The Future of NFTs
Wondering about the future of non-fungible tokens and their impact on paper money?
Can you image what an inclusive digital economy would be like in favor of digitized assets such as crypto collectibles, loyalty points, etc.?
The potential for NFTs to replace paper money in the future, is plausible because you will no longer need a bank account to store your funds in the traditional sense. Instead, digital wallets will hold all types of NFTs, meaning that fiat currency would no longer exist as we know it today. The benefits of this include avoiding having to pay high fees for transferring crypto or waiting for it to clear before spending it etc...A real-world use case would be if people used NFTs to replace paper money at border crossings, per to per lending, and B2B or B2C transactions. The possibilities are really endless.
NFTs can represent anything digitized!
Meaning they would replace passports because people could prove their citizenship with an NFT token on the blockchain that represents their identity information. NFTs can also be used for anything from a business’ providing proof of ownership in their inventory to allowing customers to receive loyalty NFT tokens when they purchase with your store. NFTs are being developed and implemented into currency systems across the globe, leading them to replace fiat currency in the future.
Naming an NFT:
The unique name you give your NFT is critical because it will allow people who own the same NFT to find each other on different exchanges; if users want to resell or buy Nfts they need to know the names associated with those nfts are registered as! You need to choose a unique name and one that represents your token and is easily recognizable. Naming your NFT can be done by uploading it on Nftify ( https://nftify.network/ ), and the name of the NFT will then become whatever you input as its own unique name!
The easiest way to create a uniquely named NFT
Is through using software such as Arto. Upload any image or logo. Arto automatically generates an ERC-998 compliant token naming standard for users, which reduces this task from hours to minutes depending on how creatively complex they would like their new NFT names to be. The amount of creativity that goes into designing these tokens makes them highly valuable digital assets attracting significant interest amongst collectors who know just how rare some designs are. If someone wants an Nft to look unique, they can use Nftify and design their NFT using the online tool or download it onto a computer and then transfer that NFT onto Ethereum, OpenSea, Cypto.com, and Coinbase, along with many others.
Again, great example of uniquely named NFTs would be ERC-998 tokens; as these are compatible with Arto allowing users to create Nfts without any technical knowledge needed! The name shows ownership in digital assets on the blockchain, which all NFTs represent, making them extremely valuable and essential as we begin moving into our tokenized future where everything will be digitized and stored on computers rather than paper money like today. The beautiful color combinations of each collection make them highly desirable amongst collectors who know just how rare those designs are and can be traded on NFT’s decentralized marketplaces.
Final Thoughts:
One of the best ways to to ensure how much money you make in the future is to
Take Steps NOW…
Making sure your money is working as hard as you do! These digital assets are the future and promise to revolutionize how we store our money. NFTs are the new paper money because people can use them to pay for anything with no fees (per se), and if you ever decide that NFTs aren’t for you, then look for similar sites (there are many and growing fast) that have a decentralized marketplace where NFTs can be traded and sold with no fees…at least for now.
Stay tuned…as we’re part of the new frontier of capital gains! One things for sure…it’s going to be a Fund time!
We'll dig into it further in Pt. 3 of this series... You don't want to miss out!