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Guide for Business Owners: What is NFT?
In this post, we’ll explore what is NFT – what it is and what it means for business owners.
NFT stands for “Non-Fungible Token” which means that the product can only be used by the purchaser of the product.
It does not mean that you cannot trade your products with other people or sell them to others on a case-by-case basis. It simply ensures that what you are selling will not be traded in any way other than what was agreed upon when purchasing the product.
How do you explain NFT to someone unfamiliar with the concept?
NFT is a mechanism that allows the purchaser of your products to verify what they have purchased while ensuring that what you are selling cannot be traded. It enables participants in an ecosystem to ensure what they own and what value it holds will not be affected by any other user or service.
It also prevents third-party players from making copies of what you are selling, which is essentially what happens in the case of digital products that can be duplicated and sold.
NFT is a general term for blockchain-based non-fungible tokens.
In what way are they not the same as other tokens?
Non-fungible tokens represent unique digital assets. Most cryptocurrencies, such as Ether, are fungible means that one Ether can be exchanged for another Ether.
It doesn’t matter what happened to the one Ether before it gets exchanged for the other. In this case, one NFT can be exchanged for another with a different background story or appearance.
“Blockchain based” what does that mean?
Blockchain-based refers to transactions on a decentralized platform that records all of its data in a public ledger. You can’t change what’s in the ledger or what has been recorded. What you see is what you get. It’s called blockchain because the information is stored in blocks linked together to form a chain of data.
“Non-fungible tokens” what are they?
An NFT represents unique digital assets. One NFT can’t be exchanged for another that represents the same thing in the same way. For example, one token might represent a cat, while another represents a house in Monopoly.
What is NFT used for?
NFT has been used in games to create collectibles and rare items. It can also be used by users to secure ownership over their data.
NFT has also been used in the music industry to allow musicians to sell what they are creating directly on the blockchain while preventing it from being duplicated.
Businesses can also use it for users who purchase some kind of service that ensures what they have purchased is what they get. It could be something like a voucher redeemable for a particular service.
What are the benefits of using NFT?
The primary benefit is what it means to the user, which has already been mentioned above. Allowing users who have purchased what they want to own what they have purchased provides them with more control over their assets and what they are spending their money on.
NFT provides several benefits for both the user and the business. It allows the user to own what they have purchased, preventing others from duplicating what they have bought. It also means that what they are buying cannot be used in any other way than what was agreed upon when they made their purchase.
This gives users more control over their assets and what they are spending their money on. Additionally, it creates a sense of trust between the purchaser and the seller.
How do you get started with NFT?
For more information on starting with NFT development, be sure to read our article on the subject NFT Development Guide for Business Owners
What are the risks of using NFT?
NFT also comes with several risks, the first of which is what happens if the project is abandoned. This is because what has been built cannot be transferred to other projects.
Another risk is that what you are creating might not have the value you initially thought it did.
This can damage your business, which in turn damages your reputation, leading users not to trust what you are doing anymore.
Are NFTs a good investment?
NFTs could be a good investment (if you know what you’re doing) because they offer a unique and secure way to store value. They are also easy to use, making them a popular choice for investors. NFTs can be a great way to diversify your portfolio, and they offer a high potential for return on investment.
We do not recommend any investment in NFTs and urge investors to do their own research before investing in this new and untested technology. NFTs are still a new and evolving technology, and there is no guarantee that they will be a successful investment. Investors need to be aware of the risks involved in investing in NFTs and should only invest what they can afford to lose.
Can You Make Money with NFTs?
It’s possible to make money with NFTs, but it’s not always easy. Here are a few tips to help you get started:
- 1. Create a compelling and unique NFT that people will want to own.
- 2. Find a good marketplace or exchange to list your NFT.
- 3. Promote your NFT on social media and other channels.
- 4. Be patient and keep working on building your brand and audience.
Are NFT same as crypto tokens?
No. Crypto tokens are used for most blockchain-based cryptocurrencies, also known as altcoins. These tokens can be traded on exchanges and what has a value associated with them.
NFTs are assets that represent something unique within their own ecosystem. Players in a video game, cars in a racing game, what sort of example.
NFT is used to describe things like CryptoKitties and digital art pieces.
Where do you use NFTs?
NFTs are used in a variety of ways, but primarily they are used as a way to prove ownership of an asset. This can be done through various means, such as through a unique identification number or by attaching the NFT to a specific blockchain address. NFTs can also represent digital assets, such as tokens or other digital items.
What can u sell as an NFT?
With what you can trade as NFTs? The options are limitless.
It’s an exciting time to be involved in this space. We’re seeing everything from event tickets, unique artwork, collectibles & more being traded with NFTs every day!
What is NFT minting?
NFT minting is a process by which new digital tokens are created and distributed. In most cases, this is done by a third party, such as a company or organization. A new digital token is minted when a new product or service goes on sale.
How is NFT minting different than what we do with cryptocurrency today?
Today, cryptocurrencies such as Bitcoin and Ethereum are minted by users who contribute computing power to process transactions on the network. This is what powers the blockchain. This method of minting tokens through cryptographic validation distinguishes cryptocurrencies from NFTs in a technical sense.
How do I get NFT tokens?
NFT tokens are minted during an Initial NFT Offering ( INO ). An INO is a crowd sale event by the entity that created the new token. After funds are raised, the founder’s company will issue tokens back to contributors. Tokens can also be traded on exchanges.
Why are NFTs so expensive?
NFTs are what we call a “scarce digital asset,” which means there’s only a limited supply of them. Since they’re valuable and available in limited quantity, NFTs tend to drastically appreciate over time.
NFTs are a new and exciting technology that offers a high potential for return on investment. Many celebrities have gotten involved in the market, driving up the price of NFTs.
Some believe that NFTs are a bubble waiting to burst, while others see them as a way to invest in the future.
Regardless, NFTs are still a new and evolving technology. There is no guarantee that they will be a successful investment.
What makes a good NFT?
There’s no magic formula for what makes a good NFT. It really depends on what the creator wants to accomplish with their token.
There’s no one-size-fits-all answer to this question, as what makes a good NFT will vary from token to token.
However, there are a few things to keep in mind when creating or purchasing an NFT:
- 1. Make sure the token has a clear purpose and value proposition.
- 2. Make sure the token is easy to use and accessible.
- 3. Make sure the token is backed by a strong team and community.
- 4. Make sure the token has a good marketing strategy.
- 5. Make sure the token is listed on reputable exchanges.
If you need help with NFTs, please don’t hesitate to contact us. We’re experts in the space and would be happy to help you get started.
Original article source at: https://www.blog.duomly.com/
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Best Electric Bikes and Scooters for Rental Business or Campus Facility
The electric scooter revolution has caught on super-fast taking many cities across the globe by storm. eScooters, a renovated version of old-school scooters now turned into electric vehicles are an environmentally friendly solution to current on-demand commute problems. They work on engines, like cars, enabling short traveling distances without hassle. The result is that these groundbreaking electric machines can now provide faster transport for less — cheaper than Uber and faster than Metro.
Since they are durable, fast, easy to operate and maintain, and are more convenient to park compared to four-wheelers, the eScooters trend has and continues to spike interest as a promising growth area. Several companies and universities are increasingly setting up shop to provide eScooter services realizing a would-be profitable business model and a ready customer base that is university students or residents in need of faster and cheap travel going about their business in school, town, and other surrounding areas.
Electric Scooters Trends and Statistics
In many countries including the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, India, Brazil and Mexico and more, a growing number of eScooter users both locals and tourists can now be seen effortlessly passing lines of drivers stuck in the endless and unmoving traffic.
A recent report by McKinsey revealed that the E-Scooter industry will be worth― $200 billion to $300 billion in the United States, $100 billion to $150 billion in Europe, and $30 billion to $50 billion in China in 2030. The e-Scooter revenue model will also spike and is projected to rise by more than 20% amounting to approximately $5 billion.
And, with a necessity to move people away from high carbon prints, traffic and congestion issues brought about by car-centric transport systems in cities, more and more city planners are developing more bike/scooter lanes and adopting zero-emission plans. This is the force behind the booming electric scooter market and the numbers will only go higher and higher.
Companies that have taken advantage of the growing eScooter trend develop an appthat allows them to provide efficient eScooter services. Such an app enables them to be able to locate bike pick-up and drop points through fully integrated google maps.
List of Best Electric Bikes for Rental Business or Campus Facility 2020:
It’s clear that e scooters will increasingly become more common and the e-scooter business model will continue to grab the attention of manufacturers, investors, entrepreneurs. All this should go ahead with a quest to know what are some of the best electric bikes in the market especially for anyone who would want to get started in the electric bikes/scooters rental business.
We have done a comprehensive list of the best electric bikes! Each bike has been reviewed in depth and includes a full list of specs and a photo.
Billy eBike
https://www.kickstarter.com/projects/enkicycles/billy-were-redefining-joyrides
To start us off is the Billy eBike, a powerful go-anywhere urban electric bike that’s specially designed to offer an exciting ride like no other whether you want to ride to the grocery store, cafe, work or school. The Billy eBike comes in 4 color options – Billy Blue, Polished aluminium, Artic white, and Stealth black.
Price: $2490
Available countries
Available in the USA, Europe, Asia, South Africa and Australia.This item ships from the USA. Buyers are therefore responsible for any taxes and/or customs duties incurred once it arrives in your country.
Features
- Control – Ride with confidence with our ultra-wide BMX bars and a hyper-responsive twist throttle.
- Stealth- Ride like a ninja with our Gates carbon drive that’s as smooth as butter and maintenance-free.
- Drive – Ride further with our high torque fat bike motor, giving a better climbing performance.
- Accelerate – Ride quicker with our 20-inch lightweight cutout rims for improved acceleration.
- Customize – Ride your own way with 5 levels of power control. Each level determines power and speed.
- Flickable – Ride harder with our BMX /MotoX inspired geometry and lightweight aluminum package
Specifications
- Maximum speed: 20 mph (32 km/h)
- Range per charge: 41 miles (66 km)
- Maximum Power: 500W
- Motor type: Fat Bike Motor: Bafang RM G060.500.DC
- Load capacity: 300lbs (136kg)
- Battery type: 13.6Ah Samsung lithium-ion,
- Battery capacity: On/off-bike charging available
- Weight: w/o batt. 48.5lbs (22kg), w/ batt. 54lbs (24.5kg)
- Front Suspension: Fully adjustable air shock, preload/compression damping /lockout
- Rear Suspension: spring, preload adjustment
- Built-in GPS
Why Should You Buy This?
- Riding fun and excitement
- Better climbing ability and faster acceleration.
- Ride with confidence
- Billy folds for convenient storage and transportation.
- Shorty levers connect to disc brakes ensuring you stop on a dime
- belt drives are maintenance-free and clean (no oil or lubrication needed)
**Who Should Ride Billy? **
Both new and experienced riders
**Where to Buy? **Local distributors or ships from the USA.
Genze 200 series e-Bike
Featuring a sleek and lightweight aluminum frame design, the 200-Series ebike takes your riding experience to greater heights. Available in both black and white this ebike comes with a connected app, which allows you to plan activities, map distances and routes while also allowing connections with fellow riders.
Price: $2099.00
Available countries
The Genze 200 series e-Bike is available at GenZe retail locations across the U.S or online via GenZe.com website. Customers from outside the US can ship the product while incurring the relevant charges.
Features
- 2 Frame Options
- 2 Sizes
- Integrated/Removable Battery
- Throttle and Pedal Assist Ride Modes
- Integrated LCD Display
- Connected App
- 24 month warranty
- GPS navigation
- Bluetooth connectivity
Specifications
- Maximum speed: 20 mph with throttle
- Range per charge: 15-18 miles w/ throttle and 30-50 miles w/ pedal assist
- Charging time: 3.5 hours
- Motor type: Brushless Rear Hub Motor
- Gears: Microshift Thumb Shifter
- Battery type: Removable Samsung 36V, 9.6AH Li-Ion battery pack
- Battery capacity: 36V and 350 Wh
- Weight: 46 pounds
- Derailleur: 8-speed Shimano
- Brakes: Dual classic
- Wheels: 26 x 20 inches
- Frame: 16, and 18 inches
- Operating Mode: Analog mode 5 levels of Pedal Assist Throttle Mode
Norco from eBikestore
https://ebikestore.com/shop/norco-vlt-s2/
The Norco VLT S2 is a front suspension e-Bike with solid components alongside the reliable Bosch Performance Line Power systems that offer precise pedal assistance during any riding situation.
Price: $2,699.00
Available countries
This item is available via the various Norco bikes international distributors.
Features
- VLT aluminum frame- for stiffness and wheel security.
- Bosch e-bike system – for their reliability and performance.
- E-bike components – for added durability.
- Hydraulic disc brakes – offer riders more stopping power for safety and control at higher speeds.
- Practical design features – to add convenience and versatility.
Specifications
- Maximum speed: KMC X9 9spd
- Motor type: Bosch Active Line
- Gears: Shimano Altus RD-M2000, SGS, 9 Speed
- Battery type: Power Pack 400
- Battery capacity: 396Wh
- Suspension: SR Suntour suspension fork
- Frame: Norco VLT, Aluminum, 12x142mm TA Dropouts
Bodo EV
http://www.bodoevs.com/bodoev/products_show.asp?product_id=13
Manufactured by Bodo Vehicle Group Limited, the Bodo EV is specially designed for strong power and extraordinary long service to facilitate super amazing rides. The Bodo Vehicle Company is a striking top in electric vehicles brand field in China and across the globe. Their Bodo EV will no doubt provide your riders with high-level riding satisfaction owing to its high-quality design, strength, breaking stability and speed.
Price: $799
Available countries
This item ships from China with buyers bearing the shipping costs and other variables prior to delivery.
Features
- Reliable
- Environment friendly
- Comfortable riding
- Fashionable
- Economical
- Durable – long service life
- Braking stability
- LED lighting technology
Specifications
- Maximum speed: 45km/h
- Range per charge: 50km per person
- Charging time: 8 hours
- Maximum Power: 3000W
- Motor type: Brushless DC Motor
- Load capacity: 100kg
- Battery type: Lead-acid battery
- Battery capacity: 60V 20AH
- Weight: w/o battery 47kg
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Start Your Gaming Action with peerless NFT Game Development Services
NFTs are becoming more popular in the gaming sector as the demand for unique in-game development increases. Professional NFT Game Development Services deliver a thrilling experience with crypto collectibles. As a professional NFT development company, TokyoTechie is the backbone behind various NFT projects. For more details visit us at TokyoTechie - https://bit.ly/3yglPQG
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NFT Development Guide for Business Owners
https://www.blog.duomly.com/nft-development-guide/
If you’re a business owner, you know that staying ahead of the competition is key to success. And to stay ahead, you need to be constantly innovating and evolving your business model. But how do you do that? How can you create something new when everything around you seems so familiar?
One way to develop new ideas is to explore the world of NFT development. NFTs are a relatively new technology, and there are still many possibilities for what they can be used for. So if you’re looking for ways to take your business to the next level, then NFT development may be just what you need.
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NFT Marketplace Software Development Services 2021
NFT marketplace development
The NFT marketplace development is the current scenerio or trendsetter in the digital world. The value of Non Fungible Tokens (NFTs) has not dropped and is still significant and stable in the marketplace. The masssive increase in NFT token value has gained lot of users attraction to adopt this marketplace platform for its efficient features. It’s perfect and best time for investors to consider this blockchain based investment platform since the crypto market for NFT marketplaces is trending in recent times.
An Opensea and rarible similar platform with all technical features and functionalities is developed and given by professional experts. Connect with a leading blockchain company to raise the business standards and compete with others in the marketplace.
Development steps of NFT Marketplace Platform like OpenSea
NFT Marketplace like OpenSea are highly considered to be best for buy, sell and trade across the world in recent times. This OpenSea Clone Script offers a lot of unique digital items for users to trade and benefit from it.
- The crypto users are attracted to this marketplace since they can tokenize their art, games, and real-world assets to Non Fungible Tokens (NFTs) and get more income in less time.
- The main reason to select a marketplace like OpenSea is that it acts easily and quickly in transactions with less time and has more crypto value in the trade market.
- The NFT marketplace platform like OpenSea provides different digital collectibles like domain names, art, games, etc.
- An NFT marketplace like OpenSea always permits anyone to buy/sell NFTs.
- The built quality of this marketplace platform is highly scalable , flexible and comes customizable according to crypto users requirements.
- Opensea clone enables a multi-wallet payment gateway for the purchase of different NFTs & crypto digital tokens.
Creation of NFT Marketplace like Rarible
NFT Marketplace like Rarible are highly considered to be best NFT marketplace across the world in recent times. This OpenSea Clone Script offers a lot of unique digital items for users to trade and advantage from it. The NFT marketplace platform like Rarible has legal compliance in their whole functioning process and attractive crypto user interface (UI) to attract users towards this NFT marketplace platform.
NFT marketplace platform offers comprehensive service to buyers & sellers for developing this NFT marketplace well known worldwide.
An NFT marketplace platform like Rarible provides high-level security, fast transactions , immutability and fewer crypto transaction fees.
The creation of a marketplace platform or website like Rarible built using the latest blockchain technology stack software & highly skilled professional expert’s assistance.
The NFT marketplace website like Rarible is then tested under certain stages and made ready to start or launch for investors to skyrocket their desired business.
Investment towards a marketplace like Rarible has highly potential in cryptocurrency trading and a lot to provide cryptocurrency users since the token value is high volume for competing with others in the crypto based market.
Why BlockchainAppsdeveloper For NFT Marketplace Development?
BlockchainAppsDeveloper is the top leading NFT Marketplace Development Company, We offer ready-to-launch or start NFT Marketplace Development Services that help to build your own NFT Marketplace like Rarible, Opensea, Ghost market, etc.
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Enhance your token exchange business with NFT Development
The NFT Development is a unique type of cryptographic token that holds futuristic keys in the blockchain world. Each crypto-like NFT token is identifiable from other crypto tokens to represent as assets in a digital-token. NFTs individuality benefits in securing digital token ownership, protecting IP, recording digital asset transactions, and stands firm with high value in the marketplace. It uses NFT Smart Contract to create the entire structure of the transaction gateway. It holds end-to-end NFT solutions to offer collectibles in the blockchain. Arts and games are the centers of attraction in the NFT marketplace to boost tokenization development.
• NFT tokens for Art :
The efficient role of art tokenization is signature creation by artists. Digital arts have been trending in the NFTs marketplace since the creation of AR/VR. This technology in NFT makes Art unique and holds a place in the trade market.
• NFT tokens for Marketplace :
The NFT marketplace is a revenue-generating place for investors in the digital crypto world. The unique features and specifications associated with NFTs benefit various industries to reap success in the Marketplace. The unique collectibles like Art, games, and assets lure many users in the blockchain marketplace’s virtual ecosystem.
• NFT tokens for Games :
The virtual assets in games provide exclusive gameplay with rare assets like characters, weapons, and tokens for upgrading. These assets are non-interoperable, so the land-asset used in one game cannot be used in other games. The NFT is listed, and game developers grant permission for use in the game.
The blockchain platform is widening various platforms for investors to step in and get benefitted. Likewise NFT is the biggest platform for generating tokens in various industries. The entrepreneurs can reach out to any blockchain company for assistance in development of NFT to raise their business level in the marketplace.
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