ETHEREUM NFT MARKET IS EXPECTED TO BOOM IN 2021
New York, NY, March 09, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — SmartCard Advertising and marketing Programs Inc (OTC:SMKG):
What are Fungible and Non-Fungible Tokens? Within the digital world, gadgets/merchandise / companies may be offered, bought and owned by a number of people. In the case of Fungible tokens when it comes to items/companies/merchandise are being contracted with out a person specimen being specified. They’re replaceable by one other an identical merchandise, mutually interchangeable, and may be traded and their worth stays fixed.
Fungibility is the power of a very good or asset to be interchanged with different particular person items or belongings of the identical kind. Fungible belongings simplify the trade and commerce processes, as fungibility implies equal worth between the belongings. For instance: A Greenback may be traded or exchanged for the product or companies of its worth. On this case Greenback is well replaceable and exchangeable by anybody who needs to enter a commerce.
NFT or Non–Fungible Tokens however are cryptocurrency belongings on blockchain with distinctive identification codes and metadata that distinguish them from one another and can’t be traded or exchanged at equivalency. It represents a variety of distinctive gadgets, each bodily and digital like actual property or digital artwork. Possession of a Film ticket / Flight Ticket is an instance of Non-Fungible Token. Digital Artwork created by somebody is a Non-Fungible token, you possibly can create duplicate copies of this digital artwork, nonetheless, the proprietor will at all times stay the identical.
In immediately’s digital period, artists making a digital piece will not be benefitted as a lot for his or her creativity as they deserve for the reason that creativity can simply be duplicated / copied. NFT safeguards the curiosity of such people and ensures that the possession of the asset stays with the Artist and when it’s traded, the proprietor of the asset will get a ten% reduce of the art work. With NFT, people can create, license, personal, and management the distribution of their digital content material and earn cash on gross sales and royalties.
There are a number of choices out there that offers with Fungible Tokens and NFT. The selection appears tough when selecting the most suitable choice. We at Smartcard Advertising and marketing Programs Inc. (OTC:SMKG) like to focus on just a few key pointers which you want to remember whereas making a selection:
1. Straightforward ekyc & kyb onboarding of People / Companies
2. Authentication and verification of People / Companies
3. Creating Ethereum and Digital Wallets
4. Setting Good-Contracts Auctions
5. Commerce prepared
6. World Fee Rails
Smartcard Advertising and marketing Programs Inc. (OTC:SMKG) with its platform OriginatorX is a straightforward to make use of platform with a capability to underwrite, concern and commerce in each Fungible and Non-Fungible belongings. The platform permits you to set an Ethereum and Digital pockets to retailer your Crypto Foreign money securely and allows the NFT buying and selling. The Firm is happy with this providing as it’s mixed with their 16 proprietary platforms and is disrupting the trade.
Axepay – a digital cost rail, FX Buying and selling and digital pockets platform allows a person / Service provider / FI’s to commerce their Fungible and NFT tokens globally relaxed. With greater than 200+ international locations presence this turns into straightforward for a bigger viewers to take part which finally allows the corporate to entry treasury funds making it straightforward to ship or obtain funds.
With Granularchain – a permission based mostly digital onboarding and authentication platform additionally by SMKG – people, Retailers / FI’s can now simply onboard their purchasers, create distinctive digital ID keys and might guarantee authentication with Video eKYC, KYC & KYB. Granularchain permits people / Corporations to create services or products particular good contracts particular to their Fungible or NFT wants and begin buying and selling in lower than 5 minutes. Whereas with buying and selling, the added function allows FI’s to test the AML verification earlier than they cope with anybody guaranteeing easy and regular future development.
QR guru – a web based e-commerce platform for companies additionally a part of the SMKG suite, gives a digital product library which can be listed by people and corporations, and offered with the NFT phrases in place.
Whereas the NFT market tripled in 2020 to $250+ million, it’s only began to develop and is predicted to the long run
Stats and data hyperlink: What Is a Non-Fungible Token (NFT)? | CoinMarketCap
What Are Fungible Tokens?
Fungible tokens are tokens which might be tradable for one another, and their worth stays fixed. Within the above instance, Bitcoin is a fungible token as a result of it has the identical worth no matter its proprietor or historical past.
Traits of Non-Fungible Tokens
Uncommon – The worth of NFTs comes from their scarcity. Though NFT builders can create any quantity of non-fungible tokens, they typically restrict the tokens to extend rarity.
Indivisible– Though not set in stone, most non-fungible tokens are indivisible into smaller items. You both buy your entire quantity of, say, a digital artwork piece, or buy no artwork in any respect.
Distinctive– That is maybe probably the most important attribute of all of them. NFTs have a everlasting data tab that data their uniqueness. Consider this data as a certificates of authenticity.
The corporate CEO, Massimo Barone, acknowledged, “We’re very excited with the chance to collaborate and deploy our expertise portfolio by way of the trade verticals and the flexibleness these purposes supply mixed with the just lately added Teleconferencing phase with the three way partnership launch of JetWebinar now built-in, new alternatives to cater end-to-end channels with our Fee Functions and Digital Workforce options are accelerating.”
SmartCard Advertising and marketing Programs Inc (OTC:SMKG) is an trade chief in specialised trade e-commerce, cloud and mobility purposes to the worldwide PayTech and FinTech markets. SMKG is an entrepreneurial boutique expertise firm, offering enterprise intelligence and digital transformation methods with a proprietary portfolio of purposes and wireframes for banking, enterprises, retail e-wallets, digital id, blockchain, e-KYC, digital workforce, occasions administration, schooling, telemedicine and ride-booking industries. For more information go to www.smartcardmarketingsystems.com or go to our enterprise purposes market at www.Emphasispay.com.
We search a secure harbor.
CONTACT: Massimo Barone CEO
SmartCard Advertising and marketing Programs Inc.
OTC:SMKG Ph: 1-844-843-7296