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Good morning PUBLISH0X community and welcome to a new article dedicated to the latest contest of this blog! Publish0x has given this new opportunity to us authors to try a new contest dedicated to
This contest couldn't have come at a better time than now! As many may have noticed, it is truly a period of remarkable growth for the NFT world. And today we're going to analyze this beautiful project called . A project that can make the difference into NFTs industry.
If you’re new into NFTs world, I want to shortly explain you what are NFTs and how they work.
NFT stands for Non-Fungible Token. Let's clarify right away the meaning of fungible and non-fungible. A Bitcoin, for example, is fungible because it can be replaced with another. NFTs, on the other hand, are unique pieces: that is, they cannot be replicated or replaced.
NFT means a way to uniquely, securely and unambiguously identify a digital product created on the internet. NFT can be any digital object: a video, a photo, a GIF, a text, an article, an audio... When a digital object is certified with an NFT it's as if the author's signature was on it, and nobody can say that it's not original or that there are other copies if not signed with an NFT. NFTs could not exist without the blockchain.
Nowadays, these tokens are considered a kind of evolution of the art world, in digital format. You may be wondering: why would a person buy a virtual good and spend so much money? What value does it have? A person who purchases a work linked to an NFT does not purchase the work in the strict sense. Rather, they are guaranteed the ability to claim a right to that work through a tool known as a smart contract, which is a computer protocol that facilitates and verifies the execution of a contract.
What about Jetcoin?
As soon as I saw the name of Jetcoin, it immediately brought back some memories. The problem is that I couldn't remember where I had seen this name before. Doing a little research on the project, I found the answer!
Jetcoin sponsored the soccer teams of my city: Verona (Italy). In fact, one year it sponsored AC Chievo Verona and the next year the other team of my city, Hellas Verona! In addition, a few months ago, a friend who worked in Chievo Verona team, had mentioned that some time before there was a sponsor related to the cryptocurrency world.
Jetcoin is a platform that connect talents and fans. Built on Ethereum Blockchain, our APP provides talents with the opportunity to develop their image level with the support of their fan base. Fans will receive JET rewards. They can use JET to redeem unique lifestyle experiences and social media participation from our talent pool.
This also creates a brand new marketing model for the brand to tap in. Jetcoin find and recruit emerging talents who may become superstars tomorrow. It also brings them closer to fans from their initial stage Journey to stardom-this means that the two parties share a more intimate relationship The relationship is better than they are otherwise. This relationship can play a key role in paving the way for Jetcoin Champions for brands that fans are willing and able to support
It's best to be relevant.
Jetcoin works in 3 simple steps:
- Jetcoin secures a percentage from the talents’ contracts may come from agents.
- In order to raise funds, Jetcoin issued JET tokens to buying for fans who want to benefit from the future success of promising talents.
- Jetcoin and partners jointly implement talent career planning, allowing fans to participate in meaningful activities.
Jetcoin also bring benefits for community and athletes like:
- By sharing a certain percentage of their future income, athletes turn every fan into a social media manager who can immediately share their success.
- Athletes get a social media measurement system that can be used to increase their value and obtain greater benefits and sustainable transactions with their sponsors.
- Having a larger fan base directly increases the sales of their products and creates untapped value.
For all those more curious people, I leave the link to their Whitepaper for further exploration: https://jetcoin.io/wp-content/uploads/2020/04/WhitePaperJetcoin-compressed.pdf
I'm glad to see new projects growing like Jetcoin all the time. I think the idea is very interesting. I have also recently invested in another NFTs platform related to valuing people and I think Jetcoin will also make waves especially in the sports world!
With each Publish0x contest we always learn about new projects. Thanks for giving space to them too and be able to enhance them.
What’s your opinion about Jetcoin and NFTs? Let me know in a comment below!
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