NFT Will Make You Tons Of Cash. Here's How!

At Kyrrex, our quest for innovation and growth extends beyond cryptocurrency transactions. We understand the immense potential and transformative power of the gaming industry, meta universes, and NFTs within the dynamic crypto landscape.

For some time, we have been meticulously developing Cryptothlon, an intriguing game platform that harmoniously melds together elements of a metaverse and an online game. In this post, we're excited to delve deeper into this promising project and introduce our community to the numerous possibilities Cryptothlon brings to the gaming and crypto areas.

Dive into the Cryptothlon Arena

https://youtu.be/WKCd4WXappU

In Cryptothlon, the future of esports takes form in an action-crafted arena. Here, each participant will be able to customize their very own Crypto Athlete and Cyberjet, forging unique strategies before they step foot on the competitive scene. This is not just a game; it's an all-encompassing experience where players gain direct control over the development and progress of their digital Athletes, who are empowered with unique characteristics and abilities.

Navigating the Cryptothlon Universe: Token Integration

One of the groundbreaking features of Cryptothlon is its integration with NFTs and our proprietary KRRX token system. With these, player customization and rewards will reach new heights. Depending on the division, players will have the chance to participate in various tournaments and collect bonuses that directly influence the performance of their Athletes and Cyberjets. Furthermore, these rewards have a significant impact on the platform's economy, driving up the value and attractiveness of participation.

The Ecosystem of Cryptothlon

Cryptothlon is more than just a game; it's an ecosystem. From battling bots or facing off against fellow enthusiasts in multiplayer championships to earning from prize pools. Each player's experience is unique. The player's autonomy extends to Cyberjet part customization for maximum performance and the ability to trade equipment and modules on the market. These exciting features create an immersive, flexible environment where the potential for triumph and rewards is limitless.

More Surprises Ahead

Cryptothlon development is in progress. At Kyrrex, we are committed to consistently evolving in the gaming industry, and we have many surprises in store for our gaming enthusiasts, particularly within the metaverse.

With Cryptothlon, we are embarking on a new era of esports where every player has the power to own, compete, and develop. We will share more details on the project later this year. And don't forget to have your KRRX tokens ready so you can take full advantage of this captivating gaming universe.

NFTs (non-fungible tokens) are the new craze. From youngsters still in High School to practicing stock market profiteers, everybody is talking about NFTs. But why? Are they that big a deal? Are NFTs popular because of the earlier craze of blockchains and cryptocurrencies? Is there more to the story than you know? These are good questions. NFTs ought to have special characteristics to measure up to their popularity in today’s low-span-attention world. And they do.

Here are a handful of NFT attributes that set the token apart from the other elements of the blockchain enterprise.

1. Fungibility

Fungible currencies are designed to be swappable. This means that you can break the average numbered currency into units, and each of these units can be exchanged for the units of other numbered currencies.

Fungibility is why we have the global currency exchange market where specific units of the American Dollar, for example, can be reliably exchanged for certain units of the British Pound. So, currencies like these, as well as Bitcoin, are compatible and can be used—in the same or similar scenarios—to measure the value of an item. NFTs do not conform to this economic substructure.

2. Value Creation and Appraisal

Have you heard about Beeple?

A digital artist known as Beeple created an NFT, Everydays: The First 5000. The NFT consisted of 5,000 different images that were created every day between 2007 and 2021. And what did Beeple use this image for? He sold it. Beeple’s NFT went from $100 to around $1 million an hour after the auction began. You would think that you have crawled down the rabbit hole with Alice into a world of outlandish affairs. No. It is just that times have changed.

Beeple did not have to sit under an apple tree to realize the effects of gravity, nor did they play around with wires and electricity a thousand and one times before inventing the light bulb. The same is true for Jack Dorsey, the former CEO of Twitter who sold his first-ever tweet as an NFT. For $2.9 million. So, with NFTs, you can be creative without being in command of a 200+ IQ. You can be creative and useful—and consequently affluent—by using the things around you. In other words, the process of value creation has changed. The contemporary engines that determine that one innovation is valuable and another is not have been put out to pasture.

NFTs Can be Anything

Another reason NFTs have seemingly become a big deal everywhere is that they can be anything, and therein lies the charm. An NFT’s merit is not limited to its value creation alone, but the fact that it has the potential to ‘soak up’ everything. When the internet went commercial in the early ‘90s, the leading expectation was that its extensiveness and seeming boundlessness will change the paradigm of society, economy, environmental perception, and many more. While the internet revolution has done its bit, it still has some distance to go before really meeting this edge of expectation.

NFTs are sort of a polished evolutionary phase of the internet. Because they are tokens that exist on a decentralized blockchain, they can be redefined in terms of constitution so that they have transferable value. Put simply, as long as something can be digitized, that is, affixed to the internet or typified in electronic form, they can be NFTs. So, yes, the fact that you can ‘absorb’ anything and convert it into NFT of value is one of the bases for the recent craze over NFTs. It is a process that essentially capitalizes on the internet of value to assemble together an internet of value.

So, what can be converted into NFTs?

We have already broadened this characterization of NFTs to include ‘anything’ that can be digitized. The resulting NFT (in digital form) has to be visible, of course, as well as identifiable, storable, and transferable. A mundane specimen would be your birth certificate which you can upload online, convert to an NFT, and keep in your digital wallet.

You can do the same with anything else. As long as you can make them digital and somewhat unique, you can make them NFTs and let them fetch you a lot of money. In fact, whatever you are converting doesn’t even have to belong to you. This is the part where there is a principle of legality behind NFT conversion and valuation.

Even so, the principle is still largely loose and flexible at the moment. So, don’t go converting the ‘NYPD’ brand into NFTs and putting it up for sale. They will come after you. As will every other owner or official user of trademarked items. Thus, when we said anything earlier, we meant stuff like music, video, pictures, poems, paintings, video games, certificates, plants, animals, and more and more.

3. A Different Way of Doing Things

So, the original internet, per our earlier argument, was one of information. Value was built around information. Social connections were built around information. The entire economics of wealth creation and management was built around information. But this generated a new batch of problems. One, considering that information is the core reference for the internet revolution and utility, how can we verify the information on the internet? Two, how can we discourage the proliferation of false data?

This is how the blockchain revolution came up with its principle of networked integrity. This principle is characterized by data and value reliability. Essentially, honesty, consideration, accountability, and transparency are all coded into the blockchain. Ergo, these characteristics do not rely on the people using the blockchain, but on the blockchain’s protocols. So, NFTs are riding on this principle as well. This means that you don’t have to worry about folks that might cause you to pay multiple times for an item or service. The same goes for scams that take your money for nothing.

With smart contracts, you can rest easy with deals you make online. NFTs are the succeeding steps that compartmentalize these contracts and make them into Proof of Work, Proof of Activity, Proof of Stake, etc.

So, with NFTs, we might have found ourselves a way to restack the deck. And this is just its value for social or business interaction.

What about profit-making?

Well, the bulk of what is profit-making in the NFT market is what the public agrees to be worthwhile. This demonstrates the fact that the world has really become a village where public opinion is supposed to count. So, public opinion said that Dorsey’s first tweet ought to sell for approximately $400,000 short of $3 million. And it did. What does this mean for the average individual? New ways to make money! Easy ways to make money! Reliable ways to make money! So, with game-themed NFTs like Battle of Guardians and Sandbox, you can make a killing selling in-game assets from gear to real estate.

4. Sole Ownership Rights

One of the more interesting things about NFTs, as it is presently, is the sole ownership rights it bestows. When you buy an NFT, like the individual that purchased a 50-second video by Grimes for almost $400,000, you own it. This appears self-evident, doesn’t it? But it goes a bit deeper than the traditional acquisition and ownership of stuff.

Say that Leonardo da Vinci’s Mona Lisa is for sale and that you bought it. You own it, don’t you? There are bound to be copies of the artwork elsewhere, but you own the original. NFTs work pretty much the same way, like art collectibles.

When you purchase an NFT of rare digital artwork, for example, you become the owner of said artwork. Your neighbor may have saved a copy of it on their computer, but the entire world knows that you (who bought it for millions of dollars, most likely) are the original owner.

These rights that NFTs bestow are beyond the conventional bragging rights. They allow you to set the price on the NFT you bought whenever you want. So, your neighbor cannot sell that NFT, even if they have a perfectly identical copy. Only you can.

Popular American YouTuber and social media VIP, Logan Paul, put up 15-second clips of an old YouTube video for sale. He wanted $20,000 for it. Several GIFs came out of that deal, with some selling for $3,600. Well, someone bought one of these and after a little while wanted to sell it off at $16,300. So, even though you can download this particular image online, you cannot sell it as the original buyer wants to.

So, NFTs grant you the power of sole ownership, with the added benefits of long-term investments. However, the value of whatever NFT you purchased and now own is decided by the public.

5. Shared Minting Power

Lastly, NFTs don’t fall from the sky or grow on trees. You can mint them. Moreover, because they are similar to currencies (even though they are not), the fact that NFTs can be minted by anyone and everyone gives them a certain charm. Thus, they are attractive and consequently trendy.

So, what do you need to mint or make an NFT?

You need whatever file you want to convert into an NFT. First, convert it into a generally accessible format like GIF or JPG. Next, get a blockchain wallet. This would hold the NFT and whatever other token you purchase or peddle. Next, you register with a dedicated NFT marketplace (a platform that was specially designed to convert file formats to digital assets). There are lots of these, with the most popular being Rarible, OpenSea and NiftyGateway.

And if you are only interested in buying NFTs rather than minting them, these dedicated marketplaces are your best bet. Do it well and you could make several millions of dollars after one deal. And that is why NFTs are the new best thing. In one way, they can make you very rich before you can say en ef…!!!

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Non-fungible tokens (NFTs) are the newest instrument for maximizing the novel aspects of blockchain technology and its business applications. The many characteristics of these elements of decentralized transactions suggest that it is reliable, impartial, and likely to propel you to wealth extraordinaire.

Now, while NFT-based projects are generally precious beyond measure, there are more than enough of them to go around. This is especially so for 2022, a year that we are all expecting to be markedly better than its predecessor.

So, we want to present you with something of a solid alibi for clocking your first million, first tens of millions, if hundreds of millions. Not to mention, you might even make a billion dollars if you smartly pit your investment in the following projects against the uncertainties of the new year.

Top NFT projects to invest in today:

1- Art Blocks

One can argue that the value of art has gone up several hundred steps since NFTs became a thing. This is one of the advantages of Art Blocks, a collection of artworks from/by different artists to leverage their skills and popularity. Compared to its peers, Art Blocks is a generative art NFT, so you can easily build a fortune without a rigid grasp of NFT technicalities.

The mega project is backed by the Ethereum blockchain, so you can say that it has an exclusive home advantage. Moreover, because the artworks are in 2D and 3D, there is a lot of latitude for innovation and progress. This is one of the biggest pros for prospective investors who consider themselves promising digital artists. Art Blocks were introduced into the picture in 2020. Since then, sales on the NFT have ballooned beyond $1 million. To be precise, the number of artworks that have been sold for more than $1 million is almost 50.

Meanwhile, Art Blocks is one NFT project that is expected to stay on the high trend with increasingly reliable—if long-term—valuation. So, this is something for the long haul, not an NFT project for the faint of heart.

2- CryptoPunks

CryptoPunks is in a class of its own among NFT projects. The reason for its reputation is not unrelated to the fact that it has been around since 2017 and has become a favorite among many visionary NFT investors. But this does not mean that the value of the project will take a plunge anytime soon.

CryptoPunks was also launched on Ethereum, so it has been running on the blockchain’s momentum. If you know anything about NFTs, you know that their popularity—and subsequent valuation by the public—forms the basis for half its power. The other half is formed by the original blockchain that thrust it to fame. At its core, CryptoPunks is characterized by 10,000 virtual punk characters. In other words, this number of punk characters is fixed and was computer-generated. Each of them is unique, with distinguishing characteristics. This is why all 10,000 are ideal collectible items that you should invest in. We say this because someone made a killing when they sold their CryptoPunk for approximately $532 million (the equivalent of 124,457.07 ETH).

CryptoPunks was one of the top NFT projects that won the attention of NFT whizzes and newbies in 2021. Considering how optimistic these folks remain about it, you can be sure that the project will remain on top throughout 2022.

3- Axie Infinity

Besides the fact that NFTs are permanent and allow you to leverage the benefits of digital ownership, practically anyone can participate. NFT projects are not only for digital artists and content creators but also for buffs of more relaxed pursuits. Like gamers. This is where a project like Axie Infinity is the bomb.

Axie Infinity is a favorite among online gamers because they can get their hands on the token while they play the trendy game. In other words, you wouldn’t need to go through a crash course on YouTube to learn how to make an NFT. You can simply thrive where others are still ‘cracking the code’ by doing something enjoyable—playing a game.

You see, compared to other NFT-based projects, Axie Infinity is easy to mine. Any gamer can make good money from investing time and effort in their game sessions. Thus, you can collect a treasure chest of the Axie Infinity Shards (AXS), the primary token, and trade them for other cryptocurrency tokens, among the many other things you can use AXS for. Think about it: if you can trade tokens that cost around $75, and you can get these tokens from essentially managing virtual creatures, what are you waiting for?