Recently, NFT images of famous figures who are Chairman of significant Vietnamese corporations have been offered for sale on digital asset markets for several tens of thousands of dollars. The media influence of news about these persons increases the value and desire to purchase NFTs.
1. What are NFTs (Non-fungible tokens)?
NFT is a type of digital asset present on a digital chain (blockchain). The key feature of NFT is that each asset will have its own digital signature and belong to a single owner. NFTs are usually traded in cryptocurrencies, but sometimes USD can also be used.
So what are the benefits that NFT brings?
NFT assets must be genuine, preserve intellectual property rights, and be transparent in trade. Particularly in the case of works of art, when authenticity is crucial in evaluating value. Currently, common kinds of NFT include NFT tokens, NFT gaming objects, encrypted artwork, etc. The price of NFT ranges from a few USD to tens of millions of USD. For example, Beeple’s Everyday: the First 5000 Days painting was sold as NFT for nearly $70 million.
2. NFT picture of Mr. Trinh Van Quyet for sale for more than 20,000 USD
After news of accusations of manipulating stock prices, causing serious damage to investors, and affecting the operation of Vietnam’s stock market, NFT pictures of Mr. Trinh Van Quyet – former Chairman of FLC Group started for sale on OpenSea (the largest digital marketplace with a wide range of unique digital currency and merchandise collections).
3. NFT image of Mr. Do Anh Dung – Chairman of Tan Hoang Minh is offered for sale at a higher price than Mr. Trinh Van Quyet’s NFT
Imagine it was a joke, but it’s not. As soon as you access OpenSea and search for the keyword “Do Anh Dung” or “Tan Hoang Minh”, you will see a series of NFT photos of Mr. Do Anh Dung. These images are being advertised for prices ranging from 5 to 13 Ethereum ($17,600 – $45,760). The NFT image below is owned by the CrazyCryptoFund account (the account owner who created the NFT image is Mr. Trinh Van Quyet).
As can be seen, NFT is like a collector’s item but in digital form. Instead of owning a real-life oil painting and hanging it on the wall, the buyer will receive a digital file and claim ownership.
NFT has a lot of potential applications in different industries and fields, for example, games, music, technology, education… NFT4Good’s charity campaign against Asian discrimination, #StopAsianHate, is one such example. The organization creates 88 NFT-style collectible cards of Asian-American leaders in a variety of industries. The funds are subsequently distributed to non-profit organizations that promote community-based environmental conservation efforts.
Properly applying blockchain, NFT can bring you huge profits. If you do not know how to apply but have already extremely unique ideas, please contact Arcanic Tech immediately for advice and support!
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