BE ON THE LOOKOUT FOR MOGUL’S NFT MARKETPLACE.
Mogul Productions is a decentralized film financing (DeFiFi) and (NFT) platform that brings together filmmakers, movie fans, and funders in one place to ensure that the finest films are created by giving everyone a voice. With the use of blockchain technology and a tokenized system, Mogul rewards involvement and encourages participation. Users may vote on, greenlight, and participate in crucial decision-making elements of production using the Mogul in-app payment and utility token (STARS).
What is a Non-Fungible Token (NFT)?
The non-fungible tokens (NFTs) are considered digital assets that hold unique characteristics. These tokens contain characteristics that distinguish them from others. Blockchain technology is used to verify the validity and digital scarcity of NFTs.
Fungible vs Non-Fungible Tokens
To grasp the distinction between fungible and non-fungible tokens, you must first understand what the phrases “fungible” and “non-fungible” mean.
Fungibility is an economic term that refers to the interchangeability of two goods. There are two of the same things. Fungible means that something may be exchanged for another of the same sort in an equal amount. One bitcoin, for example, is identical to another. Fungible items are those that can be used in a variety of ways. As a result, a fungible token is one that may be substituted for another.
Non-fungible refers to something that is really unique and one-of-a-kind, as opposed to fungible. Consider a priceless work of art like a Picasso or a Warhol. Each of these artworks is one-of-a-kind. Only one Mona Lisa will ever exist. A non-fungible token is one that has distinct characteristics that distinguish it from other tokens.
What is an NFT Marketplace?
NFT Marketplace is a platform for creators and collectors to mint, store, display and trade NFTs
The market capitalization of NFT has risen tenfold in the last two years, putting it at the top of the leaderboard in terms of high value. The NFT marketplace allows sellers to offer digital assets based on the needs of their consumers.
The NFT platform charges a much lower fee and ensures transparency.
What Makes Mogul NFT Marketplace Unique?
In terms of distinctions, Mogul will collaborate with a number of well-known personalities and projects as a result of its ties to Hollywood. As a result, they’ll have access to unique collections with a wide audience.
Furthermore, because Mogul uses the ERC1155 token standard, minting batches of NFTs for itself and the customers will be much less expensive than on other platforms. Limited edition, numbered runs are exempt from this rule. However, it will still save money for a large number of customers.
Mogul will also have access to things like movie scenes that can be turned into NFTs, celebrity endorsements (from the movie stars with whom they work), and so on.
Other Advantages to Look Out for in the NFT Marketplace
- There will be an aspect of the marketplace where fees on transfers are shared with STARS holders/stakers.
- It’ll Provides safe and secure transactions.
In the digital realm, the growth of the NFT marketplace is the current trendsetter. The market value of NFTs has not decreased and is still steady. Mid-September will see the debut of Mogul’s NFT marketplace.
About Mogul Productions
Mogul is a decentralized film financing platform that brings
creators, fans, and film financiers together; allowing everyone to play a part in the next big blockbuster.
For More Information about Mogul Productions:
Telegram Group: https://t.me/mogulproductions