The cryptocurrency community’s ability to innovate is surpassed only by its influence in setting new trends, as evidenced by the rise of nonfungible tokens.
NFTs are digital objects that are verified on the blockchain and hold features such as uniqueness and non-interchangeability. They can take the form of pretty much any category but are most notably appearing in the form of art, music, items in blockchain-based video games, and video. At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH coin. It is worth noting that other blockchains can implement their own versions of NFTs. Non Fungible tokens appeal to collectors, investors and traders alike. They are a digital version of some product, like a piece of artwork, that gives the owner the certified version of that asset. This goes a long way in places like the art world, where owning the real deal — the official, unique version of an item — is much more valuable than owning a copy of it.
Bikdatax, which is a blockchain company, has been leading innovations in this space by creating NFT’s that open the door to creators and artists, while also elevating them in the art space. The onboarding rate is steep because there are steps involved when it comes to creating an NFT: identifying the art or digital item to mint the NFT, installing Metamask Wallet, choosing a marketplace, minting the NFT, and selling your NFT. ÜNGA provides a step-by-step guide on how to package, mint, and upload an asset into it. From there, there is a trading process where you can swap the NFT for Ethereum and even sell it back to Bikdatax. Typical competitors take a large cut of the revenue, however, Bikdatax aims to give 98% of royalties to the creators. It is imperative to empower creators because it allows them to make a living out of NFT’s and more money through their artwork.
Bikdatax Founder, Ayman Kabalan, is an artist, and he goes by EYEMAN. In addition to being an entrepreneur, he is also the first French Canadian rapper to have a song on the blockchain and offered as an NFT collectible. Additionally, he is a talented singer, songwriter, businessman, and philanthropist. His lyrics became a hit because of his high energy and melodies that captivated his fans. With his creative background, he understood the first-hand pain most artists go through when they are looking for a platform that empowers them via art.
Through EYEMAN’s brand ÜNGA, a stylish brand and bold clothing/merchandise line, he used the profits to donate generously to hospitals in Montreal. Eyeman is truly someone who puts others first. Throughout his journey as an artist and entrepreneur, he is focused on making philanthropy a top priority.
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