If you have some general questions on NFT’s, what they are and how to get involved this is the page for you. If you still have questions make sure to join our Discord and our community can help!
WHAT IS IT ?
WHAT IS AN NFT
NFT stands for Non-Fungible Token. You may be asking “what does that even mean!?” and “why would I want one?” Hopefully our brief introduction answers these questions and more.
So, NFTs are unique digital assets bound to blockchains. By design, they are verifiable, trackable, and tradeable.
This refers to assets that are equal and interchangeable. For example: physical currency. A $1 bill can be switched out for another $1 bill; it remains the same value.
NON-FUNGIBLE
This refers to assets that are unique and not interchangeable. For example: sporting event tickets. Each ticket represents a different seat/section/day. Prices may vary.
TOKEN
This refers to a digital asset. The asset, which can take multiple forms (ie images, audio, clips), has associated data which is unique and identifiable.
BLOCKCHAIN
Sometimes referred to as a digital ledger, a blockchain is a shared database technology that provides and distributes secure, decentralized records of transactions. NFT transactions occur on crypto blockchains.
SMART CONTRACT
Smart contracts are self-executing and can check that the contract terms have been satisfied, as well as execute the terms without the need for an intermediary or central authority.
DIGITAL WALLET
A cryptocurrency wallet that can access both cryptocurrencies and decentralized finance (DeFi) applications.
IT IS SO MUCH MORE
NOT JUST A PICTURE
what’s with all the hype? Why do people have random cartoon animals as their profile pictures? Why am I seeing news articles about NFTs selling for millions? Well, as with any new and emerging technology, trends develop and early adopters set certain value points that some outside the space may not fully understand.
Some will pay thousands for a pair of limited edition sneakers. A vintage designer T-shirt might sell for $500. A rare baseball card for thousands. These collector items sell because of rarity, quality, brand recognition, and/or the overall prestige of ownership. The same can be said for certain NFTs. These digital assets are collectors’ items. They are fun to track and trade. They build community around common interests. And they sometimes accrue monetary value.
+ IDENTITY
Most of our daily interactions occur online. It is no surprise then that our individual online personas have become valued forms of self-expression. NFT’s provide us with a means to define, shape, and reflect our identities online-- whether it be in the form of a carefully curated NFT gallery or a sick Twitter profile picture. PFPs (industry speak for profile pictures) have become a window into who we are, much like the fashions we wear and the music we listen to. Many in the NFT space have set their PFPs to their favorite NFT giving their friends and followers insight into their interests, community, and/or latest big get.
+ UTILITY
Flexing your identity and social media persona isn’t for everyone. Luckily, there is much more we can do with NFTs. Remember: NFTs aren’t just art, they’re technology. Owning an NFT is something we can verify. Its positioning on the blockchain system makes the verification process secure and easy. This opens a realm of possibilities. Imagine physical goods being accompanied by an NFT, allowing the owner to prove that the good is both authentic and one-of-a-kind. No more wondering if the LV bag is a counterfeit or real. Your favorite Twitch streamer is releasing limited edition merch? This merch can be gatekept and accessible only to holders of the streamer’s NFT collection. NFT utility could also include discounts to your favorite brands, exclusive access to your favorite content, participation rewards, and exclusive event invitations.
NFT’S & THE ENVIRONMENT FOR
SUSTAINABILITY
There is a lot of negativity around NFTs at the moment and most of it focuses on the environmental impact of blockchains in general. For the two most popular blockchains Bitcoin and Ethereum, the CO2 footprint is less than 1% compared to other sectors.
We believe the digital era has the opportunity to create a whole new world where we have a chance to be something more, something that is ‘Mas’ and redefine the fashion world.
Digital fashion is the future and joining us we hope to give you the opportunity of being early movers in this era. For us our community is our strength and we aim to take you with us in our journey.
Discord is our primary way of communication with our community. All major and minor updates will be communicated primarily through discord. To setup a discord please follow these instructions.
When you purchase our NFT, it should be visible on your Metamask Wallet gallery display. Be sure to only purchase our drops from official links or from the secondary market (opensea.io)
Unfortunately there are some bad guys out there trying to scam you with fake links, direct messages, or emails. A good practice is to only use the official links on our discord and other social media. We will not contact you directly unless from an authorized account. Another good practice is never share your wallet secret code with anyone.
