Blockchain was first introduced in 2008 and ever since we come across new products based on it, NFT is one of them. Before we dive into NFTs, let’s understand what is blockchain?
Blockchain is a digital and secure record of transactions that exist across a network. It does nothing but stores information electronically in digital format. So, any kind of transaction between users will always be available on the network — you will have access to it for a lifetime.
Blockchain is a revolution because it gives security without the need for a third party and that’s how NFT came into the picture, so, let’s see what is NFT?
What’s an NFT?
A non-fungible token is a unique digital asset (which can’t be duplicated) with verified identity and ownership, which mostly runs on Ethereum. For instance, take it as a digital ticket to get exclusive access to the services that can include becoming a part of some community, a pass to attend some events, etc.
It gives them bragging rights to the owner, as in ownership of digital assets.
NFTs have been here for the last five years but 2021 was the year when it started getting popularized, let’s understand why people are utilizing NFTs now?
Why NFTs now?
With the rising change in how trade works, NFTs have become an important asset. NFTs’ popularity is largely linked to the psychology of joining the new thing before it’s too late and that’s why various entrepreneurs have launched their NFT projects and celebrities decided to own various kinds of NFTs giving NFTs a great push.
But why do people even buy NFTs?
It gives people a way to network and participates in a new cultural paradigm — networking with the people who are part of the same community.
It has become a highly passive (and even active for some) income for the creators — people who wanna support a particular creator can buy NFTs launched by those creators.
The feeling of having something beautiful, unique, and special — a part of some internet entity belongs to them.
Now, anyone can become a collector and even can build a digital gallery.
Now, we know why people are buying NFTs but what are the other uses of NFTs?
NFTs are highly impactful in the ticketing industry, gaming industry, and our everyday evolving meme market.
Meme NFTs And Future Of MOM
Memes have been popular for more than a decade now and with NFTs’ rise, the meme market has made its community provide meme creators a chance to create, buy and sell their memes as NFTs and to support this cause more fruitfully, MOM, a new project has been launched.
MOM — the mom of memes, gives unique access to owners to swap their unsold meme tokens with their MOM tokens. MOM assures rewards and safeguards to holders, an amount of 2% gets deducted and sent back to the liquidity pool to facilitate smooth trading.
With that, MOM also offers 1% reflection tokens to holders which gives a share to the holder every time a transaction takes place.
With MOM in the ecosystem, there will be an exponential growth of the meme market before the population could comprehend the state of affairs.
For More updates and news about #MOMToken, Do follow our social media handles :-
🌐Social Media:
📢 Official information
📢 ▶️Website : https://momtoken.io/
▶️Twitter : https://twitter.com/momtokenglobal
▶️Facebook : https://facebook.com/momtokenglobal
▶️Instagram : https://www.instagram.com/momtokenglobal/
▶️Telegram: https://t.me/momtokenglobal
▶️Audit by Techrate: https://github.com/TechRate/Smart-Con...
▶️Audit by Solid Proof : https://github.com/TechRate/Smart-Contract-Audits/blob/main/Mother%20of%20Memes%20Full%20Smart%20Contract%20Security%20Audit.pdf/
🚨Smart Contract: 0x211fa9e7e390c29b0ab1a9248949a0ab716c4154
🚨 BSC Scan Link: https://bscscan.com/token/0x211fa9e7e...