Collaboration Of NFT Technology With PiggyRide Certificates

Cryptocurrencies, utility tokens, security tokens, and privacy tokens are all essential digital assets and their classifications are multiplying to a great extent. Apart from multiplying, their classifications are also evolving alongside cryptographic and blockchain technologies. NFT is also an essential digital asset.

What is an NFT?

NFT is also known as Non-Fungible Assets can be defined as a valuable digital asset that represents internet collectibles such as art, music, and all types of creative creations, with an authentic certificate that is created with the help of blockchain technology that underlies Cryptocurrency. Whether it’s a house, or a unique painting such as the famous Mona Lisa, which is one of its kind.

You can easily take a picture of the painting on your mobile phone or buy a printout but there will only be 1 original painting. This is where an NFT will come to your immediate rescue. NFTs are “one-of-a-kind” assets and their importance in the digital world cannot be underestimated. You can treat these valuable digital tokens as a certificate of ownership for your virtual creative assets. Therefore, NFTs are one of the fastest-growing sectors in the crypto-industry.

Though NFTs have been in existence since 2014, they are gaining popularity now because they are becoming an easy medium of not only buying and selling digital assets but also protecting and safeguarding ownership rights.

Now, you must be wondering how an NFT works? Let’s take a look at the working of an NFT.

How Does an NFT Work?

Today, with the advancement of technology it is very easy for hackers to steal anyone’s work and publish it under their name. However, to protect your assets, an NFT will completely change your life. We all know that traditional and modern style paintings are not only valuable but also one of a kind. To avoid the duplication of your artwork, it becomes imperative to get your artwork tokenized.

With NFTs, creative work can be “tokenized” and you will get a digital certificate of ownership that can be easily bought and sold. As a result of all this, the records cannot be forged by anyone because the track record is maintained by thousands of computers all around the world. Ownership of the assets is managed using the unique ID and metadata that no other token can copy. They are minted with the help of smart contracts that are responsible for assigning and managing the transferable rights of the NFTs.

NFT Certification by PiggyRide

PiggyRide has become India’s first Edtech venture in India to launch its certificates as NFTs. At PiggyRide, we value and appreciate the hard work of each student who has been associated with our interactive platform. Hence, to recognize their sincere efforts and hard-work PiggyRide has started giving them a token of appreciation in terms of a certificate. As we continue to create and build a platform for all the students, teachers, and parents, PiggyRide has taken the initiative to launch its certificates as NFTs. Don’t you think NFT’s can be a unique gift for your loved ones? Well, you can sell your NFT certificate or gift to your loved one. Being the owner of a piece of authentic code in a blockchain has shown to be extremely valuable.

You can hold a bid on your NFT, sell the unique digital asset for what the market is willing to pay. Investing in NFTs for resale value might produce substantial rewards. Some of the artworks have been resold in the past, and it resulted in huge profits. The same formula can be applied to our online classes. When kids enroll in our classes such as singing, art & craft, graphic design, or any other activity, what they’ll learn and create can be tokenized. You can own and digitally secure a piece of art or music created by your child.

Why Should You Buy NFTs from PiggyRide?

As we have already mentioned, an NFT can be anything that you can secure digitally right from your drawings, to music and whatnot. NFTs are specially designed to not only give you a sense of peace but also the security of your creations so that they cannot be copied or forged. At PiggyRide, the certificates are uniquely designed and generated. Once you own your NFT, it will also exist on the Ethereum blockchain. Ethereum Blockchain is a public ledger that is responsible for keeping a track record of all the transactions. By investing in your PiggyRide NFT certificate, you will also be able to give everlasting happiness to your loved ones. Mentioned below are some noteworthy factors that will make your investment in NFTs worthy

Takeaway

Technology has completely transformed the overall look of every sector be it medical or education, but it has equally made people vulnerable to online hacking. Therefore, to avoid such stressful situations, PiggyRide has come up with a concept of NFT certification. By investing in an NFT certificate, you will become the sole owner of your work and no one will be able to steal it or publish your work under their name. Hence, going forward we will advise you to invest in an NFT certificate so that you can keep your creative masterpiece safe and secure. Keep following PiggyRide for more information.