Did You know about 1 Million NFTS ?
NFT, we’ve all been hearing that word lately. That word got really popular! Even NFT art has sold for millions of United States dollars ?! What is NFT?
How about 1 million. What are they doing? Why do you have to choose 1 million, and how do you make money? In this article, let us examine this
The world of crypto is always changing, if in 2020 the world is popular with Defi, then in 2021 it is popular with NFT. The word NFT itself is widely discussed among the crypto community. Even the art of NFT itself reaches tens and millions of US dollars.
NFT or Non Fungible Token, maybe we already know what a token is, but what is the term Fungible is outside, in essence it means that it can be replaced. So, tokens are replaceable, meaning that nothing is the same.
NFT is a digital token token on the blockchain that symbolizes something or ownership of that item. Some of the most common examples used today are digital art forms and ownership of them. It has had the biggest sales in 2021. Some of the artworks have sold for millions of dollars. If you want to sell or buy goods that sell goods on that ownership.
How do NFTs work?
NFTs are part of the Ethereum blockchain so they are individual tokens with additional information stored on them. although there are several NFT platforms like BSC the Ethereum platform is more popular. and also in the NFT allows them to be in the form of works of art, music, videos and others, in the form of JPGS, MP3, video, GIF and others. Because they have value, these works of art can be bought and sold, such as NFTs about the preferences of the users. its value is largely determined by market and demand.
That doesn’t mean there is only one digital version of NFT art available on the market. In much the same way that original art prints are created, used, bought and sold, NFT copies are still a valid part of the blockchain — but they will not have the same value as the originals.
And don’t think you’ve hacked the system by right clicking and saving the NFT image either. It won’t make you a millionaire because the files you download won’t store the information that makes it part of the Ethereum blockchain.
How about 1millionfts ?
1MlnNFTs.com is a smart-contract based web3 platform on Ethereum blockchain with 1000x1000 pixels grid. Each pixel is an ERC-721 NFT token with its location. Users will have an opportunity to buy, sell, rent and paint them to create any picture with any link inside. But to paint pixels you need another ERC-20 tokens
A little story about the token creation 1million nfts
In 2005 Alex Tew created a 1000x1000 grid. 1mln pixels for sale: $1 each. He raised $999k and the last 1000 pixels were sold on eBay for $38'100.
Reddit’s “Place”
In 2017 on April Fool’s Day Reddit launched a social experiment called “Place”. Every registered user could place a colored pixel every five minutes for Free.
Tokens Model
- ERC — 721 NFT tokens
Each NFT token is a blockchain proven ownership of 1 pixel on
2. ERC-20 tokens 1MIL
Tokens needed to BUY NFT-pixels and PAINT them to make some pictures on the grid.
Tokenomic
Each round has it’s place, but..
There are lockups and Strategic investors for example will get only 10% on TGE. So they will be able to grab and paint only 10% of Strategic TOP place. But their priority right to get 100% of the strategic location will last for 6 hours, but they don’t have enough tokens. What to do? Right — go to the market and buy more, or lose the priority to get strategic location, so others can grab it.
That’s our brief explanation about non fungible tokens, especially 1Millionnfts. Even though it has only just emerged on the surface, NFTs are a type of digital asset that has long been traded by the public. In 2021, NFT is increasingly popular and is becoming a big phenomenon among investors. If you have extra cash and are fond of investing in cryptocurrencies, maybe NFTs are the right digital asset for you.
- 1MillionNFTs Website: 1mlnnfts.com
- Telegram: https://t.me/OneMlnNFT_community
- Twitter : https://twitter.com/1MillionNFT
- Medium: 1millionnfts.medium.com
