TABLE OF CONTENTS
- WHAT IS A NFT?
- ALL ABOUT THE METAVERSE
- RELATIONSHIP BETWEEN NFT, METAVERSE, AND DEFI
- WHO WE ARE?
- VISION AND MISSION OF OUR NFT PROJECT
WHAT IS NFT?
Non-fungible tokens or nfts are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions. Like physical money, cryptocurrencies are fungible i.e., they can be traded or exchanged, one for another. For example, one Bitcoin is always equal in value to another Bitcoin. Similarly, a single unit of Ether is always equal to another unit. This fungibility characteristic makes cryptocurrencies suitable for use as a secure medium of transaction in the digital economy.
IMPORTANT OF NFT
Non-fungible tokens are an evolution over the relatively simple concept of cryptocurrencies. Modern finance systems consist of sophisticated trading and loan systems for different asset types, ranging from real estate to lending contracts to artwork. By enabling digital representations of physical assets, nfts are a step forward in the reinvention of this infrastructure.
WHAT YOU NEED TO KNOW
- Nfts are unique cryptographic tokens that exist on a blockchain and cannot be replicated
- Nfts can be used to represent real-world items like artwork and real-estate
- “Tokenizing” these real-world tangible assets allows them to be bought, sold, and traded more efficiently while reducing the probability of fraud.
- Nfts can also be used to represent individuals’ identities, property rights, and more.
MARKET CAP OF NFTs MARKET
The bank raised its NFT market-cap forecast to more than $35 billion for 2022 and to over $80 billion for 2025, analysts led by Stephanie Wissink wrote in the report published Tuesday. The bank notes that companies and celebrities are buying plots of virtual “land” in The Sandbox and Decentralize and allowing them to digitally market, raise awareness and extend their brands. In November, there was a rush into digital real estate purchases, for which NFTs are the “digital building blocks,” the note says. Jefferies views digital assets as an emerging technology, and recommends that clients build a basket of investment exposure across video game, toy and game, and social media companies. For consumer exposure, the bank mentions: Hasbro, Mattel, Funko and GameStop. For metaverse exposure, they include: Meta, Snap, Activision Blizzard, Electronic Arts, Take-Two Interactive Software, Warner Music Group, Universal Music Group and Roblox. Jefferies says that while the Ethereum blockchain is still the most popular choice for minting NFTs and building so-called metaverses, the network’s high gas, or transaction, fees have pushed brands to consider alternative networks.
MEATVERSE WITH MARKET CAP
The Metaverse is a digital universe that moves beyond the internet we know today. This vision for the future state of the web has the potential to transform our social interactions, business dealings, and the internet economy at large.
The Metaverse is still taking shape, but Web 3.0 open virtual world crypto networks are offering a glimpse of what the future of the internet may hold. The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth $15 trillion in market value today.
THE RELATIONSHIP BETWEEN METAVERSE, NFT, DEFI
The Metaverse is supposed to be a fully immersive space of virtual reality. Virtual avatars will traverse through this digital environment in a more participatory way. It’ll help users socialize beyond sharing images and documents. From pre-screening real estate property by examining them in virtual reality to buying homes through tokens, the Metaverse allows it all. Metaverse tokens, including MANA, GALA, and more, are rising in popularity due to their uses. These tokens are transactional entities that can be used to trade in virtual marketplaces in the Metaverse environment. NFT or Non-Fungible Tokens are not just about selling and buying digital artwork. They have a widespread set of real-world use cases as fashion brands and corporate companies are beginning to promote themselves by distributing their nfts.
Nfts are the way to trade all of these items while retaining the original authorship of the product. Nfts have given gaming platforms a new lease of life as players have started to “play to earn”. Today, games can help users earn nfts that can be traded on marketplaces for higher prices. Nfts overlap with Metaverse in their use cases.
Gaming assets in the Metaverse case be traded as nfts with the help of Metaverse coins. In order to use the Metaverse coins or tokens, you’ll first have to buy them. You can do it by going through a loop of fiat currencies and bank intermediaries. But that’ll spoil the whole point of a decentralized trading mechanism. That’s when decentralized finance or defi comes to play. Through defi networks, you can easily buy or sell your Metaverse tokens using smart contracts, P2P transactions, and more.
ABOUT SABLOCKCHAIN (WHO WE ARE)
South Africa Blockchain was founded in 2018 in South Africa & is a registered business entity in the Republic of South Africa by the Companies &Intellectual Property Commission (CIPC) (www.cpc.co.za). SABC is a proud member of the International Decentralized Association of Cryptocurrency & Blockchain (IDACB). (www.idacb.com). The core aim of SABC is to empower the masses, especially in Africa, among many other exciting projects, about the blockchain, NFTS & cryptocurrency.
Our motto is crystal clear: Education = Adoption = utility.
We are proud to launch our very first NFT collection, consisting of 11, 222 unique bad panther club collection and only 111 super rare pink panthers, living on the polygon blockchain. Take a look at our exciting roadmap to peruse our short-term goals and have a peak at our whitepaper to see our long-term goals! We will be launching our very own token which will be utilized in the metaverse we create and holders will get free drops of crypto, creating adoption & utility.
VISION AND MISSION OF OUR NFT (SABLOCKCHAIN)
The idea of an alternative digital universe is not new at all, having been conceptualized in the past by developers for implementation in games and on some websites. However, there has been a boom in the digital-asset craze fueled by nfts. In turn, it is boosting digital products and platforms dealing with them. Some of these platforms have gone a step further into virtual reality to showcase the nfts to the extent that they mimic reality. As the world shifts online, folks want to create and provide insight into their NFT products uniquely.
We are proud to launch our very first NFT collection, consisting of 11, 111 unique bad panther club collection, living on the polygon blockchain. Take a look at our exciting roadmap to peruse our short-term goals and have a peak at our whitepaper to see our long-term goals! We will be launching our very own token which will be utilized in the metaverse we create and holders will get free drops of crypto, creating adoption & utility.
We in the game for the long run! Giveaways (via Chain-link VRF), on-going charity, exclusive content, exclusive networking, private events around the world, the development of blockchain technology for retailers & wholesalers in the groceries, pharmaceutical, agriculture & manufacturing industry, development of our very own wallet to store NFTS and trade our crypto coin, integration of metaverse e commerce for online stores to showcase their products in our metaverse, metaverse development, real estate development & management in the metaverse & free tokens + NFT drops to holders! Kindly refer to our WHITEPAPER for a detailed understanding of our goals.
Some of our mission and visions are listed below.
- Education – POWERED BY NFTS
SABC aims to provide Africa and the world at large with world class education on the blockchain, NFTS & cryptocurrency. We intend to create FREE content by our own employees on various subjects regarding the blockchain. Courses will include videos, notes and All courses will be accredited by the SABC, and all participants will receive certificates which will be recognized by other educational institutes. We will begin a mass roll out in Africa by physically sending our teams to schools and universities, offering our courses. for FREE! Those who take courses will be air dropped cryptocurrency of our SABC coin.
- Blockchain Development
SABC aim to develop multiple blockchain technology which empowers industries such the retail and wholesale. Servicing wholesalers for stock control, point of sale services – allowing a customer’s receipt to act as an NFT, the pharmaceutical industry to record & dispense medical supplies, the agricultural industry in livestock control, output and recording of crops.
- SABC Wallet
The SABC wallet will be a unique wallet from other traditional crypto wallets. Our wallet will serve many functions and create HUGE UTITLY. Storing any NFT, showcasing of NFTS in a gallery, exchanging and storing SABC crypto and other mainstream cryptocurrency. WE aim to be the first crypto wallet with a tap-to-pay feature. Members of SABC will receive a physical steel plated card for transactions.
- E-commerce metaverse land/real estate management in the metaverse
SABC aims to develop a metaverse specifically for e commerce platforms. Helping small businesses grow their brand, by renting land in our e-commerce metaverse which will initially be sold in plots as NFTS, wherein the holders will receive rental from potential vendors. We like to call this a “pop-up metaverse”. Similar to the concept of a flee market or a bazaar, only this time from the comfort of your home, in virtual reality, allowing vendors and nft holders the opportunity to make a good income. We will also handle the letting of these plots on behalf of holder and will pay the rental due to them in our own cryptocurrency, the SABC coin. This will be the birth of SABC MetaProp.
- SABC COIN
The ico for the SABC coin will definitely be very exciting. Total supply is yet to be determined, but all holders of any of SABC NFTS, will receive a free drop of xxx amount of SABC coin. The coin will be used in: our education project, where individuals who complete courses will be rewarded with cryptocurrency, the use of the coin in the general economy when we provide blockchain solutions to the retail and wholesale sectors, the constant trading and usage of coin in our very own SABC wallet & finally will be used to buy, sell or rent in our real estate MetaProp.
We believe in FEEDING – as inspired by the great saint – JILANI – “if I had all the treasures of the world, I would spend it on feeding the hungry”. 11% Proceeds from our NFT sales will be given to feeding schemes & 1% of royalties – on going charity in South Africa, Zambia, Iraq and to other Africa country also, to other continent.