NFTs Non-Fungible Token(s)
NFTs, Non-Fungible Tokens have become the latest tool in monetizing art, digital files, or any digital asset - on the internet, online, digital space. NexGen can both; generate + integrate any set of your digital assets into an NFT for your market place, customers - via auction, e-commerce, or virtually any method by which the smart contract deploys the transaction. Retain transparency, control through your own eco-system for maximum benefit to you, your customers.
NexGen can 'white label' your website by designing, deploying, embedding your catalog of media, files and provide entire transactional loop for you, your customers.
We understand that the vast majority of market will use traditional means / methods for payment - NexGen Design will provide a turn-key, seamless solution for the transaction.
NexGen can also provide details as to how best maintain the digital quality of the file format - to mitigate, reduce 'digital decay' - preserving the unique file, content to it's optimal state, hence retaining the greatest value.
What are NFTs? Non Fungible Token - is an encrypted piece of any arbitrary data; Digital Art, Music, even scanned or digitized media content. This file is then 'tokenized' (mostly on the Ethereum ERC712 Token platform) - wrapped in a Blockchain Smart Contract to implement data transference, integrity and authentication. What makes a token a NFT - "Non-fungible” is the unique encryption and validation. This assures via the blockchain that this unique file can’t be replicated or replaced.
What is an NFT?
Non-Fungible Tokens or NFTs are a non-interchangeble commodity made possible by the Ethereum ERC-712 Protocol. NFTs are a piece of any arbitrary data, digital art, music, ECT. tokenized as an Ethereum(Could be any network) ERC712 Token that is attached to a Blockchain.
"Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus Wagner ( most valuable baseball card of all time)
NFTs primarily focus on Digital art but NFTs can really be anything digital such as drawings or music
NEXGEN can assist you in bringing your art to the forefront of the world's most accessible marketplace, the internet. When you sell your art as an NFT it would be the same as if you sold your art to a customer face-to-face except the customer will have the piece in the form of High-Resolution digital art to enjoy on their preferred medium. Your art can be sold on a variety of platforms including your site or the popular NFT marketplace, OpenSea. Once a piece is purchased, the sale is recorded on a Blockchain that serves as a ledger, and the metadata is linked forever. This means total transparency for your customers and ensures security from false duplication and provides a new form of authenticity, something that has yet to be soundly resolved until NFTs.