WHAT ARE NFTs
Non Fungible Tokens, or NFTs, are a specific application of the blockchain technology. This branch of blockchain technology aims to create new digital collectible assets, that can be exchanged, monetized, sold or bought, while preserving their uniqueness at the same time.
If you know what a Bitcoin is, you also know that each Bitcoin is equal to the other. Well, that’s not the case for NFTs. Each NFT is non-fungible, so it’s a one-of-a-kind virtual item. Similar to a physical work of art in the real world. Like any other cryptocurrency, each transaction involving the minting or trading of NFTs appears on a public ledger.
WHERE TO TRADE NFTs
Depending on the underlying blockchain, NFTs appear on different platforms. One of the most common blockchain for NFTs is Ethereum. And one of the most popular marketplaces to buy or sell NFTs on Ethereum is OpenSea. In order to own NFTs on Ethereum, you need to own an Ethereum wallet, like MetaMask. It looks like a browser extension that keeps track of your currencies and NFTs.
Other major NFT marketplaces include Rarible and NiftGateway. If we take a look at different blockchains like Solana and Binance Smart Chain, we’ll see that they have their own NFT platforms. In the case of Solana, it’s called SolSea.io.
NFTs APPLICATIONS
Converting an image into an NFT and selling it as a collectible work of art is a renowned application of this technology.
While digital files can be copied easily, blockchain technology helps establish verifiable ownership and authenticity. Musicians for example can distribute their songs as NFTs, allowing buyers to directly support the artist, while at the same time owning a unique collectible.
Digital sport merchandise is another common example of NFTs application, allowing fans to support their favorite teams.
Digital goods inside video games, such as cosmetic items to customize the playing character, exist as non-fungible tokens (NFTs) inside specific video games called blockchain-based games.
And the list goes on and on. The sky is the limit, as NFTs are a versatile and simple concept, not so different from a real-life collectible, after all.
LOCALIZATION FOR NFTs
The magic of digital assets is that they transcend physical distance and borders. However, language and localization still represent important barriers. Building a multilingual website and outsourcing NFT translations can be a start to reach an international audience for your NFT project.
Each blockchain by its own nature, aims to be completely decentralized. This means that each service that runs on it will be available worldwide, often requiring adaptation to meet cultural differences.
We offer support with the translation, localization, and positioning of your NFT or blockchain project. We also localize apps, videos, websites, and content related to blockchain technologies, crypto exchanges, wallets, and digital assets. Within this operation we’ll make sure to end up with a content that is fully understandable by the natives and that reflects their local habits and culture.
OTHER STRATEGIES
The most important part of any NFT project is its social media campaign. Building an active community across X (Twitter), Telegram, and Discord is a crucial pillar of any NFT social media campaign. It’s very important to translate content correctly in order to bring the value into different territories.
NFTs introduced new discussions around digital ownership, licensing, and copyright. A hotly debated aspect of NFTs that cross into legal territory is copyright – the right to reproduce the image of the NFT one owns. Translating legal documents concerning your project is also an important aspect, and our experts will do their best to assist.
METAVERSE NOVELS: TRANSLATIONS BECOME ART
Cunning and smarts, creative but also very practical. These are some of the adjectives that define crypto-artists.
NFT creators often combine creativity, technology, branding, and community-building in highly innovative ways. While painters and designers are converting their drawings and creations into unique non-fungible tokens, musicians and writers are fighting back with songs and novels.
Interactive novels are a new kind of stories where readers can get branded NFTs and use them to influence how the story unfolds.
Unlike graphics, novels require translation in order to be enjoyed around the globe. And that’s where NFT translations become art, that will eventually stay encapsulated inside the blockchain and affect the perceived quality of a brand.
For a good render of your metaverse story, you’ll need translators that can keep up the pace with the crypto space, and that’s where specialized NFT localization can make a real difference.
Nicola defines himself as a “techno king”. Like Elon Musk says, bios and titles don’t matter that much. What really matters is passion for revolutionary technology that can change the world, like blockchain, internet, cyber security, finance, SEO and a lot more. Nicola loves exploring and engaging the reader in his discovery journey.