NFTs (Non-fungible tokens) and Start-Up Visa
Have you ever invested in or researched NFTs (Non-fungible tokens)?
This is a type of digital asset that uses blockchain technology. Although it sounds similar to Bitcoin, it's used more in the arts. This code represents artwork, sporting goods, etc. It's a unique and highly valuable code. NFTs only emerged in 2017, but by 2021, the value of NFT assets worldwide was tens of billions of dollars.
"For example, when an artist sells a painting as an NFT, the buyer pays for it and becomes its owner. Others can still view the painting, but only the buyer has official ownership rights."
NFTs have limitless potential as they can exist in all kinds of digital objects: images, videos, audio, text, or even a Twitter post. NFTs can also be land plots in virtual world environments, digital clothing, or exclusive cryptocurrency wallet rights.
So what are the benefits of NFTs? Tokenizing assets can bring significant benefits to both sellers and buyers. Because NFT assets can be authenticated for authenticity and clear ownership, transactions become more transparent, especially with artwork where authenticity is crucial in determining value. Sellers can also protect their intellectual property rights and enjoy the fruits of their labor more fairly.
For example, in the world of gaming, if you buy items or characters as NFTs, you are the 100% exclusive owner of them; no one can infringe upon that right. Even the game publisher cannot delete your character or item.” ( Source )
-
In March 2021, the Twitter CEO's first Twitter post was Jack Dorsey It was sold for $2.9 million as an NFT ( Source )
-
Canadian musician Grimes, former girlfriend of Tesla billionaire Elon Musk, sold her NFT artwork for $6 million ( Source: [link ]).
-
Facebook has also started participating in NFTs ( Source )
-
McDonald's also has NFTs ( Source )
With the explosive growth of new technologies, it's naturally going to be welcomed in technologically advanced countries like Canada. Therefore, KeyApply has a Start-Up Visa project focusing on NFT technology, with a fresh approach. We invite you to register and participate.
