Fiat currencies as well as cryptocurrencies are known to be “fungible,” which means that they can be traded for another token. With equal worth as 1BTC is equal in value to another 1BTC. This fungibility of cryptos makes it trusted for cryptos to be traded securely on the blockchain technology.
It contrast to crypocurenecies, NFTs has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another therefore known to be non-fungible. One THETA for example, is not equal to Chiliz simply because they’re both NFTs.
NFTs are used by writers and content creators as an opportunity to monetize their work. For instance; an artist do not have to relay basically on auctions and galleries to sell their art work, they can sell it directly and easily on an NFT with a more guaranteed profit. galleries or auction houses to sell their art. Instead, the artist can sell it directly to the consumer as an NFT, which also lets them keep more of the profits. Royalty profits are also applied even when art is sold to a new costumer. Music, photographs, Gifs, collectibles, videos and another products can also be sold.
Now Social media influencer,. YouTubers and even all kind of influencer have the opportunity to be a part of the NFT Market by the development of the SOCIAL NFT MARKET
About SOCIAL NFT
SOCIAL NFT MARKET is a decentralized Project on the binance smart chain that has been developed to solve that issues faced by the investors in the NFTs marketplace. The SOCIAL NFT MARKET Project will allow NFT marketplace connects with several social media ventures and organizations.
The platform will be like a virtual Market place for sellers and buyers of social NFTs, investors and NFT holders in the sense that they will be able to do major activities that can help incur Profits easily on the SOCIAL NFT MARKET.
FEATURES AND FUNCTIONS
DECENTRALIZED AND DISALLOWED
- SOCIAL NFT Framework is designed to optimize the benefits (and minimize the risks) of digital assets ownership and trading. Our core technology relies heavily on blockchain, automated smart contracts.
BLOCKCHAIN PROTOCOL
- SOCIAL uses the Binance blockchain and protocol, with the native token named SNFT. It will share security profit from the entire Binance network, avoiding the possibility consensus attack.
CHEAPER EXPOSURE FEES
- There will be some fees that apply such as application usage fees for trade execution, creation and listing of NFTs, NFT Auction.
CHAIN MANAGEMENT GOVERNANCE
- SOCIAL NFT Market governance enables stakeholders to seamlessly modify the protocol base and change critical framework parameters to meet changing needs of the environment and society.
CLIENT PARTNERSHIP
- SOCIAL NFT Marketplace provides a UNIQUE platform for users who want to bring their digital products to the NFT marketplace where they can sell their own images or goods in a marketplace with an established business model.
INCENTIVES AND REWARDS
- User Base Incentives and Rewards Community is almost everything, and the SOCIAL NFT Marketplace will focus entirely on rewarding early adopters In addition to incentives to use, the SOCIAL NFT Marketplace uses a Proof of Stake model that can offer its own rewards for being a network validator.
THE SNFT market
The SOCIAL NFT Marketplace will provide a digital item and crypto-powered trading platform for users to build, buy and sell NFTs traded with SNFT tokens, and also provide additional services including auction listings, governance mechanisms, trading history tracking, user based opinions and more. .
MISSOON of the SOCIAL NFT Marketplace
The mission of the Social NFT is to provide a forum for social media users to sell, buy or exchange their digital images.
NFT is very flexible and productive in its uses, from digital artwork to digital event tickets, and while NFT has a wide range of uses and categories, the SOCIAL NFT Marketplace will focus its attention on only one main area: social media items.
As far as the NFT market goes, it is still a young market, but it is growing year by year, with new NFT ventures entering the market every day.
Conclusion
With all be said above, it's an obvious fact that SNFT will be an amazing project. Why not be a part of it now!
Official link
WEBSITE:https://socialnft.market/
TWITTER:https://twitter.com/NftSocial
FACEBOOK:https://www.facebook.com/Social-NFT-Marketplace-107634801407846
TELEGRAM GROUP:https://t.me/SocialNFT/82
WHITEPAPER:https://wpdf/Whitepaper.pdf
INSTAGRAM:https://www.instagram.com/social.nft.marketplace/
AUTHOR:
BTT Username: LEON331300
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2215507;sa=summary
BSC Wallet Address: 0xD90f924dC3Cabb019D44a6380c295F475B0dB5af
Authentication: https://bitcointalk.org/index.php?topic=5342047.msg57356910#msg57356910