NFTs stands for Non Fungible Tokens.
Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type.
Money is a perfect example of fungible assets. You can interchange a $10o note to two $50 notes and it will have the same value. The fact that NFTs are non fungible means it has its own unique properties and cannot be interchanged with something else.
An NFT is an asset verified using blockchain technology, in which a network of computers records transactions and gives buyers proof of authenticity and ownership,it could be images, GIFs, songs or videos. Most importantly, NFTs make digital artworks unique, and sellable. NFTs are one of a kind assets in the digital world that can be bought and sold like all other assets but have no tangible form of their own. Unlike normal cryptocurrencies, NFTs cannot be directly exchanged with one another. This is because no two NFTs are identical. NFTs exist as a whole,unlike Bitcoin and other coins which can be divided into smaller dominations. NFT data is stored on the blockchain via smart contracts, each token cannot be destroyed, removed or replicated.
The technology for NFTs has been around since the mid-2010s but hit the mainstream in late 2017 with CryptoKitties, a site that allowed people to buy and “breed” limited-edition digital cats with cryptocurrency. In theory,anybody can tokenise their work and sell as NFTs.
Bluzelle will be launching their own NFT collection very soon and they will be launched through the Rarible platform which is the first community-owned marketplace promoting the seamless trading of NFTs.
This collection will have 4 unique NFTS,Each week a new design will be released with a limited set of 10. In total, 40 NFTs will be released. The participant who are able to get all four designs in the collection will get a fifth special one as a bonus.
Stay tuned to participate in the campaign
To participate, the following rules are to be followed:
Users will be required to follow all the social media channels of Bluzelle – Twitter & Telegram.
Retweet the “Bluzelle NFT Collection” tweet by tagging 3 friends in the comment section below.
The community participants will actively support in fueling the marketing efforts of Bluzelle. They will actively work towards increasing the level of engagement across social media channels by employing diverse strategies.
The community participants will be positive proponents supporting the value propositions of Bluzelle and communicating feedback to improve the growth of the platform.
Users will be required to curate education content to spread awareness about the platform by creating GIFs, Memes, Youtube videos, blog posts etc.
Stay tuned
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