NFT - Avalanche Blockchain and Minting 10K Sharks NFT's on AvaSharks.io!!!!

in LeoFinance2 years ago

Hello Friends,


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NFT's or Non Fungible Tokens are making noise more than ever before and many Blockchains are coming up with their own NFT's.
I am not a big fan of NFT's as I am more of a blogger and gamer, but I got an opportunity to mint NFT using Avalanche Blockchain with https://www.avasharks.io being the website.
How I got over there?
Twitter, yes thru twitter, I got to know about the details of opportunities of minting 10K different shark NFT's and I just got curious and converted some of my other coins to AVA and transferred it to Metamask for a chance to mint the NFT using mint.avasharks.io

Cost of minting:


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As shown above, each of the NFT minting will cost an AVA which is trading around $90 right now and being my First NFT, I just wanted to try this out and I wasn't disappointed.
Now, I know some of you may say why to pay $90 for minting NFT? there comes the answer that, avasharks.io is different to other NFT minting sites.
The tagline on the avasharks.io says, the AvaSharks is a collection 10K sharks which have been protecting the ocean depths for more than 400 million years!!!

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What differentiates AvaSharks from other NFT's?

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As per the details shared in avasharks.io, for the First 3 months, 30% of the revenue will be transferred to Shark Vault and 50% of that is used for wagering, to cover marketing expenses, giveaways, maintenance etc with another 5% going out for charity.
The remaining amount will be shared with all founders and stakeholders. Now that is 30% of the total revenue. here is the interesting thing about remaining 70%, read on!!!

Revenue Sharing:

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Although it's not very clear whether it's full 100% or 70% (after the 30% mentioned above) which will be shared between NFT holders.
But, as per whitepaper, all the revenue for the First 3 months, will be shared back with NFT holders as Passive Income, now that makes it a totally different concept of NFT and that is not all, after initial 3 months, the revenue earned will be divided into 3 parts with each part having a share of 33% and one part is paid back to NFT holders as royalty for holding NFT's!!!
Isn't that is something we all love to have some extra income as passive income or royalty o whatever we call?
The question though there, will be how much amount a person will be earning with just countable NFT's held? We have to wait and check this to see the passive income earned.
Here I go with a screenshot of those cute NFT's captured and yes, they looks different, each one of those are unique and lovable ones.
Check those below:


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Different weapons, different head cover, different body color and all makes those interesting ones. We can see the price these are being put for sold on marketplace on kalao.io, the website which is used as an exchange for trading these NFT's.

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That's the NFT I minted as part of the 1 AVAX i used for minting this with a little gas fee which wasn't much and people are already selling the Sharks they minted and some have even sold those for as much as 50 AVAX with returns in 50 fold!!!!
I still feel we have to hold those and wait and see about the passive income and then decide about selling.
The main reason I jumped into this is to see about the passive income, so, it will be still waiting period.
Thanks as always for your comments and support, I hope you are having a great Monday and wishing you all a good week ahead :)

Thanks and Have a good day :)

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Oh well, I also love passing income opportunities, I believe this is the pattern most NFTs will take in the future. Incentivize the holding by offering some sort of rewards to holders.

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