Read about the leading blockchain technology companies to watch this year. This list is constantly updated, so return and read about the latest blockchain companies.

Leading blockchain technology companies to watch

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47 leading blockchain technology companies to watch

David Bailey-Lauring

Web 3.0 will bring new levels of trust to the internet. But can web 3.0 solve the problems of web 2.0? 

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Can web 3.0 solve the problems of web 2.0?

<figure class="image"><img src="/uploads/RENE_LUTTERUS_5385_7241b7ff3b.jpg"><figcaption>According to NFT enthusiast Sander Gansen, NFTs are not suitable for those who want to get rich quickly. Photo: Rene Lutterus, NFT Estonia</figcaption></figure><a href="https://rikas.geenius.ee/rubriik/uudis/puust-ja-punaseks-nft-kunst-rumalatele-voi-idurevolutsiooni-alus/" target="_blank" rel="noopener noreferrer">Original interview</a> in Estonian by Joonas Alliksaar, translated by Supplain.An NFT, or non-fungible token, is by definition a digital asset built on a blockchain with unique properties that cannot be tampered with.According to Sander Gansen, an Estonian NFT enthusiast and CEO of the Estonian blockchain company WOF Labs, NFT is simply one technological tool that allows the creation of distinct sets of information. "So to speak, a file with a serial number to distinguish them," he told Genius.As a result, NFTs can be used to display and move all kinds of information, the most popular of which today is the distribution, buying and selling of digital art.<h2>Publicised examples in the media do not paint a fair reflection of the NFT market</h2>NFTs can also be used to collect 'moments' in Internet history. For example, in March last year, Iranian crypto entrepreneur Sina Estavi bought the first tweet from Twitter founder Jack Dorsey in the form of an <a href="https://supplain.io/news/what-are-nft-investments">NFT for $2.9 million.</a>Instead of a return on investment, Estavi got a rather nasty surprise when he put the tweet to auction at the beginning of April this year, promising to donate half of the money earned to charity.In his post, he assumed that the price of the NFT had multiplied over the year and that at least $25 million would be donated. He probably did not expect that the auction would receive only seven bids, the highest of which was 0.09 ether, or about $277 at the time.Estavi's failed investment is not an exceptional example in the world of NFTs. It illustrates well that there is still a lot of ignorance and stupid money in the emerging NFT market.According to Gansen, Dorsey's first tweet was never of any value. In fact, the purpose and function of NFTs are much more than just collecting random moments and works of art.<h2>Collectors should view NFT art like any other artwork</h2>Looking at the <a href="https://supplain.io/news/nft-statistics-infographic">statistics</a>, according to Gansen, the volume of trading in NFTs as tradable images has been rising in recent weeks, and in general, we can talk about market stability rather than bursting the bubble.&nbsp;According to him, the market's maturation is indicated by the fact that all sorts of "strange" things, in which a lot of money was invested in the first months, are disappearing.While in the early days of NFTs, art was indeed created or moments were recorded (e.g. the first tweet), then according to the enthusiast, today, it has been realised that such NFTs have no value without added utility."Value arises when the creator of a work is famous, and people want to own it to increase their clout via it, or when it comes with some <a href="https://supplain.io/news/top-nfts-with-utility">real utility</a>, such as access to a community, events, games, series or comics that cannot be experienced otherwise," explained Gansen.Therefore, investing in digital art, NFTs should be seen as an investment in any other form of artwork.<h2>Crowdfunding for startups through NFTs</h2>According to Gansen, NFTs are <a href="https://supplain.io/news/nft-use-cases-digital-art">much more than art</a> lately and are even used to finance startups building any type of products."In such case, the team promises to create something, makes the NFT that is indirectly related to it, builds the finished product with the money earned, and then either gives the right to use the finished product only to the owners of the NFT or gives them a share in the product," he described. However, according to him, the sale of NFTs is not comparable to an IPO, as Initial Public Offerings would lead to becoming a public company with rules for creating a supervisory board. Public companies usually are perceived as more trustworthy by their customers."If we compare it to anything, then it is like crowdfunding where the shared are tradable. However, it is important to point out that the sale of NFT does not equate to the sale of shares; it is rather a pre-sale of products on a larger scale, where these products can be resold later. Still, the buyer does not necessarily have the right to make decisions or profit," said the expert.This is precisely the kind of NFTs that, according to Gansen, attract the most money and attention today as they retain or increase in value. At the same time, digital works, once bought at a high price, which have no actual utility, will lose their existing value in the eyes of investors."Last week, for example, Moonbirds NFT, created by a startup entrepreneur and investor Kevin Rose, came out and made more than 70 million in sales in just minutes. And buyers have already generated sales worth several hundred million," he said."It is important to understand that there are also NFTs that have no value at all but are only used to move information, such as logistics-related data," he added.&nbsp;According to Gansen, anyone who wants to get rich quickly with NFTs without delving into technology and projects is probably in the wrong place.As for Dorsey's tweet, it might have some value in the future, but only for the people who collect moments from the history of the Internet. "There are such people, but even in this case, the value comes from the fact that someone wants it more than the one who last bought it," he said.&nbsp;

According to NFT enthusiasts, NFT art is not suitable for those who want to get rich quickly.

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NFT art - is it for fools or the basis of a startup revolution?

Sander Gansen

The goal of Supplain is to facilitate global supply chain companies, harmonise the concepts used within the industry into a standardised taxonomy, and create an international data exchange protocol.

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<figure class="image"><img src="/uploads/blog_1_2_414083fbb2.png"><figcaption>The metaverse is not only virtual reality (VR)</figcaption></figure>The metaverse is the most exploited term nowadays. Is it part of virtual reality (VR)? Is it another name for Facebook (Meta)? Whatever terminology you have heard, the metaverse will be where most innovation will occur in the coming years.&nbsp;But do we understand this term?&nbsp;What does metaverse mean?&nbsp;And where is it?&nbsp;And who is developing it?&nbsp;And the most critical question - how my life will change within the metaverse?Lots of questions for sure, and yet no real answers. We are not answering these questions directly but envisioning the future path for the metaverse.&nbsp;<h2>What is the metaverse?</h2>Most of the definitions of metaverse concentrate on the visual side of the metaverse.&nbsp;This is a big part of the metaverse, whether virtual reality or augmented reality of cyberspace, but this is not what we mean by the metaverse. The metaverse IS definitely NOT only VR or AR gamified virtual worlds.For sure, the metaverse may have a visual interface, but not everyone agrees that the metaverse will be visual. For instance, Discord could already be a metaverse. Still, it will be different or personalised for every user. What we will experience are the content and connections that are represented in a personalised Metaverse space.&nbsp;Content refers to the digital and tokenised physical assets in the digital world, and contacts refer to our connections in the digital world. And contacts are the most crucial component of every user's life.&nbsp;The, or more accurately,&nbsp;your&nbsp;metaverse will incorporate every user's personal contacts and content in one place. And critically,&nbsp;you&nbsp;will own this digital space, not a service provider as we have been accustomed to. This is the fundamental difference compared to today's setup, where service providers and digital platforms control everything.&nbsp;&nbsp;<h2>Isn't the metaverse just Facebook's gimmick?</h2>Although&nbsp;<a href="https://www.theverge.com/22749919/mark-zuckerberg-facebook-meta-company-rebrand">Facebook has rebranded as Meta</a>&nbsp;and aims to enter the metaverse, a Web3 space, they are still a Web2 company.This is because Web2 architecture is built in a centralised manner - in other words, a company or organisation owns a service, product or platform and manages and cares for the services they offer, including holding our personal data. Facebook is one such Web2 company - the same as Google, LinkedIn, TikTok and every other service with an internet presence.&nbsp;But as they are centralised services, there is almost no user control over that service. Facebook decides what content to push to every user's wall; all our contacts, images and data are locked inside Facebook - there is no way to transfer your contacts or content to other platforms. Their algorithms are calibrated to achieve maximum income for Facebook.&nbsp;They are less helpful to platform users and content creators who wish to monetise Facebook for their own use. Users do not control almost anything and certainly do not profit from the total value of their content.So the first important point to note is that the metaverse of the future will be decentralised - it will not have an overseeing organisation or business. Although, many would argue that running any such system takes enormous computing power and thus cannot be fully decentralised. The way a decentralised system works is perhaps it is more simply inclusive to the users via more distributed ownership models - but the front end and the servers would still be centrally managed.The metaverse is different from today's Web2 solutions because everything is under the custody of a user. Web3 or the metaverse is your personalised cyberspace. You will make the rules there.&nbsp;The most significant structural change is about changing ownership, trust and connectivity.<h2>What can you do in the metaverse?</h2>The metaverse will undoubtedly have all sorts of applications.&nbsp;I must first emphasise that there is not only a 3D gaming element, even if gaming comes to mind right away. Because the digital gaming economy is ever-expanding, with a global market size of&nbsp;<a href="https://www.researchandmarkets.com/reports/4489603/global-digital-games-market-2014-2022#:~:text=In%202016%2C%20the%20Global%20Digital,of%20%24272.24%20billion%20by%202022.">$272.24 billion this year</a>&nbsp;- the metaverse is sure to draw its fair share of this market.Thus, instead of just watching E-sports on a computer screen, why not hop into a virtual stadium filled with users worldwide? Contrary to opinion, despite less physical interaction, these virtual interactions will be far more personal and immersive because everyone within this gaming verse shares the same core values.&nbsp;Whole worlds are being built already, as the race is on to be the biggest and best with the most users. The&nbsp;<a href="https://worldoffreight.xyz/">play-2-earn (P2E)</a>&nbsp;metaverse platforms on offer are gaining popularity at a rapid rate.&nbsp;<div class="raw-html-embed"><video width="100%" autoplay="" loop="" muted="" playsinline=""><source src="https://strapi.supplain.io/uploads/wof_promo_790x395_a18533b3ca.mp4" title="YouTube video player" type="video/mp4"></video></div>Of course, gaming is merely one aspect of the metaverse.&nbsp;It is one of the biggest debates - is the metaverse the same as VR,&nbsp;or&nbsp;do the metaverse, and VR simply support each other? In which case, the metaverse is the ecosystem that lets users connect, collaborate and, in some cases, trade their virtual goods. Furthermore, the metaverse can exist within any visual medium, even without one, but it would always need to have (1) users and (2) new types of ownership models.Now, one can create all sorts of new economies mirroring the real world. Event organisers can organise concerts and other shows in the metaverse.&nbsp;How about putting on the headset and diving into a crowded theatre for movie night from the comfort of your couch?&nbsp;Virtual malls and grocery stores will all be possible. Sounds ludicrous?&nbsp;Not really.Imagine being able to browse the vegetable or meat sections at the grocery store without actually needing to visit the physical grocery store and have the contents of your virtual cart delivered to your door hours later.&nbsp;The metaverse is not only about fun and practicality. The COVID-19 pandemic forced most&nbsp;<a href="https://respiray.com/how-to-safely-return-to-the-office-post-covid/">companies into utilising zoom meetings</a>.&nbsp;Zoom meetings are dependent on good intent connections and thus can be 'clunky' and 'break up' online.<figure class="image"><img src="/uploads/blog_3_9bf56c7373.png"></figure>The metaverse could allow for a more in-depth experience similar to real-life encounters where one can make eye contact or even have a private side conversation during the meeting (we all know these are impossible and awkward in a standard zoom setting). The metaverse will make networking and other activities for entrepreneurs and business-minded individuals more productive.&nbsp;For those lucky (or unlucky) enough to have experienced online college courses in the past, imagine being able to attend those classes in the metaverse surrounded by other students.&nbsp;Additionally, those limited by their physical or geographic locations could gain access to these learning experiences in a way not possible before. Teachers would gain a whole new edge in creating lesson plans and be able to guide students more effectively. Furthermore, training for specific industries can take on an unmodified new form. All professions can take seminars and certification courses, for instance, electricians, plumbers, and even medical personnel in the new digital world with "hands-on" activities instead of just reading some books and taking the test.&nbsp;<h2>Why we should care about the metaverse</h2><figure class="image"><img src="/uploads/blog_2_1_8d708ee55a.png"><figcaption>Your wallet will be the digital you</figcaption></figure>The metaverse is the next iteration of the internet. All your publications are there; your content is saved under your control. To connect with others in their digital space, you will need to connect to someone else's metaverse.Your wallet will contain all your digital assets in the metaverse - it will act as your key. Wallet holders will store their tokenised assets there. You will save your investments, real estate, bank details, artworks, cryptocurrencies, educational and professional merits, medical records, passwords, avatars, and current physical and mental conditions under your control, not another organisation.In fact, whatever you own, what you are and whom you want to be. The metaverse is the digital you.&nbsp;<h2>We should care about the metaverse</h2>Following along, one can see a trend with the metaverse turning the ordinary Web2/analogue world into a whole new, secure, private, data protecting, and immersive&nbsp;<a href="https://supplain.io/news/andre-veskimeister-web3-2022">Web3 experience</a>, fusing the digital and real-world into one.&nbsp;The advent of crypto and&nbsp;<a href="https://supplain.io/news/what-are-nft-investments">NFTs</a>&nbsp;have made all this decentralisation possible within the newly forming metaverse in ways not possible just a few years ago. Indeed, this space will see countless new use cases for the growing technology in the years to come.Web3 blockchain technology will hold everything you own. It gives you back the control of your digital presence and, on top of that, also includes your material assets. The metaverse can and will have a 3D virtual reality interface, but this is not the most important part - taking custody of your social connections, and tokenised assets is.

The metaverse is the most exploited term nowadays. But what is the metaverse and why should you care about it?

What is the metaverse? (and why you should care)

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Andre Veskimeister

Justin Gaulrapp

Blockchain applications are more than bitcoin and cryptocurrencies. There are a plethora of blockchain application use cases that are being used right now.

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Blockchain application use cases

19 Blockchain application use cases that will surprise you

<figure class="image"><img src="/uploads/RENE_LUTTERUS_5306_fe63f80585.jpg"></figure>The first edition of <a href="https://supplain.io/news/nft-tallinn-2022">NFT Tallinn</a> was a huge success!What was initially a small community gathering, a party in a mansion at best, resulted in over 500 people joining us in person for the first web3 conference held in Tallinn, Estonia.Unlike other web3 and <a href="https://supplain.io/news/nft-events-conferences" target="_blank" rel="noopener noreferrer">NFT events</a>, this one only had one aim - bringing together public servants, business executives, investors and lawyers to show them that web3 is here.&nbsp;We wanted to exhibit the various use cases for blockchain technology, specifically utility NFTs, outside the financial sector and the art market. We hoped that this would result in a better understanding and higher acceptance of these new technologies by the legacy markets.&nbsp;We undoubtedly achieved this goal!<h2 style="text-align:justify;">Top NFT speakers didn’t disappoint</h2>We are incredibly thankful to all 50 speakers who joined us in Tallinn!<figure class="image"><img src="/uploads/20220406_0137_min_2_a2f6122a06.jpg"><figcaption>David Prinçay, Binance</figcaption></figure>Our special thanks go to our keynote speakers, including:<ul><li>the lead architect for the ERC-721 standard, <a href="https://www.linkedin.com/in/fulldecent/">William Entriken</a>,&nbsp;</li><li>the head of marketing in Europe for Binance, <a href="https://www.linkedin.com/in/david-princay/">David Prinçay</a>,&nbsp;</li><li>and the president for VaynerNFT, <a href="https://www.linkedin.com/in/averyakkineni/">Avery Akkineni</a>.</li></ul><figure class="image"><img src="/uploads/20220406_1428_min_111f0eb9a0.jpg"><figcaption>William Entriken</figcaption></figure>In addition to the international keynotes, we were honoured to attract so many public servants onto the stage. Special thanks go to the Minister of Entrepreneurship and IT of Estonia, the Undersecretary for Digital Development of Estonia, the Chairman of the Financial Supervision Authority in Estonia and the Head of the Financial Intelligence Unit for Estonia, all of whom participated in the panel stage discussions.Because we attracted a high calibre of speakers, we decided to amend the format at the last minute, dividing the whole schedule into three stages: the main stage, the deep discussion stage, and the hands-on workshop stage. Altogether, we had 32 sessions happen throughout the event, and we were pleasantly surprised by how many attendees were attracted to the two side stages, for the more intimate discussions and workshops.Ultimately, the themes covered included some fascinating topics, such as:<ul><li>NFT utility and value beyond speculation,</li><li>Merging web3 and government-issued digital identities,</li><li>The changing landscape for policy for web3,</li><li>How are DAOs disrupting ownership and the future of work,</li><li>How to find quality art in the <a href="https://supplain.io/news/crypto-queens-women-nft-space" target="_blank" rel="noopener noreferrer">NFT space</a>?</li></ul><h2 style="text-align:justify;">Future of NFT technology</h2>From our team’s perspective, the biggest revelation came via William’s speech, where he described the background and future of NFT technology.Did you know that the creators of the NFT standard initially planned the primary use cases for NFTs to be in the realms of supply chain and licensing? Or that Microsoft is using NFTs within its Xbox Games Store and are one of the most significant NFT users globally?When asked the simple question of what is an NFT, we learned that any piece of paper with a sequence number could be an NFT. It removes all the magic when described like this, but this is what we were aiming to highlight. It’s simply an evolution of technology.&nbsp;Nothing more or nothing less.In addition to the speeches and discussions on the stages, we also featured some great activities for the participants, including a free to claim NFT!&nbsp;For example, attendees with artistic skills helped design a custom pair of sneakers with the <a href="https://futurekicks.io/">Future Kicks</a> team or draw some pictures via collaborative work software made by <a href="https://www.plutoview.com/">Plutoview</a>. All of these works of art were auctioned off to support Ukrainian charitable aid organisations at the afterparty.<figure class="image"><img src="/uploads/RENE_LUTTERUS_5396_min_8f1cca53ec.jpg"><figcaption>NFT charity auction</figcaption></figure>As for the free to claim NFTs - we had two projects! First, there was a collaborative project with renowned artist iSteef named <a href="https://looksrare.org/collections/0x1ef147b5a8d53E3895768C29F1221d7666D71501">Banalien | WOF x iSteef</a>. And Binance helped to launch the first official <a href="https://www.binance.com/ru/nft/collection/tallinn-2022-nft-564132097052033025">NFT Tallinn 2022 project</a>.<figure class="image"><img src="/uploads/RENE_LUTTERUS_5120_9827cbd05a.jpg"></figure>Outside of the main event, we also hosted a variety of side workshops, including:<ul><li>Hands-on workshop on writing the first smart contract + dApp w/ William Entriken</li><li>Discussing the Future of DAOs with Katrina Gamueda-Smith</li><li>Innovation seeks new solutions; regulations seek peace - how to find a balance?</li><li>A VIP brunch by Solid World DAO</li><li>And the VIP dinner hosted by us.</li></ul><figure class="image"><img src="/uploads/RENE_LUTTERUS_5247_min_c051788373.jpg"></figure>As mentioned earlier, the event was a massive success for us, and therefore we’ve agreed to host more web3 events in the future.Where and how, do you ask?<figure class="image"><img src="/uploads/RENE_LUTTERUS_5131_min_46b035bae1.jpg"></figure><h2 style="text-align:justify;">Future NFT events</h2>We are starting with a side event at NFT.NYC, and potentially some additional side events and roundtables for other tech events.Already discussions and planning are taking place in earnest for our next one - a two-day super-event featuring 2,000+ people and hundreds of speakers.The details for the event will be shared publicly soon, but if there is anyone that wants to get involved early, join our <a href="http://discord.gg/worldoffreight">Discord community</a> and hit us up via the NFT Tallinn channel.<figure class="image"><img src="/uploads/RENE_LUTTERUS_5926_min_df64d30eef.jpg"></figure>

The first edition of NFT Tallinn was a huge success!
What was initially a small community gathering, a party in a mansion at best, resulted in over 500 people joining us in person for the first web3 conference held in Tallinn, Estonia.

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NFT Tallinn set a new standard for NFT conferences

NFTs continue to trend, and from these NFT statistics, you can read why. Some of the numbers will blow your mind!

Top NFT statistics that will blow your mind - Infographic

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Top NFT statistics that will blow your mind

<div class="raw-html-embed"><iframe width="780" height="480" src="https://www.youtube.com/embed/70pTSqJ4JBw?controls=1&amp;rel=1&amp;autoplay=1&amp;vq=hd720p60" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen=""></iframe></div>The most NFT-minded business day – NFT Tallinn, will be a one-of-a-kind spring event on 6th April 2022 at Kultuurikatel. On this day only, Tallinn will be buzzing with over 500+ attendees and world-class experts, speakers, international founders, investors, public servants, and most importantly – Apes and bananas.&nbsp;<h2>What is NFT Tallinn?</h2><figure class="image image-style-align-right image_resized" style="width:36.24%;"><img src="/uploads/nft_tallinn_740x740_bc1b5e88d6.png"></figure>The shift from web 2.0 to web 3.0 is becoming more evident, with NFTs allowing creators to unleash their creativity and develop disruptive business ideas. Tallinn NFT Day will focus on critical topics including Web3.0, DAOs, institutional investing and policy.&nbsp;Plus, we’ll have the most prominent players in metaverse, gaming, security, luxury, art and sports to discover the true potential of NFTs and how they will reimagine tomorrow's business models.NFT Tallinn is more than a conference; it showcases the future waiting to happen. The event will feature talks and panels on:<ul><li>Digital Art &amp; Collectables</li><li>P2E Gaming &amp; Metaverse</li><li>Artists &amp; Social Tokens</li><li>Green Tech Solutions</li><li>Other NFT use cases</li><li>Future of web3 tech</li><li>Regulation &amp; web3</li><li>Investing in web3</li><li>What are DAOs?</li><li>Other NFT use cases</li></ul>For those looking to explore the NFT scene, there will be workshops on&nbsp;<ul><li>How to buy your first NFT?</li><li>How to create your first NFT?</li><li>What do web3 investors look for?</li><li>What do you need to know about taxes?</li></ul>The NFT Tallinn event will take place in Kultuurikatel (situated inside an old Tallinn power plant, a unique venue in the city's old town and only 15 minutes from the airport) in Tallinn on Wednesday, 6th April 2022.NFT Tallinn is all about connecting the leading minds in the NFT field with novice crypto enthusiasts, plus putting NFTs themselves under the spotlight.&nbsp;The crème de la crème of speakers and international artists include: &nbsp;<ul><li><a href="https://www.linkedin.com/in/fulldecent/" target="_blank" rel="noopener noreferrer">William Entriken</a>, Lead Architech of ERC-721</li><li><a href="https://www.linkedin.com/in/david-princay/" target="_blank" rel="noopener noreferrer">David Prinçay</a>, Head of Marketing in Europe at Binance</li><li><a href="https://www.linkedin.com/in/andres-sutt-4b5a086/" target="_blank" rel="noopener noreferrer">Andres Sutt</a>, Minister of Entrepreneurship and IT of Estonia</li><li><a href="https://www.linkedin.com/in/irina-karagyaur/" target="_blank" rel="noopener noreferrer">Irina Karagyaur</a>, Head Ambassador for Western Europe for Polkadot</li><li><a href="https://www.linkedin.com/in/stentamkivi/" target="_blank" rel="noopener noreferrer">Sten Tamkivi</a>, Partner at Taavet+Sten</li><li><a href="https://www.linkedin.com/in/luukas-ilves-9a3a441/" target="_blank" rel="noopener noreferrer">Luukas Ilves</a>, CIO of Estonia</li><li><a href="https://www.linkedin.com/in/shirly-valge/" target="_blank" rel="noopener noreferrer">Shirly Valge</a>, COO of Velas &nbsp;</li></ul><h2>The story behind NFT Tallinn</h2>The need for such a conference arose during work discussions in the Supplain and <a href="https://worldoffreight.xyz/">World of Freight</a>. In the beginning, the idea was to organise only one NFT public meeting. Still, after hearing from our <a href="https://discord.com/invite/XqhceDK4ZR">community</a> about whether we should make the concept bigger, over 500 people expressed their wish to participate in a conference.&nbsp;From that moment, NFT Tallinn was born.From there, interest grew - within Estonia itself, it became evident that many Estonians and international residents were already working on Web3 and NFT projects - and this conference appealed to them.At the same time, there are even more who want to get into the NFT space and discover the NFT world for themselves. Thus, NFT Tallinn has been structured so that everyone can find interesting speakers and topics - both novices and professionals. NFT Tallinn does not occur in the traditional conference format but simultaneously in different rooms and with varying themes.The conference will discuss various <a href="https://supplain.io/news/nft-use-cases-digital-art">NFT use cases</a>, including <a href="https://supplain.io/news/what-are-nft-investments">digital art</a>, collectables, social tokens, green revolution blockchain applications, <a href="https://supplain.io/news/andre-veskimeister-web3-2022">the future of Web3</a>, DAOs, <a href="https://supplain.io/news/crypto-queens-women-nft-space">women in the NFT world</a>, Web3 investing, and more. As mentioned, there are separate workshops for beginners on topics that should guide people to the world of NFT and Web3 and provide them with their first basic knowledge. Finally, an after-party with music is planned for the evening to find and network with new acquaintances in the NFT community.<h2>The current state of NFTs</h2>It is critical to be aware of the current state of the NFT market. The NFT space moves fast and has a lot to offer. Pioneers will be diving into Metaverses and exploring the endless possibilities that come with it, unleashing their creativity and developing disruptive business ideas.So, let's talk about NFT tech. Let's talk about the web3 future. Let's talk about DAO concepts. Let's have fun!<a href="https://events.ekspressmeedia.ee/nft">Get your tickets here.</a> &nbsp;

The most NFT-minded business day – NFT Tallinn will be a one-of-a-kind spring event on 6th April 2022, at Kultuurikatel.

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NFT Tallinn Day

Don't sit at home. NFT Tallinn will be the most long-awaited NFT event of 2022

<figure class="image"><img src="/uploads/blog_4_2_1a825fe105.png"></figure>With digital art NFTs attracting large sums for their value, cybercriminals and hackers are also attracted to defrauding their owners. How do NFT owners know if a Bored Ape NFT or digital Banksy is real?The <a href="https://supplain.io/news/what-are-nft-investments">non-fungible token</a> (NFT) market was worth <a href="https://www.statista.com/statistics/1235263/nft-art-monthly-sales-value/">$87 billion in February 2022</a>. Much of the growth is fueled by mainstream apps and celebrities like Discord, Mastercard, Coinbase, Twitter, Nike, Adidas, <a href="https://twitter.com/ParisHilton">Paris Hilton</a> and Eminem entering the space, offering creators, artists and collectors more possibilities to showcase and trade digital art.&nbsp;But as the NFT space grows, security issues become increasingly problematic with NFT fraud.&nbsp;An NFT will include information on where the holder can find the artwork they represent on-chain like Bored Apes is. Usually, all fraud is just people being reckless and acting too fast or not doing their research.Typically, frauds occur when someone ‘steals’ the real NFT from buyers, and there is little they can do about it since they confirmed the deal either by:<ol><li>Connecting their wallet to a fishy website that asks for the right to move specific NFTs out from the wallet in a way that goes unnoticed by the wallet holder.</li><li>Leaving their wallet connected to a proper website that was hacked and whose contract is changed so that the hackers can move out NFTs.</li><li>"Accidentally" shows private keys to a "moderator" or some other fraudster who then does the transfer themselves.</li><li>OR just get phished or hacked.</li></ol>If NFT fraud is occurring, why buy NFTs in the first place? &nbsp;<h2>Why are people buying digital art NFTs?</h2>With NFTs, assets can be 'tokenised' to create a digital certificate of ownership, which can then be bought and sold. The practice is proving popular in computer gaming to digital art fields.&nbsp;In general, very little data is stored within an NFT, however. The NFT mostly contains only the information on where the holder can find a description of the artist's name and the work's title. NFT info is then recorded on the blockchain itself.&nbsp;The more unique the digital art NFTs are, the higher value they attract, as they are rare. NFT scarcity means they are treasured, thus command large sums when sold.&nbsp;NFTs that attract large sums stir the interest of investors.&nbsp;<ul><li>In sport, NFTs for licensed NBA basketball game clips have amassed more than €220,000 to date.&nbsp;</li><li>When Twitter founder Jack Dorsey auctioned the NFT for his first-ever tweet – "just setting up my twttr" – a Malaysia-based businessman paid €2.5 million for it.&nbsp;</li><li>Digital artist Pak (sold 266,445 shares of an NFT art Mass Banner for $91.8 million.</li></ul>&nbsp;Therefore, it will be no surprise when criminals attempt to defraud the industry to make money; buyers have fallen victim to fraud.<h2>Recent NFT frauds</h2><figure class="image"><img src="/uploads/blog_4_3_08a6f13ad9.png"></figure>Prominent NFT frauds that have occurred include the recent <a href="https://www.bbc.com/news/technology-58437753#:~:text=On%20Tuesday%20a%20piece%20of,be%20hacked%2C%20but%20was%20ignored.">Banksy scam</a>, in which fake Banksy NFTs were listed on <a href="https://opensea.io/">OpenSea</a> and sold for US$350,000. Then there was the '<a href="https://www.vice.com/en/article/y3dyem/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammed">Evolved Apes' NFT scam</a>, also on OpenSea, that led to <a href="https://www.vice.com/en/article/y3dyem/investors-spent-millions-on-evolved-apes-nfts-then-they-got-scammed">US$2.7 million</a> being stolen by the anonymous 'Evil Ape' developer behind the hack.&nbsp;Whilst more significant hacks garner the most media coverage, there is also no shortage of smaller scams that are largely unreported. Malicious actors have found the NFT space lucrative. They have been exploiting technological gaps in the system whilst showing no signs of slowing down.Not all frauds are this sophisticated.&nbsp;Most basic NFT frauds occur because of the <a href="https://supplain.io/news/nft-terms-nft-vocabulary">'rug pull,'</a> whereby innovative crypto developers announce the release of an incredible new digital asset that will do amazing things in the future, thus increasing its value.The community responds with enthusiasm and invests the owners with funds. Still, the project is then pumped and dumped as the issuers vanish, delete their website, Telegram and Discord chats and phoney LinkedIn profiles along the way.&nbsp;Whilst not all projects that fail early are ‘rug pulls’ - some are merely early-stage projects where the founders didn't know how to run a business, thus overspending and running out of funds before delivering the project. It is similar to startups that don't find the appropriate business model before shutting down.What do these NFT scams mean for the blockchain ecosystem? First, they give NFTs a lousy reputation and are unfairly labelled ‘fraud.’ <a href="https://supplain.io/news/andre-veskimeister-web3-2022">Web 3.0 technology</a> already provides a secure environment for their NFT creators to list and store their digital assets if the industry becomes mainstream.&nbsp;Instead, the question is on the buyers' side - how to not fall for fraud, which usually comes from buyers not doing their research and jumping on new projects too fast.This is where web 3.0 companies can help in stopping NFT fraud.<h2>How web 3.0 companies combatting NFT fraud</h2>The current issues with hacks and <a href="https://supplain.io/news/nft-scams-victims">NFT scams</a> in the space mean that individuals could lose or have their NFT stolen, much the same if they lost their identity.Web 3.0 solutions reduce the likelihood of NFT fraud as everything is recorded on the blockchain. NFTs include information on where the holder can find the artwork they represent. However, the actual digital artwork is still a click to a URL away.&nbsp;As mentioned already, all fraud is usually people being reckless and acting too fast or not doing their research. Thus, the adoption of NFTs will suffer as they are incorrectly labelled as a scam or bubble.However, suppose you're talking about authenticity. In that case, the problem does not affect any NFT collections per see, but rather the art uploaded without the Intellectual Property (IP). Or, they are fraudulent collections and web pages that attempt to impersonate the original creators' collections that NFT novices then buy (known as ‘mint’).<ol><li>Authenticating the ownership pre-NFT creation is complicated and not controllable via NFT creation since NFT is just a technology where you store the file. Thus when buying expensive 1/1 art, the only way to authenticate whether it's real or not is doable either by:<ol><li>Establishing that the creator of the wallet is the accurate person or organisation who controls the rights - either by checking their "verified" status, their documents or jumping on a call with them (when spending over 100k, getting on a call for a second should not be too much to ask!)</li><li>Trusting the herd, if there have been multiple previous sales by the same account that have not had any problems, ideally some time ago and even better - to people you know.</li></ol></li><li>Checking whether it's fraudulent collection or webpage is simpler since you can always check the contract code, check whether it's the same contract like the one on the website/collection/Discord and check if other parameters are correct + ideally wait until others have tested it by themselves—no need to be the first one to take the risk.</li></ol><h2>Educating buyers about NFT fraud</h2><figure class="image"><img src="/uploads/blog_4_1_93fec01892.png"></figure>Because NFTs will revolutionise how we live and interact within and outside the crypto environment. Their <a href="https://supplain.io/news/nft-use-cases-digital-art">limitless uses outside the digital art</a> and collectables world will be invaluable to modern businesses, from gaming to <a href="https://supplain.io/news/supply-chain-trends-and-predictions">the supply chain</a>.&nbsp;Letting buyers know what types of fraud to look out for on these platforms can help reduce NFT scams, especially if these users can use platform technologies to flag opportunities for fraud.&nbsp;Different platforms also have varying verification systems, so offering resources to help users navigate these choices and select the safest option may be another step in the right direction.Whilst scams and hacks are vital issues to discuss and resolve; the <a href="https://supplain.io/news/crypto-queens-women-nft-space">NFT space</a> has ultimately flourished.&nbsp;It has become a space where NFT creators have more control over their digital assets and make serious money.&nbsp;NFTs are here to stay and will have significant implications on how we interact online, enjoy our hobbies, and even provide businesses with more transparent data records.&nbsp;These future use cases will not be possible without increased security and verification measures and educating mainstream audiences of the viability of web 3.0 technology.&nbsp;&nbsp;

With NFTs attracting large sums for their value, cybercriminals and hackers are also drawn. How can Web 3.0 companies help stop NFT fraud?

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Evolved Ape NFT Fraud

Can Web 3.0 companies help stop NFT fraud?

Guide to the top blockchain, crypto and NFT events to attend in 2022 that crypto enthusiasts must attend. Where are you heading in 2022?

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Top blockchain, crypto and NFT events to flock to in 2022

With crypto-based and NFT scams rising, it's easier to fall for them than ever. Read our guide on how not to be a victim.

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NFT scams - how not to be a victim

&nbsp;Our very own Keirin Rebane is one of a growing number of female artists, entrepreneurs, coders, business leaders and investors embracing NFTs and cryptocurrency. Together they advocate for women to enter the blockchain movement and NFT space, thus bridging the gender gap in this quickly expanding sector.NFTs give those who find traditional forms of investing puzzling and intimidating a path to financial independence or an opportunity to collaborate.&nbsp;"There are very few women in this space. And it is often thought that women can only work in soft areas. Still, there are several examples where women can also lead technology projects very well. Women shouldn't be afraid of leadership and expressing their views. For the field not to become too male-centred and unbalanced, women need to stick together more and be particularly loud about their opinions; as different views enrich the field." – Keirin Rebane, Co-founder, Supplain.<figure class="image"><img src="/uploads/blog_pic_22_585276f239.jpg"><figcaption>Keirin Rebane, Supplain Co-Founder</figcaption></figure><h2>Why NFTs are important</h2>An NFT is an asset that constitutes an entity or object. It could be a form of digital art, book, cryptocurrency token, a tweet, music, a video game or anything that can be created (minted) in a digital format.&nbsp;NFTs are linked to the blockchain where other cryptocurrencies, including Ethereum and Bitcoin, are found. Since these blockchains are decentralised and secure, NFTs become highly unique. They cannot be counterfeited or fraudulently faked.&nbsp;The value of the NFT is recorded on the blockchain that offers public access, thus proving its genuine authenticity.So, what makes NFT the next big opportunity, and not only for women?&nbsp;NFTs and crypto represent an exclusive and fresh source of creativity and innovation. From personalised art creation to unique collectables, exclusive music or even avatars, creators and developers can push and defy boundaries to produce unique outcomes.As institutional investors became involved and pushed bitcoin (and subsequent altcoin prices) to record highs in 2021, the adoption of cryptocurrencies grew amongst younger investors and developing countries. Now, anyone with a mobile phone using a wallet can bypass the formal banking system.<h2>NFTs have reached an enormous market value</h2>Meanwhile, sales of NFTs amassed to <a href="https://dappradar.com/blog/2021-dapp-industry-report">$23 billion in trades in 2021</a>, increasing from the previous year, according to research from DappRadar.&nbsp;However, still more than <a href="https://www.cnbc.com/2021/08/30/cryptocurrency-has-a-big-gender-problem.html">two-thirds of U.S. cryptocurrency investors are men. About 60% of them are white</a>, according to recent research by CNBC and Acorn. This gender gap is wider than in other financial investment sectors like stocks, bonds and mutual funds.As cryptocurrencies shift from the fringes of finance to the mainstream, with investors, companies, and <a href="https://www.bbc.co.uk/news/technology-58473260">countries adopting them as an asset</a>, more of us now accept them as a hedge against inflation and economic uncertainty.NFTs have also <a href="https://nftevening.com/celebrities-in-nfts-paris-hiltons-nft-love-is-catching-on/">caught the attention of celebrities, investors and artists</a>. Their enthusiasm has led to record digital art sales from <a href="https://supplain.io/news/what-are-nft-investments">Beeple's digital collage selling for $69 million</a> to <a href="https://www.barrons.com/articles/paks-nft-artwork-the-merge-sells-for-91-8-million-01638918205">Pak's 'The Merge' selling for $91.8 million</a> in December 2021, making it the most expensive NFT sale at the time of writing this article.&nbsp;<h2>More women in the NFT artist space</h2><figure class="image"><img src="/uploads/blog_pic_20_6565a616d5.jpg"></figure>Research by ArtTactic found that <a href="https://www.theartnewspaper.com/2021/11/03/not-so-metadiverse-women-account-for-just-16percent-of-nft-art-market">only 16% of NFTs</a> on the market are created by women artists, exposing the underrepresentation of women in the NFT art space.&nbsp;It led many to launch initiatives to inspire more female artists to venture into the NFT space, with NFT communities like the <a href="https://worldofwomen.art/">World of Women</a> emerging to aid females to enter this male-dominated market.&nbsp;Subsequently, this worked. Last month, some outstanding female-led projects sold out, including the <a href="https://www.nftculture.com/nft-projects/women-rise-nft-project-sells-out/">Women Rise project</a>.&nbsp;Other female-only projects include <a href="https://www.girlsridingthings.io/">Girls Riding Things</a>, <a href="https://www.fameladysquad.com/">Fame Lady Squad</a> and <a href="https://www.rebelsociety.io/">Rebel Society</a>. Their creators found that they eventually sold out even after a post mint lull. The spotlight on women NFT artists helped raise awareness of their involvement. Although women still make up less than 20% of the NFT space, these little shifts made a huge difference.&nbsp;&nbsp;<h2>Women in the blockchain industry</h2><figure class="image"><img src="/uploads/blog_pic_21_4a03375886.jpg"></figure>Since the blockchain industrys' inception, <a href="https://blumint.co/blockchain-technology-empowers-women-worldwide/" target="_blank" rel="noopener noreferrer">women in blockchain</a> have played critical roles in strengthening the global influence of the technology.&nbsp;Like most of the tech sector, women have been slowly gaining dominance. Yet, they still only hold around <a href="https://isemag.com/2020/10/telecom-the-latest-stats-on-women-in-tech/">25% of jobs in technology</a>. Interestingly, approximately <a href="https://news.crunchbase.com/news/eoy-2019-diversity-report-20-percent-of-newly-funded-startups-in-2019-have-a-female-founder/">20% of startups in tech have female founders</a>. At the same time, the number of women in blockchain technology is considerably low.&nbsp;Presently, only <a href="https://www.analyticsinsight.net/women-in-blockchain-crypto-market-is-no-longer-a-men-only-business/#:~:text=As%20the%20data%20suggests%2C%20the,in%20the%20past%20two%20years.">12% of women are involved in the crypto sector</a> with contributions in the roles of founders, developers and investors, meaning the remainder are primarily male. Such numbers clearly state the necessity of changing the blockchain industry's inclusion of women.&nbsp;According to Rebane, co-founder of blockchain protocol Supplain, the world needs more women in blockchain for the following reasons:<ul><li>they can offer better communication skills</li><li>can create and define products that cater to women as well as men</li><li>can provide a balance in the blockchain ecosystem</li><li>are great at community-building</li><li>fill a void in top tech talent that is missing in national economies</li></ul><h2>The call for gender diversity</h2>Keirin Rebane has a passion and dream – to be seen and recognised in areas like blockchain technology, cryptocurrency and NFTs and to reimagine how to solve an age-old <a href="https://supplain.io/news/supply-chain-trends-and-predictions">problem of supply chain issues.</a>Rebane's and her co-founders' mission with Supplain is to bring more women into the web3 market and support them on their blockchain journey. It's why she took the chance to delve into the NFT space and collaborate with WoF Labs and Supplain.&nbsp;Based on her experience with <a href="https://supplain.io/news/story-behind-wof">WoF</a> Labs and Supplain, she has found that no matter your role in, whether an artist or blockchain developer, anyone can create an entity of their own into an NFT – even without prior knowledge.&nbsp;Rebane had no previous crypto experience before entering this field, only becoming involved with NFTs in August 2021. Today, she and her team have successfully launched their own NFT collection, Play2Earn NFT game, and they are now building a whole new blockchain protocol. All in only 6 months.&nbsp;"With the abilities and talents that women are proud to showcase, there is no doubt that diversity in the NFT space can be achieved. The realm is vast and ever-growing, and it's a promising industry where anyone can flourish," says Rebane.&nbsp;Women entrepreneurs and crypto enthusiasts are no exception; they, too, can reap significant rewards if they enter this rapidly expanding sector.<h2>About Keirin Rebane</h2>Keirin Rebane has a master's degree in business and technology management and is the founder of an Estonian-based development company. She has helped to build various e-shops, online platforms, and applications in her career. During that time, she has been in different roles: a manager, product owner and designer. Having a previous technological background helped her orient herself in the NFT world, primarily when they were creating their own collection where all the NFT parts were hand-drawn in digital form and later generated in collaboration with code. Today, she is the product owner and art director in the <a href="https://worldoffreight.xyz/">World of Freight</a> and <a href="https://supplain.io/discover">Supplain teams</a>.

Supplain’s Keirin Rebane and a growing number of women are entering the crypto and NFT space, bridging the gender gap in the process.

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Crypto queens in the NFT space

Andrew Veskimeister, Head of Business at Supplain discusses where is Web 3.0 heading in 2022.Here are thoughts on blockchain, crypto and web 3.0 and their business uses.<figure class="image"><img src="/uploads/blog_pic_18_1_cfea014d57.jpg"></figure><h2 style="margin-left:0cm;">In short, sum up 2021?</h2>2021 was a year of many surprises. The cryptocurrency market showed very high volatility, contrary to established predictions.Whilst the built-in cyclicality of the Bitcoin algorithm predicted the top of the market last year, it did not arrive, unlike in the stock market. The prevailing view is that the crypto cycle has lengthened, diminishing returns.&nbsp;However, 2022 should bring more clarity on its cycles.<h2 style="margin-left:0cm;">2022 has had a harsh start and will be very volatile&nbsp;</h2>The most decisive events in 2022 will probably not be with the crypto but with the world economy as a whole.&nbsp;Is the economy moving forward in the inflation cycle, or will it become deflationary due to central bank activities? The world economy will influence the crypto value proposition in 2022.Slower growth is likely ahead of us.&nbsp;Markets are looking for a new equilibrium point, and it is impossible to predict anything definite. If inflation increases, Bitcoin's position as a value holder will improve. In deflation, crypto must find its growth in innovation and the rising number of users.The most crucial moment for the crypto market is the outcome of the XRP lawsuit, which should happen in 2022. On the one hand, this is crucial for XRP itself but certainly a shaper of the whole sentiment towards crypto.2022 is also likely to be a year of clarity for the Metaverse and <a href="https://supplain.io/news/top-nfts-with-utility">NFT projects</a>, where the real potential of these critical projects emerge. It is undeniable that these sectors will experience further growth.&nbsp;<h2 style="margin-left:0cm;">What happens to Ethereum with ETH 2.0?</h2>I do not see any significant structural changes involved.&nbsp;Ethereum is the crypto with the most important number of applications, and this position is likely to be strengthened.At the same time, Ethereum will be greener as miners' computing power ('proof of work' principle) is no longer used to validate transactions. It will now be replaced by a new validation mechanism based on validators backed by stacked Ethereum ('proof of stake' principle). It aims to increase Ethereum's network speed, efficiency and scalability, making it more sustainable.As demand for Ethereum remains high or even grows, transaction (gas) fees will not fall to zero. However, they will probably decrease. Additionally, we can see them stabilising and the predictability of gas fees increasing.<h2 style="margin-left:0cm;">Recommendations for a novice crypto investor</h2><figure class="image"><img src="/uploads/blog_pic_19_629f2fb7dc.jpg"></figure>The first recommendation for novice investors is to organise their investments through a corporate entity. Unfortunately, the Estonian tax system has yet to improve when investing as a private person.<a href="https://www.lhv.ee/en/crypto">LHV Bank</a> made a giant step favouring Estonian crypto investors last year. I highly recommend using them for smaller investment amounts and in situations where there is no time to delve.To go further, however, one needs to do more work and learn the mechanisms of crypto. More important than choosing a platform is knowing crypto management methods, such as "cold storage.”My biggest recommendation before investing in crypto is to spend at least 20 hours educating yourself – this would be the best investment you can make.<h2 style="margin-left:0cm;">Could crypto be a passive investment?</h2>The primary task before starting is to set the investment horizon.&nbsp;If it is 10+ years, any investment of smaller amounts regularly is a good idea. Doing this will be the surest way to achieve compound interest rate leverage and minimise the risks of delaying investments.It is necessary to decide the asset class to invest in (property, shares, or crypto). If the answer is crypto, then investing in the top three cryptocurrencies is a relatively risk-free strategy. Alternative cryptos can also be considered depending on the investors' age and the courage to take risks, but this requires more attention and decision-making.However, no one should be afraid to invest in crypto in a longer time frame as it is a technology that has come to stay. The blockchain is not a fashion trend but an innovative and elegant technology that corrects many of the shortcomings of the open Internet and centralised data processing.<h2 style="margin-left:0cm;">What else could we see happen in the cryptocurrency world?</h2>Social tokens and the DAO are one exciting development to follow in 2022.Social tokens are a solution that allows different brands and products to use technology to share revenue with their dedicated fans and co-workers. We live in an economy of attention, and communicating the message and rewarding contributions is a significant challenge for businesses in the future.On the other hand, DAO (Decentralised Autonomous Organisation) is an alternative to corporate governance practices where the founders decide on the day-to-day running of the organisation. Under current best practices, it is delegated to company executive boards. I see new meaning given to the term 'public company' in the coming years.At present, it is used to characterise public companies due to the transparency of their information sharing. Companies guided by the founders’ ongoing decisions will become public in the future. It makes the whole business much more diverse and dynamic and offers many people the opportunity to have a say in all aspects of its development.<h2 style="margin-left:0cm;">How does this all connect to the real world?</h2>Crypto development has brought both venture capital and talented people to this innovative technology.I am confident that in 2022, many new projects will emerge that will solve the real problems of the real world – from supply chain solutions to ensure the authenticity of organic products.&nbsp;It will be an exciting year, and it will not come as a surprise if many such projects take off from Estonia.&nbsp;

Andrew Veskimeister, head of business at Supplain discusses where is Web 3.0 heading in 2022.

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Where is Web 3.0 heading in 2022?

With so many NFT terms, it is almost impossible to know them all. So we have put together all our NFT vocabulary so you can become an NFT guru.

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NFT terms you need to know [Test your NFT vocabulary]

<figure class="image"><img src="/uploads/blog_pic_11_1_88ecb39510.png"></figure>Post summary:<ul><li>Why do so few women invest?</li><li>Why do women need to invest more?</li><li>How are women being supported with investing?</li></ul>Surprisingly (or unsurprisingly, depending on your view), very few women invest.<a href="https://www.fool.com/research/women-in-investing-research/#:~:text=By%20comparison%2C%20men%20keep%2059,money%20in%20the%20stock%20market.">Only 21% of women invest, compared to 41% of men</a> who place their savings into investment portfolios.&nbsp;What is more puzzling is that women hold <a href="https://www.bcg.com/publications/2020/managing-next-decade-women-wealth">32% of the world's wealth.</a>Why then are women such reluctant investors compared to their male counterparts?&nbsp;The truth is that women are missing out on investment returns they could earn from their money. They are losing out on alternative income streams and financial freedom by not investing.&nbsp;Crypto and NFT investing have often been lauded as simple and straightforward for all investor types. Yet, still, this is an area that is lagging in attracting female investors.&nbsp;<h2>Why do so few women invest?</h2><h3>Different end goals</h3>When building wealth, most women aspire to develop financial security for their families and set aside wealth for retirement.&nbsp;For men, this is different, who tend to prioritise accumulating more personal wealth.&nbsp;Even within the workplace, men are <a href="https://news.harvard.edu/gazette/story/2020/02/men-better-than-women-at-self-promotion-on-job-leading-to-inequities/">more ambitious in promoting themselves</a> for jobs than their female counterparts.&nbsp;The same attitude appears to prevail when concerning investing. Men seek to push themselves to obtain more financial wealth, whilst women have a lower investing rate.<h3>Aversion to risk</h3>In the UK, <a href="https://www.unbiased.co.uk/news/financial-adviser/women-and-investing#:~:text=According%20to%20UK%20investment%20statistics,of%20those%20opened%20by%20men.">only 7% of women invest in accounts</a> not related to the stock market.When women invest, they tend to take a more conservative attitude towards investments than their male counterparts, possibly due to lower confidence in accepting risk.Research from the <a href="http://arno.uvt.nl/show.cgi?fid=81419#:~:text=It%20is%20found%20that%20women,in%20financial%20markets%20than%20man.">University Van Tilberg</a> in the Netherlands backs up this attitude, stating that females are not keen on taking significant risks.However, you could argue that this does not necessarily mean that women are risk-averse or lack confidence.Instead, you could say that women tend to categorise how they view their finances.&nbsp;For instance, women will often ring-fence areas of their money to not be spent. For example, the savings they hoard for their children's school or university tuition – whilst some men (not all) take a more aggressive risk approach.However, it does appear that a more conservative attitude seems to pay off since women tend to statistically <a href="https://www.ft.com/content/f3835072-66a6-11e9-9adc-98bf1d35a056">outperform men in investment returns.</a>&nbsp;<h3>Male-orientated industry</h3>Perhaps a key barrier for women wishing to invest is the nature of investment institutions themselves.&nbsp;Financial services, like several other industries, sadly <a href="https://www.insider.com/male-jobs-women-underrepresented-numbers-2019-8#only-399-of-financial-analysts-are-female-4">still tend to be male-orientated</a> and do not cater to female audiences.Less female financial advisors can discourage women from feeling confident and trusting in investment products.&nbsp;<h3>The gender pay gap</h3>Sadly, despite women making up <a href="https://www.fool.com/the-ascent/research/gender-pay-gap-statistics/">47% of the labour force by 2024, they still only earn $0.80 for every $1 a man makes.</a>Meaning women are likely to have less disposable income than men because they earn significantly less.With lower income, women cannot put more of their earnings aside. A significant proportion of their income will be required for household expenses from paying rent or mortgage shopping and bills.With less remaining, women cannot invest as much, lowering their savings potential growth returns.<h2>Why women need to invest more</h2><h3>Women live longer</h3>It's no secret that, on average, women live <a href="https://www.worlddata.info/life-expectancy.php#:~:text=Life%20expectancy%20for%20men%20and%20women&amp;text=On%20average%2C%20US%20women%20are,and%2074.9%20years%20for%20women.">4-5 years longer than men.&nbsp;</a>Women have to build up more wealth to sustain themselves over this four-year gap. However, with their salaries, on average 20% lower than mens, it makes it even harder to have enough in retirement to live longer.Furthermore, putting away more during their working lifetime means women live on less during their employment years.&nbsp;This is why women must ensure that what savings they do have, grow exponentially.Stock market and alternative investing provide long-term growth, with the latter providing better returns in a shorter period, helping to cover the 4-5 year gap required in retirement.<h3>State retirement benefits are inadequate</h3>Countries' basic state pensions offer inadequate state retirement incomes.&nbsp;Whilst in retirement, most people will have lower expenses. To live only off state benefits will be challenging to live a comfortable life.&nbsp;Investing can build up a solid base income in retirement for women to complement their state and private pensions. It could also provide an opportunity for women to retire earlier than the state retirement age.<h3>Low returns on savings accounts</h3><figure class="image"><img src="/uploads/blog_pic_12_1_d39b35643e.png"></figure>Inflation typically sits at a <a href="https://www.federalreserve.gov/faqs/5D58E72F066A4DBDA80BBA659C55F774.htm">minimum of 2% per year.&nbsp;</a>Yet, savings rates across many global countries do not offer returns even to match that.How can women (or even men) keep pace with the cost of living from any savings they make, let alone afford to save for retirement?&nbsp;From stocks and shares to crypto, investing offers women (and men) an opportunity to earn higher returns on their savings than letting their cash sit deposited in a bank deposit account.&nbsp;Earning above the inflation rate will make a difference when you need to cash it out.<h2> How can businesses support women with their investing?</h2><h3>Make it easy to manage</h3>Financial investments, for whatever reason, always seem to use language and products that are complex to understand and time-consuming to implement.&nbsp;Both women and men are juggling careers, family and relationships, let alone understanding investment strategies.It's why we pay brokers to invest in funds on our behalf. In return, they (hopefully) obtain significant growth gains on our investments.Crypto investing was one such investment vehicle that removed the need for using investment managers. Thus, the savings made on not paying fees paid to an investment manager are given to crypto investors.However, this still needed women investors to select which cryptocurrencies to invest in.&nbsp;Another more enjoyable and fun option is <a href="https://supplain.io/news/what-are-nft-investments">NFT investing</a>. NFT investing offers women the opportunity to buy NFTs and hold, much like collectables, and then sell later on, knowing that the NFT they have cannot be fraudulently duplicated or stolen.&nbsp;With a global market for metaverse-related projects expected to be in the <a href="https://www.bloomberg.com/professional/blog/metaverse-may-be-800-billion-market-next-tech-platform/">$800 billion range</a>, it is easy to see why women are heading into the NFT space.<h3>Make investment ideas for women only&nbsp;</h3><figure class="image"><img src="/uploads/blog_pic_13_1_02a1eeace4.png"><figcaption>https://worldofwomen.art/wow.html</figcaption></figure>&nbsp;You will quickly realise that in the NFT space how male-dominated it is. Because it's a new technology with close ties to the cryptocurrency field, it seems to be attracting more men than women.We see this reflected in digital art as well. Particularly in the <a href="https://www.cnet.com/news/nfts-explained-why-people-spends-millions-of-dollars-on-jpegs/">NFT avatar space</a>, you quickly get the impression that many male creators are creating male avatars for other men. Yet there are now more women creating female <a href="https://uwucrew.art/">avatars for women.&nbsp;</a><a href="https://worldofwomen.art/">World of Women</a> is just one of the most popular female-focused NFT collections. The beautiful artwork is created by the artist Yam. It is easily recognisable because of her signature hand-drawn, colourful style.World of Women has high-profile backers, including Gary Vaynerchuk and Reese Witherspoon, demonstrating the importance of this space for women investors.<h3>Debunk the myth that investing is only for men</h3><figure class="image"><img src="/uploads/blog_pic_15_1_fb5976698d.png"></figure>Women make up, on average, just under <a href="https://www.catalyst.org/research/women-in-financial-services/">half of those employed in the finance industry</a>.&nbsp;The gap is closing; Deloitte produced research stating that it should increase in the next decade, with female leaders growing to 30% of the industry.Although the gap still has far to go, the myth that finance is the realm of a patriarchal-dominated sector is finally eroding.With more women taking up leadership positions in financial institutions, removing this harmful myth will convince more women that investing is for them and not only men.&nbsp;<h2>Investing is for all</h2>Investing shouldn't be about becoming super-wealthy.Instead, it's about prioritising women's future and ensuring there's enough at the end of their lives.&nbsp;With all types of investing, women can still spread the risk, earn higher than average returns, and help even the financial gender gap.We can never have too many women in the NFT space or any other field for that matter. One way to support better female representation is by buying and sharing projects like the ones covered in this article.&nbsp;Even our very own <a href="https://supplain.io/news/crypto-queens-women-nft-space">co-founder Keirin</a> is proof that more women are now leading the NFT investing space with <a href="https://worldoffreight.xyz/">World of Freight NFTs.</a>Women are just as capable of handling both their own and their family's financial accounts and have demonstrated that they can outperform their male counterparts.&nbsp;Nevertheless, getting women to take the leap of faith and invest can be challenging if they have never done it before.&nbsp; &nbsp;

Very few women invest, yet they statistically outperform men when they do. Why, then, are not more women investing?

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Why do so few women invest?

NFTs with a utility are the future of the <a href="https://supplain.io/news/crypto-queens-women-nft-space" target="_blank" rel="noopener noreferrer">NFT space</a>. Our team strongly suggests finding projects with utility because they carry real-world and quantifiable value.Yes, specific projects carry no utility and have increased value for the holders. Still, these cases are much slimmer than the media portray.At the time of writing, there are over 23 million assets for sale on the world's largest NFT marketplace, <a href="https://opensea.io/">OpenSea</a>. Not all these assets will appreciate, especially as the NFT universe is ever-expanding and simply immense.<h2>What is a utility NFT?</h2>An NFT assigns a use to the digital asset outside of owning a piece of artwork. A utility NFT can be where someone receives a physical piece of art that matches the NFT they purchased; it could be unique access to an event, exclusive in-person memberships, or future use in the digital world (think within a game).Projects that define themselves in the Utility range are their ultimate use. There are examples of utility where you buy an NFT and receive hand-painted artwork; some offer exclusive events, use in a digital world (think gaming), or towards a real-world project building element (like the <a href="https://worldoffreight.xyz/">WOF Labs project</a>).Everyone wants the next Crypto Punk or Bored Ape Yacht Club, but the likelihood of finding and obtaining a high-flying NFT is quite slim. The team at Supplain suggests focusing on NFTs with utility, purpose, and a strong community (like ours). You cannot go wrong investing in a project with solid real-world value. Hopefully, the NFT will increase in value, justifying the investment.<h2>Here are the top NFTs with Utility</h2><h3>Gaming/Metaverse</h3><figure class="image"><img src="/uploads/19_6728b2afca.png" alt="Racing arena"></figure><a href="https://worldoffreight.xyz/">World of Freight (WOF)</a> - Racing game with ground, water, air &amp; space-type vehicles. All NFTs passively generate $WOF tokens that are usable for customising &amp; upgrading the vehicles. The community is also building a real-world supply chain blockchain, Supplain.<a href="https://nft.fractal.is/">Fractal</a> - NFT Gaming marketplace launched on Solana by a Twitch co-founder. Within a matter of days, they attracted over 100k Discord members. The Fractal team consists of Ecommerce specialists from platforms including XPD Media, Google Drive, Fast, Shopify. The first 100k members get airdropped genesis NFTs to Discord that game developers can utilise, giving the NFT holders special access to in-game content, secret levels, characters, and much more. Different rarities yield better access.<a href="https://themetakey.com/">Metakey</a> - Four different collections starting with Genesis Editions. Keyholders can access special perks, material, characters, discounts, and airdrops across multiple platforms, blockchains, and games. A really cool example is the key access to unlock a secret door to an exclusive clubhouse in Decentraland. Unique outfits are also available in Decentraland.<a href="https://niftyville.net/">Niftyville</a> - open-world style gameplay akin to a GTA metaverse - creates a new life in-game, explore the town, drive around the backcountry, go to shops, and meet friends; the possibilities are endless in Niftyville. By starting up businesses or shops, it is possible to earn passive income, with some in-game NFTs are available to get IRL. For example, VIP NFTs are sold to whitelist for exotic car NFTs. The rarest one minted will receive a #LAMBO! IRL! Staking available.<h3>Gaming/Items</h3><a href="https://axieinfinity.com">Axie infinity</a> - The game that propelled play-to-earn video games into the spotlight.<a href="https://www.illuvium.io">Illuvium</a>** - An open-world RPG adventure game built on the Ethereum blockchain where players quest to hunt and capture deity-like creatures called Illuvials.<a href="https://store.steampowered.com/app">NeoTokyo</a> - A multiplayer tactical first-person shooter featuring visceral and realistic combat in a futuristic setting. Released for Steam in 2014.<a href="https://zed.run">Zed.run</a> - A provably fair digital horse racing game built on blockchain technology. Create and manage your own stable. Built on Polygon.<a href="https://cryptomanga.club">CryptoManga</a> - 5,555 NFTs that represent digital ownership pseudonymous shells/identities existing in Deathless City, a post-civilisation world. Play as these characters along with their story.<a href="https://www.treasure.lol">TreasureDAO</a> - Treasure bridges the growing network of metaverses through an open and composable approach to the convergence of NFTs, Defi, and gaming.<a href="https://www.lootproject.com">Loot</a> - A project consisting of 8,000 NFTs full of words that depict "randomised adventurer gear" such as items commonly found in games like Dungeons &amp; Dragons. It is the first community-owned NFT gaming platform with limitless potential and applications using the metadata parameters of each NFT.<h3>Fashion/Luxury Goods</h3><a href="https://clonex.rtfkt.com/">CloneX </a>- Created by RTFKT, the team behind creating digital fashion NFTs usable in the metaverse. They have developed the ability to forge NFTs to create unique physical sneakers (they even sold sneakers to Nike). CloneX owners will receive ownership of metaverse avatars with full 3D files. Customised content and items can be created for their avatars usable in many different worlds and metaverses. Clothing and other items can also be created IRL.<a href="https://jigen.app/">Jigen</a>- NFT gateway for fashion and luxury items, bringing IRL items into the metaverse. GGG gives the ability to digitise and track a product's entire life cycle, putting an end to counterfeit goods. Unlock a new liquid market for these items across different chains. Features a utility coin for staking—first exclusive NFT drop in 2022.<a href="https://www.arianee.org/">Arianee</a> - An open-source protocol bringing NFTs to IRL luxury items. It gives digital life to physical products and the ability to claim/verify ownership of high-value luxury items, plus a market for selling them.<h3>Fine Art/Blue Chip Fractionalisation</h3><a href="https://funkymonkeyfrathouse.com/">Funky Monkey Frat House</a>- Created by Frank Miller (well-known DC Comic Artist) on an artist incubator platform. NFT holders get access to the POOL PARTY liquidity pool and trading platform (described as a 401K for NFTs, where holders can access blue chips through the pool along with revenue share on the Starship game + investing DOA for early holders).<figure class="image"><img src="/uploads/20_7a68c5b227.png"><figcaption>Crazyskullz</figcaption></figure><a href="https://crazyskullz.com/">Crazyskullz</a> - PFP project features staking to earn Bones tokens that can be used to buy into fractionalised blue-chip NFTs. Has ambitions to be one of the top portfolios on the market.<a href="https://eternalroyals.io/">Eternal Royals</a> - Art-centered project created by well-known digital artist Jesse Johnson. NFT holders get access to special discounts and art airdrops. Holders can also choose to have a 1:1 IRL canvas print of their NFT that can never be printed again, both unique digitally and IRL. Once printed, the actual NFTs metadata changes and gains a visual property change to signify the 1:1 has been printed.<h3>Gambling/Sports</h3><a href="https://coinleague.com/">Coinleague</a> - Fantasy crypto gambling and NFT platform on Polygon. Similar to your popular fantasy sports leagues/contests. Only this time NFT holders receive a revenue share from contest fees and special contest perks.<a href="https://www.slotie.com/">Slotie</a> - Your ticket into the largest and fastest-growing casino network, also known as 'DEFI gambling.' NFT holders get IRL benefits at 150 casinos worldwide. Plus, holders get revenue share, rakeback, staking, and breeding new machines generating even more yields.<a href="https://autograph.io/">Autograph</a> - Sports-based NFTs on Polygon that give fans access to their favorite players with unique interactions, meet-ups, individually signed editions, and much more unique content. Featured icons include Tom Brady, Tiger Woods, Naomi Osaka, Derek Jeter, Wayne Gretzky, Tony Hawk, Simone Biles, Usain Bolt, Rob Gronkowski, with more added all the time.<a href="https://www.nbatopshot.com/">NBA Top Shots</a> - Collect and trade officially licensed NBA digital Moment Collectibles, made by Dapper Labs.<a href="https://ufcstrike.com/">UFC Strike</a> - Another Dapper Labs project that features collectable NFTs from the UFC. The launch was less than ideal.<a href="https://sorare.com/">Sorare</a> - An NFT based fantasy soccer game/marketplace where one can buy, sell, and manage a virtual team with digital player cards.<a href="https://linksdao.io/">LinksDAO</a> - Creating the modern golf and leisure club through two membership tiers, Leisure and Global.<h3>Unique/New Idea</h3><a href="javascript:void(0)">Pawn Protocol</a> - Open source non-custodial liquidity protocol for loans backed by high-value NFTs. P2P lending/borrowing on Ethereum. Establishes a functioning credit market that is greatly needed to serve the asset class.<h3>PFP</h3><a href="https://www.larvalabs.com/cryptopunks">CryptoPunks</a> - Launched in June 2017 by Larva Labs. It has quickly grown in popularity to be known as the most prestigious NFT to date.<a href="https://boredapeyachtclub.com">Bored Ape Yacht Club</a> - Created by Yuga Labs, BAYC has skyrocketed in value as more celebrities flock to it. The project has generated more than $1 billion in sales.<a href="https://doodles.app">Doodles</a> - Launched in October 2021 by artist Scott Martin aka Burnt Toast. The closed community pre-mint idea was a unique start to the project and rewarded early Discord members. Many projects follow this model now.<a href="https://coolcatsnft.com">CoolCats</a> - Another blue-chip PFP NFT, created in July 2021.<a href="https://worldofwomen.art">World of Women (Wow)</a> - A community celebrating representation, inclusivity, and equal opportunities for all.<a href="https://cryptocoven.xyz">CryptoCoven</a> - "It's the season of the witch."<h3>Identity</h3><a href="https://www.unstoppabledomains.com/">Unstoppable Domains</a> - Web3 decentralised infrastructure, own your domain and build decentralised websites within it.<a href="https://ens.domains/">Ethereum Name Service (ENS)</a> - Similar to Unstoppable Domains, living primarily on the Ethereum blockchain<h3>NFT ownership-based Governance</h3><a href="https://snapshot.org/#/">Snapshot</a> - Essentially a decentralised voting system providing gasless, easy to verify, and hard to contest results.<h3>Ticket/Token Gates</h3><a href="https://www.fwb.help/">FWB</a> - Friends with Benefits is the ultimate cultural membership to the world's most popular Web3 artists, operators, and thinkers. To join, you must hold $FWB tokens.<a href="https://www.meebitsdao.world/">MeebitsDAO</a> - Aims to create a vehicle for funding innovative projects to develop the ecosystem around Meebits.<a href="https://www.whaleroom.org/">Whaleroom</a> - Helping to provide the best experiences for your community via token-gated rooms to discover new ways to interact and engage with your holders.<h3>Defi</h3><a href="https://fractional.art/">fractional.art</a> - Provides the ability to own fractional pieces of popular NFT art. Allows the smaller holder access to these markets.<a href="https://yieldguild.io/">YGG</a> - Yield Guild Games allows for access to fractionalisation and defi for gamers.<a href="https://nftx.io/">NFTx</a> - Gives the ability to create, mint, and trade NFT-backed tokens.<a href="https://pwn.finance/">PWN Finance</a> - PWN is a hub for peer-to-peer loans backed by collateral coins and popular NFTs.<h3>Investment</h3><a href="https://pleasr.org/">PleasrDAO</a> - Is a collective of Defi leaders, early NFT collectors and digital artists who have built a formidable yet benevolent reputation for acquiring culturally significant pieces with a charitable twist.<a href="https://www.flamingodao.xyz/">FlamingoDAO</a> - Flamingo aims to support, purchase, archive, collect, and potentially tokenise essential pieces of the NFT ecosystem.<a href="https://www.vitadao.com/">VitaDAO</a> - VitaDAO is building a global community of longevity scientists and enthusiasts discovering and funding the most promising research. It is also financing, researching, and collectively supporting promising areas of longevity.<h3>Science/Research Fundraising</h3><a href="https://nebula.org/whole-genome-sequencing-dna-test/">DNA Test by Nebula Genomics</a> - The complete DNA testing enabled by Whole Genome Sequencing while holding your privacy as a top concern and feature.<a href="https://www.molecule.to/">Molecule</a> - Connects leading researchers to investors by turning intellectual property and data into liquid assets. It aims to accelerate the process of bringing novel therapeutics to patients.<h3>Wearable/Fashion/Brand Marketing</h3><a href="https://thedematerialised.com/">Dematerialised</a> - The purpose is to converge and nurture the emerging digital fashion ecosystem providing viable new revenue streams and visceral experiences with a Web3 marketplace for authenticated virtual goods.<a href="https://rtfkt.com/">NIKE/RTFKT</a> - Uses the latest in-game engines, NFTs, blockchain authentication and augmented reality, combined with manufacturing expertise to create one of a kind sneakers and digital artefacts. Bought by NIKE.<h3>NFT Gallery/Curation</h3><a href="https://jpg.space/">jpg.space</a> - Bringing together curators, collectors, and creators through a protocol focused on NFTs. Users can create their own exhibitions of any Ethereum based NFT.<a href="https://showtime.io/">Showtime</a> - Another Web3 social network to show off NFTs, photos, and videos.<h3>Music</h3><a href="https://royal.io/">Royal.io</a> - Invest in artists and share their success. Musicians can sell royalty ownership in their songs and give collectors access to special perks.<h3>Food</h3><a href="https://www.flyfishclub.com/">Restaurant Flyfish Club (FFC)</a> - The world's first member's only private dining club where membership is purchased as an NFT. Holders gain access to their restaurants and various culinary, cultural, and social experiences.<h3>Arts (Curated)</h3><a href="https://superrare.com/">SuperRare</a> - Think of Instagram meets Christie's. Marketplace for unique single-edition digital artworks.<a href="https://knownorigin.io/">KnownOrigin (KO)</a> - Discover, collect, and invest in rare, limited edition digital artwork.<a href="https://foundation.app/">Foundation</a> - Platform aims to build a new creative economy - a world where creators can use the Ethereum blockchain to value their work in entirely new ways and build stronger connections with their supporters.<a href="https://niftygateway.com/">Niftygateway</a> - A marketplace and a custodial platform. Allowing storage of NFTs in a secured platform wallet powered by Gemini's state-of-the-art custody technology. This also means gasless sales and transfers.<a href="https://help.coinbase.com/en/nft/launch">CoinbaseNFT</a> - Yet to be released has already amassed a 2.5 million waitlist count.<h3>Arts (Open)</h3><a href="https://opensea.io/">Opensea</a> is the most popular open NFT marketplace, although it has its fair share of drawbacks and complaints. It continues to break sales volumes and records. $3.4 billion of volume was achieved in August 2021.<a href="https://rarible.com/">Rarible</a> - World's first "community-owned marketplace."<a href="https://makersplace.com/">Makersplace</a> - Another open marketplace option<a href="https://looksrare.org/">LooksRare</a> - Created during a frenzy of free airdrops/claimable tokens, LooksRare attempts to dethrone Opensea as the premier marketplace for NFTs.<h3>Art (Traditional Auction House)</h3><a href="https://www.christies.com/">Christie's Encrypted</a> - Famous for the record $69 million sale of Beeple's "Everydays: The First 5000 Days" in March 2021 that ultimately released the NFT bull market frenzy.<a href="https://metaverse.sothebys.com/">Sotheby's Metaverse</a> - A collaboration between Hackatoo, NFT Studios, Sotheby's and AMD involving a generative PFP project that evolves over time through interchangeable art pieces. Queens+Kings.<h3>Virtual Land/Metaverse</h3><a href="https://www.nftworlds.com/">NFTWorlds</a> - Metaverse featuring 10,000 unique worlds using Minecraft open-source software at its base. A growing number of projects are building out worlds for their user base, including BAYC.<a href="https://www.sandbox.game/en/">The Sandbox</a> - Another very popular metaverse acquired by rising Animoca Brands in 2018. Companies like Adidas have purchased plots of land here to build experiences.<a href="https://decentraland.org/">Decentraland</a> - The virtual destination for digital assets. Likely the first uber-successful metaverse in the world that really highlighted the blossoming industry.<a href="https://www.pavia.io/">Pavia</a> - Cardano's first-ever digital world. 100,000 land parcels.<a href="https://www.cornucopias.io/">Cornucopia</a> - Another Cardano project that is a massive play-to-earn, build-to-earn, and learn-to-earn metaverse game.<a href="https://www.bloktopia.com/">Bloktopia</a> - This is a futuristic Skyscraper metaverse land made up of 21 levels brought together by Animoca Brands, Polygon, Avalanche, Dextools, and many more high profile investments.LIST TO BE CONTINUED….

NFTs with utility is the future of the NFT space. Read our updated list of the top NFT utilities that carry real-world and quantifiable v

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Here are the top NFTs with Utility [Updated List]

Those into their non-fungible tokens and the NFT environment are probably aware of the misconceptions surrounding what NFTs can be used for.Headlines of purchased digital artwork selling for gargantuan amounts have led many to believe that non-fungible tokens are predominantly offered as artwork and can be 'right-clicked saved.'This is not the case; NFTs have many use cases other than digital artwork. We’ve written about 10 industries that are early adopters in using NFTs.<h2>NFT use cases</h2><h3>1. NFTs in supply chains and logistics</h3><figure class="image"><img src="/uploads/22_d3476a7108.png" alt="Logistics worker"></figure>The primary function of non-fungible tokens in the supply chain lies in authenticating products, ensuring their quality, and verifying their origin. Although in the early stages, non-fungible tokens on the blockchain <a href="https://ecommercenews.eu/800000-online-stores-europe/">are suitable for logistics applications</a> because of their transparency and immutability, which keeps supply chain data authentic, accurate, and reliable. Knowing the location of the goods, their origin, and how much time they have been in transit is vital in the food and other perishable goods industries.Furthermore, non-fungible tokens eliminate counterfeiting, help track and trace the movement of supply chain goods. For luxury fashion brands exposed to counterfeiting their products, NFTs guarantee authenticity.Within the automobile industry, non-fungible tokens provide information regarding each material and component in a particular product for every business associated, like those that supply individual parts, helping with cost control. Lastly, non-fungible tokens are useful for enterprises looking to track the use of recyclable and sustainable materials.<h3>2. NFTs for ticketing/branding</h3>While non-fungible tokens have found an affinity in the art world, they are also being used in other places thanks to their ability to prove scarcity. Concert tickets rely on non-fungibility to prevent fraud, making them prime contenders for adopting non-fungible tokens.One example was the rock band Kings of Leon releasing non-fungible tokens to commemorate their latest album release. The most limited of the bands' three tokens were an NFT ticket to a concert as part of the album launch.Yellowheart is one such company that assists record labels in gaining tighter control over merchanting and tickets. NFT.Kred allows any event organiser to create a non-fungible token as a ticket in just a few clicks.<h3>3. NFTs to gain access</h3>NFTs can provide access similar to a ticket stub. NFTs are non-fungible and trackable via the blockchain, and thus the ideal solution for removing physical stubs and providing digital, trackable, and traceable options.Additionally, thanks to smart contract capabilities combined with NFTs, you can write in terms &amp; conditions, expiry dates, and other restrictions. So, this one NFT makes it simple for both parties to keep track of their tickets and the information stored on that individual ticket.Gary Vaynerchuck's NFT project, <a href="https://veefriends.com/faqs">VeeFriends</a>, is one perfect example of non-fungible tokens that provide access. All VeeFriends token holders obtain access to VeeCon — a multi-day event exclusively for VeeFriends, making them highly collectible.<h3>4. NFTs as collectibles</h3><figure class="image"><img src="/uploads/23_da88263605.png" alt="Wof NFTs"></figure>Owning a non-fungible token has several benefits, one being the collectibility aspect. Non-fungible tokens are often associated with collectors due to their ease of verification and authentication.Many collectors face one concern regarding physical collectibles: their ability to replicate or make original copies. Buying a fake collectible is upsetting, costly, and often associated with organised crime.That's why NFTs are invaluable.The time a non-fungible token is minted, it is tracked on the blockchain. The blockchain allows you to view an NFTs entire transaction history, including its date, who created it, and its current location, thus enabling collectors to quickly verify an asset's authenticity. Non-fungible tokens may also help collectors make better buying decisions since they can see the sales history of any non-fungible token.In addition to the ease of authenticating a non-fungible token, collectors can also trade their collectibles on one of the many available non-fungible token marketplaces, making non-fungible tokens a stress-free and frictionless way to verify and buy and collect an asset, regardless of where they own it or not.<h3>5. Time NFTs</h3>While much of the focus on non-fungible token use cases are associated with creating a verified version of a product, the technology's potential is also being used to tokenise people's time.With freelance work exploding worldwide due to the great resignation - freelancers are set to be <a href="https://spendmenot.com/blog/freelance-statistics/">80% of the global workforce by 2030</a> - employment marketplaces like Upwork have made millions by facilitating employers to hire freelance and casual workers.Upwork <a href="https://arateg.com/blog/how-to-make-a-freelance-website-like-Upwork">generated $374 million in revenue in 2020</a>. That led to the emergence of projects like <a href="https://microsponsors.io/">microsponsors</a> that use non-fungible tokens as a way for freelancers to get hired without paying intermediaries.The time a non-fungible token is minted, it is tracked on the blockchain. The blockchain allows you to view an NFTs entire transaction history, including its date, who created it, and its current location, thus enabling collectors to quickly verify an asset's authenticity. Non-fungible tokens may also help collectors make better buying decisions since they can see the sales history of any non-fungible token.<h3>6. NFT loans</h3>NFTs can replace traditional loans, offering numerous benefits over having a stack of papers and several obstacles applicants need to complete before they can even qualify for a loan.With NFT-backed loans, you can access and keep track of the leased NFT provided by following the transaction from the initial lending date. Suppose a loan repayment defaults. In that case, the owner can automatically claim back the NFT with the entire process taking place without intermediaries.Thus, loans are strictly peer-to-peer, keeping fees low, trust high, and transparency at the forefront of the entire contract.Today, some <a href="https://nftfi.com/">NFT loans</a> include marketplaces that allow you to offer your non-fungible tokens as collateral in exchange for a loan. These loans are immediate, decentralised, and automated, all advantages you won't receive with a traditional loan.<h3>7. NFT coupons</h3>People already use digital coupons daily. Whether we add a coupon code to our purchase at the checkout or redeem our free product on the McDonalds' app, humans are attracted to the idea and ease of using digital coupons. So, how can non-fungible tokens be used to make coupons even better?Non-fungible tokens can be kept as coupons inside a single digital wallet, meaning you can organise all the coupons you've collected in an easy-to-view manner in one location. Plus, since the coupons are stored in digital wallets that public eyes can view, the companies providing these coupons have the potential for more exposure.As well, smart contracts can automatically deactivate any coupons which may expire and provide all the terms for the coupon within the non-fungible tokens. Additionally, you can trade and sell owned coupons on NFT marketplaces, making coupons a way to create and save money.One more consideration is that NFTs could be used in the metaverse as virtual coupons. As more companies like Sony, Meta, Microsoft, and Nike make their way into the metaverse, they will search for ways to provide their loyal customers with special promotions and discounts, with NFTs being an excellent option for this purpose.<h3>8. NFT memberships</h3><figure class="image"><img src="/uploads/24_1399499d6b.png"></figure>Like a coupon concept, NFTs can also be used as a membership to attend special events and gain access to limited-edition products and unique services. A non-fungible token membership is frictionless, transparent in its intent. It permits membership to be effortlessly bought, sold, and traded for any asset on the blockchain.Owning all your memberships in one wallet or place, regardless of the membership type, makes it much easier to track all of your memberships. People can also use memberships to demonstrate their loyalty (or superiority) to particular peer groups, potentially leveraging their brand and even their credibility.For instance, one NFT that offers collectors membership access is the renowned <a href="https://boredapeyachtclub.com/#/">Bored Ape Yacht Club</a> (BAYC). The BAYC NFT collection doubles your membership to a swamp club for apes.Also, collectors of BAYC non-fungible tokens love demonstrating their asset by splashing their BAYC NFTs across social media, primarily as their profile picture, and thus, showing how particular non-fungible tokens can leverage their brand clout.<h3>9. P2E (Play-to-Earn)</h3>Play-to-earn is enormous for both gamers and NFT collectors alike. Games including <a href="https://axieinfinity.com/">Axie Infinity</a> offer players a way to earn money by investing and spending time in the game. The gaming industry has been adept at providing players the opportunity to customise and profit from their in-game experience.Players earn cryptocurrency to exchange for fiat currency by breeding, trading and battling others.This use case for NFTs, with its ability to earn real cash by playing a game, will get more people playing P2E NFT-based games and invest more time and money in them.Axie Infinity is one example of P2E NFT gaming in this space. Fortnite is another and one of the leaders in P2E style gaming.In 2019, Fortnite's 350 million players spent an average of <a href="https://www.businessofapps.com/data/fortnite-statistics/">$82 on in-game content</a>. The following year the <a href="https://www.businessofapps.com/data/fortnite-statistics/">company made $5.1 billion</a> with its users buying clothes and accessories to adorn their avatars. However, the gaming industry has struggled to combat <a href="https://www.kaspersky.com/blog/top-four-fortnite-scams/37896/">fraud</a>.There are reports of buyers being <a href="https://www.reddit.com/r/Twitch/comments/fbvrj1/fake_twitch_streams_are_scamming_people_for_their/">mis-sold items</a> or users being <a href="https://nakedsecurity.sophos.com/2019/12/04/steam-players-beware-of-fake-skins-as-phishers-try-to-hijack-accounts/">subject to phishing attacks</a>. NFTs offer a layer of protection against fraud as they can provide a secure way of verifying ownership and keeping player accounts more secure.<h3>10. NFTs as virtual accessories</h3>Virtual accessories are gaining in popularity. Already seen some big-name brands, including <a href="https://newsable.asianetnews.com/business/nike-to-sell-virtual-footwear-clothes-accessories-as-it-plans-to-set-foot-in-metaverse-gcw-r2as28" target="_blank" rel="noopener noreferrer">Nike, Gucci, and D&amp;G</a>, enter the <a href="https://supplain.io/news/crypto-queens-women-nft-space" target="_blank" rel="noopener noreferrer">NFT space</a>, offering collectors the first opportunity to buy virtual goods.These virtual accessories are sold in the form of non-fungible tokens. The holders of these digital assets can use them in a virtual world now widely known as the metaverse. User-operated virtual avatars, accessories, and various events will begin to populate the metaverse.Moreover, some of the virtual accessories that NFT holders can purchase are eligible to unlock the physical product itself once it enters the market, but at limited-edition drops that are not publicly available to all.<h3>NFTs have several purposes</h3>You can apply non-fungible tokens everywhere you see something unique, be it art, legal documents, personal identification cards, or any branded product.NFT use case possibilities will be endless, and as part of Web 3.0, is a new industry that is growing at a phenomenal rate.NFTs have captured the world's attention by disrupting the art industry. But there are several other sectors non-fungible tokens are primed to change.Read about more companies in the <a href="https://supplain.io/news/top-nfts-with-utility">NFT space here</a>.

NFTs are not only about digital art. There are several NFT use cases that are being used to change their industry as NFTs did to the art world.

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Wof NFTs

Are NFTs only about digital art? Actually, no.

Supply chains have suffered in the last two years. 2022 will see new supply chain trends and predictions need to look out for.

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Small automated robots

Supply chain trends and predictions to look out for in 2022

A digital-only artwork by <a href="https://techcrunch.com/2021/03/11/beeples-69-million-nft-sale-marks-a-potentially-transformative-moment-for-the-art-world/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAGw8TL867J0bz7LyqDo6DLl0rLM3iFnVJzwOu58QS0WZWtto0kZGhEPQZ5WyaSXVBzysSzXoc8dsJbojLbjgc45UiYEsgGx6sqHX_5WKq8eo85YflxmuR87q408MigBYiplGgU-zS4Y0vQSNj4Ck3ZdD_whwf9wxT6MkJ119UXjG#:~:text=Today%2C%20the%20auction%20of%20an,Winkelmann%20%E2%80%94%20known%20online%20as%20Beeple.">Beeple sold at Christie's auction house for a whopping $69m</a>. However, the bidder will not get a physical piece of artwork like you'd usually expect.Instead, the winning bidder will receive a unique digital token known as a non-fungible token (NFT).If Bitcoin is the digital answer to currency. Then NFTs are the digital answer to collectibles.However, despite the enormous amounts quoted and traded, some believe that NFTs are a bubble that will burst soon.<figure class="image"><img src="/uploads/16_b2472f3f64.jpg" alt="Many-many NFTs"><figcaption>Credit: Beeple</figcaption></figure><h2>What is an NFT?</h2>NFT is short for 'non-fungible token'.A fungible asset is a unit that can be interchanged with the same value it initially held, much like money is today.People can exchange two 10 euro notes and receive a €20 note in return; the value remains the same, whether as two banknotes or one = €20.However, a non-fungible unit cannot be interchanged with something else. It could be a car, a house, or a piece of artwork like The Last Supper.It is one of a kind.You can take a photo or buy a copy, but it will never be the original.Non-fungible tokens are 'one-of-a-kind' assets that can be digitally bought and sold like any other asset.These digital tokens can be surmised as certificates of ownership for virtual or physical assets.<figure class="image"><img src="/uploads/17_9fdea75d54.png" alt="Pop NFT"></figure><h2>How do NFTs work?</h2>One-of-a-kind assets are what make them highly valued. Think of an artist painting like the Mona Lisa; fraudsters cannot duplicate the original. Thus it has become very valuable and can fetch large sums of money if sold.However, others can quickly and endlessly duplicate digital files with a digital asset - they create a 'copy.'To ensure originality, a piece of artwork can be 'tokenized' to create a digital certificate of ownership that could be bought and sold and guarantees that the token holder has the original.Much the same as cryptocurrency, the record of who owns what is stored on a ledger known as the blockchain.Fraudsters, hackers, and those wishing to copy files cannot forge the records because the ledger is maintained by thousands of computers worldwide.Furthermore, NFTs can contain smart contracts that could reimburse the artist for any cut if the token is sold as part of a future sale.<h2>If anyone can copy digital art, won't it lose its value?</h2>It depends on your perspective.Beeple's $69m artwork has been copied and shared across the internet, with millions viewing the artwork itself.Even the artist himself retains the copyright ownership, so he can produce more copies if he wishes.However, the buyer or holder of the NFT owns the 'token' that proves they own his original work. Think of it like they have the only copy of an autographed artwork.Because of this, prices for NFTs have skyrocketed.<h2>How much are NFTs worth?</h2>Recent headlines of multi-million-dollar sales have fueled interest in the NFTs, not only for digital artwork.<a href="https://www.bbc.co.uk/news/world-us-canada-56307153">Twitter's founder and CEO, Jack Dorsey, has promoted an NFT of the first-ever tweet</a>, with bids beginning at $2.5m.Musician Grimes<a href="https://www.bbc.co.uk/news/technology-56252738"> sold some of her digital art for more than $6m</a>.Even the animated Gif of Nyan Cat - a 2011 meme of a flying pop-tart cat - <a href="https://foundation.app/NyanCat/nyan-cat-219">sold for more than $500,000</a>!However, as with cryptocurrencies, there is so much written about how they will always rise in value, yet market saturation could quickly implode <a href="https://cointelegraph.com/news/nft-prices-will-eventually-crash-says-litecoin-creator-charlie-lee">because it is so easy to create an NFT</a>.Could this dent demand for NFTs?<h2>Is <a href="https://supplain.io/news/women-investing-nfts" target="_blank" rel="noopener noreferrer">investing in NFTs</a> worth it?</h2>Because of the high sums mentioned above, NFTs attract investors considering the resale values that all artwork pieces can command.As with physical artwork, it owns the art itself does not make the holder rich. It sells the art to the highest bidder willing to pay for it enriches the holder.However, because NFTs are a relatively new investment class, not all understand the potential (or lack thereof) value.Unlike the stock market, it is hard to price digital art, where the stock price is how much the investment is worth. Especially as NFTs are often very illiquid.Investors can buy a stock at a specific price and then sell it when it's at a higher price, making them a profit in the process.With digital art, though, its value depends on how much someone is willing to pay for it, making NFTs a precarious investment.NFTs are highly speculative because it's hard to determine how much a tweet, meme, or image is worth to someone else. What may seem valuable to you at the time is worthless to others, meaning you may not be able to sell the NFT at all.NFTs are interesting, although they are not suitable for all investor types. Those who wish to consider this alternative investment should only buy what they can afford to lose.When your portfolio bulk is invested in lower-risk ventures, you can get curious about whether you have some funds to spare to invest in NFTs.Alternatively, you can observe others attempt to monetize NFTs from the sidelines before deciding to venture into this investment strategy.<figure class="image"><img src="/uploads/18_187f0cbdf5.png" alt="Cartoon of a guy spilling money"></figure><h2>Are NFTs just a bubble?</h2>Digital artists have always struggled with copyright and plagiarism of their artwork.Artists can add their artwork to social media platforms and online galleries to make a profit.However, the caveat to this ease is that it only takes a few clicks for others to copy and download the work for private use without compensating the artist.As discussed above, NFT solves this problem by acting as a virtual certificate of authenticity. Essentially it ties the original digital artwork with the token, thus giving the digital image a higher value than an artist's signature on the physical artwork.The certificate of authenticity or token cannot be forged or copied by anyone as it exists on the blockchain.And yet, there are concerns that this precarious and speculative bubble could crash despite this authenticity, bringing down inflated investor prices with it.Digital artwork relies on manufactured <a href="https://policyreview.info/open-abstracts/digital-scarcity#:~:text=Digital%20scarcity%20is%20a%20credibly,and%20used%20entirely%20digitally.%E2%80%9D%20">digital scarcity</a> - if there is less of something unique, like an NFT piece of work, the price remains high because it is 'one-of-a-kind.'But should artists decide to sell multiple tokens on one piece or not, the market cares for digital scarcity (think music downloads). The price of NFTs could drop for prospective collectors or buyers.<h2>The future of NFTs</h2>Much of the generated value in NFTs is indeed speculative.The biggest cryptocurrencies, Bitcoin and Etherium, and even the gimmick Dogecoin, began the same way. Two of them (Bitcoin and Etherium) have become global mainstays of currency exchange.What may seem ludicrous to pay for a digital token is now the norm.NFTs can provide long-term value creation for artists and businesses in the long term.Gaming companies and even the <a href="https://cointelegraph.com/news/nba-top-shot-leads-nft-explosion-with-230m-in-sales">NBA have devised ways to use NFTs</a> for their profitable benefit.NFTs may be viewed as a bubble, but they are here to stay.

NFTs are commanding exorbitant sums of money. But what are they, and are they worth investing in to make money?

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Everydays: the First 5000 Days

What are NFTs, and why are they worth investing in?

<figure class="image"><img src="/uploads/gold_1_de56884f8b.png" alt="Bitcoin on top of gold"></figure><h2>What happened to gold prices?</h2>Based on the commonly held view that investors invest in gold during volatile times, you would expect gold to rally when markets fail, as happened during the COVID-19 pandemic.With gold prices failing to recover their values as they previously did during economic crisis periods. Many investors have wondered whether gold's crown has been surpassed by investing in digital cryptocurrencies like bitcoin instead?When gold climbed to <a href="https://goldprice.org/gold-price-today/2020-06-30">$1,700 in the early months of the COVID-19</a> lockdowns, gold enthusiasts began to celebrate their patience from the preceding slump in prices.However, their celebration was short-lived. Gold stumbled and remained around <a href="https://goldprice.org/gold-price-today/2021-05-16" target="_blank" rel="noopener noreferrer">the $1,700 - $1,800 mark</a> where it remains at the time of writing this article.The metal has been pronounced dead.Alternatively, bitcoin entered the COVID-19 lockdowns <a href="https://www.bitcoinprice.com/">around the $10,000 mark</a>, lower than its high in 2017.By the end of 2020, gold was just around the $1,900 mark, yet bitcoin had exploded 190% to $29,000 per coin, reaching the $45,000 mark less than six months later, with gold still the same price.<h2>Parallels between gold and bitcoin investing</h2>Between 2008 and 2021, both gold and bitcoin values ran virtually in tandem, both in an upward trajectory.Although price fluctuations connected with bitcoin were more volatile than gold prices, they both managed to attract investors, labeling both the gold standard of alternative investing.There were many parallels with both bitcoin and gold investors at this time.Both believed the dollar was at imminent risk of sharp and severe devaluation.The metal has been pronounced dead.Both saw inflation as eroding into their investments, and neither trusted governments per se. Both bitcoin and gold aficionados believe that governments worldwide actively stoke inflation as a means of indirect taxation and, thus, private wealth confiscation.In other words, both believed that paper fiat currencies or cash was not worth investing in. With bitcoin and gold in limited supply, their investments provided sound returns.But that is when the parallels ended. From then on, both prices began to diverge.Bitcoin prices began to soar at a rapidly growing rate. Investors began to flee the gold markets in favor of the new 'golden boy' of investing.<figure class="image"><img src="/uploads/gold_2_2eed8e4ca0.png" alt="Diagram"></figure>&nbsp;<h2>How did bitcoin take over gold's crown?</h2>Bitcoins and the concept of digital cryptocurrencies have increased in credibility.Some investors are now prepared to view bitcoin as a viable alternative investment vehicle to gold when looking to shrug off the declining values of paper fiat currencies.A rise in the popularity of cryptocurrency helped fuel a growth in demand for digital currency, which has helped boost the price of crypto coins, including bitcoin's, accordingly.Furthermore, entrepreneurs like Elon Musk become the poster child for the currency's viability and credibility.However, Musk's predictions almost came across as a pump and dump scheme. one day buying up <a href="https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html">billions of the digital currency</a>, making its value soar. A few months later, he changed his stance, stating that bitcoin mining causes too much <a href="https://www.bbc.com/news/business-57096305">environmental damage and saw the value suffer as a result</a>.It is also sentiment that has played a pivotal role in viewing why bitcoin's value remains higher than gold and whether it will be considered gold's successor.<h2>Bitcoin optimists and gold pessimists?</h2>Bitcoin investors believe that the world is improving and that humanity is improving if technology advances human society.Bitcoin investors are technology enthusiasts. They believe that decentralized finance will be inevitable, from P2P payments, virtual currencies, and an increasingly globalized financial network. Bitcoin investors believe digital networks hold the key to a streamlined life cutting out the middle man and improving wealth amongst its holders.Bitcoin investors tend to be younger, around the millennial age or below, and have a better sense of optimism because they benefit from the digital revolution.They have seen extraordinary gains in their personal wealth because they were early adopters or have jumped onto the bandwagon in 2020. Thus, bitcoin investors are hugely optimistic about the currency's future use. It bodes well for them that the cryptocurrency is used more for their beliefs and wallets.Gold investors are more pessimistic because they tend to be more cynical and take a more pragmatic approach to the world. In times of conflict and crisis, will a digital currency hold up?They are not technophobes, far from it.Gold investors view technology as both good and bad. Good for getting information about prices and timing to buy commodities and stocks and bad that too much information has caused disinformation.Like how using <a href="https://www.thetradenews.com/the-reddit-revolt-gamestop-and-the-impact-of-social-media-on-institutional-investors/">social media influences the GameStop stock buying</a> network of Reddit retail investors thwarted institutional investors' plan to short the stock.Typically gold investors are older and probably wiser, viewing market peaks and crashes, bubbles, and general personal life experiences. Gold investors have lived through more and have the scars to show it.Gold investors' enthusiasm can be seen as an indicator of why they don't cautiously buy it or rush to buy bitcoin, although they value gold.<h2>So is bitcoin the new gold?</h2>Fundamentally, gold has proven over centuries to be inversely correlated with the performance of stocks, bonds, and fiat currencies in inflationary environments. When they suffer, gold prices go up.While claiming to be an alternative currency and a store of value, Bitcoin is an alternative asset, not an alternative currency. Bitcoin benefits from similar trends that drive up prices in the assets environment, namely that investment returns are sluggish.For an asset to be highly valued, it needs stability. Bitcoin is an excellent speculative investment as an inflationary asset bubble. However, provided its high volatility remains, it will never replace stable assets.In deciding whether bitcoin is indeed the new gold, investors should remember that the cryptocurrency market is still thinly traded and unregulated compared to the gold market.Meaning that sentiment and prices could quickly swing away from the digital currency, as what happened after an appearance from <a href="https://www.bbc.com/news/world-us-canada-57045770">Elon Musk on Saturday Night Live in May 2021</a>.Plus, governments are reluctant to accept cryptocurrency as payment, with some governments like <a href="https://www.bbc.com/news/business-57169726">China pushing back against it</a>, causing the coin's value to drop in a day.The conclusion has to be that while it can be a helpful instrument, it could be a risky conclusion to reach that bitcoin is about to replace gold as the default safe haven in times of trouble.

During times of crisis, investors flock to invest in gold. But lately, there is a new kid on the block - bitcoin. Is bitcoin now the new gold?

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Bitcoin coin

Is Bitcoin the new gold?

To infinity and beyond!April — “Let's have a quick call.”July — “Here's the first technical brief.”August — “We can sell 1,000 pictures of trucks as NFTs.”September — “<a href="https://worldoffreight.xyz/mint">Go mint, everyone!</a>”October — <a href="https://worldoffreight.xyz/wof-token">$WOF Token</a>, <a href="https://worldoffreight.xyz/fleet">My Fleet</a>, <a href="https://worldoffreight.xyz/garage">Garage</a>, <a href="https://worldoffreight.xyz/junkyard">Junkyard</a>, <a href="https://worldoffreight.xyz/freight-punks">Freight Punks</a>…November — <a href="https://www.nft.nyc/">NFT.NYC</a>, Racing Arena &amp; the development of Supplain starts…<figure class="image"><img src="/uploads/10_2068ea0329.png" alt="To infinity and beyond! April — “Let's have a quick call.” July — “Here's the first technical brief.” August — “We can sell 1,000 pictures of trucks as NFTs.” September — “Go mint, everyone!” October — $WOF Token, My Fleet, Garage, Junkyard, Freight Punks… November — NFT.NYC, Racing Arena &amp; the development of Supplain starts… Just Relax, Gonna Make it! — Credit: Grackle Just Relax, Gonna Make it! — Credit: Grackle We've come a long way in these last few months. All thanks to the World of Freight community and their full support! That said, the exciting times are only ahead of us… However, an official update is overdue since much has been discussed within the Discord community and our core development team. Thus, in the following few hundred words, I'll be giving an overview of what World of Freight has become and how far it will go. NB! This article will primarily focus on the World of Freight and its ecosystem, only covering Supplain a bit, as the latter has evolved enough to need a separate piece to cover all the updates — which is coming soon as well. What has World of Freight become? First, there was Supplain, then came World of Freight. I have previously written that our initial thought was to launch an NFT set to bring together a community of freight frens, together with whom we would ideate &amp; fund building a new-age supply chain blockchain. This is precisely what we did. On September 26th, we launched the sale of World of Freight NFTs. Two months later, we have almost 200 verified freight frens in our Discord, with over 600 World of Freight NFT owners in total. In this community, we have real-world truck drivers, logistics professionals, supply chain executives, developers of digital tools, venture capitalists, and other awesome people who love NFTs and crypto projects. Moreover, some community members have joined the WOF Labs core team, helping us build Supplain's infrastructure. However, since launching the initial collection, we have taken it much further. By now, it has become more than an NFT that brings together a community. This will always be its primary mission, but in addition, we are also creating an entire world of freight — with transformable vehicles, a P2E racing game, IRL events and many other fun activities. In fact, we have already launched a few of the initial add-ons: $WOF Tokens, our in-game utility token that all genesis vehicles earn. Freight Punks, the free mint NFT set with special future utilities. Garage, a place where one can upgrade their vehicles. Racing Arena, our first version of the game. Other than that, we have also initiated additional Discord-based activities, such as doing deep-dives into other projects the community members are keeping our eyes on and hosting trivia nights and a text-based RPG game. That said, I am very proud of how diverse our community has become and looking forward to what else will get introduced in the future. Examples of the vehicles that went through the Garage Examples of the vehicles that went through the Garage How far does World of Freight go? By now, we have established the foundation for the World of Freight. However, this is only the beginning. Together with our community, we have created the first diverse set of vehicles for the metaverse. Of course, the existing vehicles are far from being perfect. Yet together with Garage &amp; Racing Arena, it is a great starting point for everything that is to come. Garage Ever since we started, some of our freight frens have pointed out that the vehicles might need a revamp. And we totally agree that some look hideous, which is precisely why we created the Garage in the first place. In fact, Garage is the tool that lets us constantly evolve the genesis collection while also enabling the NFT owners to customise their vehicles further, generating a stronger bond between the owners and their machines. At present, Garage enables one to rename their vehicle, add a new slogan, change the background, or get a completely new paint job. (…the paint job might come with an entirely updated vehicle look) As for the future — one might've noticed that each vehicle has different stats. All these play an essential role within the Racing Arena. We will also make it possible to upgrade the stats. However, we will introduce some twists whereby the upgrades will only be available to those actually racing with their vehicles or participating in other future games. …there have even been rumours about having to collect craftable items. As well as accessories that can be attached to different vehicles. NB! It is also noteworthy that every upgrade makes the vehicle rarer. Racing Arena The initial racing game starts as a simple play-to-earn game with races for different vehicle types — space, air, ground &amp; water. The initial concept is straightforward: Choose a race type. Pick a vehicle. Pay $WOF tokens. Win or lose. That said, races have different prize pools and competing in more races opens up new possibilities. Starting from better vehicle upgrading opportunities. While also enabling one to access special features and new gameplay elements before others. For example, we are looking into making it possible to rent out the vehicles or print copies of them for future players once the genesis vehicles mint out. Other than that, we are ideating about creating a more complex supply chain management game where one would have to go on missions to collect specific elements and items, transporting them across the world of freight. And, we will also introduce a mechanic for using the Freight Punks within the Racing Arena. A Portal opens Did someone mention the metaverse? Ever since we started working on the World of Freight, we promised to take the vehicles to the metaverse eventually. And the first step for that is creating 3D models of the vehicles… However, we don't want to simply take the existing NFTs and create 3D versions of them. Instead, we shall create new, kick-ass vehicles that are metaverse-specific. Once this is done, we will be able to create an actual computer game, or enable third parties to do that with our vehicles. Other fun and exciting elements… We understand that not everyone is excited about playing games in the metaverse. And after all, we are firstly building a community of freight frens, along with the Supplain blockchain. That is why we are also working on some non-game related utilities, e.g. Members-Exclusive Merch Store. Treasure Hunt with Awesome Prizes (including a Tesla Model 3). IRL Live Events to Learn &amp; Have Fun. We will also have some extra airdrops for existing NFT holders, such as a metaverse trucker hat to existing NFT holders. As well as try to find other neat opportunities for our community members via cross-community giveaways and whitelisting possibilities. And this is just everything that has been previously discussed within our Discord community. Our team is constantly looking for new ideas, and we are happy to involve more people in implementing these ideas. More so, we hope to decentralise the whole World of Freight ecosystem eventually. And thus really encourage people to join in via deeper discussions already now. NB! If you have not gotten yourself a World of Freight NFT yet, get it now! Also, get yourself a Freight Punk! Also, get yourself a Freight Punk!"><figcaption>Just Relax, Gonna Make it! — <a href="https://opensea.io/assets/0x1a7e29a8c5d2320a1b56735b7654139e7b2860af/2137">Credit: Grackle</a></figcaption></figure>We've come a long way in these last few months.All thanks to the <a href="https://supplain.io/community">World of Freight community </a>and their full support!That said, the exciting times are only ahead of us…However, an official update is overdue since much has been discussed within the <a href="https://discord.gg/WorldOfFreight">Discord community</a> and our core development team.Thus, in the following few hundred words, I'll be giving an overview of what World of Freight has become and how far it will go.NB! This article will primarily focus on the World of Freight and its ecosystem, only covering Supplain a bit, as the latter has evolved enough to need a separate piece to cover all the updates — which is coming soon as well.<h2>What has World of Freight become?</h2>First, there was Supplain, then came <a href="https://worldoffreight.xyz/">World of Freight</a>.I have previously written that our initial thought was to launch an NFT set to bring together a community of freight frens, together with whom we would ideate &amp; fund building a new-age supply chain blockchain.This is precisely what we did.On September 26th, we launched the sale of World of Freight NFTs.Two months later, we have almost 200 verified freight frens in our Discord, with over 600 <a href="https://supplain.io/news/story-behind-wof">World of Freight NFT owners</a> in total.In this community, we have real-world truck drivers, logistics professionals, supply chain executives, developers of digital tools, venture capitalists, and other awesome people who love NFTs and crypto projects.Moreover, some community members have joined the <a href="https://www.linkedin.com/company/wof-labs/">WOF Labs</a> core team, helping us build Supplain's infrastructure.However, since launching the initial collection, we have taken it much further.By now, it has become more than an NFT that brings together a community. This will always be its primary mission, but in addition, we are also creating an entire world of freight — with transformable vehicles, a P2E racing game, IRL events and many other fun activities.In fact, we have already launched a few of the initial add-ons:<ul><li><a href="https://worldoffreight.xyz/wof-token">$WOF Tokens</a>, our in-game utility token that all genesis vehicles earn.</li><li><a href="https://worldoffreight.xyz/freight-punks">Freight Punks</a>, the free mint NFT set with special future utilities.</li><li><a href="https://worldoffreight.xyz/garage">Garage</a>, a place where one can upgrade their vehicles.</li><li><a href="https://worldoffreight.xyz/racing-arena">Racing Arena</a>, our first version of the game.</li></ul>Other than that, we have also initiated additional Discord-based activities, such as doing deep-dives into other projects the community members are keeping our eyes on and hosting trivia nights and a text-based RPG game.That said, I am very proud of how diverse our community has become and looking forward to what else will get introduced in the future.<figure class="image"><img src="/uploads/11_32b9d3bf2c.png"><figcaption>Examples of the vehicles that went through the <a href="https://worldoffreight.xyz/garage">Garage</a></figcaption></figure><h2>How far does World of Freight go?</h2>By now, we have established the foundation for the World of Freight.However, this is only the beginning.Together with our community, we have created the first diverse set of vehicles for the metaverse. Of course, the existing vehicles are far from being perfect. Yet together with Garage &amp; Racing Arena, it is a great starting point for everything that is to come.<h3>Garage</h3>Ever since we started, some of our freight frens have pointed out that the vehicles might need a revamp. And we totally agree that some look hideous, which is precisely why we created the Garage in the first place.In fact, Garage is the tool that lets us constantly evolve the genesis collection while also enabling the NFT owners to customise their vehicles further, generating a stronger bond between the owners and their machines.At present, Garage enables one to rename their vehicle, add a new slogan, change the background, or get a completely new paint job.(…the paint job might come with an entirely updated vehicle look)As for the future — one might've noticed that each vehicle has different stats. All these play an essential role within the Racing Arena.We will also make it possible to upgrade the stats. However, we will introduce some twists whereby the upgrades will only be available to those actually racing with their vehicles or participating in other future games.…there have even been rumours about having to collect craftable items. As well as accessories that can be attached to different vehicles.NB! It is also noteworthy that every upgrade makes the vehicle rarer.<h3>Racing Arena</h3>The initial racing game starts as a simple play-to-earn game with races for different vehicle types — space, air, ground &amp; water.The initial concept is straightforward:<ol><li>Choose a race type.</li><li>Pick a vehicle.</li><li>Pay $WOF tokens.</li><li>Win or lose.</li></ol>That said, races have different prize pools and competing in more races opens up new possibilities. Starting from better vehicle upgrading opportunities. While also enabling one to access special features and new gameplay elements before others.For example, we are looking into making it possible to rent out the vehicles or print copies of them for future players once the genesis vehicles mint out.Other than that, we are ideating about creating a more complex supply chain management game where one would have to go on missions to collect specific elements and items, transporting them across the world of freight.And, we will also introduce a mechanic for using the Freight Punks within the Racing Arena.<h3>A Portal opens</h3>Did someone mention the metaverse?Ever since we started working on the World of Freight, we promised to take the vehicles to the metaverse eventually.And the first step for that is creating 3D models of the vehicles… However, we don't want to simply take the existing NFTs and create 3D versions of them. Instead, we shall create new, kick-ass vehicles that are metaverse-specific.Once this is done, we will be able to create an actual computer game, or enable third parties to do that with our vehicles.<h3>Other fun and exciting elements…</h3>We understand that not everyone is excited about playing games in the metaverse. And after all, we are firstly building a community of freight frens, along with the Supplain blockchain.That is why we are also working on some non-game related utilities, e.g.<ul><li>Members-Exclusive Merch Store.</li><li>Treasure Hunt with Awesome Prizes (including a Tesla Model 3).</li><li>IRL Live Events to Learn &amp; Have Fun.</li></ul>We will also have some extra airdrops for existing NFT holders, such as a metaverse trucker hat to existing NFT holders. As well as try to find other neat opportunities for our community members via cross-community giveaways and whitelisting possibilities.&nbsp;And this is just everything that has been previously discussed within our <a href="https://discord.gg/WorldOfFreight">Discord community</a>.Our team is constantly looking for new ideas, and we are happy to involve more people in implementing these ideas. More so, we hope to decentralise the whole World of Freight ecosystem eventually. And thus really encourage people to join in via deeper discussions already now.NB! If you have not gotten yourself a World of Freight NFT yet, <a href="https://worldoffreight.xyz/mint">get it now</a>!<figure class="image"><img src="/uploads/9_5f38d627c9.png" alt="Also, get yourself a Freight Punk!"><figcaption>Also, <a href="https://worldoffreight.xyz/freight-punks">get yourself a Freight Punk!</a></figcaption></figure>

We've come a long way in these last few months. Yet WOF shows no sign of slowing down. Read how this is only the beginning of how we plan to take our NFTs even further.

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How Far Does World of Freight Go?

<h2 style="margin-left:0px;">Let’s connect the entire supply chain on a transparent protocol</h2>The manufacturing and commerce sectors are in search of innovation.Not just technological innovation…But also trust!Because if there’s one thing that’s holding the whole economy back, then it’s the lack of trust among different stakeholders.The problem is that parties across industries are not loyal to one another. Instead, they are always looking for a better deal from somewhere else.However, they are doing a lot of manual work or using too many different tools to access those deals.This results in an ever-increasing amount of partners, tools, and other data sources that do not share the information — if there’s a trace at all.And this makes it almost impossible for outside <a href="https://supplain.io/partners" target="_blank" rel="noopener noreferrer">partners</a> to offer special deals or nearly any type of financial services to those companies.Add globalization to the mix, and we’ll get supply chains that are significantly more complex to manage…Due to all previously mentioned reasons, the cost of operating supply chains makes up two-thirds of <a href="https://documents1.worldbank.org/curated/en/585671507179758957/pdf/120260-BRI-PUBLIC-EM-Compass-Note-45-final.pdf">the final cost of traded goods</a>, while 7% of the global value of trade is absorbed in documentation costs alone.That said, we can turn all this around by building a transparent protocol.&nbsp;<h2 style="margin-left:0px;">It’s a massive &amp; fragmented market</h2>As you might understand, we’re talking about changing one of the most significant industries.…and even we aren’t stupid enough to think we can do this quickly.Instead, we see that the change needs to start from two main fields:<ul><li>eCommerce</li><li>Logistics</li></ul>That’s because eCommerce platforms still need to be innovative to win clients from their non-digital counterparts, and they also need digital logistics service providers to cater to their customers.Going more specific, we believe Europe can lead this change, as particular eCommerce platforms already control other big markets or these markets are not developed enough yet.But before going into more detail, let us present some exciting figures.<ol><li>There are over <a href="https://ecommercenews.eu/800000-online-stores-europe/">800,000 online stores</a> only in Europe.</li><li>In total, <a href="https://ecommercenews.eu/europe-9-3-billion-parcels-in-2018/">9.3 billion parcels</a> were sent in Europe as of 2018. Whereas the global parcel volume reached 87 billion in 2018.</li><li>The logistics industry itself is a <a href="https://www.freightwaves.com/news/how-big-is-the-logistics-industry">USD 9.6T market</a>, growing at a 5% CAGR. However, the largest 50 companies share only <a href="https://www.3plogistics.com/3pl-market-info-resources/3pl-market-information/aas-top-50-global-third-party-logistics-providers-3pls-list/">3.5% of the market</a>.</li><li>As of late, the COVID-19 pandemic and the resulting lockdowns have caused <a href="https://www.wto.org/english/news_e/news20_e/rese_04may20_e.htm">exponential growth in the usage of eCommerce and parcel shipping</a>, which is believed to be growing further even after the pandemic.</li></ol>&nbsp;<figure class="image"><img src="/uploads/5_b147ed17f0.png"></figure> &nbsp;<h2 style="margin-left:0px;">So what are we building?</h2><a href="https://supplain.io/">Supplain</a> is building a decentralized supply chain protocol.We’ll start by automating logistics management &amp; partner communication while enhancing products’ traceability and giving companies access to financial services they otherwise couldn’t easily use.In the longer horizon, we aim to build a protocol that brings traceability, transparency, and trust to the supply chain industry while removing all the middle layers between the service providers and clients.<ul><li>No more time-wasting on managing different service providers.</li><li>No more extra or hidden charges on any of the services.</li></ul>All that while giving access to previously unavailable services. For example, trade financing and on-demand insurance, as well as automated import duty and other tax calculations, analytics, and integrations to many other systems.And the only way for this to be attainable is to make it fully decentralized while ensuring all parties that it is all running as a protocol that is both independent and wholly owned by its users. &nbsp;<figure class="image image_resized" style="width:99.06%;"><img src="/uploads/6_6a5038449c.png"></figure>&nbsp;<h2 style="margin-left:0px;">And what’s the exact plan?</h2>We have a multi-year roadmap that’s divided into phases.<h3 style="margin-left:0px;">Phase 1 — Q4 2021</h3>In the beginning, we’ll focus on building the infrastructure that would enable companies to bring their logistics-related data into one place.For that, we’ll be launching an initial protocol that connects online stores and logistics service providers while providing them with open APIs, unified payment modules (for both crypto &amp; fiat), and tracking tools.One of the key components in this will be building an algorithm that analyses shipping quotes from different partners and gives customers the best offer based on their specific needs (e.g. checking shipping routes &amp; item types).In addition, we’ll be building out the initial green logistics capabilities, empowering protocol users to choose to favor green delivery options.At this point, our first value propositions will be:<ol><li>Integrate one protocol to access various service providers.</li><li>Manage all logistics-related operations in one place.</li><li>Get it all for free.*</li></ol>* This is one of the most crucial bits! Our previous experience in building digital logistics tools has taught us that the only way to play nice with the big logistics service providers is to let them charge their usual rates from the clients without trying to get a cut from there. Nor do we want to charge a protocol usage fee, as it would slow down adoption. Instead, we’re looking into paying tokens to both logistics service providers and other protocol users to speed up the adoption and decentralize the ownership.<h3 style="margin-left:0px;">Phase 2 — Q2 2022</h3>That’s when we’ll start introducing the first unique utilities.For that, we’ll introduce blockchain-based electronic documents and insurance offers, along with tax and duty calculation &amp; management modules.One of the key components in this phase will be standardizing the information coming in through different data sources to create immutable electronic documents that enable us to offer various financial services and create overall traceability for everything our users do on the protocol.At this point, our additional value propositions will be:<ol><li>Get verified electronic documents that 3rd parties trust.</li><li>Get access to new insurance options.</li><li>Automatically pay your CO2, VAT, and Duty Taxes.</li></ol>In this phase, we will also introduce first fees to the customers. This is needed to ensure that the protocol would generate money that can be invested in building further utility for its users.<h3 style="margin-left:0px;">Phase 3— Q4 2022</h3>That’s when we’ll start introducing the first real DeFi elements.For that, we’ll introduce invoice payment and factoring tools, along with staking opportunities. In addition, we’ll launch the analytics platform.One of the key components in this phase will be creating first staking solutions, allowing our token holders to earn fees.At this point, our additional value propositions will be:<ol><li>Buy now, pay later.</li><li>Analyze your top routes, primary partners, average costs etc.</li><li>Stake your tokens for additional revenue.*</li></ol>* As our partners will earn tokens for using the protocol, they can start earning extra revenue via staking those tokens — this opens up exciting avenues…<h3 style="margin-left:0px;">Phase 4— Q2 2023</h3>That’s when we’ll become a supply chain DeFi protocol.For that, we’ll launch trade financing solutions along with liquidity pools and introduce carbon credits trading.One of the critical components in this phase will be building out additional trade financing solutions, such as advance payments or credit lines that enable the protocol users to grow their businesses faster.At this point, our additional value propositions will be:<ol><li>Get business loans.</li><li>Buy or sell carbon credits.</li><li>Earn interest from providing liquidity.</li></ol><h3 style="margin-left:0px;">Phase 5— Q4 2023</h3>That’s when we’ll start building out other supply chain management services.For that, we’ll start integrating warehouses and packaging providers while introducing consolidation &amp; legging tools.By that point, we will have a strong partner network and enough data from users to start building algorithms that help further to optimize logistics management for different types of protocol users.At this point, our additional value propositions will be:<ol><li>Manage all warehousing and packaging-related operations in one place.</li><li>Start decreasing your overall logistics costs.</li></ol><h3 style="margin-left:0px;">Phase 6— 2024 and onwards…</h3>That’s already far along that our plans might change, depending on the growing number of users, partners, and 3rd parties building their services on top of <a href="https://supplain.io/">Supplain’s protocol</a>.That said, we’ll be introducing further management and prediction tools and more trade financing solutions for sure.In addition, these are some of the potential fields we might look into:<ul><li>Fleet Management &amp; Optimisation</li><li>Peer to Peer Logistics Marketplace</li><li>Distribution Services Management</li><li>Route Optimisation Management</li><li>Inventory Management</li><li>Supply Chain Visibility</li><li>Last-Mile Deliveries</li><li>Same-Day Delivery</li><li>Special Deliveries</li><li>Other Mobility Services</li></ul><figure class="image"><img src="/uploads/ship_98e2daef07.png"><figcaption>An example of <a href="https://www.worldoffreight.xyz/">World of Freight</a> NFT</figcaption></figure><h2 style="margin-left:0px;">Cool — I want to help!</h2>We have some exciting years ahead of us.…and when ideating all this, we decided that we’d be taking an unconventional path forward.Instead of starting small, raising some angel money and seeing where it leads, we are first putting together the early community with whom we’ll build it all.The community is named <a href="https://www.worldoffreight.xyz/">World of Freight</a>.To be more specific, we decided first to create and sell out an NFT collection, in which the digital art acts as a ticket for the amazing ride ahead.In exchange for buying this ticket, you’ll get a front-row seat in building <a href="https://supplain.io/">Supplain protocol</a> with us, becoming our “Board Observer”.And this enables you to hear our plans, give us feedback, see how we’re progressing — and if you want, then join us in the building process.Let’s ride together!<figure class="image"><img src="/uploads/8_bc31d17919.png"><figcaption>Another example of <a href="https://www.worldoffreight.xyz/">World of Freight</a> NFT</figcaption></figure>

Every logistics and eCommerce business want innovation. Read how Supplain is building a protocol that brings traceability, transparency and trust to the supply chain industry. Read how.

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Fixing supply chains w/ Supplain

<h3>Trucks, Trains, Ships, Planes, Rockets, Spaceships…</h3>In the time when Apes, Cats, Dogs, Frogs, Penguins, Waifus and many others roam across the Internet, we asked them and ourselves — how do they move themselves and their stuff?Surely, they are not just walking around like a bunch of degenerates.And frankly, most of them don't have Lambos yet…That is how it read on our first draft of a story on <a href="https://worldoffreight.xyz/">worldoffreight.xyz</a>.As per our understanding, every NFT collection needed some funky story about why their set of avatars would be wilder than any of the others released every other minute.We then gave it another thought and realised that our story is way more exciting, even without a description like that.After all, we're not here to start yet another community that shills their project — promising riches, raffles, giveaways, games, comic books etc. Indeed, we are happy to do all that together with the community as well. However, our main idea behind launching this NFT collection is different — from the beginning.We're doing it with a very clear plan.<ol><li>Sell <a href="https://twitter.com/WorldOfFreight">@WorldOfFreight</a> NFT.</li><li>Build <a href="https://twitter.com/supplain">@supplain</a> protocol.</li><li>Reward the early community &amp; keep building.</li></ol>Let us explain.<figure class="image"><img src="/uploads/nft_drone_8caffac3a5.png"></figure><h2>What if we would launch an NFT set to fund building a new-age supply chain &amp; trade finance protocol?</h2>In early Spring 2021, we came together with four frens who had all finished working on different projects in the supply chain, finance &amp; developer tools ecosystems. And now we wanted to do it all again.But this time, we craved to make a genuinely innovative solution. And do it together.However, we also knew that we should do it all with a twist to get going faster.So for the next few months, we brainstormed, created early concepts, generated a roadmap for the next few years and then philosophised…The question we got was that if we are about to build a decentralised protocol, then why not go all the way and start by generating a diverse community. A community that would ideate &amp; build with us while also supporting us financially. But not as investors. Instead, as frens for whom we create art and other fun experiences (and who may later become our investors).Why so? Because there is no way to price a pre-product company accurately, nor do we want to make promises that may take longer to deliver.Instead, we want to give people some liquid value now and reward those that hodl and stay with us for the whole ride.And then, there it was!<figure class="image"><img src="/uploads/3_c6ca06d8a0.png" alt="Chat"></figure>&nbsp;By this point, we were just hoping it was the correct route to take.Now we have proof that the industry believes that this is the way. So we knew, WGMI!<h2>What is the World of Freight?</h2><h4><a href="https://worldoffreight.xyz/">World of Freight</a> is an NFT collection.</h4>It consists of 10,000 unique vehicles used in the world of freight, all generated with randomised traits at the mint. Each vehicle is unique and generated from over 224 possible randomised traits at the mint.But more than that, owning the NFT comes with a variety of perks.<h4>The Boardroom</h4>Hodling the NFT gives anyone access to the Boardroom, our members-only <a href="https://discord.gg/WorldOfFreight">Discord</a> channel that lets our frens join us in this collaborative supply chain &amp; trade finance protocol building.In more detail, we are building a protocol that aims to bring traceability, transparency and trust to the supply chain industry while removing all the middle layers between the service providers and clients.<ul><li>No more time-wasting on managing different service providers.</li><li>No more extra or hidden charges on any of the services.</li></ul>All that while giving access to previously unattainable services. For example, trade financing and on-demand insurance, as well as automated import duty and other tax calculations, analytics and integrations to many other systems.And the only way for this to be attainable is to make it fully decentralised while ensuring all parties that it is all running as a protocol that is both independent and wholly owned by its users.However, since the whole concept is too complex to be described in 2–3 paragraphs, and since not all <a href="https://worldoffreight.xyz/">World of Freight NFT</a> buyers will stick around for that, let's return to the concept in a more detailed post at a later date.Still, the main point is that we want to include the community in building it while expecting to reward the early community when the protocol succeeds.<h4>Wof tokens</h4>Hodling the NFT also earns you Wof tokens.In essence, we wanted to add more utility to the <a href="https://supplain.io/news/how-far-does-wof-go" target="_blank" rel="noopener noreferrer">World of Freight NFT</a>s, so we decided that each vehicle in the series will start collecting tokens that you can use for various use cases.For each day that you hodl your NFT, the vehicle collects 25 Wof tokens. Whenever sold or otherwise moved, it will lose half of the tokens.For starters, you can use the Wof tokens to rename your vehicles. But we will also reveal other use cases in the future.<h4>Commercial rights</h4>We want to promote the idea that you are the actual owner of the NFT and thus can use your Wof vehicles in any way you want.More so, we will provide NFT hodlers with the vector files for their vehicles after the sale. In exchange, we will keep the rights to the individual elements and might showcase your NFTs in future projects if you allow us to do so.<h4>Community of frens</h4>As mentioned above, the community aspect is still an essential part for us.After all, it is no fun if there is just work and no play.So yes, we will focus on having fun and already have made some exciting plans for you! We're planning AirDrops and other giveaways, a merch store, and of course, early access to Supplain protocol's services.NB! We've even discussed potentially limiting future Supplain fundraises to just Wof NFT hodlers, but let's see what the community thinks.Get more info on all of that and way more via <a href="https://worldoffreight.xyz/">worldoffreight.xyz</a>.<figure class="image"><img src="/uploads/1_ju_Yo_R_C8_LNK_Xv20_Z_Ax_Vau_Q_7eb8ff1f57.jpeg" alt="Wof trucks"></figure>&nbsp;<h2>So what's the exact plan?</h2>According to our plan, we will start minting the World of Freight NFTs on September 26th, 2021. Minting a vehicle will cost 0.08 ETH + gas.We will announce the exact time on our <a href="https://discord.gg/WorldOfFreight">Discord</a> and <a href="https://twitter.com/WorldOfFreight">Twitter</a>; stay tuned!And once the minting starts, then depending on its success, the following things might happen:<ul><li>25% sold — AirDrop 500 Wof tokens to the first 2500 NFT Hodlers.</li><li>50% sold — Special edition NFT raffle among existing NFT Hodlers.</li><li>75% sold — Exclusive merch store gets unlocked along with a giveaway.</li><li>100% sold — Our frens from the future start arriving.</li></ul>In addition, we already have plans for phase 2 and phase 3, such as adding utility to Wof tokens, 3D models and more — but more on them after the sale!Other than that, let us know what else do you want us the share! Or, if applicable, let's see how else can we help one another…

Four friends from the supply chain, finance and developer tools backgrounds wanted to build a genuinely innovative solution together. Read why Supplain was born.

The Entire
Supply Chain.
Reimagined

Creating Positive Global Change By
Reimagining Supply Chain
Data Ownership

Discover Supplain

Partners

Latest News

47 leading blockchain technology companies to watch

Can web 3.0 solve the problems of web 2.0?

NFT art - is it for fools or the basis of a startup revolution?

Supplain. The Road Ahead

The Entire Supply Chain. Reimagined

Creating Positive Global Change By Reimagining Supply Chain Data Ownership

Discover Supplain

Partners

Latest News

47 leading blockchain technology companies to watch

Can web 3.0 solve the problems of web 2.0?

NFT art - is it for fools or the basis of a startup revolution?

Supplain. The Road Ahead

The Entire
Supply Chain.
Reimagined

Creating Positive Global Change By
Reimagining Supply Chain
Data Ownership