The internet is the web and the internet is changing again. With the emergence of web3, there has been a change in user connection. This change is not just a new version of the internet but has also seen the challenge of basic principles like decentralization and data ownership.
Centralized bodies like Amazon, Google, and Facebook now control personal information and user data. This all shows how broken the internet is.
Blockchains such as Ethereum or an application on another protocol will have an NFT calendar with a list of all known NFT projects launched or pending as tokens.
To know more about each project the calendar gives a step-by-step detail of the project. This way you can keep up on what’s next on the project.
What is a non-fungible token?
Non-fungible tokens or NFT means unique irreplaceable tokens. For example, a trading card, if traded for another card will give you something entirely different.
Non-fungible goods can’t be substituted, are identified, and have a specific owner as opposed to a fungible good like bitcoins. Which can be substituted with something else, doesn’t have owners, and not be identified.
Tokens at Ethereum are non-fungible tokens. The tokens remain the same token although transferred from one owner to another.
The identity of the token like the owner’s name cannot be changed. An example is a Cryptokitty which has a unique genetic code; which may be a combination of colors or traits.
It can be identified via its unique features and has an owner which is the person that purchased it.
Why should you care about NFTs?
Non-fungible tokens have various advantages.
An example is that it provides digital scarcity, if you can prove that your tokens are limited and not a bunch of the same token, it gives you a clear advantage.Â
This uniqueness of the NFTs confers digital scarcity.
NFT’s can be traded as security.
An example is the Augur’s REP token which are non-fungible tokens used to report event outcomes, they are unique and cannot be recreated. This also implies that as the Augur platform grows due to the limited number of their token the value of the tokens increases.
How can you use an NFT calendar?
You can find new NFT projects using the search box of NFT calendars like NFT watcher.
Users can also use the filter option to narrow down your search to the type of project, for example, ERC-20, or the category example Art.
You can also track NFT projects about to launch and also using the rarity store tools, you can also check the rarity score of the NFT project to enable you to make the best choice.
Users can also see if they hit the prize or not by tracking the rarity ranks before buying NFTs.