Is Komodo dragon NFT really worth it?
Is Komodo dragon NFT really worth it?
Are you familiar with komodo dragon NFT? Whether you have just stepped into this fast-growing world of NFT or have been in this business for a while, you surely know that attractive NFT opportunities appear every day that you must not miss.
One such is the komodo dragon NFT, for which many enthusiasts are wondering if it is worth investing in it at all? Does it make sense to invest in Non-Fungible Tokens, and what do they essentially represent?
In the last few years, one of the topics that have come to the public’s attention is the famous NFTs, i.e. Non-Fungible Tokens. There is almost no crypto or tech enthusiast who has not thought of minting his NFT or at least investing in one.
To thoroughly explain all this to you, before we give you detailed information regarding the komodo dragon NFT, let’s see the original meaning of NFT, shall we?
Non-Fungible Token is briefly explained.
The Non-Fungible Token, or NFT as it is better known to the general public, represents a non-interchangeable unit of data. That data is stored on Blockchain technology, the most famous digital ledger. NFTs are digital assets such as photos, videos, audio, tweets, memes, and gifs.
However, nowadays, almost anything digital and even physical can be in the form of a non-fungible token. Even though NFTs are known to have a lot of similarities with cryptocurrencies, they differ from them because cryptos are fungible.
Proof of ownership and a public certificate of authenticity
It’s essential to understand that proponents of non-fungible tokens claim that NFTs provide proof of ownership or a public certificate of authenticity. Nonetheless, legal rights conveyed by a non-fungible token are still uncertain.
There is no inherent legal meaning regarding the ownership of an NFT. It doesn’t guarantee intellectual property rights, copyright, or other legal rights associated with a particular digital file. Keep in mind that a non-fungible token doesn’t restrict copying or even sharing its associated digital file, plus it doesn’t prevent the development of identical NFT files.
So, what about komodo dragon NFT? Let’s get to this particular non-fungible Token and give you all the essential information!
Get to know Komodo Dragon NFT
So, now that you’re aware of the NFT meaning, let’s get to know all about the popular Komodo Dragon NFT that you may consider for your collection. Komodo Dragon NFT represents a collection of 4848 NFTs minted on December 18, 2021, at the price of 0.78 SOL. They are stored on Solana blockchain technology.
It includes 4848 unique and hand-drawn NFT digital identities that provide people with a chance to get various perks such as:
- Community support
- Contests
- Monthly dividends
- Raffles
- Anti-dump price
- Winning a trip
- Opportunity for passive income from real-world businesses.
The main goal behind the Komodo Dragon NFT is to become a solid and robust NFT community and significantly impact society.
Current Komodo Dragon NFT Statistics
- Supply: 4.848
- Mint Price: 0.78 SOL
- Mint Date: December 18, 2021
What is the impact of Komodo Dragon NFT?
Komodo Dragon NFT is a “groundbreaking NFT collection” that is predestined to make history with the launch of their hand-drawn, authentic NFTs on the Solana Blockchain technology. The creators’ goal for this collection is to challenge the status quo in the global NFT market by becoming Solana’s first-ever Non-Fungible Token collection.
The collection on the Solana blockchain will provide a hospitality business for their entire community. What this project offers to the public is a fantastic blend of all in one, such as a digital art collection of fabulous, authentic, hand-drawn NFTs that are assembled by code.
Keep in mind that this NFT project featuring the Komodo Dragon NFT is different from its main idea. It supports biodiversity conservation, and it also gives back to the community.
The first NFT in Solana to create a hospitality business
As mentioned above, Komodo Dragon NFT has become the first-ever NFT in Solana blockchain technology to develop a hospitality business.
Remember, the global market of NFT has exploded recently, growing to become one of the biggest markets in a short time, worth billions of dollars. According to its significant development in recent years, the NFT industry attracted much attention from enthusiastic individuals and numerous institutions from different industries.
But, somehow, until quite recently, there hasn’t been an NFT collection or a project to address the concerns of numerous stakeholders regarding the hospitality business. So, the development team behind the Komodo Dragon NFT have set a goal to change this entire narrative, focusing on biodiversity.
A community-driven project that makes the world a better place
Komodo Dragon NFT is a community-driven project created to make the world a better place. The whole point behind this NFT project was to create something tangible for the community in Solana’s NFT world.
The majority of the minting process will be used to build the Komodo headquarters and the Komodo’s liars. Members of the project will receive numerous awards, including a co-ownership of both structures.
Besides all that, members will receive the following:
- A 50% royalty from the sale of non-fungible tokens on the secondary market
- Dividend wallet for the minters
- Complimentary stay for individuals using the $Dragon Token.
Is it worth investing in Komodo Dragon NFT?
What many crypto enthusiasts around the world are interested in is whether it is worth investing in Komodo Dragon NFT at all? Does it make sense to invest in NFT in the first place?
We know that NFTs are non-fungible tokens, referring to non-interchangeable units of data stored on Blockchain technology. Even though they brought up many benefits, such as eliminating third parties, intermediates, or agents when it comes to buying and selling NFTs directly from their owners, there are some legal issues.
License and ownership rights are threshold issues with Non-Fungible Tokens. Usually, buyers own tokens. However, they could only receive a license to the asset represented by the Token. In most cases, the asset creator retains copyright in the asset.
Invest in Komodo Dragon NFT as a passionate collector
If you’re eager to find out is it worth investing in Komodo Dragon NFT, you’ll need to make sure you’re a big fan of owning original copies of a digital file that you enjoy and want to support the first-ever NFT project on Solana blockchain, and that you’re keen in owning a unique and hand-drawn piece of this authentic NFT.
Nonetheless, if you wish to make huge profits from this particular NFT, we don’t advise you to invest your time or money in this particular NFT project since you may get disappointed. Remember that the main agenda behind the Komodo Dragon NFT is to build a solid community and to make the entire planet a better place with their unique works of art!
So, if you wish to invest in Komodo Dragon NFT, do it because you’re a passionate collector who supports unique art pieces, not as a businessman. It doesn’t mean that you may not earn some profits from this NFT. Everything seems to be possible with this fantastic non-fungible token thing!
What is happening with Komodo Dragon NFT?
It seems that fans of unique and hand-drawn works of art love this unusual project at Solana. Many enthusiasts would like to know more about investing in this project. However, what is also a question is what has been happening with Komodo Dragon NFT lately?
According to their official Twitter account, here is what we could expect from the development team behind this project:
On April 18, 2022, “KomodoDragonz”, the official Twitter account of the project, stated that they are still here with 888 Supply that is locked chiefly up with Diamond Hands. The $GNAR Token was minted and “ready for airdrops again”.
They called the whole community to join them, reviving the once 5+ SOL project. As they wrote in the tweet, it was the chance for their supporters to build something unique and fun! So, we can see that they announced that they are still here, waiting patiently on their Solana blockchain for enthusiastic devotees to, once again, become a massive part of their NFT journey.
However, what is going to be is still uncertain. The Komodo Dragon NFT seems to be on hold for an unknown period, and we cannot wait to hear more news from their creators, hoping that they will provide us with something much more unique, exciting and worth investing in!
How to mint your NFT?
If this story inspired you to mint your own NFT, but you still aren’t sure how to do so, we have provided you with a brief guide. Here are the essential steps to minting your very-first NFT:
- You need to open a crypto wallet and then connect it directly to the NFT marketplace to get started.
- It’s time to create your first item by uploading a digital file and naming it.
- Ensure your wallet is funded with cryptocurrency, such as Ethereum.
- Once you’ve funded your wallet, it is time to list your NFT for sale on the open marketplace.
- Manage your NFT business by engaging with potential customers and other individuals who may help your NFT get in the spotlight and be sold. Good luck with your first NFT!
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