A non-fungible token or NFT is a unique entity. It’s unique not because it’s new or as a collective. Every non-fungible token is unique in itself, which means it can’t be replaced by something else.
Technology has not have sped up the pace of the world but has also led to the creation of ideas that seem beyond most minds to comprehend. NFTs are one of those creations. In this article, Mik Cosentino breaks down the concept for us and shares 3 reasons why you must seriously consider it.
A non-fungible token or NFT is a unique entity. It’s unique not because it’s new or as a collective. Every non-fungible token is unique in itself, which means it can’t be replaced by something else. Mik Cosentino adds, “Compare that to a bitcoin. One bitcoin can be exchanged for another, and in the end, you’d have traded the exact thing. Not NFT. An NFT is a one-of-a-kind trading card.” NFTs are a part of the Ethereum Blockchain. But isn’t Ethereum a cryptocurrency, like bitcoin? And we just saw how different they could be. How can one platform support such diverse entities? Mik Cosentino offers an explanation, “NFTs can store extra information. This makes sense for Ethereum to have them on and create a portfolio which is diverse and appealing to the rising interest in them.”
If you got the gist, it’s time to move on to the three reasons that Mik Cosentino believes make NFTs worth your while.
Digital Art Expansion
All of us, of a certain age, had a go at drawing when we got our first computer. Some of us might still have them stacked somewhere. Mik Cosentino says, “Those pieces of art which you considered a time-pass can now help you earn in the digital art marketplace. NFTs can be about anything and have managed to generate a lot of buzz around digital.”
Mitzuki Adventures is the newest addition to the already thriving NFT universe, which has a bright future ahead of it. Industry experts predict that it will take over the space once it is launched, based on the amount of buzz it has generated. The creators also rely heavily on their community for governance, since they are consulted on a variety of investment strategy decisions that are spelled out in a systematic manner. They have laid a solid foundation for their governance system, which will continue to function effectively in the future. With the launch of their games and the introduction of DAO, there would be an extra product in the form of items.
Mitzuki Adventures is an exciting NFT project that will be released soon. It tells the narrative of an orphan who traverses the world in search of answers to her questions. On the Ethereum Blockchain, the initiative is underpinned by its sophisticated AI. This is possibly one of the most amazing projects to have entered the NFT sector, with an intriguing storyline and a slew of spectacular features. Many enthusiasts have jumped on board to experience this new world as a result of the introduction of a slew of exciting NFT projects. This is one of the most exciting NFT initiatives in recent memory, as it will significantly disrupt the industry.
It is one NFT project that will change the game once it launches, since its ever-growing community is confident in its success, which is why it has expanded so swiftly in such a short time. Many individuals have joined the Discord server to learn more about the soon-to-be-launched initiative, and are now eagerly awaiting the day when it will be accessible for public minting.
Published By : Outook