Avorak AI Launches True Utility NFT Collection on OpenSea
NFTs, or Non-Fungible Tokens took the world by storm in 2021, with various high-profile NFT collections reaching millions of dollars in sales price. These digital assets are unique and cannot be replaced or exchanged one-for-one. Built on blockchain technology, NFTs provide proof of ownership and authenticity for digital content, such as art, music, videos and collectibles.
The hype surrounding NFTs has been fueled by a combination of factors, including celebrity endorsements, media coverage and the promise of democratizing various industries. With the rapid rise in popularity, NFT marketplaces have emerged to facilitate the buying, selling and trading of these digital assets. But as with any new technology, the hype can sometimes overshadow the reality of the situation.
Despite the potential for NFTs to revolutionize various industries, the truth is that most NFTs currently on the market have no real use. The hype has led to an influx of digital assets with little or no value or functionality beyond speculative trading.
Most NFTs are digital representations of works of art, collectibles, or other items with little or no practical use. The value of these NFTs is primarily derived from their scarcity and perceived value rather than any intrinsic utility.
Despite the current limitations, Avorak AI offers solid use cases for their new NFTs that will work alongside their AVRK token, demonstrating their potential value and utility, and they are given away for free to ICO buyers.
When an investor buys into the Avorak ICO, if they qualify for the minimum investment of $550, they get an additional bonus and also an Avorak NFT. The Avorak NFT provides free access to the products for life and serves as a ticket to the Avorak Conference (AvCon) which will take place in 2025.
One of the most important aspects of this NFT is that it doubles the income return entitlement of a holder’s AVRK balance. The Avorak revenue return will be a contract that routes payments for use of the Avorak system to the team and to AVRK holders. The holders are entitled to 49% of all income coming into the project based on the token holding. Having this NFT at the same wallet address will cause the contract to double the allocation rights of that address, making it a must for those seeking to increase their passive income from the income Avorak earns.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
This post was written by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and is not intended to be investment advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and coins with small market capitalization are inherently riskier than cryptocurrencies with large capitalizations. These tokens are subject to greater liquidity and market risk.
