As New Technologies Aim to be More Transparent, The Watchers NFT Project is at the Forefront
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
New technologies have been steadily appearing over the past decade, particularly as the world moves to become fully digitized. Non-fungible tokens, or NFTs, are one of the most prominent technologies to come onto the scene as of late. NFTs represent any unique digital asset on a blockchain, and they have provided a new medium for artists and creators all over the world.
The first NFT was created in May 0f 2014, however, many people still have a difficult time understanding just what an NFT is. The phenomenon is new, but it is already a deep component of the art world. The entire market skyrocketed to a valuation of 21 billion U.S. dollars globally in 2021, and the industry is continuing to grow.
Unfortunately, with new innovations in society comes people that are looking to take advantage of those who may be less knowledgeable. That is why the Watchers NFT project is working to empower others by educating newcomers and protecting users from scam artists. Watchers was founded by five-time Oscar-winning Art Director Luis Labrador and Head Artist Shaarif Nazir, and the company possesses equal parts innovative design with moral intent.
The Watchers team has put together a set of characters that look similar to superheroes, something that will intrigue people from various demographics. The company’s forward-thinking leadership crew plans to integrate a DAO, or decentralized autonomous organization, into its operations, which will allow Watchers NFT owners to vote on which bluechip NFT projects and which non-NFT companies to invest in. The Watchers NFT owners will also benefit from advice from the accomplished core DAO team. This will also help the company form valuable partnerships both internally and outside of the Web-3 infrastructure. Additionally, the DAO will be funded by 10 percent of the mint revenue, and each NFT will own a portion of the DAO which can be cashed out every six months.
The Watchers DAO will give votes to those in its community in conjunction with their level of NFT ownership. One other creative component of the Watchers project is to develop a new approach to social media with knowledge taken from different apps such as Reddit, Discord and Twitter. The plan is to create a platform that is built distinctively for the wants and needs of the NFT community.
The platform would be open to the public, however, Watchers NFT owners would be the only verified users. This new social network would be built on the concepts of innovation and collaboration. While the new platform will primarily be based on NFTs and cryptocurrency, more Web-3 components will be added in the future.
In addition to the many other projects that the Watchers team is working on, they also intend to make merchandise for their NFT holders. The products will be minted as actual NFTs, providing an innovative take on traditional company merchandise. Watchers users will be able to represent their NFT in real life, while earning value at the same time.
As the Watchers project continues to grow and evolve, keep an eye on everything the team is working on here.
This article is provided for informational purposes only and should not be interpreted as investment advice. All investments involve risk of loss. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.”
