I have enough sweaters. With the exception of vinyl, no one wants physical media anymore. And if you’re not a fan of Adele, good luck. It sounds like a good idea to give someone an experience like a restaurant gift certificate, but have you seen those different spread numbers?
So, as it isn’t, this holiday season may have no choice but to give your loved ones an NFT.
Joking aside, the popularity and value of irreplaceable tokens has exploded this year. However, not everyone is involved and many are still not completely clear about what an NFT is.
Give a unique digital gift
NFT represents a non-fungible token. It’s a kind of digital asset that can’t be duplicated and is stored in a decentralized shared database, the blockchain.
NFTs can be music or movies, but at this point, the excitement of NFTs is unique digital art, such as the portrait of Edward Snowden, which sold for $ 5.4 million.Like bitcoin ((((BTSC). , Or as well as investing in analog artwork, NFTs have the potential to increase in value and are attracting attention among investors.
How to give NFT and crypto
NFTs have gained a reputation as a tech-savvy plaything for the ultra-rich because they’re attracting attention for their eye-earning sales, but all former Google scientists use them. We are trying to level the competition by making it easier to do. ..
Hossein Azari is the CEO of the decentralized crypto platform CMORQ, a “safe, secure and easy-to-use service” that can be used to buy and exchange cryptocurrencies such as NFTS and Bitcoin, he says.
The main thing you need to buy and offer an NFT is a digital wallet. This is software that you can use to store your assets online. In general, you can set up your digital wallet by signing up for a cryptocurrency exchange platform such as OpenSea or CMORQ. Azari says it will be connected to the marketplace “soon”.
“NFTs have their own time stamps and we capture images to commemorate the event and time,” he said. “You can give an NFT by purchasing from the online marketplace. To purchase an NFT, you need to connect an existing wallet and then transfer it to the recipient’s wallet.”
If it sounds complicated, Azari claims that anyone you give a gift will get the hang of it. “You don’t need to know about blockchain. Anyone with internet access can do it, just by watching the art and getting a wallet.”
You get an NFT! And with you …
He hopes NFTs will be a very popular gift this year, and CNBC recently reported that Millennials and Gen Z are planning to spend thousands of dollars on cryptocurrency gifts. ..
So if there are people in your life who aren’t sure about all this, Azari says it’s time to introduce them to the wonderful world of cryptocurrencies. If nothing else, they would at least be surprised.
“There is always the first thing, and letting the world know about new technologies is the best we can do to help it change our lives.”
If you don’t have the cash to spend thousands of dollars on images of a green primate for a special person, Azari said his platform offers an NFT of less than $ 25 designed by artist Sarane Mati. And more people learn and join the space. “
He adds: “There are many NFTs to choose from for less than $ 100. It’s just as interesting to browse the collection as you would in a gallery. There may be NFTs that match someone’s personal taste. Wide range in OpenSea. You can see things, and you can also follow the trend collection on Instagram and Twitter.
If you’re spending a lot and being very generous, the IRS generally taxes gifts over $ 15,000, but you might be happy to know that no specific guidance on NFTs has been issued yet. Maybe.
Yes, you can re-gift the NFT
Even if you’re not sure about NFTs, it’s a slightly more unique gift at this point than a Starbucks gift certificate. And what if the person you get it is just not interested in it? Now, Azari says that you can change it at any time, just like a tie or a book.
“Yes, our products and other products support transferring it, and you could even list them on the market to sell them,” he says. “But we need a buyer!”