🔬What are the FunDeSci NFTs?
This section gives users an understanding of how NFTs are integrated into the platform's funding models and their significance beyond being just a funding mechanism.
Introduction to NFTs on FunDeSci
Non-Fungible Tokens (NFTs) are a cornerstone of the FunDeSci platform, acting as both a means of participation in funding and a unique digital asset that represents support for scientific endeavors. In our ecosystem, NFTs carry a dual significance: they are commemorative tokens for crowdfunders and assets for auction participants.
Minting NFTs
Minting an NFT on FunDeSci is an automated process tied to funding activities:
Crowdfunding Contributions: Each contribution to a crowdfunding project automatically initiates the minting of a commemorative NFT.
Auction Project Creation: When a project is created under the Fundraising Auction model, the project's NFT is minted ahead of the auction.
Buying and Selling NFTs
NFTs created on FunDeSci can be bought and sold, providing a secondary market and potential for appreciation:
Initial Acquisition: NFTs are initially acquired either through funding in the crowdfunding model or by winning an auction.
Secondary Market: Owners can sell their NFTs on the FunDeSci marketplace or other compatible secondary markets.
Royalties: Original project creators can receive royalties from secondary sales, providing ongoing funding for their research.
Understanding NFT Utility
NFTs on FunDeSci are not just digital collectibles; they represent a deeper connection to the scientific projects they are associated with. Holders can have pride in knowing they've contributed to the advancement of science. Additionally, NFTs might grant holders certain privileges such as access to project results, special updates, or direct communication with researchers.
Managing Your NFTs
Within your FunDeSci account, you will be able to:
View Your NFT Collection: See all the NFTs you have received or won through your contributions and bids.
Display and Share: Showcase your NFTs on your profile and share them on social media or other platforms.
Security and Authenticity
Every NFT on FunDeSci is a verifiable asset on the blockchain, ensuring its authenticity and security. Ownership is transparent and cannot be disputed thanks to the immutable record of the blockchain.
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