Welcome to the new way to own and sell things inside the digital world of Noah
Since 2017, a total of $174 million has been spent on NFTs. Thanks to these tokens, users can become immutable owners of game items, art objects and other unique assets.
This is a brand new, digital way to sell your work directly to your audience, without any middlemen involved.
Noah Project is about to implement this new, digital way of owning and selling things within the new DeFi ecosystem.
NFT: the origins
A non-fungible token (NFT) is a special type of cryptographic token. It can represent something unique.
They represent some kind of digital ownership and the possibility of asset interoperability across multiple platforms.
NFTs are often used by decentralized applications (dApps). They enable the creation and ownership of unique digital items and collectibles. NTF ownership provides rights to both physical and non-physical objects or benefits.
NFTs can simulate real products and values and can also be produced and transferred to prove or change ownership.
How and where to use NFTs
Gaming was originally the first sphere that used NFTs. Of course, many online games implemented their own inner economy, but NFTs took it a stage further.
Blockchain tokenized gaming assets, thus potentially solving the common problem of inflation that many games have.
- Real-world objects
NFTs can represent anything that has potential value in the real world which can be stored and traded as tokens on a blockchain. This implementation can inject some well-needed liquidity into many markets. NFTs can stand for fine art, real-estate, rare collectible items and many more real-world objects.
- Digital identity
Storing identification and data can increase privacy in the digital sector and make it a much safer place.
Which wallets can be used for NFTs?
If you want to use NFTs and store them in your wallet, the latter must meet the following requirements:
- Easy to sign up
- User-friendly interface
- Safe and secure
- Free to use
- A developing project, adding new features regularly
In fact, this wallet must be as secure and convenient as the regular wallet you use to store your crypto assets.
Here are just some examples of the most convenient crypto wallets for NFTs:
Where are NFTs stored?
Real-world assets are usually attached to a unique NFT that is stored on a blockchain. You can go online and verify a specific NFT.
Remember that when you buy a NFT with crypto assets, you buy the unique token and the work of art linked to that token. Your transaction is registered on the blockchain and provides a permanent and transparent record of your purchase. It’s your proof of ownership.
You can display the digital art associated with it on any digital frame or resell it.
Why is NFT the top hit of 2021?
NFT tokens are widespread in the art and gaming sphere. For instance, popular blockchain games like CryptoKitties made use of NFTs on the Ethereum blockchain.
Recently, we’ve seen a lot of projects built around NFTs.
One of the most popular is Rarible. It is a creator-focused NFT marketplace and a platform that helps authors create NFT tokens. RARI is a management token with a Marketplace Liquidity Mining program and is used in giveaways to large NFT holders.
SuperRare is another NFT marketplace that only sells exclusive, one-of-a-kind NFTs which authors put into the marketplace by creating an auction. After the auction ends, the winning bidder gets the NFT.
Recently, SpaceSwap issued NFT collectibles with Cream Finance, Swirge, MITH Cash, Meter, JulSwap, Curve Finance and SnowSwap. People can stake these NFTs on our platforms to farm their native tokens.
Aavegochi is a side project based on the Aave platform, created by its own community.
Briefly, they are DeFi-powered NFTs.
“Aavegochi is the project of our community. They used to be in a hackathon Aave metored. They were thinking of how to reward people that are sailing better. So the more you save – the more Aavegochi collectibles you can open. It’s quite interesting what they have achieved within this time” – states Stani Kulichov, founder and CEO at Aave on the adoption of DeFi.
NOAH + NFT = ?
As you see, there are many ways to use NFTs within the DeFi ecosystem.
As for Noah City, we’ve already developed a versatile plan to integrate these tokens into our digital world.
It’s no secret that Noah City will soon be transformed into a DeFi city where the new NFT passport will be your guarantee of entrance into a fantastic new digital world.
- Exclusive rewards and games
Innovative and entertaining games are about to help increase the Noah community and supply the most active users with huge rewards and bonuses.
- Virtualizing of property
The exchange of NFT virtual properties for cash and vice versa is one of the most innovative trends to date.
In the near future, NFTs are going to empower traditional economics and become something more than a trendy fad in the digital art world.
We are overjoyed to be presenting this improvement to the new DeFi Noah ecosystem and hope that NFTs become a cornerstone of Noah’s bright future!
Noah Blockchain ecosystem channels: