3 min of reading
To be non-expendable is to be irreplaceable.
The tokens non-expendable (NFT) are digital certificates of ownership that can be bought and sold; ownership can be transferred from an entity in the blockchain to another.
These NFTs are trending because consumers and producers seek new ways to exchange and maintain transparency of ownership of the items they value.
To understand the value of NFT projects, Benzinga has spoken with Chris Ho from the digital games art initiative Shark Boy Fight Club (SBFC), based in Los Angeles.
Ho’s background is not what you would expect. The Hong Kong native came to the U.S. for a computer science education in the early 2000s.
Given his passion for fashion and film, Ho changed his specialty.
“I ended up graduating in film and animation,” he says. “Right after, I was offered a couple of television jobs, and after that, I ended up in fashion for a decade.”
His experiences, combined with an innate entrepreneurial drive, led Ho to found a creative and web development agency working with brands like Juicy Couture.
Image: Chris Ho (right) leaning against a supercar.
Ho first heard about cryptocurrencies in 2009 from a financial advisor.
“Me broker Stock came to me and told me that bitcoin was like $ 1, what do you think? “
Although Ho ignored the investment, he later immersed himself in the sector, learning about the technology blockchain, decentralized finance (DeFi), mining and staking.
Also, when his work and family took him to Los Angeles, a center for creativity, Ho immersed himself in fashion and art.
With the emerging popularity of NFTs, the entrepreneur thought he would make his bid for creative expression within the space with the launch of Shark Boy Fight Club (SBFC).
SBFC is a collection of 8888 unique digital collectibles, shark avatars, which are based on the blockchain from Ethereum (CRYPTO:ETH).
Who buy these tokens They can trade, train and compete with their avatars in SBFC’s FighterVerse, an environment similar to the 3-D virtual reality of the metaverse.
Additionally, SFBF NFTs provide owners with membership to exclusive parties hosted by the company and the merchandise.
Image: SBFC avatars.
NFTs, in their most basic use cases, are popular because of their authenticity, as Ho explains.
“Due to the smart contract concept, everything is transparent,” as reported to Benzinga.
Additionally, secondary market royalties allow artists to earn a share of future sales.
“It helps the movements because people own that intellectual property.”
The community, above all else, is what matters to the SBFC team.
The addition of FighterVerse, along with celebrity endorsements, should make the effort more appealing. Ultimately, according to Ho, the intention is to engage and excite people with digital assets and their potential.
“We want to build a community to which people contribute,” he said, referring to the conversations he had with the project’s followers on social networks and platforms such as Discord.
“I can see us convening #SharkTalks where people advise and exchange business ideas,” he also noted.
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Shark Boy Fight Club: a unique version of the NFT and the metaverse | Benzinga Spain