Non Fungible Tokens are the hot cake of the crypto sector as the budding sector has witnessed massive amounts of sales. With the sale of Jack Dorsey’s first-ever tweet worth $2 million, the highest so far has been the sale of the digital art worth $69 million. With this, it shows that the cash flowing through the sector has just started.
This has also shown that people are now seeing these tokens as a must-have, meaning that the scrambling for the assets is just beginning. While the digital arts are considered priceless, the owners cannot showcase their acquisition in real-world settings.
Framed NFTs sell for about $1500
While analysts have pointed out that the buyers can see their acquisitions digitally through their computers, most of them have argued if the tokens are ideally worth the amount paid for them. To further boost people’s belief in the non-fungible tokens, a crypto start-up, Qonos, has announced that it would debut a way to help the holders of NFTs.
The real idea behind the proposition of Qonos is that the firm would make the respective NFTs into pictures that can be framed and hung on the wall. Not only that, the firm has said that holders could go all the way to show their arts at public functions and exhibitions. Also, the firm has said that it has a way to enable audio for NFTs that require audios.
Giving their latest review, Qonos has mentioned that the first few framed NFTs that it made were sold out in hours. Presently, the firm has accumulated nothing less than $2 million by selling the NFTs for a range close to $1500.
Qonos modified a software developed by Framed
A deep dive into how the program was formed showed that the firm’s CEO birthed the idea some months ago. The CEO, Moe Levin, was one of the most instrumental figures that contributed to the launch of Ethereum. Levin has also been involved in so many workshop and conference that has to do with Bitcoin since he entered the space in 2013. He said that he was perturbed when he saw that his friends were always purchasing NFTs, and at the end of the day, they could not see it physically.
Even though some of them saw it on their laptops, others could only view a copy of it on their television. He pointed out that the first idea that struck him was building a small computer that could access the internet and view the art. Seeing that the move was too technical, he eventually hooked up with Framed, a firm that makes digital frames. To finally birth their software, Qonos took the Framed software and modified it to work for NFTs.