What Happens When You Combine Blockchain and Digital Assets?

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In fine art, there are sophisticated authentication and appraisal houses that have for decades if not centuries specialized in identifying physical originals – but how do you do that for digital assets?

In the last decade, one revolution, in particular, has brought about significant disruption in the world of tech and some even dare to argue the impact is similar to when the world wide web was launched. The invention is Blockchain. A derivative thereof is now altering the world of digital assets: NFTs.

 

What gives blockchain its value?

Like traditional fiat currencies, cryptocurrencies based on blockchain technology do not hold any intrinsic value. Then why are some cryptocurrencies trading for thousands of dollars per coin? Their value lies in blockchain technology.

The decentralized system of blockchain technology provides immense value as it serves as a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems and thereby allows verification of transactions without the need of a third party.

The system of recording information in such a way makes it difficult or impossible to change, hack, or cheat. Put simply, blockchain technology makes peer-to-peer transactions much more convenient than the current system backed by banks.

Another reason why certain digital currencies are considered valuable is because of their hedge against inflation. While dollar values may begin to depreciate when money supply increases, the supply of Bitcoin, for example, remains at a stable 21 million, making it immune to traditional inflation risks.

 

What happens when you combine blockchain and digital assets?

Effectively you get NFTs, non-fungible tokens. These tokens are unique, one-of-a-kind assets that are verified and recorded on the blockchain ledger. They can be acquired, resold, and change ownership as they are traded on various platforms.

Anyone can make a copy of the digital asset, but there can only be one owner.

Dr. Mehran Zarrebini, Co-Head of M2Bio Blockchain Research and Technology Group, will explore these digital assets, their fungibility, and the role they play in the digital infrastructure in greater depth in a webinar Wednesday, 28 July 2021.

The company M2Bio Sciences, Inc. (OTC: $WUHN), is making significant progress in advancing sustainable and biodegradable materials and has in a pilot project deployed the technology to manufacture 10 unique surfboards. The psychedelic-inspired surfboard designs are auctioned as NFTs on the OpenSea platform, where the successful bidder will receive both the physical and digital assets. In addition, the Lesotho Government has endorsed the M2Bio Sciences Blockchain initiatives.

This webinar is a must-attend for all. Blockchain is a colossal game-changer.

> Sign up here now and reserve your seat <

 

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Luka Marjanovic

Partner

Luka holds a Bachelor’s in International Business and a Master’s in International Management. He worked as a research assistant in the field of Big Data; founded his own consulting firm providing services to local SME's in various sectors and invested in the capital markets; as well as working pro-bono providing education and career counselling. Prior to his business education, he studied Biology-and-Biotechnology, and served in the Danish Royal Army as Second Sergeant, leading and managing a group under extreme conditions and pressure. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding, or out in the forest for a jog.