Non-fungible tokens (NFTs) are a type of digital asset that is constantly growing in popularity among investors. It’s easy to trade or transfer fungible items like original paintings, but it’s more difficult to do so with non-fungible items like antiques. There are no physical forms of NFTs, but they can be traded like any other asset in the digital and crypto worlds. The buyer’s possession of NFT tokens serves as proof that he or she owns the “original” work, and thus NFTs contribute to the creation of a digital asset ownership certificate. Let’s take a look at four of the new NFT tokens and protocols that are currently in development.
Cybershinu:
Cybershinu is a new NFT token project that is gaining traction. It is the ERC-20 token of the underdog. During the NFT presale, Cybershinu will empower the average investor by setting a pre-determined token price for the tokens. Members don’t have to worry about whales dumping their assets and they can have faith in their investments. The NFT presale for Cybershinu takes place from February 21st through March 7th. Holders will be able to freely buy and sell $CYSHI at that point.
Since it has a compelling story to tell, a reasonable pre-launch price, and an outstanding comic book series, Cybershinu aims to be known as the “King of Meme Coins”. Its mission is to be the most competitive NFT project in the industry by making its technology available to the public as a currency accepted by all members of the blockchain community.
Orica:
Digital artists and non-profits can use Orica as an ethical fundraising tool. Using digital assets, the project aims to create a more equitable society. To help artists and social impact organizations (SIOs) with the creation and marketing of NFTs, Orica has joined forces with the nonprofit organization. Artists and social entrepreneurs will soon be able to use Orica Projects, new financing, and co-royalty options, shortly. Artists and SIOs will be able to raise money and split royalties through Orica Projects. Investors in early-stage, high-impact NFT companies can then build ethical growth portfolios for themselves.
The Sandbox:
Developed by Pixowl, the Sandbox is a blockchain-based virtual world that allows gamers to create and build digital goods, as well as buy and sell them. Using the capabilities of decentralized autonomous organizations (DAOs) and non-fungible tokens, The Sandbox creates a decentralized platform for a thriving gaming industry (NFTs).
It is the primary goal of the Sandbox platform to effectively integrate blockchain technology into popular gaming. At the heart of the site’s mission is a “play-to-earn” model that allows users to simultaneously produce and play games. The SAND utility token, created by The Sandbox using blockchain technology, aids platform transactions.
Decentraland:
Users can create, enjoy and monetize content and apps using the Decentraland (MANA) virtual reality platform built on the Ethereum blockchain. In this virtual world, users can acquire land, which they can then use, develop, and monetize.
In 2017, a $24 million initial coin offering (ICO) resulted in the creation of Decentraland (ICO). A closed beta period in 2019 was followed by a public release in February 2020. Interactive games, expansive 3D scenes, and numerous other interactive activities have been created by users on their LAND parcels.
Decentraland’s two tokens are MANA and LAND. MANA is an ERC-20 token that must be burned to obtain non-fungible ERC-721 LAND tokens. MANA tokens can be used to buy avatars, wearables, names, and other items from the Decentraland marketplace.
Find out which company has the next NFT presale.
Interesting Related Article: “Buying NFT Tokens – Should You Invest?“
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