₦airaland Forum

demmy66:
Gurus in the house good evening, please is there a way someone can acquire dollar in his domiciliary account at a rate lower than black market. Since it's difficult to get official rate. Grateful in anticipation of your response

OladapoF:
Thank you for pointing these common Mistakes. I have used Binance and Coinbase. I think I will need to try out Yellow Card as well.

enoch273:
Yellowcard UI is really simple, but I can't trade since I've not been able to verify my account.

Investicoo:
What are NFTs (Non-Fungible Tokens): A Beginner's Guide


Source: [url]investicoo.com.ng[/url]


Non-fungible tokens are a type of digital asset or unit of data. An NFT can’t be easily replaced by a similar asset. It contains a non-alterable record of its authenticity and ownership.

NFTs differ from regular cryptocurrencies, which are fungible, meaning they can be easily exchanged for money or other cryptocurrencies.

One Bitcoin has the same value as another. Not so with NFTs. Each is unique and will have its own unique value.

NFTs can be traded, but their value is unique to a rare, highly valued bottle of wine than cash — you can’t use that bottle of wine to pay for groceries. Still, NFT sales topped $2.5 billion in the first six months of 2021.

NFTs are attracting this kind of attention because they have the potential for functionality. Since they contain digital files, they can function as a program and even contain smart contracts.


NFTs can also link to digital files of music or film. Because they are new, NFT experimenting abounds, from monetizing rare memorabilia to political protests to sneaker authentication and virtualization.

How Do NFTs Work?
NFTs share many similarities with cryptocurrencies. They can be bought and received, sold and sent, and stored in a crypto wallet that supports NFTs.

Details confirming their authenticity, ownership, and any transactions related to them are permanently recorded in blockchain blocks. While NFTs can technically live on any blockchain, Ethereum remains the most popular blockchain network, along with BNB Smart Chain and Solana.

NFTs can spawn communities passionate about a shared interest — music, art, or fashion, for example. Many NFT communities are centered around their blockchain network of choice, like Ethereum, BNB Smart Chain, Solana, among others.

But the key to understanding how NFTs work is remembering the digital file an NFT is associated with. If it can be digitized, it can be turned into an NFT.

In the language of NFTs, this process is called minting an NFT. And it’s a wide-open space right now.

While NFTs generally attract users from the typical crypto space because you need a cryptocurrency, like Ether, to buy an NFT, even those outside of the crypto realm are jumping on the bandwagon.

Consider the case for music NFTs. A huge concern for musicians is getting paid for their work. Some experimental NFT platforms allow a musician to embed unique and original works in an NFT, get paid for them, and set terms for profiting from any resale.

But what exactly gives a particular NFT its value?


How Do NFTs Generate and Keep Value?
The NFT space is still new. For the most part, NFTs have derived value from the same characteristics as traditional collectibles: scarcity and appeal.

Think of an original Leonardo Da Vinci, like his Salvador Mundi. There’s only one in existence, and collectors love Da Vinci. That’s why it sold for $450 million in 2017.

We’ve become accustomed to art not needing to have intrinsic value. This same thinking is carrying over into the world of NFTs. But can’t digital files easily be copied?

Just like original works of physical art, it is possible to copy a digital file. And NFTs do not necessarily give the buyer copyright of the digital file or even control of it. In some cases, it may be viewed by others for free.

But any copies will not be identical to the NFT itself, which also contains a record of all transactions and, most importantly, proof of who owns the NFT.

There are thousands of copies of the Mona Lisa in the world, but only one original hanging in the Louvre. For many collectors, NFTs hold a similar appeal. But as more communities of interest spawn around NFTs, value based on utility may increase.

For example, business assets could be tokenized as NFTs to provide verifiable purchase orders, invoices, or receipts. Or, like the winery mentioned earlier, selling an NFT as a type of future to increase cash flow while the wine ferments in barrels.

NFTs may provide a way for access to blockchain capability in the background while providing a more user-friendly, useful experience as the front end. Communities are mobilizing on platforms like Ethereum to try and accomplish just that.

So how might you use an NFT?

4 Ways to Use NFTs

Collectors and Buyers
Perhaps the most obvious use of an NFT is to buy them. This could be to support a cause or artist selling the NFT. But there are many in the NFT space speculating on assets that will increase in value, much the same way an investment portfolio might include art.

Of course, there is one important difference in buying an NFT.

As mentioned earlier, the purchaser of an NFT may not be acquiring rights to the actual digital file. In this case, the level of speculation is heightened, since others may have free access to the underlying digital file.

Artists and Creators
NFTs hold great appeal for anyone who creates art, music, videos — anything that may hold appeal and that they’d appreciate being paid for. They can avoid having to establish a market for their work, or breaking into an existing market where major players call all the shots.

Instead, NFTs enable the creator to set the terms of the initial sale, as well as a percentage to reap from any future sales of the NFT.

Tickets
Event organizers are beginning to explore how NFTs might revolutionize the industry. NFTs offer a secure way to mint and sell tickets since authenticity and transactions are verifiable and immutable on a blockchain.

Ticket holders will be able to buy and store tickets they can’t lose but can easily resell if they can’t use them. Also, they can be stored indefinitely for future memorabilia resale potential.

Perhaps the greatest potential, though, is that NFTs are programmable and can contain smart contracts. This can afford a new way for event organizers to interact with clients and offer enhanced experiences, offering rewards and access to other merchandise sales.

Gaming
NFTs are bringing new possibilities to the world of gaming.

Like a character? Buy it — it’s yours, provably. Training and adding powers and customizations to your character all become part of the indelible blockchain record, potentially increasing the value of your NFT.

But there’s also income potential inherent in NFT gaming. Thanks to smarter contracts, creators of NFT assets can continue to collect royalties as characters, for example, are traded. Players could potentially earn income as they play, unlock items, upgrade, and trade their NFTs.

The Pros and Cons of NFT ownership
You’ve probably gleaned a few of the overall advantages and disadvantages of NFTs. But here are some of the more important things you should keep in mind.


Pros
Value appreciation. As with other collectibles, an NFT can increase in value — sometimes amazingly. Some NFTs originally costing thousands of dollars have subsequently sold for millions.

Incontrovertible ownership. You can prove it’s yours, and, if you decide to sell it, the buyer then enjoys that same provable ownership.

Unique and collectible. Just as with ownership, an NFT you purchase is provably unique. As such, it may be collectible, either because of widespread demand or because it holds special meaning to you.

Immutable. Since it is based on blockchain technology, once transactions have been recorded, they cannot be altered or tampered with.

Smart contracts and programming. An NFT can embed real utility, such as automation of future sales proceeds, when to trigger certain events, or agreed-upon rights granted to the owner of the NFT in the future.

Cons
Highly Speculative Market. For every NFT rags-to-riches story, there are many more mundane examples of little to no value increase.

Copies. Digital files can be exactly replicated. Buying an NFT, as previously noted, doesn’t necessarily mean you hold the only copy of a digital file — or even own its copyright. So, while the NFT itself is unique, the associated digital file may not be.

[b]Environmental concerns. [/b]Because of the way some blockchains operate, any block added may require significant computing resources, meaning lots of energy is required. Choosing NFTs on high-performance and low-cost blockchains can potentially mitigate some of the potential environmental costs of minting and transferring NFTs.

Source: [url]investicoo.com.ng[/url]

Mohbola:
one has to be smart about it. And I learnt Yellow Card had good rates for USDT

Premium smartphone brand TECNO has announced the renewal of its partnership with UNHCR, the UN Refugee Agency, to support its Refugee Scholarships Programme DAFI (Albert Einstein German Academic Refugee Initiative). The partnership aims to provide higher education and possible job opportunities to refugee scholars in Africa, unlocking their full potential to thrive as adults, and ultimately contributing to equal access to education for all.

As of now, more than one per cent of the world’s population is forcibly displaced. Despite the COVID-19 pandemic, conflict continued to drive new displacement in 2022, pushing the number of those forced to flee cross the staggering milestone of 100 million for the first time on record.

In times of displacement, higher education is crucial. Education empowers by giving refugees the knowledge and skills to live productive, fulfilling and independent lives. It improves mental wellbeing and offers a stable and safe environment for those who need it most. It also helps young people to carry on building futures for themselves, their families and their communities.

However, at tertiary level, refugee enrolment stands at only five per cent, compared with 68 per cent at primary level and 34 per cent at secondary level. Too many refugees are denied the opportunity to explore their potential through higher education, where they can advance their own skills, knowledge and professional careers as well as innovation and research that can improve lives.

Since 2020, TECNO has joined UNHCR to provide quality primary education to more than twenty thousand of refugee children in Africa through their financial contribution to the Educate A Child (EAC) programme in Kenya and Uganda. In 2020, when the COVID-19 pandemic devastated learning conditions for refugee children, TECNO helped close the gap with an emergency donation of tablets to support learning for refugee children during school closure. In addition, TECNO donated 50,000 medical face masks to UNHCR Kenya’s COVID-19 response.

As we continue to provide education opportunities in Africa, barriers to higher education need to be addressed and refugee access to the labour market needs to be expanded. In 2022, TECNO expanded the partnership with UNHCR to tertiary education, supporting refugee scholars in Africa to complete four-year higher education. In addition, TECNO will provide internship opportunities at its branches or subsidiaries in Africa for refugee students if the national policy allows and their qualifications match the positions.

Vanno Noupech, UNHCR Representative in China, expressed appreciation for TECNO’s continued support. “UNHCR welcomes this renewed and expanded partnership,” he said. “TECNO’s contribution will continue to enable UNHCR’s efforts to support refugee scholars to continue their education in difficult times, and potentially supporting their transition into the labour market. Increasingly, we see Chinese private sector and individuals showing solidarity and support to address gaps in refugee education globally, and we believe the private sector
could play a greater role in addition to financial contribution, such as leveraging their expertise and networks to co-create innovative solutions.”

Stephen Ha, General Manager of TECNO said, “With the renewed partnership with UNHCR, we hope to expand our support for refugee students from primary education to higher education. As part of our Corporate Social Responsibility endeavours, TECNO is committed to giving back to the community where we are present. We see DAFI programme as a chance to help those displaced young refugees with higher aim and big potential to continue their education, and provide them with more opportunities to change their lives and give back to the community in future. ”

Ayoalhaja:
Hello guys, I'm new to this crypto but I really want to invest now that people are shouting everywhere the price has fallen drastically.

pls which of the coins can I invest into for now?

reedone:
How can I get luna coin.

youngbang:
Please where did you buy the Luna ??