PRESENTATION

Cup Finance platform is a cryptocurrency nfts service where a user can claim cryptocurrency for a certain period to Cup Finance by agreeing on the nfts agreement. Upon expiration or termination of the agreement, Coincheck will return cryptocurrency with annual % rate on top of it.
Sports memorabilia continues to resonate with the world of sports thriving off concepts such as dedication, loyalty and passion.

A baseball signed by a team’s legendary slugger, the boots that buried the winning goal in the dying moments of a cup final, a replica no. 10 jerseys as worn by a magical playmaker: nostalgia motivates collectors.

Deliberate collectibles have also found a home amongst sports fans, too, like collectible player cards, or anniversary merchandise.

This emotional resonance between teams and athletes now expands beyond the physical and into the digital realm.

What is NFTs

In the crypto world, there are two types of tokens, fungible and non-fungible. Fungible tokens are like currency. One dollar is always one dollar regardless of the serial number on the specific dollar bill. A one-dollar bill can be replaced by any other one-dollar bill. On the other hand, non-fungible tokens (NFT such as ArtDeco) are unique and cannot be replaced by any other token.

NFTs can be used to represent unique digital assets, such as Artem and virtual buildings on Decentraland. NFTs are interesting because their uniqueness and ownership can be verified, they can be utilized across applications developed by different companies, and they can be traded easily through secondary markets. These features open up possibilities for new use cases and business models.

NFTs has been widely discussed since it was standardized by Dapper Labs in 2017. However, adoption is disappointing. NonFungible.com estimated there are around 20,000 NFT users per month, which is 40% of the estimated number of DeFi users. The primary reason is that not all NFT features are fully utilized. I would like to explain how NFT can be valued as a function of four components, and how value can be increased.

Blockchain is a different type of database, an immutable ledger that can be used to prove ownership of the digital content, while also proving the authenticity of such content.
This immutability exists through the way that new data is added in blockchains. Data is added to a blockchain in the form of blocks, with new information being added as new blocks. This means that previous information is retained, rather than overwritten. Hence the name: blockchain.
Thanks to this technology, blockchains allow for Non-Fungible Tokens (NFT) to exist: assets that are created and recorded on the blockchain. Due to the immutable nature of the blockchain, these NFTs can be proven to be unique assets without duplicates.

NFT value framework and opportunities

Value of an NFT = Utility + Ownership History + Future Value + Liquidity Premium
Depending on the asset that the NFT represents, value is weighted differently across these four components. This framework can be used by investors to evaluate if an NFT is worth investing, and by NFTs developers to think of ways to increase the value of NFTs to attract users and investors. The key takeaway is that NFTs creates many new ways for values to be created for both developers and asset owners.

Utility — Utility value is depended on how the NFT can be used. Two major categories that have high utility value are game assets and tickets. For example, a rare and powerful Crypto Space Commander battleship was sold for $45,250 in 2019, and the value of an NFT ticket is the price of an event ticket. Another dimension of utility is the ability to use the NFT in a different application. Imagine if you can use the same battleship in a different game, the value would definitely be even higher.

However, it’s very challenging to realize interoperability. Currently, 90% of NFT game players play only one game. That’s because developers need to first build a massive ecosystem of games and provide attractive use cases. Dapper Labs and Engin are both working towards that direction. Although there are many unknowns and require huge amount of time and effort, that’s exciting for the whole industry.

Another way to increase utility value that is easier to achieve is to form partnerships with other businesses to provide benefits to people who hold your NFT. For example, Dapper Labs can co-operate with NFT event organizers to negotiate a discount for CryptoKitties owners. With technologies such as AlphaWallet’s tokenScript, it’s very efficient to authenticate the issuer and owner of NFTs, so event organizers who want more participants don’t need to do much to implement the partnership. It’s a win-win for all parties involved.

Liquidity premium — High liquidity translates to a higher value of NFT. The liquidity premium is the primary reason why tokens that are created on-chain should have a higher value than off-chain assets. ERC standard NFTs can be traded easily without friction on secondary markets with anyone who holds ETH, which increases the number of potential buyers.

Companies need to design token economics that encourages users to trade to increase engagement and NFT liquidity. For example, games can force players to swap assets to remain competitive in the game and can depreciate NFT assets if they are idle for too long.

Basic Feature of Cup NFT's

Unique

Deep inside a non‑fungible token, metadata describes what makes this asset different from all the rest. This is a permanent, unalterable record that describes what this NFT represents — almost like the certificate of authenticity that you’d get with a rare painting.

Rare

Scarcity is an important ingredient in the recipe that makes NFTs so attractive. While developers have the freedom to generate an infinite supply of certain assets, they also have the power to limit the number of rare, desirable items in existence.

Indivisible

For the most part, NFTs cannot be split into smaller denominations — they can only be bought, sold and held whole. Remember the rules of non‑fungibility: you can’t purchase 10% of a plane ticket, or collect 50% of a baseball card.

Visit the link below for more information:

up.finance official website: www.cup.finance
Cup.finance Telegram: https://t.me/realcupfinance
Cup.finance Tel: https://twitter.com/GOcupfinance
Cup.finance Twitter: https://twitter.com/GOcupfinance
Cup.finance Gitbook: https://rules.cup.finance/
Cup.finance Reddit: https://www.reddit.com/user/cupfinance/

Author: dassfor
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2690501