In reference to the perceptions circling the media sphere that there is a company called Sidicoin that from all checks has not been registered at the registrar general’s office; that perception is false.
Nonfungible tokens (NFTs) are intellectual properties that are sold in online marketplaces, some of the marketplaces are OpenSea and Solana. There is no company called Sidicoin in Ghana. However, there is a Non Fungible Token(NFT) called Sidicoinclub; this NFT token is represented by tiger images that are unique and have value to its buyers.
The NFT is also backed by real gold; so anyone who buys the NFT token also gets a gold chain of 25g and a 3% royalty paid monthly for one year. Like any NFT collection, there is a business project behind it; owners of the NFT use the funds generated from sales to invest in their business and then reward the buyers or holders of the NFT with royalties. A typical example is the Boredape NFT and GaryVee.
Who can sell NFTs and where can you sell them?
NFTs became popular when an artist called Beeple sold his portrait artwork for $69 million two years ago; hitherto, other creators have been attracted to the NFT craze.
Because NFTs are digital assets, they are sold in digital marketplaces like OpenSea which is the largest marketplace for NFTs. As of 2021, there are over 360,000 NFT owners globally. These owners span from these industries: Art, audio, video, collectibles, sport, music, photography, utility, virtual worlds, trading cards, and domain names. As a content creator within the above-listed industries, you can sell your intellectual property as an NFT to a global market to raise funds to support your project.
This is what the famous pallbearers did a couple of days ago to raise $1 million from their viral video.
Why Stonebwoy got involved:
The music legend in the spirit of discovering something of value to his industry and thus the need to share the good news with his colleagues and fans were obviously misunderstood by the public who have little or no understanding of NFTs. Artists, in particular, can sell their songs as NFTs on the OpenSea marketplace and attract global Investors.
Stonebwoy wishes that his followers will learn about NFTs and take advantage of the possibilities to promote their brand to a global audience of NFT collectors. In the USA, Snoop Dogg, a popular rapper is a chief advocate and enthusiast of NFT. Snoop Dogg sold his Death roll artwork for $300,000. Snoop hit the NFT jackpot in 2022 when he sold over $44 million worth of ‘Stash Box’ NFTs for his new album B.O.D.R in under a week, after releasing 10,000 of the limited edition NFTs via the Gala Music platform.
What’s the future of NFT?
In recent times, Facebook owners announced the change in name to Metaverse; this wasn’t a coincidence as it linked to Blockchain technology and NFT. The metaverse is a digital world where users can sell or buy digital assets and also have fun. Brands such as Hyundai, Nike, Gucci, coca-cola, and Microsoft all have shops in the metaverse where they sell digital assets by way of cryptocurrency and NFTs.
Conclusion: facts about Sidicoinclub
Sidicoinclub is not a company but a digital asset sold on OpenSea. Sidicoinclub is a project that rewards buyers and NFT holders with royalties and a physical gold asset. Sidicoinclub is not a scam or Ponzi but has a unique selling proposition in this new world technology.
It is our hope that people will come to realize the profitability in NFTs to content creators.
Reading this far means you’re interested in learning more about this technological innovation. Don’t be ignorant about what people say; seek knowledge and ye shall find.
Source: Ghana Web
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