Avorak AI Releases True Utility NFT Collection On OpenSea

NFTs, or Non-Fungible Tokens took the world by storm in 2021, with various high-profile NFT collections reaching millions of dollars in selling price. These digital assets are unique and cannot be replaced or exchanged one-to-one. Built on blockchain technology, NFTs provide proof of ownership and authenticity for digital content, such as art, music, videos, and collectibles.

The hype surrounding NFTs has been fueled by a combination of factors, including celebrity endorsements, media coverage, and the promise of democratizing various industries. With the rapid rise in popularity, NFT marketplaces have emerged to facilitate the buying, selling, and trading of these digital assets. However, as with any new technology, the hype can sometimes overshadow the reality of the situation.

Despite the potential for NFTs to revolutionize various industries, the truth is that most NFTs currently on the market have no real-world use. The hype has led to an influx of digital assets with little to no value or functionality beyond speculative trading.

Most NFTs are digital representations of artwork, collectibles, or other items with little to no practical utility. The value of these NFTs is primarily derived from their scarcity and perceived value rather than any inherent usefulness.

Despite the current limitations, Avorak AI is providing solid use cases for their new NFTs that will work alongside their AVRK token, demonstrating their potential value and utility, and they are being given away for free to ICO buyers.

When an investor buys into the Avorak ICO, if they qualify for the minimum investment of $550, they are granted an additional bonus and also an Avorak NFT. The Avorak NFT allows free access to the products for life and acts as a ticket for the Avorak Conference (AvCon) billed to happen in 2025.

One of the key aspects of this NFT is that it doubles the revenue return right of a holder’s AVRK balance. The Avorak revenue return will be a contract that routes payments to use the Avorak system to the team and to AVRK holders. The holders have a right to 49% of all revenue that comes into the project based on the token holding. Having this NFT at the same wallet address will cause the contract to double the allocation rights of that address, making it a must-have for those searching to increase their passive income from the revenue Avorak makes.

Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.