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Monday, October 2, 2023

In What Ways do NFTs and their Products Contribute Effectively to the World?

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Many celebrities use NFT marketplaces to sell their creative work. It has become a great platform to create enormous profits because NFTs steadily make their way into people’s day-to-day lives. People make a profit while having fun creating their NFTs. The founder and CEO of NFTically say, “NFTs are here to stay.” 

It is a unique way to hold or carry content, so more people are engaging with the metaverse. When we hold NFTs, it grants access to purchasers in the metaverse. Through NFTs, collectors can receive distinctive and credible artwork from around the world. The co-founder and vice president of the Crypto & NFT Exchange said, “Some collectors are considering NFTs as a long-term investment opportunity because the NFT business is booming.”


People can get beautiful images in the NFT world. The first NFT that is created as a profile pics or PFPs. It is a single chain Ethereum transaction that is created from a set of 10,000 PFP unique OC Monkeys. They are easy to use as profile images on social networking sites.

Danny Yang (CEO), Amanda Terry (COO), and Bill Tai (Chairman) created this fascinating project, Metagood. It also helps to give a contribution to the community and DAO.

Creating NFT Community with OnChainMonkey

According to Bill Tai, the OCM project is in its early stages, but many people are interested in it. It is the first NFT in history, and all on-chain collections are used in a single click with one Ethereum transaction.

There are incredible images in the NFT world and also in enormous sizes. There is not a huge amount of space in blockchains that contains information organized in the form of chains. In those blocks, the data structures are tight, so images should refer to someplace.

With a click, it defines rarity features and produces those characters on the file by using a math expression. He also completes this experiment with a simple graphic that is used to design a monkey. Danny Yang, CEO of the company, says it wasn’t as easy to design the monkey as others thought. It takes a lot of time to finish the little details of the graphic.

This has become the starting point of their dream project. According to them, its initial stage is unique and innovative and brings attention to various marketplaces. People now talk about their community. With the OnChainMonkey collection, Metagood was created to do what the name suggests. It also becomes an excellent community and funds social and charitable projects around the world.

Bill also shares their views on the future of digital communities. He said venture capital was originally used to fund products, typically electronic items that people used. Micro-economies are given a chance to flourish in this new web world. 

Sum Up

We are advancing beyond physical gold and barrels of oil into the world of electrons with the additional abstraction layer. With the help of digital technologies, the concept can now be translated into exchangeable tokens.

Learn more about Metagood here: (https://www.metagood.com/)


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View OnChainMonkey on YouTube (https://www.youtube.com/c/OnChainMonkey)

Join OnChainMonkey’s discord here: https://discord.com/invite/ocm

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