FAQ
Why choosing NFT's for this project?
We are currently living the biggest technological revolution we ever seen. The world is changing right now and we don't want to be left behind. NFTs have unlimited potential and it's up to us to defined how we will use it in the future.Orphans and other children without biological families
WNFT stands for Non-fungible token. “Non-fungible” more or less means that it’s unique and can’t be replaced with something else. Imagine a painting: there is only one physical object. Digital “things” can’t have the same kind of uniqueness, because every version of a jpg is the same, there is no “original”. So NFT is a technology to create a kind of certificate of uniqueness that is tied to any object, image, sound or anything really. It’s like a notarized ownership certificate for whatever you want. Is it like BitCoin?
A bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. How much do NFTs cost?
Each NFT is unique, so they all have different values. Like with any asset, its price is determined by demand and supply.Since there is only one of each NFT, the scarcity, combined with the trend towards digital collectibles, is resulting in some of them being sold for a lot of money.For example, an NFT for a picture of a cat was sold by Paris Hilton for around $17,000. The most expensive NFT so far is a piece of digital art sold for over sixty nine million dollars.How are NFTs created?
If you want to create an NFT, you have to first choose a specific blockchain technology, and upload your content to that blockchain… or ask Mister Jey to do it for you.Then, you select the NFT marketplace to list your NFT on, since NFTs can only be bought and sold on specialized NFT marketplaces.You can even add a royalty or commission to your NFT, which would result in a payment to you every time your NFT changes hands.How are NFTs bought & sold?
In order to buy or sell an NFT, you need a digital wallet specific to that marketplace, which needs to be loaded with the cryptocurrency accepted at that marketplace. But, then again, Mister Jey got you covered. He will do it and send you the profit directly to your bank account.