We are all bombarded by a chain of news that overwhelms the web along with the digital world.
We know what’s going on Cryptocurrencies and digital assets in general dominate the market, leaving investors no time to breathe.
Today we will be observing a project that launched a short time ago, realizing the ability to overturn the model wrongly defined as “new” NFTs because, let’s face it, it wasn’t really born last year.
As often happens, such an unconventional trend takes a while to take off and this is what happened to Non-Fungible-Token, In fact the first product was sold in May 2014.
We remember an article by Artribune.com commenting on the historic day an artist and entrepreneur sold his first NFT:
“It’s Saturday, May 3, 2014 in New York, in the cramped conference room of the New Museum located at 235 Bowery, the chairs arranged side by side without even providing the minimum space needed to stretch out the legs.”
On that day, Anil Dash and Kevin McCoy would sell an animated gif for $4, but it would have been the first selling NFT in history, marking a new chapter in the massive digital industry.
Since that day we have come a long way and today we have video games, social networking, apps and finance based on non-fungible tokens. Everyone tries to exploit it by following the logic of profit.
Today we are talking about a team that launched a new project that aims to generate passive income by exploiting these particular types of tokens: I am talking about Byakko.
It is just another cryptocurrency, but compared to other more popular and well-known coins, it is less available and you need to know what to do to buy it.
For example, Coinbase describes how to buy it directly:
“Log in to CoinMarketCap and search for Byakko. Click the “Market” button next to the price chart. On this screen you will see a full list of places where you can buy Byakko, as well as the currencies you can use to make your purchase.”
However, we are not here to talk about how much the individual cryptocurrency will return, but about how much you can earn and how to exploit the potential of the new project launched by the Byakko team.
Created in 2022, it is proposed as one of the simplest and fastest way to get interesting returns on investments made in NFT, and if we go to their official website, we will find out more about the details.
You may be skeptical, but I assure you this market needs to be good. Just read the stats from a year ago on Findstack:
“In 2021, sales of NFT reached $25 billion, with countless people buying everything from video clips to cartoon monkeys.”
The sector is constantly growing and No wonder more and more people are approaching for economic benefits and curiosity.
Now let’s get to the heart and analyze what the developers of Byakko incredibly offer users.
Byakko is betting everything on NFTs: the project is taking off!
The developers have analyzed this sector well, they have a lot of material available, and therefore they are trying to find the best options for increasing the community.
Byakko’s team has created a decentralized NFT staking application (dApp), ensuring its safety and functionality.
Within the project, the biggest interest of investors goes to the APY (Annual Percentage Return) that will be associated with P2E games, the so-called play-to-Earns, which in turn is part of the private NFT bets offered by the platform.
Here at SwissBorg how specifically APY is explained:
“Annual percentage return (APY) is the actual rate of return earned on savings or investment taking into account the effect of compound interest.”
APYs associated with NFT staking will also be interested in tokens that will provide players with a high return on investment, i.e. an excellent ROI.
Players will invest in a game to create a prize pool that can have up to three winners. A 20% tax will be charged to each game and the proceeds are distributed to the owners or sent to a designated address.
It all revolves, however, around the non-fungible symbols.
But what is NFT staking?
In the cryptocurrency world, we know that staking is now a widespread practice.
When we talk about Proof-Of-Stake, in fact, we are referring to the validation method used by some block chains that push users to block their cryptocurrency by getting a reward because in this way the network is validated and helps “grow”.
If we refer to the NFT bets, things are only slightly different because not only cryptocurrencies are banned, but the digital assets in question.
Here is what Binance writes about it:
“Similar to DeFi revenue farming, NFT staking relies on a Proof of Stake (PoS) mechanism to reward participants. By blocking NFTs, users can earn rewards based on the annual percentage of return (APY) and the number of NFTs in the staking.”
This practice guarantees rewards that can attract more and more users who are interested in monetizing their digital assets without losing ownership, thus ensuring another type of income without moving power.
Obviously it all depends on the type of project involved and so it’s a good idea to check out who might be affected by this opportunity. Apparently one of them is Biako.
What are the potential returns by exploiting Byakko’s NFT elements?
If you are not sure what to do, I reassure you by telling you that the project has just begun.
This means that We find ourselves inside a universe that has yet to be discovered, but the good news is that we can be among the first to take advantage of the benefits it offers.
Among the promises and assurances made by Biaco, we can read the one about the seemingly surprising annualized return, reaching 250%!
On Byakko, it was written as a reminder only, praising the curiosity of anyone who might come across his official page:
“By simply holding one of our exclusive NFTs, purchased solely with our ERC20 base token origin, you can participate and earn up to 250% APY. Pools will be supported with more resources, across multiple chains.”
Not bad I dare say, don’t you think?
NFTs are still under development. It is still a new sector, albeit very promising in technology, but risks abound when we invest in the early stages of any project.
Also being careful is a must on Biaco, and always remember to diversify our portfolio.
NFT and digital marketing excellent results
Advertising nowadays plays a major role in any kind of business, it is undeniable.
Byako He knew and Use many social networks for thisIt also seeks the support of well-known personalities.
A vision as great as the one presented by this team can only take advantage of all possible options to spread its message.
Furthermore it, Through competitions and community-led systems, developers will finalize and publish the final list of partners who will collaborate on Phase 1 of the project.
The likes of Eminem, Serena Williams, Snoop Dogg and more are using NFT as their profile pictures, who knows if Byakko’s next sponsor isn’t among them!
I wouldn’t be surprised at all, as celebrities are now vying to become the representatives of the new non-fungible cryptocurrency or tokens with a solid and promising base.
Marketing always follows the biggest trends of the moment and how can it miss the opportunity represented by such companies?
Passive Income With NFT: The Byakko . Method
In due course we read how it is now clear that the advantages of NFTs are manifold, guarantee, exploit, and potential for additional profits:
“Smart contracts power NFTs because they allow you to sell or transfer NFTs, assign artist ownership rights, interact in the metaverse, and more.”
The one proposed by our group is a path dedicated to gaining and thriving in the realm of non-innate symbols.
The platform offers four steps that will allow us to build our income little by little thanks to Byakko.
You start by purchasing NFTs exclusive to the portal and start earning by staking them and reap the benefits. After that, you will continue to collect specific artifacts and weapons related to the proposed video game in the form of tokens, to activate your ranks.
When we have a large number of tokens on hand, we will be able to exchange roles in duels and video game wars with Byakko, and get rewards that will increase our wallet.
It goes without saying that the more celebrities who buy these NFTs, the more valuable they are!
All that remains now is to decide whether or not to give this popular market a chance.
Is it worth investing in NFTs in 2022?
Investing comes with risks, as we know, but it is always best to ride trends with the greatest impact and attention to avoid unpleasant surprises.
As of 2021, the NFT segment has approximately 30,000 portfolios in circulation with each other, now worth over $40 billion.
Thousands of sales happen every day, and while many are trading at prices under $200, some have been sold for several tens of millions!
Beeple’s case is now famous as we read on Wired:
“It bears the signature of digital artist Beeple and also the wand of the most expensive single work for much of 2021. In fact, every day at Christie’s first digital art auction it sold for $69.3 million via the Ethereum blockchain.”
At this point I feel like saying that Really worth it.
It is best to rely on platforms with more interesting and following projects like Byakko, but there are plenty of opportunities, and choosing one is just the beginning.