With the explosion of non-fungible tokens (NFTs) in the blockchain ecosystem, it seems like everyone has an opinion on how these new collectibles will revolutionize the world. However, with all the buzz, it can be difficult to find reliable resources to explain this new digital asset.
Crypto Kings Club (CKC), an NFT creator, has a solution. They are launching a trading academy to pair future NFT holders with experienced mentors who will teach them best trading practices. “Buying our NFT not only gives you access to digital assets, but also to experienced business mentors who want to help their communities thrive by participating in this financial revolution,” says CKC Founder Jihad Faraj. The trading academy will also consist of a series of live and recorded webinars where NFT holders can ask questions and get answers from experienced traders.
Since August 2022, Crypto Kings Club (CKC) has had a YouTube initiative called CKC Chats, which brings together notable NFT collectors, Binance ambassadors, and longtime Crypto traders to share tips and pointers on how to get started in the space. CKC also hosts mentorship sessions on its Discord server to educate active members of its community.
Fundamentals of Web 3.0: what are we talking about?
During the first years after the creation of the Internet, the term Web 1.0 was used to refer to the initial version of the Internet, when most websites consisted of text only. A few niche users used the internet, and its concept was limited to research and some minor trading experiments.
Then the era of Web 2.0 began, characterized by user-generated content on the Internet. The era of websites, blogs, and social media was dominated by billions of people creating and interacting with user-generated content. In Web 2.0, user-generated content is generally owned by the platform on which it is created.
The Web 3.0 era is based on the concept of decentralization. In this new era, content created on the Internet belongs to the creator rather than the platform. This model gives control of user content back to the users who create it and allows them to monetize it. Read a deeper dive into this topic on our CKC Academy blog.
What is an NFT? What is the role of NFTs in digital communities?
NFTs are non-fungible tokens. It is a new digital asset that can represent anything from a collectible to an asset on the blockchain. NFTs have many uses, but one thing they are not is cryptocurrencies like Bitcoin. They are designed to be owned and controlled by their owners, not by centralized companies or governments. Because they’re blockchain-based, they can be traded freely without the need for third parties like eBay or Amazon, which means NFT traders don’t need to share their personal information with anyone to buy and sell the asset. NFTs can even be sold for crypto, which means that it is no longer possible to exchange money at a convention. These tokens will help create the metaverse as we know it – a world where every aspect of our lives exists digitally and interacts seamlessly with other users (the same world that Ethereum plans to achieve). With all these different uses, it’s easy to see why Web 3.0 needs a full ecosystem of interoperable tokens, so users can easily trade them with each other. That’s why digital communities need people who know how to navigate this brave new world, and the CKC Academy is here to guide them.
Trading 101 – Primary and Secondary NFT Markets – How to Make the Right Decision
There are different advantages and disadvantages in the primary and secondary NFT markets. The main advantage of buying in the primary market is that traders can buy an NFT collection as soon as it is listed and have the opportunity to make a profit if the price of the NFT increases in the secondary market.
On the other hand, one of the main reasons for the recent rise in popularity of secondary markets is that traders have access to more variety, advantages, usefulness and a sense of security in terms of scams. By buying from a reputable, reliable and verified collection, you can rest assured that you will receive a real verified NFT in exchange for your money. With secondary markets, collectors and investors can select the exact NFTs they want.
Whether to buy in the primary or secondary market is a unique decision for every trader. This decision is based on their individual investment strategy, the level of risk they are willing to take, and how a trader wishes to earn from their investment. This is where the help of an experienced trader can be essential.
Hit an NFT
“Mining” an NFT is the process of taking a digital asset and recording it on a blockchain so that it is recorded and transformed into a unique digital token that can then be traded. Simply put, when a company “monets” an NFT, it creates a new block and records that transaction on the blockchain.
Creating digital assets as NFTs is an effective way for content creators and artists to monetize their work. Learn more here on our CKC Academy blog post for the 5 Steps to Hit an NFT.
About Crypto Kings Club
The Crypto Kings Club NFT Collection will be available mint in September. The company focuses on educating and empowering its holders through the CKC Academy and contributing to community projects.
Marketing and public relations contact details
Agency: Axer Strategies
E-mail: [email protected]