NFTs, or non-fungible tokens, are redefining the cryptocurrency market by giving consumers a new means of owning and exchanging distinctive digital assets. They are distinct from conventional cryptocurrencies, as they can represent a wide range of digital assets, from artwork and collectibles to virtual real estate and in-game item ownership.
Within this industry, a platform that is set to disrupt the crypto industry is SmarterWorx. It has built a blockchain-based platform that enables users to trade and own digital assets and provides them with a way to earn passive income through staking. In addition, the platform aims to create a new paradigm in which users can get exclusive access to blue-chip NFTs.
Understanding SmarterWorks
SmarterWorx is a DeFi platform that provides users with a way to invest in promising arts and NFTs. The platform aims to regularly reward users who believe in the platform through attractive yields for staking and a royalty fee from all the NFTs sold.
The network has a built-in treasury fund in place to acquire and support undervalued art and NFTs. Once the art is acquired and sold, 50% of the profit and the value at which the art was bought will be put back into the treasury. The ARTX token will be issued and traded on decentralized exchanges, with a portion of the total supply burnt every time an asset is sold from the SmarterWorx portfolio.
Another critical aspect of the SmarterWorx platform is that any piece of art a user holds can be traded on any NFT platform worldwide. This way, users can quickly transfer their NFTs from one platform to another. As a result, the platform has attracted immense attention on Twitter and Reddit, with users expressing their excitement over the project and its goals.
What is Sandbox (SAND)?
The Sandbox is a decentralized gaming platform allowing players to create, share, and monetize their gaming experiences. It is built on the Ethereum blockchain and uses non-fungible tokens (NFTs) to represent in-game assets, such as characters, items, and landscapes. The Sandbox uses a unique governance system that allows players to earn and stake the platform’s native token, SAND, to participate in decision-making and governance within the platform.
What Is Axie Infinity? The Play-to-Earn NFT Game
Axie Infinity is a decentralized gaming platform that allows players to collect, breed, and battle fantasy creatures known as Axies. It is built on the Ethereum blockchain and uses non-fungible tokens (NFTs) to represent each unique Axie. Players can earn the platform’s native token, SLP, by participating in various activities within the game, such as playing the game in battle or adventure mode. Axie Infinity is designed to provide players with a fun and engaging gaming experience and create new revenue streams for game creators.
Key Takeaways
In conclusion, the world of art and NFT investments is about to change with the arrival of SmarterWorx. In a broad view, it is a decentralized platform that allows users to create and monetize their own content. However, what sets SmarterWorx apart is its focus on art and unique approach to backing its native token, ARTX, with a growing art portfolio. This innovative approach has the potential to revolutionize the world of art and NFT investments, making ARTX a strong contender to become the next Sandbox or Axie Infinity.
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