NEW YORK, NY / ACCESSWIRE / April 15, 2022 / In the last few years, NFTs – non-fungible tokens – have been gaining traction as an investment asset.
In contrast with blockchain-based cryptocurrencies, whose units are interchangeable for one another-e.g. a bitcoin can be exchanged for ethereum or any other crypto-NFTs cannot be exchanged, which makes them ‘non-fungible’.
Each NFT is one-of-a-kind and has a unique underlying asset, e.g. a digital file representing art or any other creative form. NFT buyers are akin to art collectors as owning an NFT in many cases is similar to owning a work of art, which is as unique and holds value and appreciates with time.
However, not every NFT has value or the potential to appreciate with time. To discern which NFT out of thousands being created is a worthwhile investment and which are just scams is becoming increasingly important.
One visionary company, Watchers NFT, has made it its mission to explain and shed light on the NFT domain, protect newcomers and overly enthusiastic neophytes from crooks and scams. While advocating for what makes the NFT industry so disrupting and appealing, mainly its peer-to-peer power, transparency, and privacy, the Watchers have taken upon themselves the noble mission of making the NFT space more transparent. Many Ponzi schemes would have been prevented if a similar organization had existed at the time when they flourished.
Thanks to Luis Labrador’s, Art Director, and Shaarif Nazir’s, Head Artist, artistic talent, the Watchers NFT project represents a lucky combination of aesthetic designs with an ethical objective. The 5-time Oscar winner and 3D concept artist have produced an attractive set of characters resembling superheroes that will appeal to people of all demographics.
The Watchers NFT project’s timing is perfect for taking a unique position in the skyrocketing industry as NFTs have been spreading like a tsunami, engulfing both the professional and amateur investment community across the globe. According to Bloomberg reports, the industry reached $40 billion in 2021 in transaction value and is projected to hit approximately $80 billion in net sales by 2025 and $350 billion in net sales by 2030. The roadmap that Watchers NFT have to offer is one of the most exciting as it anticipates the incorporation of a DAO, a decentralized autonomous organization, but with a few distinctions.
DAOs are internet-based businesses that are owned and managed collectively; they don’t have CEOs or CFOs and all business processes are controlled and verified by a code. Business decisions in such an organization are governed by proposals and voting of its members. Hence, the level of trust DAOs ensure is unrivaled.
While giving its community members a platform to have a say in the future of the whole project and its investments, the Watchers’ version of DAO allows Watchers NFT owners to own a % of the DAO. By doing this holders will be able to claim their % every six months or so. Further, in contrast with other DAOs, the Watchers DAO will also invest in non-blockchain companies on top of investing in new blue-chip NFT projects thus helping create strategic partnerships within and outside the Web 3.0 ecosystem.
The roadmap envisions more far-reaching and disruptive plans. With the development of Web 3.0, the Watchers NFT leadership team sees a chance to create the next sizable social media platform. The peer-to-peer nature of Web 3.0 made it possible for the Watchers’ team of like-minded individuals to meet each other through Twitter, Instagram, and Discord, so the new project’s aim is to create a new platform based on the principles of collaborations and innovations.
The new platform will mainly revolve around NFT’s and crypto but more Web 3 features will be added in the process. This platform will not only be for the Watchers community but for all Web 3 enthusiasts. The new platform will be open to the public but only Watchers NFT owners will have the status of ‘verified’ users. All in all, given the highly innovative nature of the Watchers NFT project and its far-reaching effects on the Web 3.0 evolution, we will continue following its progress and reporting on it. So stay tuned as we will be watching for news on Watchers.
This article is provided for informational purposes only and should not be interpreted as investment advice. All investments involve risk of loss. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.”
Media Contact:
email: info@watchersnft.io
SOURCE: WatchersNFT
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https://www.accesswire.com/697623/Watchers-NFT-Up-and-Coming-Social-Platform-May-Herald-New-Phase-in-Web-30-Evolution
