Charged Particles: The Future of Programmable NFTs
I have always envisioned myself as someone who in the nearest future, would display my NFTs on my big TV screen as a form of entertainment when I have visitors. Yeah, that’s right. I will have a mini art gallery in my sitting room where I can fully display NFTs in all their glory to my friends.
We are at the beginning of the crypto adoption we have always discussed. I mean, world billionaires are talking about it, the common man on my street knows what Bitcoin is, and the total market capitalization of cryptocurrencies has recently crossed the 1 trillion dollar mark. We are also seeing unprecedented increase in the demand for NFTs; a special type of blockchain based tokens that is beginning to change the way we view arts and crafts in general whilst elevating our artistic experiences to a whole new dimension.
What are NFTs?
Straight off from Nonfungible.com, “Non-fungible tokens (or “NFT”s) are a special class of assets on the blockchain characterized by being unique and non-interchangeable with one another for equal value.
An NFT is different from a cryptocurrency in that it is defined by metadata that builds-in a role, function, and value that are unique to it. Specifically, a non-fungible token can be a video game asset, a work of art, a collectible card or image, or any other “unique” object stored and managed on a Blockchain.”
The popularity of NFTs is not unfounded. There is a reason an art collector will be willing to pay 69million dollars for an NFT auctioned at Christies’. And the reason is not just because they are rich. NFTs are a way of digitalizing something special to us; in ways that transcends physicality and commonness. They maybe tweets, quotes, movie clips, experiences recorded, writings, etc.
NFTs are more than the money being attached to them. Each NFT is unique. They are digital, meaning that there is no chance that someone might steal them or tamper with them. They are also minted specially on the blockchain where its details are saved and made public for everyone to see while still maintaining originality for the owner.
NFTs can also be charged; Charging is a way of adding more value to an already scarce NFT by loading it up with yield bearing assets, NFTs or just cryptocurrency tokens. This makes the NFT worth much more; and the NFT is now referred to as a charged particle.
Charged Particles is a protocol that allows you deposit tokens or another NFT into your NFT. And I tell you, this is new and different. Other projects come up with new solutions to existing problems, but Charged Particles is building on the existing experience of NFT users whose only wish is one thing- more value for their already existing NFTs.
With Charged Particles, you can now own NFTs that has its own wallets and it’s charged with other tokens. In the words of the community manager, Mango Dogwood you can have your portfolio in one NFT. This portfolio can then be used as a collateral for acquiring other assets on the blockchain.
The Charged Particle Protocol is showing that there is so much more you can do with an NFT than just being a scarce commodity. In a world where people are quick to call everything associated with cryptocurrencies a bubble, Charged Particles is working on making sure that there is more to an NFT than just being a unique piece of digital owned item.
You really can do more with your Charged Particle NFTs- You can have yield-bearing assets added to your NFTs just by depositing one token. You can withdraw the interests generated through the tokens whenever you want, or you can program it to be given to charity depending on the specifications you provide on your programming.
There is also the Time lock feature. You can decide to lock your tokens for a limited amount of time in your NFT and set a date/time for its release, whilst still earning yields on your tokens that are deposited into your charged particle NFT.
NFTs that are minted on the Charged Particle accelerator are standard Erc 721 NFTs, the type that can easily be sold on other NFT market places such as Opensea.io There is also a marketplace on the Charged Particle platform, where artists can buy and sell NFTs.
I should also mention Leptons; special NFTs on the Charged Particle protocol that gives their owners power to earn up to 5.1x in liquidity mining rewards. Once your lepton is deposited into your NFT, you become automatically qualified and boosted for rewards distributed during liquidity mining. You don’t need to own leptons to participate in Charged Particles liquidity mining; they just serve as a booster for rewards.
With Charged Particles, the possibilities of what you can achieve with NFTs becomes endless; Let’s take just one very concrete example; You have pictures of your adorable dog that you’d like to convert to an NFT. You can easily do this on the Charged Particle platform- charged.fi Let’s say you are new to cryptocurrency trading and do not want to get too involved with the volatility associated with trading. You can just buy DAI, a stable coin and deposit it on your new NFT-the one with the adorable Dog pictures. The DAI now earns you interests in your NFT. This interest can be withdrawn by you anytime you want, in a process known as discharge. You can also decide to resell this NFT, and configure the settings so that each time the NFT is resold, you get to take commissions in the resale. That’s not all, you can decide to dedicate this interest to your favourite Dog charity or even resell the whole NFT- interest and asset included.
Conclusively, I’d like to point out that you can join the discord group and Telegram community with any inquiries that you might have that involves the use of Charged Particles protocol. The Team is interested in building a lasting relationship with their community that evolves beyond artistry and skills. The Charged Particle community is a community filled with innovation, insight and mastery.
Visit the charged.fi website for the relevant links to join groups or learn more about the project.
With Charged Particle, There is always more you can do with an NFT