Is NFT for me?
Recently, Swirge integrated the non-fungible tokens (or, NFTs) into its developing marketplace, which is yet to be fully launched.
Perhaps, you may have heard about NFTs, considering the growing social media buzz about this new innovation. Well, even if you have not heard about it before now, we got you all covered. And, after reading this article, you would have been convinced on a better stand to take regarding the NFTs.
Before now, impersonating someone else’s creative works and making profit off them was quite easy because of the vulnerabilities that came with social media and technology. Hence, original creators were shortchanged of their remuneration while the impostors accumulated more wealth. It was almost impossible to track, identify and reward creators for their work each time it was used over the digital space. This problem gave way to the rise of NFTs. And, the new technology is gradually changing the narrative.
NFTs are the new digital oil in the crypto world. They are digital assets that exist on a blockchain, possessing intrinsic value; and can represent tangible objects such as art, GIFs, collectibles, avatars, music, in-game items, and videos. These assets are traded online in NFT marketplaces, often with cryptocurrency; and they can be encoded with similar underlying crypto softwares. Their values cannot be replaced with that of another similar asset. NFTs are very unique assets embedded with unique identification codes. This fact addresses the issue of impersonating someone else’s craft. NFTs enable buyers to own the proprietary right over their digital purchase, as they contain built-in authentication which signifies ownership of the asset.
A whopping sum of $174 million has been spent on NFTs since November 2017. In the first quarter of 2021, NFT sales skyrocketed beyond expectation. A popular artist, Beeple, became one of the world’s top three most valuable artists after he sold an NFT (a painting) for $69 million at Christie’s. Daily, the novel technology has deepened in notoriety as several digital platforms now support the ability to mint NFTs over the blockchain. Swirge is one such platform where users can send, receive and mint NFTs from their e-wallet. And it offers cheaper fees and faster transaction times. Swirge is one of the burgeoning social platforms built on the blockchain that is positioning netizens for a decentralized future.
Prior to now, several creators upload and share their digital artworks to various platforms on the internet where they gain massive likes and followings for their ingenuity. With the rise of non-fungible tokens, and its integration into Swirge, digital creators of all kinds (such as artistes, artists, etc) can leverage on the burgeoning technology to cash in on their virality on the platform. Hence, these unique sets of persons stand a chance to directly monetize their ingenious work in the NFTs marketplace. The prospects of NFTs are endless and quite exciting. They transcend beyond the crypto space into providing scalable means by which digital creators may amass massive wealth from their originality.
Are you still in doubt on which stand to take? Definitely, if you are an ingenious craftsman with excellent artworks to display, you are well-positioned to become part of the next generation of multi-millions. First of all, your journey begins when you sign up on Swirge using the link below. Receive your first NFT for free after you hit the sign up link.
It can only get better on Swirge DApp!!
