Circularity | Blockchain & Energy
  • 🟢Circularity: An Overview
  • 1.1 Introduction
  • 1.2 Mission and Goals
  • ⚠️Key Challenge 1 - The Clean Energy Problem and Carbon Offset Conundrum
  • ⚠️Key Challenge 2 - Successfully Addressing Blockchain Technology's Climate Concerns
  • 💡Summary - What is Circularity?
  • 🛣️Project Roadmap
  • Circularity Solutions
    • 💸Products and Revenue Model
      • 🪙Circularity Token - $CRTY
      • 📊$CRTY Tokenomics
      • 💎Circularity NFT Collections
        • Why is Circularity Using NFTs?
      • ☢️Limited-Time PsyEco Collection
      • 📝Circularity Ownership Collection
      • ℹ️$CRTY and NFT Rewards Explained
    • ⚡Clean Energy Investment, Research and Development (DAO)
  • Project Fundamentals
    • Carbon Capture, Storage and Utilization
    • Carbon Sequestration
    • Clean Hydrogen
    • Green Blockchain
  • Remarkable Projects
    • Carbon Capture
    • Green Hydrogen
    • Social Impact and Environmentalism DAOs
  • Extras
    • Conclusion - Moving Forward to Solve Climate Change with Clean CO₂ and H₂
    • References
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  1. Circularity Solutions
  2. Products and Revenue Model
  3. Circularity NFT Collections

Why is Circularity Using NFTs?

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Last updated 2 years ago

Why indeed... Despite a situation of immense volatility in the NFT market in 2022 and all of the bad press that this blockchain asset has received over the past 2 years, at least, NFTs hold an incredible potential at the industrial and scientific level that has still not been explored.

This isn’t even considering the fact that massive companies – including music labels, sports brands, airlines and food corporations – have made use of NFTs for marketing purposes; we are talking of the ability to use NFTs as contracts for real estate and automobile renting and sales; integrating them into supply chain and healthcare databases for quick and universal access to a supplier or patient’s information and requirements; and even as proprietary chemical molecules that have been synthesized for a specific client and minted as an NFT, with said client (the owner) being able to hold or transfer their NFT as seen fit.

NFTs are more than just “monkey art” and “pixel punks” that we have seen since 2015; they represent the ability to tokenize unique ownership assets or contracts and transfer them with ease by using the blockchain. As the blockchain matures – and the market, of course – they will not fade away (as many anti-crypto individuals argue) but will instead gain more relevance than ever.

Because of this, Circularity is bullish on this next generation of NFTs – – that will hold an important role in industrial blockchain applications.

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NFT 2.0