NFT Salsa collectibles are exploding, but are they a bubble waiting to burst, or a revolution waiting to explode?
Unique items have long attracted collectors from the crypto valley, who are willing to pay a lot of money to get them. Paintings, clothing, houses, and even entire movie series can now be purchased conveniently and safely. Now these items are moving into the digital sphere thanks to the use of blockchain technology.
These items are now represented on the Binance Smart Chain as “unique” digital assets, known as non-fungible tokens. The use of blockchain technology means that authenticity and ownership are easy to verify, especially in a world where scarcity plays a vital role in valuing an asset.
What are the Salsa NFT trading cards?
The Salsa NFT trading cards are the virtual representations of their background underlying asset. When presented in the blockchain, these cards receive immutability and public verification of ownership. Even if the physical version is lost or destroyed, Salsa NFT will exist and live in the blockchain as long as the latest exists.
Residents of Crypto Valley have created a virtual representation of Salsa memes by creating a NFT-tokens in the Binance Smart Chain. These tokens are non-fungible and contain metadata about the map, especially its image. They can be stored, viewed, and transferred via an NFT-enabled wallet.
There are many platforms where people can create, buy and sell these items. The Salsa Valley residents buy art at the JGN NFT Gallery, and from July 2021 at Binance NFT Gallery.
Salsa NFT Collectibles Grow as an Investment
Collectible cards, like works of art, are unique items, and their transfer to the digital sphere is growing at such a rate that collectibles as a whole are becoming an investment class. Even outside of cryptovalley, sales of trading cards are gaining momentum.
There are many examples of successful NFT collecting businesses, such as Salsa NFT. Thanks to the support of fans and crypto investors, the thoughtful marketing of the creators, the huge popularity of these cards is expected and, accordingly, an insane increase in their value.
True asset ownership is not all the benefits
Ultimately, the trading and collectible card industry has been around for a long time, but authentication and preservation models that assess their immaculate condition have become a burdensome factor. Blockchain technology can provide a solution to these problems. However, this changes the whole dynamics of the collectors’ market, given that the shortage of mint condition cards is the source of their value.
While some have made fortunes by participating in this nascent market, NFTs are highly risky.
Thus, it is not surprising that Salsa NFTs contain a valuable asset that can push the market further. Also, owning an NFT doesn’t automatically mean that a physical version of the map shouldn’t exist. As with Bitcoin, a physical version of the coin can exist and prove ownership in the wallet where the assets are stored.
Bitcoin and other cryptocurrencies have allowed people to be their own bank and own their personal money. NFT now does the same for other asset classes, but the use of Salsa NFT doesn’t end there. According to Don Jalapeño, CEO of SV Factory and a fan of Salsa NFT:
We are moving towards universal acceptance of FUN NFT, not just with tokenized digital art. We will soon be doing much more with our Salsa NFTs, for example, to all customers who bought our NFTs before July 19, 2021, we will give some Salsa Tokens that can be used for betting, paying for goods, authentication, and loyalty rewards