What are NFTs
NFTs (non-fungible tokens) are cryptographic properties on the blockchain with unique identification codes and types of data that differentiate them from one another. They can't be traded or exchanged for equivalency, unlike cryptocurrencies. This is in contrast to fungible tokens, such as cryptocurrencies, which are closely similar to one another and hence can be used as a means of exchange. NFTs are one-of-a-kind cryptographic tokens that can't be duplicated on a blockchain. Real-world goods such as artwork and real estate can be represented with NFTs. These tangible goods can be “tokenized” to make them more efficient to buy, sell, and trade while also lowering the risk of fraud. NFTs can be used to represent people's identities, property rights, and other things.
NFT Kings Is Selling Their Last 4000 NFT Kings Passes
NFT Kings (a collection of 5000 unique Kings Crown Passes created by DexTech) will be able to open a door of riches and fortune to a select few people (5000 investors or less) as a result of their actions. They approved the sale of the last 4000 Kings Crown Pass NFTs. The price of a pass on Mint ranges from 0.45 ETH to 1 ETH. The higher a Pass holder's standing in the ecosystem, the more Passes he or she owns. This concept aimed to enable early access to new NFT projects through pre-sales and pre-mints.
Owners of these NFTs will have entry to the NFT Kings Discord server on a first-come, first-serve basis. This is a forum for disseminating unparalleled, well-researched, and potentially lucrative knowledge. At the time of writing, the Kings (the platform's highest-ranking members) have utilized a significant portion of the cash gained from the sale of Crown Passes to establish a King's Chest and a decentralized autonomous organization [DAO]. NFT Kings will provide investors with a window of opportunity by selling these value-added Crown Pass NFTs. This will ensure massive profits whether you keep it or sell it for a profit.
Creation of the King's Chest and its significance
The kings used a big percentage of Crown Pass purchases to create the king's chest. The King's Chest will be home to Meebits, Punks, BAYC Apes, Vee Friends, and a slew of additional characters, according to the development team. While the minimum proportion given for the establishment of the King's Chest had been 50%, these high-ranking members, in collaboration with the NFT Kings team, have increased it to 80%. The King's Chest will pay dividends to holders of the Kings Crown Pass NFTs. The percentage received, however, is solely dependent on the quantity of Crown Pass NFTs owned. King's Men and Women are free to purchase as many NFTs as they choose, increasing their part of King's Chest's bunce. NFT Kings wants to increase the amount of money available to members of its private Discord server.
NFT Kings adopts the Trinity Growth Technique. By joining this organization, each member has to agree that they will acquire NFTs in sets of three for any project approved by the Crown. (A member is allowed to purchase as many sets as they want). To repay the expenditures of the three NFTs, each member of their group of three will sell one of them. Each member will choose whether to sell their second NFT in profit and keep or sell their third NFT. All NFT Kings will continue to accumulate wealth and riches by employing this simple but incredibly powerful Regal approach. As for tithing, the King's Chest will store 10% of all cash generated from the sale of the NFT Kings Crown Pass. The Crown Chest will gain greater wealth and riches as a result of the Royal Tithing.