NFTs are digital tokens that can be used to indicate ownership of unique goods. They enable us to tokenize items such as artwork, collectibles, and even real estate. They can only have one official owner at a time, and they’re protected by the Ethereum blockchain, which means no one can change the ownership record or create a new NFT.
The term “non-fungible token” refers to a token that is not fungible. Non-fungible is an economic word that can be used to objects like furniture, music files, and computers. Because of their unique features, some goods cannot be substituted for other items.
Anyone with a little understanding of digital art can make or mint one. Collectors buy and sell NFTs once they are accessible on a marketplace, generally for extravagant prices. One of the 10,000 CryptoPunks (considered to represent the original NFT collection) sells for around 110 Ethereum or more than $450,000 on average.
The digital network market for non-fungible tokens, or NFTS, is taking on the traditional art sector. Despite the rise of blockchain-based digital artwork, many of the artists responsible for today’s most sought-after NFTS are men.
While the ratio of male to female NFT artists is unknown, statistics show that women are far less involved in the entire crypto business than men. More than two-thirds of cryptocurrency investors in the United States are men, with roughly 60% of them being white – a gender gap that is greater in other investments.
However, it’s worth noting that women artists are now launching NFT projects to demonstrate female participation while also attempting to attract more women to the crypto sector.
A rising number of female artists, investors, and collectors are turning to cryptocurrencies and NFTs to close the gender gap. Our Women Own Crypto initiative, for example, aims to provide significant new opportunities.
As consumers spend more time in the metaverse which is the virtual world of gaming, shopping, and socializing where we express ourselves through avatars, one of our aims is to encourage women to take advantage of the various opportunities available in NFTS.
In the near future, we want to give women who haven’t been able to invest in or traditionally sell their art a chance to do so. We ourselves have multiple collections on Opensea. There are links on our website www.WomenOwnCrypto.com
With your support women will be able to present on our platform, and a BSC token will be created soon, followed by an ETH Bridge.
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