While Shiba Inu Coin might have started as a meme, it has many plans for the future that make it an attractive long-term investment for current SHIB holders.

Let’s start with some of the most recent SHIBA news.

Shiba Inu Games

Shiba Inu Games Playside Studios
Shiba Inu News – Shiba Inu Games

SHIB has announced that they are finalizing paperwork with a triple A studio (AAA Studio) to create both mobile gaming and metaverse gaming, via. Shytoshi Kusama.

And although they can’t say much, they mention that this AAA Studio has worked with the likes of Disney and Warner Bros., so you know this is going to be quality work.

In fact, the studio just launched its Twitter account this month of December.

PlaySide Studios will be the AAA Studio working on this project.

Joining the Shiba Inu team is game industry veteran, William Volk.

William Volk was the former Vice President of Tech for Activision.

“I am honored to be working with an amazing team on what will become one of the most significant games of all time”, says William.

The first game the SHIB team will be developing is called Shiboshi and will be primarily for mobile.

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The Launch of SHI Stablecoin

The next launch for Shiba Inu is SHI, a stablecoin expected to launch after the Shibarium project has gone live.

Shibarium is a layer 2 solution that essentially speeds up transaction processing and reduces gas fees, making it a better more updated platform.

According to Ryoshi, SHI is meant to be a global stable currency that is used both as a store of value and method of payment.

There is currently no set date for the release of this project, however, we know that the stablecoin will start at $0.01.

Shiba Inu Coin Now Accepted as Payment

shiba inu coin payment
Shiboshi – Shiba Inu Coin Payments – Shib Coin – Should you buy Shiba Inu coin?

Shiba Inu Coin is now being accepted in more places than ever before.

SHIB has now been accepted as a form of payment via BitPay which is going to allow a ton of merchants to accept the crypto.

This type of attention draws more investors towards buying the cryptocurrency.

We’ve also seen AMC Entertainment recently announce their acceptance of Shiba Inu Coin too.

Read: The most innovating things happening with AMC today

And with Shiba Inu Coin now trading on Kraken, it’s only a matter of time before larger trading platforms such as Robinhood begin trading the cryptocurrency.

SHIB has gone mainstream and is no longer considered to be a meme token by some.

The value this crypto is providing in projects to several communities is astonishing.

Shiboshis (Shiba Inu NFTs)

Shiboshis NFTs
Shiba Inu NFTs – Shiboshi – should you buy Shiba Inu coin?

Shiboshis are another one of Shiba Inu Coin’s innovative projects in the NFT realm.

The NFT community is changing the way we transact value, product, and services.

If you don’t know how massive NFTs are becoming or how they’re changing today’s world, you have to bookmark this article here.

While NFTs may be highly profitable investments, they’re more about community.

And it’s this community that exposes the world to SHIB and will continue to increase its value as a cryptocurrency.

Should You Buy Shiba Inu Coin?

should you buy shiba inu coin
Shiba Inu News – Should you buy it? – Shiboshi – Shib Coin

SHIB is too affordable for anyone to not put something into it.

You don’t have to make an incredibly large contribution.

But if you’re betting on innovation and a growing community like I am, then it is certainly a buy.

Some of my readers got in on SHIB before the runup when I sent out the email via my newsletter and made a lot of money trading it.

Many continue to hold it for its long-term potential.

This cryptocurrency doesn’t have to move up very much to make investors a lot of money.

Look at it this way – many people will become millionaires when SHIB hits one penny.

Yeah, it’s that affordable right now.

Regardless of investor opinion, you cannot deny SHIB knows how to provide value to a number of growing and innovating communities.

Are You Invested in Shiba Inu Coin?

franknez.com

If you’re holding Shiba Inu Coin in your portfolio, leave a comment below.

I’m curious, how many of you are holding more than 1 million SHIB?

And if you’re not invested in SHIBA yet, read my guide on how to invest in cryptocurrency for beginners, or simply open your account with Coinbase  to begin today.

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October 24, 2021 Topic Discussion with FrankNez – Shiboshi – Shib Coin

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