A look at how BSC News NFTs offer more than just appealing artwork.
Real Utility
Non-fungible Tokens (NFTs) as a speculative asset took the crypto industry by storm during the bull run of 2021. Every week, new NFT collections were released, with many focusing their marketing efforts on the subject of value. Some NFTs rose to exorbitant prices during the peak of the market cycle, stirring up even further interest from the community.
With this sudden rise to popularity came a lot of questions and concerns. In particular, many critics questioned what utility NFTs actually brought to the industry. Sentiment began to shift, with more users questioning why shabbily-designed JPGs were worth so much. Many collections simply gave NFT owners a link to where the NFT was hosted and offered no additional benefits besides speculative value.
However, NFTs offer the potential for real utility in a way that even cryptocurrency can’t match - and BSC News recognized an opportunity to leverage the technology in a way not yet seen in the industry.
“I believe the BSC News NFT is the first step in expanding our presence beyond the traditional content model and provides us a unique opportunity to continually drive value to the entire BNB Chain Ecosystem,” Ben Antes, the CFO of BSC News, stated in an exclusive chat.
How the BSC News NFT Flips the Narrative
First off, it’s important to understand what exactly the BSC News NFT offers in terms of utility. Holders of the NFT are granted Premium access to BSC News and its associated content. This includes newsletters, market digests, project recommendations, and access to the BSC News land in the Everdome metaverse. This is made possible by non-fungibility - you must own an official BSC News NFT to have Premium access, and there is no way to mint additional memberships through third parties. If you are unfamiliar with what NFTs are, check out our Cryptonomics guide on NFTs.
Partner Perks
The Premium content alone offers significant utility for holders, but it is limited to BSC News educational news and content - which is already a welcome bonus. However, BSC News wasn’t satisfied with only offering extra content for the community - we added perks from a slew of top-tier BNB Chain projects as well.
The goal of adding these perks was to drive users to engage more with BNB Chain. These perks are all unique to the partnering projects; for example, in partnership with RichQuack, NFT holders will receive an extra 5% token allocations when participating in IDOs on the RichQuack launchpad. BSC News NFT perks don’t just benefit the holders, they benefit the entire BNB Chain ecosystem by incentivizing users to engage with new platforms.
Not Just a JPEG
Summing things up, the BSC News NFT leverages non-fungibility to serve as an all-in-one premium pass to real utility. Whether it’s educational and entertaining content, exclusive access to metaverse land, token allocation bonuses, or any of our other extensive perks, holders can use the BSC News NFT for far more than just speculative value and status.
Are you interested in these perks and bonuses? Check out the BSC News NFT Twitter, Discord, and website to learn more about the NFT and its benefits.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News
Binance Executive Tigran Gambaryan Sues Nigeria's NSA and EFCC
The lawsuit reflects escalating tensions amidst allegations of innocence and regulatory scrutiny surrounding Binance Nigeria's alleged involvement in illicit financial activities.
The detained executive of Binance, Mr. Tigran Gambaryan, has taken legal action against Nigeria's National Security Adviser (NSA) Nuhu Ribadu, and the Economic and Financial Crimes Commission (EFCC).
Gambaryan, along with the firm's Africa Regional Manager, Mr. Nadeem Anjarwalla, filed a fundamental human rights violation suit amidst ongoing legal turmoil.
Gambaryan's legal challenge, initiated alongside his lawyer Mr. Olujoke Aliyu, aims to address his prolonged detention by the federal government. The suit, presented before Justice Inyang Ekwo of the Federal High Court in Abuja, challenges the legality of Gambaryan's continued confinement and the seizure of his international travel passport.
Gambaryan, a US citizen overseeing financial crime compliance at Binance, contends that his detention and passport seizure violates Section 35 (1) and (4) of Nigeria's 1999 Constitution. His legal team seeks various reliefs, including his release from custody, the return of his passport, a public apology from the NSA and EFCC, and an injunction against future investigations.
Allegations of Innocence Amidst Legal Turmoil
Gambaryan and his colleague's legal representatives maintain their innocence, claiming that the arrests occurred during discussions with Nigerian authorities regarding legal conflicts involving Binance.
In a dramatic turn of events, Binance's African regional manager, Nadeem Anjarwalla, recently fled Nigerian custody. Anjarwalla's escape follows mounting tensions surrounding the Nigerian authorities' investigation into alleged illicit financial activities involving Binance Nigeria, totaling a staggering $26 billion.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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