NFTs are tokens (non-fungible tokens) that can be used to represent ownership of unique items. NFTs let us tokenize things like art, collectibles, and even real estate. NFTs can only have one official owner at a time and are protected by the Ethereum blockchain - no one can modify ownership records or copy/paste new NFTs
Why is there such a project
Metadata is a project developed by decentralization combined with the cooperation of NFT creators. Due to the sharp increase of NFT creators and works, the competition in the NFT market is fierce. Metadata can effectively help creators improve the value of NFT and the popularity of collections to make them more popular. There is investment value.
Why do you need to store USDT in your wallet before you can participate?
The metadata platform stipulates that the balance of the wallet cannot be changed during the bidding period, that is, the account funds of the bidders cannot be lower than the frozen funds. Therefore, the stable currency USDT needs to be used to ensure the stability of the bidder's funds to avoid bidding failure. On the other hand, in order to prevent The bidder uses the same funds to transfer in multiple wallets to bid simultaneously for malicious arbitrage
Why money in a wallet can automatically generate income
Metadata can maximize the use of USDT to which investors’ wallets belong to help creators’ NFTs increase their popularity and value by participating in bidding. When investors’ funds choose to bid for NFT products with their own funds, the investment funds will be temporarily frozen (metadata has no right to do so). The USDT in the user's wallet is directly used. The USDT in the user's wallet is only used as the capital verification fund for bidding. The frozen funds are the amount of ETH automatically converted according to the user's USDT in the metadata. The metadata only needs to use the user's wallet address to participate in the bidding. It will not affect the financial security of the user's wallet), when the bidding ends, you can earn the income of the successful bidding displayed by the work.
The relationship between NFTs and the Metaverse
The emergence of NFT has realized the assetization of virtual items. It can map virtual items, turn virtual items into transaction entities, and capitalize virtual items. It can also map any data content on the chain through links, making NFT the data content. Asset entity, so as to realize the value transfer of data content. Through mapping, digital assets, game equipment, decoration, and land property rights have their transaction entities
Why pay ETH to become a premium member
Ordinary members need to pay the withdrawal fee every time they withdraw the income from successful bidding (the fee is determined according to the congestion of the network channel). Advanced members can exempt the withdrawal fee and the withdrawal time will be faster.
What features and functions does NFT have?
Features: NFTs are numerically unique, no two NFTs are the same
Every NFT must have an owner, this is a public record that can be easily verified by anyone, content creators can sell their work anywhere and have access to a global marketplace, creators can retain ownership of their work, And directly ask for resale royalties, i.e. get royalties on every transaction, not just the first time
The function of NFT: It can prove that the user himself is the owner of digital items and assets, without any third-party interference, nor under the control of the development platform.
Website：https://meta-data.top