These rare tokens first came to the fore in October 2017 with the introduction of CryptoPunks, the world’s first marketplace for “rare digital art.” They are essentially irreplaceable tokens that were not advertised outside the blockchain community at the time, but are now growing rapidly.
Also known as a non-fungible token, NFT is a unique, indivisible digital item with blockchain-managed ownership. These include collectibles, game items, digital art, event tickets, domain names, and even contract ownership documents for physical assets.
According to nonfungible.com, more than $ 2 billion was spent on NFTs in the first three months of 2021, an increase of 2,100% from the fourth quarter of 2020. In July 2021, a total of $ 1.2 billion worth of NFTs were sold, accounting for more than half. According to DappRadar, total annual sales are $ 2.5 billion.
2021 is remembered as the year of NFTs where visionaries, architects, developers and venture investors began to imagine the next generation of public digital infrastructure. One such company focused on adopting more NFTs and Web3 digital initiatives is the Nexus Project, a Web3-based payment infrastructure for small and large enterprises.
It’s tempting to dismiss NFTs as just digital art, but its value goes far beyond the digital treasures and profile images used to influence social media. The ultimate importance of NFTs in business and culture is not yet fully understood, but the growing popularity of NFTs requires anyone inquisitive to delve into the existing ecosystem.
Nexus Project Web3 Digital Payment Infrastructure and NFT Drop
The Nexus Project is a payment gateway that leverages the blockchain to provide a digital payment infrastructure that contributes to economic development by improving accessibility and promoting consumption. The Nexus Project deploys its own digital rewards / points services to enable merchants to implement reward systems for loyal customers and ensure customer retention.
Nexus also publishes generative NFTs and Living Proof NFTs. This is a platform for creating your own NFTs signed by celebrities and popular artists. Nexus connects key brands and IPs in sports, culture, collectibles and technology to the blockchain by granting NFT utilities in the rapidly evolving Web3. Nexus creates a process to verify the author on the platform, increasing the credibility and credibility of the user.
The platform can also publish “Gacha-like NFT Mystery Boxes”. This gives collectors the opportunity to open boxes of rare digital collectibles. Each collection consists of individually wrapped NFTs assembled by individual curators.
The project is also working on tokenization of loyalty points services, which is the first driving force for this type of integration. This allows merchants to deploy their own digital rewards / points services, reward systems for loyal customers, and ensure mainstream payment services that are secure, transparent and tamper-proof.
In an era of Web3.0 innovation and explosive adoption, the Nexus Project has integrated digital incentives / points services as a Web3.0 payment solution built on the multi-chain token economy Nexus Token (NXD). What that means is that the payment service utilizes a web3 digital framework that decentralizes the payment network, guaranteeing data privacy, service efficiency, low transaction costs, and ultra-fast networks. am.
Nexus has already achieved some collaborations with numerous UAE companies, helping to integrate point payment services primarily at many retail stores, restaurants and other facilities in Dubai and Abu Dhabi. I am. Nexus has made it easy for stores and business outlets to integrate digital rewards / points services without having to invest heavily in system installation.
The potential for web3 to democratize, decentralize and improve the Internet is enormous, and that’s what Nexus has achieved within the payments sector. Web 3.0 is not only a technological advance, but also a major change for both businesses and consumers. With Nexus, merchants and customers are exposed to tokenized loyalty points that, when accumulated, can be redeemed for physical goods and services.
With this tokenized point engraved with a digital ID on the blockchain, the general public is exposed to tamper-proof, security protection, transparent point service, and essentially all the drawbacks of centralized point service. Will be resolved.
The future is Web3.0
Web3 is able to provide high value-added services and products to people and businesses due to its aggressiveness and high degree of customization. The Nexus web3 payment infrastructure eliminates the dominant third parties in traditional payment services, thereby giving consumers and users more autonomy and freedom to trade freely in a secure and transparent environment. Give.
At that time, it can be said that Web3 began to take shape. As blockchain technology advances, I think the boundaries of the Web3 empire will expand and applications and adoption will increase in almost all known industries.
Nexus project resource link:
・ Official site: https: //nxdproject.io/
·twitter: https://twitter.com/nexus_dubai
・ Telegram (English): https: //t.me/nexusdubai
・ Reddit: https: //www.reddit.com/r/nexusdubai/
・ Github: https: //github.com/nexus-dubai/nxd
-Link tree: https: //linktr.ee/Nexus_Dubai
