All About NFT - Heavenbeads NFT Shop

HeavenBeads.Crypto (On Shopify) offers Unique NFT & high quality products such as natural body butter, wall decorations, and custom gifts all in one place.  Our NFT products are Blockchain verifiable & have fully deployable contracts so that both buyers and sellers are fully protected. 

NFTs are digital assets that represent real world objectives like art, music, in game pieces, video games, and many more.  They are bought and sold online using  various cryptocurrencies and multiple kind of payment including the latest fiat currency by the convenient use of a debit or credit card. 

Now, you have the option to purchase a physical product and the NFT version of it at the same time. HeabenBeasds is one of the first companies to offer both, Physical Products together with NFT Crypto Collectible products.

  • Our NFT form of this product is Blockchain verifiable. This means, when you purchase an NFT Product from us, you have full ownership of the item making this a great way to invest in a piece of this future technology and at the same time getting to keep a unique gift for you or your love one.
  • It takes a few clicks to own this very unique NFT.
  • HeavenBeads is Minority Owned and Women Owned.  We also support and Sponsor the work of the young NFT Artist Elee (9 years old Girl) who donates a 10% of all her sales to help dog owners in need of pet food and help elderly people with their home landscape or food in this difficult time.  
  • When you buy any NFT work from us or Elee, you are not only supporting Elee, but also the many elderly couples and pet owners in need.   Elee's website EleeWolf is also listed below. Thank you.

You are fully in control of how and what you purchase.  You can choose to buy just the regular item (like a regular every day purchase on this store), or you can decide to purchase the NFT version of the same product.  You also have the best option (which is to purchase both in which you will receive a discounted price towards the NFT).

PRODUCT AVAILABILITY FORM:

Physical Product: (Here on Shopify)

Both: Purchase both in one click (Under Each NFT Product Page)

 

INTRODUCTION:

NFT: 

NFT stands for Non-Fungible Token. They are collectible digital assets that value in cryptocurrencies.  

NFT corresponds to the abbreviation “Non-Fungible Token”, which means that the asset is unique. It can’t be changed and can’t be exchanged for another token of the same value because they are not equal. These assets are digital meaning they have no correlation to the physical world.

There are several use cases for NFTs; some of them are:

  • Collectables: Collecting figurines, trinkets, and other such objects have always been a popular pastime – NFTs act as a type of digital signature or stamp of approval, assuring authenticity.
  • Gaming: NFTs allow gamers to possess one-of-a-kind in-game goods. Such tokens can fuel in-game ecosystems, whether for pleasure, authenticity, or competitive nature.
  • Fashion: NFTs have the potential to solve several critical challenges in the fashion industry. To begin with, having a digital record of authenticity aids in the detection of the items. For example, an NFT might be affixed to a luxury object to prove its authenticity.
  • Tickets: NFT for tickets can prevent ticket fraud – There is no possibility of scalping, stealing, or attempting to utilize tickets. This is because the token on the blockchain that is linked with that ticket cannot be replaced.

The Technical Side Of The NFT

NFT is not exactly a new technology. The first one was launched in 2012, when colored coins, also known as Bitcoin 2.x, were introduced, but the coin never made it to the wafer. Currently, the most common example of NFT is the ERC-721 standard, which works in the Ethereum network, but there are other standards, such as ERC-1155.

How do NFTs Work?

NFTs are created and traded on blockchain platforms such as Ethereum. Ethereum is the technology that allows the safe transfer of information and has contract functionality that cannot be copied or downloaded. NFTs are made on Ethereum’s blockchain, which is changeless, which cannot be modified. Therefore, nobody can fix your responsibility for NFT or re-make that identical one. Moreover, they are “permissionless,” so anybody can create, purchase, or sell an NFT regardless of someone’s permission in the matter. It is similar to an exclusive collectible painting (like Mona Lisa by Leonardo da Vinci, for example) in an open store window that anybody can see, appreciate, or like, yet just a single individual can possess at a time.

What Can Be An NFT?

Any digital asset can become an NFT. Since the introduction of NFTs, we have seen: 

  • Works of Art
  • Tweets
  • GIFs
  • Songs
  • Video game purchases
  • Domain names 
  • & more

How do NFTs get their value?​

The real value of NFT is the willingness of people to pay for it. In the beginning, there was a mass acquisition of NFT that caused a bubble in the market. However, once the field has “warmed up” a bit, there seems to be an understanding of what the value of NFT is – so that NFT’S of well-known artists in various fields (music, digital art, and more) is valued at a high price. In addition, an exciting value is in the area is NFT’S of companies and organizations that attach the NFT to a physical product. For example, in real estate, such as partial ownership of physical property or a lecture by familiar figures, such as Gary Vaynerchuk VeeFriends Tokens, gives value in the form of 3 years tickets to his conferences and lectures.

What can I do with NFTs?​

Non-fungible Tokens do not appear to be a fleeting blockchain and crypto fad. With its diverse and distinct uses, it seems that this technology has barely scratched the surface. Only simple images are currently popular, which demonstrates that no one can accurately predict the technology’s ultimate potential. As the popularity of NFTs grows, more sophisticated tokens may emerge, allowing for a further expansion of the NFT market. Furthermore, NFT developers are rapidly coming up with new ideas for different industries. Various businesses, such as real estate, media, and entertainment, have benefited from NFTs thus far.

How do I get the NFT?

When you pay for an NFT, you receive the ability to transfer the token to your digital wallet. It’s just like possessing an original painting; the token verifies that your copy of the digital asset is the original. To make it simple, anyone can have a digital copy of your NFT, just as anyone can have a printed or digital copy of famous artwork.

Your private crypto key is the proof of ownership of the original. For that particular digital item, the content creator’s public crypto key is a certificate of authenticity. The value of every NFT token is determined mainly by this pair of the creator’s public key and the owner’s private key.

How do I get the NFT?

When you pay for an NFT, you receive the ability to transfer the token to your digital wallet. It’s just like possessing an original painting; the token verifies that your copy of the digital asset is the original. To make it simple, anyone can have a digital copy of your NFT, just as anyone can have a printed or digital copy of famous artwork.

Your private crypto key is the proof of ownership of the original. For that particular digital item, the content creator’s public crypto key is a certificate of authenticity. The value of every NFT token is determined mainly by this pair of the creator’s public key and the owner’s private key.

Should I invest in NFTs?

This is NOT a recommendation, however, in the end, cryptocurrency, decentralization, and blockchains are removing the middlemen and changing the way we buy, sell or trade commodities. Therefore, this may be the opportunity to get in early before the markets get hotter, which is quite inevitable, as seen from the current growth. Following are some of the main reasons why you should invest in NFTs:

  • Makes Value for the Tokenized Asset
  • It gives Investors greater Liquidity
  • Potential for development and advancement

Where can I Buy or Sell NFT's?

Marketplaces and Sites to Buy and Sell NFTs:

  • OpenSea: OpenSea is one of the biggest critical marketplaces in the world for NFTs. One popular NFT asset is the Etheremon; a game based on Ethereum, which is somewhat similar to Pokemon. Etheremon ranges from 0.04 ETH to 0.3 ETH for these NFTs.
  • Terra Virtua: Terra Virtua (TVK) is another “digital collectible ecosystem”, it is launching character-based animated creatures called ‘vFlects’ and licensed collectibles.
  • Rarible: Using the Rarible platform, users can easily create unique Non-Fungible Tokens for digital items and collectibles. The Rarible platform operates on the “RARI token” through which users can interact with the modus operandi. Many motivating and stimulating DeFi trends are brought forward by RARI, which associates “yield-farming” and “liquid mining”.
  • Nifty Gateway: Nifty Gateway, the most popular market for NFTs, has made an explosive rise in the market. It has helped more than $12 million of digital art and collectibles since it was launched 9 months ago in March 2020. The goal of Nifty Gateway is to make 1 Billion people collect NFTs. Reinforced by prominent drops from specialists like Beeple and Trevor Jones, who each made a large number of dollars in exclusive deals a year ago, Nifty Gateway has sustained 50% month-over-month development since March.

The unique identity and ownership of an NFT is verifiable via the blockchain ledger. they were first launched on the Ethereum blockchain, but other blockchains including FLOW and Bitcoin Cash now also support them. Whether the original file is a JPG, MP3, GIF or anything else, the NFT that identifies its ownership can be bought and sold just like any other type of art – and, like with physical art, the price is largely set by market demand.

In much the same way that prints of original pieces of art are bought and sold, there are also copies of an NFT. These are valid parts of the blockchain, but they don't hold the same value as the original.

 

FOR MORE INFORMATION, PLEASE VISIT: https://www.imoney.my/articles/what-are-nft