Introduction
Financial Technology has experienced many revolutions in recent past. Just about two decades ago, Internet Banking was Automated Teller machine dispensing were the in thing. Today, Blockchain technology, Decentralized finance and Non Fungible tokens are now reshaping the way we generate and interact with finance. Where transactions remained confidential to the financial institution in question, they can now be made public, through a distributed ledger blockchain. Where third party intermediaries were required to facilitate transactions and execute them for two or more parties involved, individuals can now connect to their Blockchain wallets in a decentralized way, and carry out their transactions while remaining anonymous. Now, Non Fungible Tokens (NFTs) can now be created, uploaded and sold for real cash! NFTs are applicable in many entertainment and industrial fields. These fields cuts across but are not limited to Arts, Gaming, Sports, Music, Virtual assets, the tokenization of real time assets and many more. With NFT, individuals, sportsmen and women, Celebrities and sculptural artists can now store, control and protect the information associated to their identity and property. Again, NFT also delivers a cross-border clearing and settlement platform, equipping non-fungible digital assets to be mapped to the exchange chain. I recall reading an article of two little brothers that generated up to $35,000 in the sales of their NFT artworks signalling that a new era of financing has arrived.
A Review of NFT GLOBAL
NFT Global is a company that originates from Switzerland. The indigenous firm was on e of the fastest growing start-ups and primarily focuses on building a universal NFT platform that also includes a marketplace where NFTs can be bought or sold. The team raised more than 5M USD in sales in its maiden year, 2020. The team is focusing on NFT because of how valuable it is; it is authentic, transferable and provides ownership for the author of an NFT asset. The digital asset genre as a whole has exploded financially amounting to up to 370 billion generated by collectible items. Non-Fungible.com has estimated that the NFT market would grow financially to up to $710 million in the year 2021 to from 2020’s $320 million peak, and it exceeded the forecast excellently. The core team at NFT Global has noticed this trend and have decided to delve in deep into the NFT genre to create a platform where anyone can build an NFT digital asset, even if you are not tech savvy, sell or buy and carry out other lucrative actions related to the NFT genre. The NFT market has disrupted the traditional financial system, Art, gaming and the music industry. It is therefore imperative that the team implement their Global platform, making NFTs accessible to individuals with no prior crypto knowledge.
NFT Global’s platform is an amazing marketplace for crypto enthusiast and NFT adopters. The entire infrastructure is built on the Binance Smart Chain Network making it easy for any individual to access and operate. The core team plans to create a robust marketplace on its platform as earlier stated but also have an educational segment where individuals can learn about NFTs and its modalities. This will bolster the core team’s vision to make NFTs a main stay. The team will also make live auctions with exclusive NFTs on their page. The core team will make six languages available on their platform to enable almost any individual from any part of the world to be able to participate in the platform’s activities. I am guessing the languages would be English, French, Dutch, Swiss, Chinese and German. It’s just a wild guess, but I am sure I wouldn’t be far from the selected ones. The platform will also support Master card and Visa Master Credit Cards and other non-crypto currency digital assets. The team will also send 5% of all generated income from fees to charity organizations to help eradicate poverty. The core team will engage celebrities, influencers and artists to lure more people to its amazing platform, encouraging mass adoption.
Challenges hindering the mass adoption of the NFT digital asset and NFTs Global’s solutions
˃ First Challenge: Inaccessibility
Since the conception of this facet of the crypto genre; many individuals have been unable to gain access to many NFT digital assets, it might be because of the limited quantity of some commodities or because of the lack of technical knowhow in the side of investors. This has been a bane in the NFT ecosystem. One the core team at NFT Global aims to address.
The technology is still new and so many individuals don’t know how to go about creating an NFT token or purchasing one. Despite the boom in the industry, the technology in the industry still alludes many. The core team at NFT Global aims to make the creation, adoption and utilization of NFT tokens simple, one that would not have to involve the complexity of coding.
The transaction fee fluctuates at one point or the other making the market unstable for many to come in or exit the purchase or sale of a commodity. The fee can fluctuate from $5 to $90 and carry out the reverse action between the matters of minutes. It all depends on the network stability. That is why the core team at NFT Global have opted for the Binance Smart Chain Network.
This has posed a challenge as many do not know how to apply the NFT technology to convert their real time ideas and proprietary commodities into Tokens. A friend of mine is a fantastic artist, even though he just got to know about NFT, he has zero knowledge of how to convert his amazing artworks into tokens and then monetize them. NFT Global’s amazing platform will help us convert his artworks into tokens, thus monetizing them.
So many regulations have stiffened the adoption of NFTs. Regulatory bodies such as Security and Exchange Commission and the likes always demand the accreditation of projects before they go main stream. This is to protect investors and their capital from dubious projects. In all, it has inhibited the wide spread adoption of the NFT genre.
NFT Global’s Core Strength
- A universal platform on the Binance Network
- Working on a Marketplace for ambitious traders and collectors
- Working on an Application which will be available for download in Google Play store and IOS World
- The team will launch an interactive learning platform
- The platform will be easy to employ by artists and traders.
- The core team is working tirelessly to make NFTs accessible for the mainstream market.
NFT GLOBAL WALLET
NFT Global Platform automatically apportions a personalized wallet to its platform users exclusive to them. This wallet would be used to store, keep and send NFT Global tokens and other tokens on NFTs Global platform.
$NFTG Token and its use cases
- The token will generate passive income for its holders through various rewards.
- The token will be the only payment option exclusive collaborations
- The unique token will be the only payment method for NFT Global live auctions.
- The token will grant its holder access to be part of the NFT Global Live events
- The token will be the only acceptable currency in the Game Platform, Launching 2022.
- The token will be used for the NFT Global Platform’s staking pool.
Some of NFT Global’s Core Feature
- NFT Marketplace
- Gaming Portal
- Launch pad
- Transaction Management
- Blockchain Platform: Binance Smart Chain
- Token: NFT Global
- Supply: 1 Billion
- Fees: 10% Transaction fees
- Allocation: 5% in BNB (Marketing and Charity)
- 2% Liquidity
- 1% Burn
- 2% Rewards in NTFG
Conclusion
The core team behind the NFT Global project has setup a fantastic marketplace that would cater for the needs of investors, NFT enthusiast and the entire crypto populace as a whole. The platform would cater for Artists, Celebrities, Gamers, Transaction Managers, Sports men and other prominent genres. There will also be and educational aspect where individuals who have no knowledge about the NFT niche can get tutored and positioned to make success in the NFT marketplace; Get involved in this amazing project today!
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Author's Information
Username: lani123lani
Bep 20 wallete: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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