The Loyalist NFT collection launched by Flare Finance has already garnered over $1million in sales within a short timeframe. The Delorian NFT sale initially began with 7,777 NFTs and only about 2.1k remain at the time of writing this. These NFT come with a range of benefits for the holders which are not just limited to drops and bonuses.
Flare Finance is gearing towards creating a collection termed “Supaku’s Awakening”, which will comprise both NFTs and physical art. The Delorian NFT in itself is a premium creation with very appealing visuals and graphics. Holders of this NFT will gain access to various NFT related drops, bonuses, and benefits commemorating past, present, and future events in the ecosystem. The Flare Finance NFT sale is live and available on Rarible (which is an NFT marketplace and is also a platform for creating NFTs).
The renowned blockchain use case –Non-fungible tokens (NFTs) are a form of crypto-asset which uses blockchain to record the ownership status of digital objects, such as images, videos, and text. These items are accessible to view by anyone, but only the buyer of an NFT has the official status of being its owner. NFTs have been well received by the cryptoverse in recent times, leading to massive amounts of sales, as well as adoption across different sectors.
Perks For Flare Finance NFT Holders
The loyalist NFT collections like the phenomenal ‘INFLUXO X Ronaldinho’ is half of the two-piece set, with one half being “The Right Arm of Supaku” and the other half being “The Left Arm of Supaku.” Holders who own the “The Left Arm of Supaku” and 10% of the supply of the “The Right Arm of Supaku” will be eligible to claim the first piece of physical art.
The Left Arm of Supaku” NFT will be the first HotDrop hosted on the FlareDrop Platform. Users will be able to participate in the auction easily using any supported currency, and the user with the highest bid will take home “The Left Arm of Supaku” NFT. Additionally, after each Bonus Drop, a patch will be developed and sold by the Flare Finance Team, allowing for people who did not receive the NFT itself, to purchase a physical representation of the Bonus Drop.
Other Lineup of Products to be Launched
Flare Finance is expected to launch with six products – FlareFarm, FlareX, FlareLoans, FlareMutual, FlareWrap, and FlareMine once Flare Network goes live. With FlareWrap, Flare Finance brings together communities by enabling minting from one chain to another and vice versa.
One of the foundations of Flare Finance has been Creativity, and that is evident from the Delorian NFT. With such finesse shown by the team in creating NFT, one can only anticipate the quality that would be seen in the Flare Finance platform. Cryptoverse will get to witness the Experimental Finance (ExFi) platform which is now expected to go live anytime soon on the Songbird Network. Keep an eye on the announcements to be the first to try the ExFi platform.
In the wold of blockchain technology, there are a lot of buzzwords. It can get kind of annoying.
Between that and the endless theories about different use cases, the whole thing can come across as naive, even become kind of off-putting. One of the most important and developed use cases is tokenisation – that’s one of the brand new buzzwords you definitely want to remember.
Tokenisation refers to the practice of representing an asset through a set amount of tokens which are all stored on a blockchain ledger. Why is this a big deal? Well, it’s a similar idea to representing an asset with fiat – in this case, however, the transaction record is stored immutably on the blockchain, so it’s fully transparent.
I’m talking never before seen levels of transparency here: users can purchase a fraction of an asset and know with certainty where there money is going, how many other tokens there are, where they are, and proving the transfer of ownership is easy. The ledger can’t be altered, allowing investors to rest assured that they have indeed bought a token amount of their asset, that it belongs to them, and that no-one’s going to take it.Sounds good, if a little abstract – what kind of assets are we talking about here?
You can tokenise anything
Let’s see some examples, shall we?
Many projects are looking into the idea of monetizing real estate investment in a new way. Think Time Share, but even more abstracted – these projects will allow you to invest in houses and other buildings, even a tiny fraction. If the property value increases, your holdings increase, and you can sell your token amount whenever you want. Strange, but interesting.
Treehouse is a project aimed to transform the illiquid realm of real estate investment into a sea of opportunity, allowing anyone to invest whatever amount they like into promising real estate projects. The project proclaims itself to be borderless, agile, transparent, secure, and affordable.
A market that was once highly expensive and risky to invest in is becoming much more accessible with these kinds of projects, and they have the advantage of instant liquidity. Selling real estate can take months or even years in some cases. With tokenised real estate, if market conditions begin to change the transfer of ownership can be done instantly and with much greater ease than before.
The same goes for one of the most expensive luxury assets there is – art. Paintings are a hot commodity to say the last – Leondardo DaVinci’s Salvator Mundi sold for almost half a billion dollars last year, which is crazy when you think about it. $450 million for a painting. It’s not the first time it was sold, of course – it was bought and sold for profit (significant gains, in this case!). These things are usually private – maybe it was one buyer, maybe it was a group or an organisation.
Tokenisation allows ordinary people to get in on the potentially profitable world of art dealing. Imagine being able to purchase .07% of a DaVinci painting (I mean, not that DaVinci painting necessarily. 0.07% of that is still like over 300 grand, so…). By agreeing that a certain amount of tokens represent an the value of an asset and offering people the chance to buy them, you’re creating liquidity and fungibility in items that before now had zero of either.
Buying and selling tokens that represent an asset make them liquid and creates a secure system by which to transfer value.The Maecenas project is designed specifically to accommodate this process, describing itself as “the first open blockchain platform that democratises access to Fine Art”. Given that some of the greatest cultural treasures of every nation have before now been for sale to the superduper elite, that sounds pretty great in my opinion.
Tokenization opens up worlds of new weird and perhaps wonderful opportunities allowing for very specific investments in tokens representing a portion of an asset.
One of the most… interesting examples I’ve seen?
At the London Crypto Investor Conference earlier this year I came across an ICO whose entire proposal was to allow users to purchase a token amount of a luxury car. Now, as cars are notorious for depreciation and also, you know, being driven and not used as assets, you probably have a lot of questions to ask me before committing to investing in this innovative and forward thinking project.To answer all of your questions, yes. Of course the cars include Lambos. What do you think this is, amateur hour?
No link for this one, only because I think it’s kind of silly. Maybe I’m wrong. Some of the most major, least silly things you can tokenise are securities.
A traditional security are defined in Investopedia as “an ownership position in a publicly-traded corporation (via stock), a creditor relationship with a governmental body or a corporation (represented by owning that entity’s bond), or rights to ownership as represented by an option.”
Stocks, shares, etc – these can now be tokenised for the masses. How is that different from buying them through the current system? Well, to buy securites through tradittional channels, there are a whole lot of brokers, bankers, and other middlemeen to get through, and unlike a blockchain ledger, they all have to eat.
Tokenised securities offer low fees, instant, safe and efficient transfers, and tamper-proof data protection. Securities actually are fungible, unlike a lot of the other assets now up for grabs, but tokenisation can still vastly improve the process and open it up to the public. Further to that, blockchain tokens are under the direct control of the users, not held by brokers or banks. We all know how that can turn out.
That’s why these projects refer to the process as democratization of assets – we’re entering an era where people no longer need banks and middlemen in order to invest in valuable assets. As blockchain advances, we get closer to controlling our own funds and financial futures. Want to invest $40 in a $1 million painting? Go ahead. Want to buy stocks without a stock broker? It’s in the pipeline.
Tokenisation is going to completely transform the world of investing forever, putting power into the hands of ordinary people and giving them options that before were reserved for the rich and powerful only.