This is a sponsored story. Its content does not constitute financial advice. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice.
DecimalChain has been in the cryptocurrency market for only one year, but over time it already developed and launched a number of innovative products that helped the project get to the level of major blockchain firms.
One of these products is easy to use non-fungible-token (NFT) creation. As the blockchain space grew over the years, no one is nowadays surprised by digitized securities or tokens in our world. Without realizing it, we’ve surrounded ourselves with subjects of the digital world and stored our favorite photos and videos in the cloud.
We trade digital gaming items that, in reality, do not belong to us. Sometimes we learn too late that these precious memories and items we worked hard for can be taken away from us by a central entity. NFTs are tokens that represent these digital goods on the immutable blockchain, and as such who truly owns them can be verified.
Anyone who owns a valuable physical item usually has all sorts of evidence proving they own it. NFTs prove ownership in the digital realm. Artists, musicians, and other creators often face challenges creating their own NFTs, so they are left out of this booming industry.
Attempts to use existing online platforms can lead to frustrating experiences that do not satisfy users’ needs. On top of that, creators would love to keep on creating instead of spending time trying to understand and master the complex technology behind NFTs.
Modern Russian artist, Stanislav Dasyukevich, shared his experience on creating his first NFT:
"Artists never enjoyed dealing with bureaucracy. With the advent of technology, it seemed that everything would become easier, but when creating my first NFT, I had to spend 2 days and more than 10 thousand rubles on all the fees in Ethereum. By the way, the first NFT-picture was never sold.”
Dasyukevich added: “It was very difficult to deal with a new tool, especially with highly specialized English terms. Even though know English, I wanted to quit this venture several times. The second is, of course, about the fees.
Young talented authors simply cannot afford to make an NFT due to high fees. Personally, if I hadn't found DecimalChain, I would have returned to digital art much later. Its tool being in Russian and its simple interface resolved all the difficulties of creation, and I spent no more than 2 000 rubles on DecimalChain fees".
Today Stanislav Dasyukevich, together with photographer Anastasia Podchipaeva, are presenting the “Crisis Design” exhibition in Moscow. One of the main items of the exhibition is a work created on the DecimalChain blockchain.
The picture and its description can be viewed on the blockchain via this link. The starting price of the painting is 1 million rubles.
DecimalChain is a public blockchain that combines many innovative solutions, including a crypto constructor. The process of creating a token involves the use of an intuitive interface and comprises simple steps: applying the decentralized wallet, filling in a form indicating the parameters of your token (such as the name, total number, and reserve in DEL).
The reserve in the base coin of DecimalChain makes it possible to quickly resolve issues with the liquidity of tokens and their further implementation in business processes. Similarly, NFTs are created on the DecimalChain blockchain, making it easier for users to enter the world of digital assets and tokenized art. Users can expect that their pieces of art will have value at the moment of their launch since the issued NFTs are supported by the DEL token.
DecimalChain closely follows all market trends corresponding to the business needs for tokenization. Therefore, the point is not only to tell the world about talented artists, but also to provide entrepreneurs with the opportunity to implement their business plans.
DecimalChain has become the parent blockchain for the token creation projects of 20 teams, including the creation of NFTs for the issuance of diplomas in an online educational institution.
NFT Certificates and diplomas on the DecimalChain blockchain have two levels of protection.
With such diplomas, graduates can be certain that there is no risk of loss, and they will always be able to confirm their authenticity at any time. Such diplomas will not "gather dust on the shelf", but will be really useful for graduates. They can be bonded in order to mine DEL.
“Students show much more willing to attend classes and do their homework because this is also one of the implementations of NFT somewhere else apart from the art sphere, so there is a high chance that it can also be effectively sold as an exhibit”, Vladimir Alexandrov, co-founder of the trading school.
In collaboration with the Saint Vandals artist, the Legion Group team created a collection of NFT clothes on the DecimalChain blockchain.
“Now you can get a unique print in a digital form you can apply to any clothes. In addition, the buyer of NFT-merch receives cashback from the purchase in the form of 100 DEL reserve which is included in the total token reserve,” said Konstantin Medvedev, author of the project.