Pledged Capital Bat Collection: Utility-Rich NFTs
Non-fungible tokens (NFTs) are digital assets that exist on a blockchain containing unique identifiers and metadata that differentiate them from one another. “Non-fungible” basically means that it is unique in the sense that it cannot be replaced with another item. Even though they’ve existed since 2014, NFTs have become more mainstream in recent years and can mimic real-life objects like furniture and artwork. Initially, they were launched on the Ethereum blockchain. However, other blockchains, including FLOW and Bitcoin Cash, now support them as well. They are commonly purchased and sold online, often using cryptocurrency, and they are normally built with similar electronic properties and software as cryptocurrencies. By tokenizing these real-world tangible items, transactions can also be made more efficient at the same time as fraud risks are reduced. Although, readers should note that trading or exchanging them at equivalent value is not possible. In other words, while 300 investors can have exactly the same picture in their wallets, they can each say, “I own a unique copy number.” This is while the opposite is true for fungible tokens like cryptocurrencies, which have the same properties and can be used as a medium for financial transactions.
There can only be one owner of an NFT at any given time, and its verification and token transfers can be further facilitated by blockchain technology. This is because the blockchain database can verify an NFT’s distinct identity and ownership. Since each NFT token is encrypted on the blockchain with smart contracts, it cannot be lost, stolen, or forged either. Additionally, these tokens’ ownership is permanent, meaning collectors and gamers own their NFTs, not the organizations creating them. NFT metadata can also be customized by the creator to contain specific information. For instance, artists can include their signatures in their artwork files. The same principle could be applied to securing smart contracts with NFTs.
NFTs Are Revolutionizing Digital Property Rights
Through the digital representation of real assets, NFTs have made a significant contribution to the reinvention of financial systems in the 21st century. Every project’s contract data is linked to an NFT to ensure the integrity of the information contained therein, security, and authenticity. In combination with tamper-proof blockchains of smart contracts, these technologies have become a formidable force of transformation.
An NFT is more than just a way to sell digital artwork — it represents a fundamental shift in how ownership is defined in today’s digital age. Let us take Pledged Capital as an instance. Right from the registration process, users are required to mint an NFT under the “Know Your Customer” (KYC) requirement. By minting NFTs, you are effectively configuring the base smart contract code that determines the value of your crypto holdings.
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On the Pledged Capital platform, every project is assigned a unique NFT that serves as an ID-Access Card, granting access to individuals who wish to access features specific to the project, such as interactive chat rooms, community forums, and information about smart contracts, such as vesting schedules. Yes, NFTs are built on smart contracts, and smart contracts are universal. Investments, however, should not be regarded as such. All parties must be satisfied by investment contracts, and that is why each contract is unique. Here are some details about NFT’s utility in securing Pledged Capital’s records, transactions, and identity.
Pledged Capital mints NFTs to store information about shareholders and project developers, including vesting conditions, cost of purchase, and milestone achievements, in addition to other features. Upon the completion of each project milestone, the platform generates another NFT, securing all confirmed project details. As soon as the final milestone is reached, the platform mints the last NFT that confirms the completion of the project and the transfer of all funds, along with all investor rewards.
Through the use of NFTs as access tokens as well as storing contractual agreements pertaining to funded projects, thereby facilitating consistent use of the Pledged Capital network, we reduce GAIN supply with each use, leading to an increased appreciation and a higher GAIN token value.
Pledged Capital NFTs: Bat Collection
We aim to help inexperienced investors find the right path with the Pledged Capital Bat. The Pledged Capital Bat was designed to penetrate the meme communities, helping them move beyond the dark realm of useless coins.
Bat’s mission is to educate people about viable investment opportunities aimed at advancing them, as well as the crypto sector overall, in the right direction. As part of this collection, holders also get a limited sales auction, score boost for more allocations, an in-app staking bonus, and a unique badge for messaging and access to private chats. These NFTs will be used to store contractual data between Investors and projects. Moreover, we will issue unique IDs and Reward Badges to the investor group. The Pledged Capital Bat NFT series has been launched in partnership with DirtyPigs, and you can learn more about them here.
Pledged Capital is a MultiChain, using which investors can make secure investments with the cryptocurrency of their choice. We have also designed token mechanics to reward our community first, about which you can learn more on our Telegram channel.
