Volker Hartzsch is the director and co-founder of BlockPrime, an organisation established with the goal of delivering B2B blockchain and web3 technology to non-tech people to help them solve real problems. BlockPrime enables the clients it works with to create applications or take advantage of this new technology. This article will look at Sixth Society and how it helps users to access NFTs.
A ‘non-fungible token’ (NFT) is a cryptographic asset that exist on a blockchain, each with its own unique identification code and metadata distinguishing it from other NFTs. Unlike cryptocurrencies, NFTs cannot be exchanged at equivalency or traded.
NFTs are useful in a variety of different scenarios. For example, they are an optimum vehicle to digitally represent physical assets such as artwork and real estate. Since they are based on blockchains, NFTs eliminate the need for intermediaries, simplifying transactions and facilitating the creation of new markets.
Much of the today’s NFT market has evolved around collectible assets, such as rarities like sports cards and digital artwork. Perhaps the most well-publicised space is NBA Top Shot, a place where participants can collect non-fungible tokenised NBA moments in the form of a digital card, some of which have sold for millions of dollars. Recently, Jack Dorsey of Twitter (TWTR) tweeted a link to a tokenised version of the platform’s first ever tweet. The NFT version sold for a staggering $2.9 million.
NFTs shift the cryptocurrency paradigm by making each and every token unique and irreplaceable. It is therefore impossible for two NFTs to be equal. Due to each token’s unique non-transferable identity, they have been likened to digital passports. They are also extensible, i.e. it is possible to combine two NFTs to create a third, unique NFT.
Sixth Society is a community of daring investors and entrepreneurs seeking to pioneer the crypto-web3 industry of the future. The platform provides members with access to next-generation technology before the general public, enabling members to access investment opportunities and providing benefits to the many – not just the privileged few.
Built for non-tech people, Sixth Society does not rely on middlemen or hard-to-use technology. Every member receives an NFT master key, enabling them to access:
- Physical events without purchasing tickets
- Online conferences without reserving.
- Digital content without subscription
They can keep these NFTs, collect them or sell them as they choose.
Sixth Society provides next-generation community building and affiliation, enabling members to invite their network to join their tribe with just a single tap on their smartphone screen – no code required. While other platforms build communities, Sixth Society is building tribes with a strong sense of culture, inspiring its members to be part of something bigger than themselves.