The NFT Utilities That Fuel FOMO Chronicles
NFTs and Their Underlying Components
What exactly are Non-Fungible Tokens (NFTs)? They are widely traded and utilized within the crypto-industry, but what is their underlying purpose? Put simply; an NFT is an asset that is one of a kind; one that cannot be replicated or destroyed. This asset contains metadata, which could represent an image associated with it or some additional functionalities that are tethered to the NFT.
Both components of this metadata are critical for the success of an NFT because, just as people invest in artistry that provides exclusivity and uniqueness, a large part of the investing world is now looking to NFTs for the 21st century equivalent to art collecting.
However, the saturation of NFTs within the marketplace has never been more serious. With saturation, competition skyrockets, and the overall potential to have your NFTs propagate across the community decreases. That is why you need exclusivity and ingenuity on how you want your NFT to be presented to the public, and be confident on what problem it is meant to solve.
Part of Our Solution: Tier 1 Education
We at FOMO Chronicles have found our mission, and a significant part of it relates to problems that are only getting worse with an ever-growing number of newcomers in the crypto-industry; bad projects with ill-intention and elaborate schemes to scam unknowing investors.
To best understand our theory behind building up investor’s internal versus external security measures to enhance crypto-scam awareness, the specifics of our gamified educational NFT lines, and our efforts to become interoperable with many other companies to allow exposure of our content under time-sensitive situations, please refer to our first article here.
Can You Make Money Within This Ecosystem?
Let’s dig into exactly how someone makes DeFi-level profit margins by holding, utilizing, staking, or simply trading our NFTs across our bustling marketplace!
Airdropping Profits Regularly for Our Community
First, when a community member purchases a Manga NFT from any of our unique FOMO Chronicles series, that NFT will contain a unique line of passive earnings tethered to it. A regular amount of $OTAKU tokens will be airdropped to the NFT holder, so as to provide a series of actionable displays of appreciation from us to the NFT holder. These signs of appreciation are for our community members ensuring that, by holding these NFTs, they are ensuring its existence and, therefore, its ability to educate others who need it most!
Second, when we regularly undergo snapshots of our ecosystem, so as to understand the various metrics that are needed to best operate a network of this capacity, we will send out an additional airdrop to our NFT holders. Put simply, when we at FOMO Chronicles benefit from any appreciable action within our network, our entire community benefits equally!
Network Validation Means Influx of Appreciation
Third, not only can you trade your NFT Mangas, but for those who love to HODL, we’ve got you covered on profitability avenues without needing to sell your precious collection! By staking your Manga NFT and thereby supporting our network through validating our internal system, there are large profit margins to be collected over time!
Profit-Sharing with Every NFT Trade
Fourth, for every NFT purchase, a portion of our native token, $OTAKU, is bought back by the FOMO Chronicles team, with a percentage burned through our smart contract, while the remainder is to be distributed amongst our most loyal token holders in $BNB. Put simply, every time we as a company generate revenue, it will be shared with our community of token holders.!
Exclusive Upgrades when Joining Forces with Our Ecosystem
Fifth and final; We have already begun minting NFTs made specifically to symbolize a partnership, which will contain exclusive utility on the partner’s network, so as to provide unique benefits by collaborating with the FOMO Chronicles ecosystem!
Conclusion
What an exciting time in the history of education. Never before have we been able to provide high-quality information to the masses, and by doing so, allow an entire community to profit handsomely! We are honored to have such a committed community by our side and are ecstatic to soon release our product line out to the masses. Everyone needs a reliable source to learn about top-quality projects while collectively joining the battle against the crypto-hackers that plague our ecosystem! To learn more about our underlying technology, check out our litepaper on our website.
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