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NFTs are growing rapidly, and people are earning money from it

  1. An NFT is a digital asset representing real-world objects like art, music, in-game items and videos.
  2. So, what is an NFT? How does it work?
  3. Bring NFTs to real life!
  4. BHO Network, providing real-life DEFI solutions.

An NFT is a digital asset representing real-world objects like art, music, in-game items and videos.

First of all, an NFT (non-fungible token) is a digital certificate of ownership of an object: text, image, video, audio, game item. It exists in a single copy. NFT has a long history. It started in 2012, where the first name of NFT was ColorCoin which was discontinued.

But since its debut, NFT has grown in popularity in enormous numbers. Owning exclusive rights to an item or asset is the same as owning intellectual property on that asset; this is the target market for NFT, which targets a market where everyone can sell their digital works.

So, what is an NFT? How does it work?

A non-Fungible Token (aka NFT) is a type of digital asset typically purchased with cryptocurrency. NFT has its worth and cannot swap for other equal or more excellent value items. Examples of tangible and intangible assets include digital art, sports cards, and real estate.

An example of real-life things.

Leonardo DaVinci is the creator of the famous Mona Lisa Painting. If someone bought the painting, they would then be the owner of the art itself. They would have the right to showcase it in public or just hang it in their homes. It's the same thing if you buy NFT. The buyer has the right to do whatever they want after that.

Bring NFTs to real life!

NFTs are becoming so popular in the world that individuals are even incorporating them into their daily lives!

This week, a beer company named Denver Beer Co. announced the release of an NFT entitled "Beer For Life." The owner of the Denver Beer Co. "Beer for Life" NFT will be able to present their digital coin at any Denver Beer Co taproom location to receive up to four free beers each day to enjoy and share with friends. Other than that, the most exciting part about this is the Denver Beer Co. "Beer for Life" NFT will not expire, though the coin owner may opt to resell the coin at any time!

As we can see, more projects and companies are running their NFTs with various features and solutions for the world. And, for BHO Network, we are one of the projects in the industry attempting to be a bridge between real-world assets and the crypto space.

BHO Network, providing real-life DEFI solutions.

BHO Network uses NFTs to represent real-world assets and evidence for creditworthiness, such as audited financial statements, invoices, or audited mortgages. Therefore, with the vision to provide a solution to all of the challenges in the current economic infrastructure, BHO Network issues NFTs to represent these assets, and information helps open doors for individuals and businesses to access new financing channels on DeFi space.

In addition, BHO Network allows on-chain borrowing against various collateralized assets managed by trustless smart contracts. BHO Network will gradually become a fully decentralized financial exchange protocol interoperable with multiple blockchain networks in the market.

Ultimately, we hope to be the accelerator to drive the adoption of DEFI into the real world. As we believe, the world is borderless, it is only one crypto world, and everyone should have the opportunity to access it together. So if you would like to take this ride together with us, please do not hesitate to join us. You can access us by all the links provided below! To the moon together!

Follow us for more exciting news!

BHO Network website: https://www.bholdus.com/

BHO Network Telegram Channel: https://t.me/Bholdus

BHO Network 🌍 Global Community: https://t.me/Bholdus_ENcommunity

BHO Network Facebook: https://www.facebook.com/bholdus/

BHO Network Twitter: https://twitter.com/bholdus

BHO Network LinkedIn: https://www.linkedin.com/company/bholdus

BHO Network YouTube: https://youtube.com/channel/UC6ulJX-TdPKPE3bu1Kwg8gQ

Published on September 07, 2021

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