Do you know what an NFT is?Discover the services that are reshaping the gaming market

Do you know what an NFT is?Discover the services that are reshaping the gaming market

for lover player world, a new service has been delivering a unique experience.Call NFTYes non-fungible token allow users Take up a certain amount of virtual space. There is a way to be the owner of a race or championship NBA And interact directly with athletes. understand.

player market more and more attention. Today, people see gambling as a profession and try to make a fortune on top of entertainment. ○ NFTs emerge as an investment In this section, as a Virtual currency.

Below, check out the exclusive interview NFTexperience Brazilian Ambassador Gláucio Borges, give you a detailed explanation What is an NFT and how does it work. Follow:

What is NFT?

NFTs or non-fungible tokens are non-fungible tokens. For a better understanding, let’s talk about the word “fungible” first. According to the Oxford Dictionary, the word fungible means something that can be replaced by other things of the same kind, quality, quantity and value. That is, Bitcoin as a fungible coin means it can be exchanged for another Bitcoin since it has the same value. It is a fungible token. But there is a class of tokens that are not interchangeable because they are unique. These are NFTs. Besides being unique, they are scarce, they are collectible items and are issued on the blockchain to register your property.

How to use Token in a simple and objective way?

NFTs are digital collectibles with exclusivity guaranteed thanks to the blockchain. Today, it is possible to have a set of digital figurines whose originality can be determined. It goes beyond image. For example, the NBA released a series of NFTs in the video format of special games. Collectors can buy ownership and viewing rights to videos, and others won’t be able to gain that access. And since they are special games, the videos can even gain value over time, and the video owner will be able to sell that NFT for much more than the purchase price.

What is the NFT scene in Brazil?

Brazil has matured a lot in its relationship with blockchain. However, there is still a long way to go in making the technology accessible to the general public. I believe the high adoption rate of NFTs is due to gamers. Play-to-earn became a frenzy, and since Brazil is one of the leaders in this market, we could soon see an increase in NFT users. But NFTs are much more than games. We have already seen some applications emerge in this area, and soon, these applications will enter the daily life of Brazilians.

How are companies dealing with NFTs and can it benefit consumers?

Companies from different industries are looking to use NFTs to create applications to enhance the customer experience. For example, some Atlético Mineiro football clubs have produced limited collectible cards to bring the experience of a sticker album of physical football players into the digital world. It’s a way for clubs to get more monetized input while keeping fans involved.

How are NFTs used in people’s daily lives?

It depends on the application. For example, gamers acquire special items in the game and trade those items between them. In the case of football, the bias of rare characters that increase in value over time. But let’s take an example of an artist and how NFTs can enable a new form of monetization for him. The artist creates a digital artwork and registers his artwork on the blockchain, proving that he is the owner. From there, he could sell the rights to this art to anyone. Anyone who wants to use the artwork pays royalties to the owner of the artwork. For example, this also applies to musicians who can register the authorship of their music on the blockchain and receive royalties from Spotify.

How can small businesses use NFTs?

I believe new applications will still emerge that benefit small businesses. But for existing applications, we’ve seen small businesses expand, such as small game studios, or even unknown music artists benefiting from NFTs. But I want to briefly mention an interesting case from the United States. In order not to declare the business bankrupt, the two partners decided to create a set of numbers and put them up for sale on OpenSea, the largest NFT trading platform. This is another form of “kitten”. They managed to raise a few thousand dollars and save the business.

Why are NFTs important?

One reason is the exclusivity issue. NFTs guarantee this unique identity of digital assets. But there are several other factors that create this appreciation, such as the hype behind NFTs, or fan spirit, and the feeling of owning something unique to one’s own idol.

Why does the company offer an NFT buying experience?

So far, NFTs have brought digital experiences. This presents a great opportunity for NFTs to deliver experiences in the physical world. For example, NFT Experience has become a pioneer in this field. By earning NFTs, holders are eligible to participate in experiential tours, in addition to joining a club that will host several other experiences in the digital and physical worlds.

Is it possible to invest with NFTs?

certainly. The design behind an NFT determines its value over time. As mentioned earlier, investors can purchase multiple artworks and earn royalties from their use. And, in the case of NFT experience programs, NFTs become the ideal pass for exclusive clubs. Only those who own the NFT can enter this experience world. The holder will then be able to sell it to others for more than the purchase price. And as the fame of the NFT experience grows, the passport becomes more expensive.

Eduarda Andrade

Maria Eduarda Andrade holds a Master of Science in Linguistics from the Catholic University of Pernambuco and a degree in Journalism from the same institution. As a researcher, she works in the fields of public policy, creative economics, and linguistics, with an emphasis on critical discourse analysis. In the job market, he works in print media as a reporter for Diario de Pernambuco, in addition to advising national brands such as Devassa, Heineken, Algar Telecom and Grupo Pão de Açúcar.Currently, he is working on writing Roosevelt Portalhas accumulated many years of experience and research in mass economic and social rights.

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