How does nftre work Traditional NFT’s are speculative digital images with no inherent value attached to a blockchain. Value is created by the constant activity of ‘buyers and sellers’ forcing a price. With each action a transactional fee is paid which by itself reduces any profits. In other words, this method is similar to the ‘hot potato’ game: the NFT is passed from person to person, but once the interest stops the holder is left with a worthless digital image.
However, with the NFTRE model, the company locates a property / asset, and once due diligence is complete will contract with seller to purchase property / asset. At this time, value is set, and an NFT linked to the property project is generated as a digital investment image, with attached Metadata and placed on a blockchain. Once the necessary investment amount has been reached, the project is funded and the NFT’s are delivered to the buyers. If the necessary investment amount is not reached, the funds are returned. The NFT asset now on the blockchain maintains value and grows throughout the investment period until the project target is reached at which time the project pays out. In terms of the ‘hot potato’ game, everyone is a winner as the NFT still holds real value. NFT DATA
NFT Metadata - NFTRE
NFTRE Forging into a new market of real asset backed NFT’s, we keep the content image of your NFT on an IPFS Chain Stack, with the IPFS hash table on the ‘myxpay’ blockchain.
Why? Seems it just too heavy!
Essentially, blockchain is just a ledger system capable of holding simple values, certainly not media content. In this case, each full block is around 1MB, but a simple image is about 2MB. Even though storage on the blockchain is technically possible, file size limitations prevent us from utilising this storage strategy. We are sure you understand at the end of the day its about practicality. Other systems can push a round peg into a square hole, but you can bet there are heavy gas fees to pay for moving large blocks.
We know our clients are here to make money not waste it on gas, that’s for sure, hence our implemented of IPFS algorithms to help control lodged assets and guarantee their identifiability on the blockchain and not in an online ‘storage dump’.
Perspective of a NFT Buyer
The traditional idea of the NFT is highly speculative: the ongoing value and therefore tradable value and future profit relies only on the friction between the ‘buy and sell’ activity from parties who are interested in the NFT. They create the market. Moreover, the actual NFT is likely a digital image with no apparent value other than what it can generate through a digital marketplace. This NFT is backed by nothing, and potential profits can be less than nothing.
The NTFRE method differs in every way. 1. this NFT is backed by a real life asset that may be a building, art piece, income from rent roll or business; 2. this NFT is essentially a proof of ownership and lives on the blockchain as evidence of a right to collect on these assets; 3. this NFT pays out according to the project guidelines and does not rely on a chance buyer to return profit. 4. Worse case scenario, this NFT can be liquidated for project value as the asset is real and can be sold to recoup losses thus mitigating risks.
Simply put, the Traditional NFT is a speculative game. The NFTRE modern NFT program is a true investment targeted to reach a set profit mark.
All NFT’s sold through NFTRE.money have build in meta data, including IPFS location and the original TXHASH attached to the right side of the certificate for product authenticity and document security.