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Valiant Eagle Inc. (OTC:PSRU) Enters High-Growth NFT Market With Unveiling of State-of-the-Art Platform, “Fungy”
Valiant Eagle Inc. (OTC:PSRU) Enters High-Growth NFT Market With Unveiling of State-of-the-Art Platform, “Fungy”.
About this update from Valiant Eagle Inc.
[{"type":"text","content":"Valiant Eagle Inc. is pleased to announce that it has commenced development of its state-of-the-art NFT Marketplace under the name “Fungy.”Fungy is a software that will allow digital artists and creators to issue, buy and sell custom crypto assets that represent ownership in their digital work. Fungy is both a marketplace for those assets, as well as a distributed network built on the Ethereum blockchain that enables their trade without a middleman.At its core, Fungy will be an NFT (non-fungible token) platform for securing digital collectibles secured with blockchain technology. The platform allows users to buy and sell various digital collectibles or NFTs, similar to OpenSea.In addition to buying and selling existing digital assets, users can also use Fungy to create NFTs, commonly known as “minting”. There lies the company’s competitive advantage as now various content creators, for example an artist, could sell their creations, such as books, music albums or movies, as NFTs by utilizing this minting function.Additionally, the artist might choose to then offer prospective buyers a sneak peek of the content, effectively a preview, trailer, or snippet, but only release the full content once a person purchases the relevant NFT. Valiant Eagle will monetize the platform by charging a small minting fee to attract users then charge additional fees based on a percentage of the sale price.Xavier Mitchell, CEO of Valiant Eagle Inc., states, “This is a massive endeavor nonetheless the fruits of our labor will add tremendous shareholder value. There are only a select few marketplaces for NFT works. The existing ones are costly for artists. Ours will be competitively priced with the minting function to be priced slightly above cost. Our own NFTs will be showcased in the next few weeks in which we expect to garner considerable interest.”What are NFTs?NFT stands for “non-fungible tokens,” which relates to tokens that are verifiably unique from each other. Seeing as these digital tokens are entirely unique, these are not generic. Consequently, one NFT cannot be swapped for another. Instead, NFTs can effectively signal digital ownership, seeing as they are not mutually interchangeable.Tim Draper’s Dapper Labs has been a key pioneer of NFTs. From the launch of the first real NFT craze in “CryptoKitties,” to it...