Gold-backed NFTs can bring old valuations to the digital world,

Gold-backed NFTs can bring old valuations to the digital world,

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Non-fungible tokens (NFTs) have taken the financial world by storm and there has been a digital gold rush in the NFT space.

A little over a year ago, NFTs weren’t really considered an asset, they were just fun collectibles that leveraged new, exciting blockchain technology. Status symbols for celebrities and sports stars to flex their investing muscles. Today, however, NFTs are the most popular crypto trend of the last 12 months.

But are NFTs worth the money – or the hype? Some pundits say they’re a bubble about to burst, like the dot-com craze. Others believe NFTs are here to stay and will change investing forever.

Bring value to investors by linking gold to their NFTs

Because of their tokenization gold backed NFTs have high liquidity. This is based on gold of equivalent value being held in a secure vault to safeguard its digital value. The owner can request the supporting gold asset at any time during ownership, after which the NFT will no longer exist on the platform.

Additionally, one of the main issues with investing in gold is securing and transferring ownership. Handing over a block of gold to a buyer is a complicated process — especially when they’re not around. Logistics has often made it difficult to manage safely and securely.

With the NFT layer on gold investment, all that changes. Now all that is required to transfer ownership to another user is to sell the NFT. The gold remains in a certain safe place, but the rights and benefits of ownership can change hands immediately.

Join the Gold & Silver Standard – and make it happen in the digital world

Obviously, unlike gold, NFTs aren’t really anything tangible.

However, as reported in Business Insider, a senior precious metals trader says gold-linked NFTs could be the future, especially for crypto enthusiasts/investors looking for safety in supervolatile markets. And in this area, gold and silver standard NFTs are currently the number one and most trusted choice…


Read full story here https://www.digitaljournal.com/pr/gold-backed-nfts-can-bring-old-valuation-into-the-digital-world-according-to-gold-silver-standard

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