WHAT ARE NFTs
Non Fungible Tokens, or NFTs, are a specific application of the blockchain technology. The aim of this blockchain branch is to shape a new form of digital collectible goods, 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 NFTs is non-fungible, so it’s a one-of-a-kind virtual item. Like an art painting in real life. Each transaction where NFTs are minted or traded appears on a public ledger, like it would happen for any other cryptocurrency.
WHERE TO TRADE NFTs
Depending on the underlying blockchain, NFTs appear on different platforms. One of the most common blockchain for NFTs is called Ethereum. And one of its most popular platform to buy or sell NFTs for ETH is called opensea.io. 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 platforms to trade NFT are called Rarible and NiftGateway. If we take a glance at different blockchains, like Solana or Binance smart chain, they have their own NFT platforms, in the case of Solana it is 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 image files can be easily replicated, their univocal intellectual property cannot. Musicians for example can distribute their songs as NFTs, granting each buyer the knowledge that he/she is supporting 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 favourite teams.
Digital goods inside videogames, like esthetic clothing to customise the playing character, is being minted as NFTs inside specific videogames called “cryptogames”.
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 are not limited by physical distance and borders. However they lay their boundaries in language and localization. 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, oftentimes needing minor adaptions to meet cultural differences.
We offer assistance to translate, localise and position your project website. As well as any mobile or video linked to NFTs-related themes like blockchain technologies, patent translations, trading exchanges, ledger and crypto wallets. Within this operation we’ll make sure to end up with a content that is fully understable 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 a strong and vibrant community across 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.
Legal documents seek to provide proof of digital ownership without needing to rely on legal documentation. However, a recently 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.
A new species of illuminati that inhabits the millennial era. 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 as a pawn to vote for how the story should unfold.
Unlike graphics, novels need to be translated 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 when we can close the race.
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.