Agoracom Blog

A Note From Liquid Avatar $LQID CEO Regarding #NFT’s (Non-fungible token) $ $ $

Posted by AGORACOM-JC at 9:36 AM on Monday, March 8th, 2021

Good Morning.

With the recent interest in NFTs, we’re starting to receive a lot of questions and I wanted to provide our stakeholders with a quick note, as the Company continues to explore this fast-rising sector.

Liquid Avatar icons (the high-quality digital images that make up your “avatar”) started their journey as potential NFTs (ERC 1155) and we continue to monitor the sector carefully. We believe that value of NFTs are real, and through the increased media attention the market is beginning to understand the value and power of the global blockchain movement beyond the trading and holding of Bitcoin, Ethereum and other fungible coins and tokens and how you can attach value to the blockchain.

This past weekend, there have been a number of great articles about the state of the NFT industry, including:

What’s an NFT?  And why are people suggently spending millions on them?  CBC News

Jack Dorsey: Bids reach $2.5m for Twitter co-founder’s first post

Soaring Prices for Enjin, FLOW and Rarible Reveal Risks of ‘NFT Marketplace’ Tokens

NFT artists who are making millions on their creations say the craze could permanently change the traditional art world

NFT Art is All About the Hype

The art market is uniquely suited to draw attention to ‘non fungible tokens’ and the technologies behind them

We have been all about the blockchain since before the inception of Liquid Avatar, and our firm is committed to continuing to find the best avenues to increase stakeholder value using this amazing technology. We believe that the future of NFTs and other blockchain value solutions, especially verifiable credentials and digital identity, are just at the beginning of their growth stage and that blockchain will be as important as the Internet itself.

We’re looking forward to being part of this next stage of evolution and potential value creation and encourage everyone to do their own due diligence and continue to ask questions.

Have an awesome day,

David Lucatch

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