NFTs are everywhere in the news, so what exactly is an NFT?
To start off, NFTs are short for non-fungible tokens. It is a digital form of art that is unique. It means that even if there are multiple copies of the same digital art, there is only ever one true copy of it that you can own!
Ever notice how physical art pieces are always plagued with fake copies and the majority of masses can’t tell between a fake and a real one?
You’ll have to be a trained Provenance (art appraiser) to know the difference between real and fake Mona Lisa!
NFTs solve exactly that! Built on the existing crypto tech known as blockchain, owning one validates that your art is real and you are the owner of the only copy ever in existence! They serve as digital certificates of authenticity.
In short, it means your NFT is validated by many other users as the one true copy.
However, there can still be some forgeries so it is advisable to do your own due diligence such as reading about the founder, the team, and the roadmap of the NFT project.
What’s an NFT Art Gallery?
So what’s an NFT Art Gallery? Have ever been to traditional art galleries? It's another version of them or an ‘NFT showroom / NFT art exhibition’ where the NFTs are displayed physically!
Image of a traditional art gallery
New World Carnival’s NFT Gallery on display
New World Carnival's New World NFT Gallery (yes, there are NFT galleries in Singapore) is located at Somerset where NWC is collaborating with local Singapore NFT artists to display their digital art.
Other than displaying the digital art in physical form, you can actually purchase them directly by scanning the QR code with your Opensea NFT account if the art is available for purchase.
There’s even a discord chat and social media handles for you to find out more! The NFT art gallery is more than just a gallery. It's an interactive art gallery.
So why would you want to own an NFT?
A digital artist Beeple (viewer discretion advised if you google him) who until then was unknown and only ever sold a print for $100, sold his first NFT pair for $66,666.66 each! A huge amount of money for a father of two who’s driving a Toyota corolla.
And that’s not the end, in March 2021, this NFT Everydays - The First 5000 Days sold for a record breaking whopping $69 million USD!
Beeple’s NFT sold for $69 million USD
See where this is going?
NFTs are fast becoming another avenue of investment (not financial advice) as the next big thing and with real-life value.
There are many other successful NFT projects such as Bored Ape Yacht Club, Mega Mutant Ape Yacht Club, Cryptopunk, and Azuki just to name a few. The first has real-life exclusive access to yacht clubs, with NWC’s founder owning some of them.
In a nutshell, owning an NFT can have exclusive perks such as discounts in stores and special invites only. Its value might also increase over time as more people find them more valuable.
Other than the real-life offline benefits above, owning NFTs can have online benefits as well. Once you own one, you’re already part of a community with people from everywhere in the world. You’ll also have access to NFT staking, their metaverse projects, exclusive airdrops, first-hand info on updates (think premium club memberships), etc!
That said, you still have to do your own due diligence when buying NFTs!
So what’s an NFT Art Gallery doing in NWC’s VR Arcade?
Are you scratching your head, wondering how does an NFT art gallery come into play with NWC’s VR arcade?
Some NFTs are fast becoming expensive and out of reach for most people but there are avenues where you can get them for FREE! Yes, free!
Who knows? Maybe your own NFTs won from our guild system or community will be displayed here!
As part of NWC’s constantly evolving VR arcade integration with other technologies, NWC is bringing a guild system to their VR arcade where you can win and own your very own NFTs as you play!
Here’s the sweet short info:
- NWC members will be automatically assigned to a guild at random.
- NWC guild has 4 different teams which are Ruby (Red), Sapphire
(Blue), Emerald (Green) and Topaz (Yellow).
- At the end of every month, we will announce the winning guild on our
Instagram and Facebook @newworldcarnival. NFT will be airdropped
to the winner’s wallet.
- Guild points will be reset at the end of every month.
- Winners have to come down to the New World Carnival store to collect
the NFT.
- NWC members can check the guild on their NWC cards. Existing
members without guild can register their guild in-store to participate.
On top of the new guild system, the very NFT you own through our guild system can be displayed on NWC’s gallery as well!
Pssst, there's a potential someone might even buy the NFT that you got!
Psst, those unicorns look like the ones from NWC’s own NFT creations releasing soon!
So, what are you waiting for! Start playing at NWC & get your own sweet NFT!
General FAQs on NWC’s Guild System & NFT
Still confused? Read the general FAQ below!
1. How is the score system calculated?
Every private room games have score sheets and at the end of the game, guild points will be compiled based on that.
2. What is good about winning and collecting this NFT? Holders of NWC NFT can enjoy special perks at NWC and our partners.
3. Which network is NWC NFT from? We are on Polygon (MATIC) network
More questions? Do contact us directly or drop by at New World Carnival Somerset to learn more! Our staff will be glad to answer your questions!
Sources:
https://www.asiaone.com/digital/all-you-need-know-about-nfts-ugly-bad-and-occasional-good
https://newworldcarnival.com/events-n-promotions/new-world-nft-gallery/
https://www.straitstimes.com/life/arts/spores-largest-nft-art-exhibition-kicks-off-at-le-freeport
https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million
https://www.cnbc.com/2021/03/26/digital-artist-beeple-common-misunderstanding-about-nfts.html