Quadrifolium & CryptoClovers: Everything You Need To Know About The World’s Largest NFT Digital Art Collection
The latest buzzword in the crypto world is NFT or Non-fungible token. With the advent of CryptoClovers, investors have started to view NFTs as a prospective gold mine. This article discusses how Quadrifolium and CryptoClovers are joining hands to make the world’s largest NFT digital art collection accessible and present a great investment opportunity to crypto enthusiasts.
Trading and investing in cryptocurrencies have taken the world by storm. The original Mona Lisa painting can be invaluable with its price running into several millions of dollars. However, a digital image in the modern world without as much antique value can also be worth millions. That is the power of NFTs, and they have exploded from nowhere! So, what is an NFT, and why is it valuable? Here’s everything one should know about NFT and the world’s most extensive NFT digital art collection, CryptoClovers.
What Is NFT?
NFT means ‘Non-fungible token,’ and it resembles Bitcoin or other cryptocurrencies. However, the similarity ends right there. While cryptocurrencies can be interchanged, NFTs cannot. For example, a Bitcoin is always equal to a Bitcoin every time. However, it is not the same with an NFT. The digital asset’s value depends on the price that the buyer is willing to pay for it and how big is the community behind it.
So, it should make sense if one says that NFTs are unique digital assets representing real-world objects like art, music, videos, in-game items, and even items like memorable tweets. NFTs are bought and sold using cryptocurrency, and the primary difference is that NFT buyers get exclusive ownership rights to the things they buy. Essentially, NFT is like a physical collector’s item but in a digital form.
Some Key Statistics Around NFTs
The concept of NFT can be slightly challenging to comprehend, but selling NFTs has generated lucrative returns. Here are some pertinent statistics to drive home the point.
- Nyan Cat, an anime GIF of a cat with a pop-tart body, was sold for nearly $600,000 in February.
- Twitter founder Jack Dorsey sold his first-ever tweet as an NFT for $2.9 million.
- NBA Top Shot generated an income of more than $300 million in sales by March 2021.
- In March, Christie’s sold “Everydays — The First 5000 days,” a digital collage of images for $69 million.
These are high-profile sale transactions, but the point worth noting is that NFT can be traded on a cryptocurrency exchange, much in a similar way to cryptocurrencies like bitcoin. NFTs work on the Ethereum blockchain, but other blockchains also support them. The intriguing question is why NFTs are becoming so highly acceptable in the crypto space.
Why Are NFTs So Popular In Crypto Space?
The popularity and significance of NFTs lie in their ability to securely value, exchange, or purchase digital assets like artwork and collectibles using a digital ledger. Initially, it started as an in-game purchase item. Later on, it became famous with Nike patenting CryptoKicks (blockchain-based sneakers) and Christie’s auction of a digital art piece.
NFTs are created by uploading files to an auction market. Similar to other art pieces, NFTs are not mutually interchangeable. Thus, they serve as collectible items with unique values attached to them. The Ethereum platform allows the tokenization of digital art. Therefore, the trader can store it safely using a decentralized, open-source blockchain with smart contract functionality.
While NFTs do not grant copyrights, they are distinct from one another. The digital ledger that establishes and tracks NFT ownership ensures that it cannot be duplicated or tampered with. Hence, it is essentially a smart contract.
Digital assets and blockchain are poised to change the future of crypto trading, and NFTs are possibly at the helm of this growth. With high-profile people such as Elon Musk selling NFTs, they have become popular amongst the younger generation, as well. Still, the moot question is whether NFTs have the economic power to compel anyone to buy or use them in the future.
While the true potential of NFTs has still not been discovered, it has opened the door for digital artists to create digital artwork collections like CryptoCovers and Quadrifolium.
What Is Quadrifolium?
Quadrifolium is the name of the most recent NFT marketplace built on the Binance Smart chain by Tibere Pey. The name comes from the geometric art shape representing a four-leaf clover that was chosen to match with the launch of the first lucky token on the planet called ‘CryptoClovers’ and some features that make this marketplace apart. Indeed, Quadrofolium came with the idea of providing an excellent environment for creators and collectors to create and buy NFTs with fair royalty distribution between users, thanks to ‘lucky minting’. On Quadrifolium, creators can choose not to mint their creations, letting other users buy or mint NFT to gain royalties. Therefore users mint items hoping this process will give them passive income as well as passive ownership of NFTs.
What Is CryptoClovers?
Everyone knows about the four-leaf clovers that are a rare variation of the common three-leaf clovers. According to traditional sayings, such clovers bring good luck. When the same concept is transformed into a digital form, it becomes ‘CryptoClovers’. Some might find it challenging to understand the idea, but the new generation is ready to embrace it. CryptoClovers are 999,999 digital art pieces living on the Binance Smart Chain representing four-leaf-clovers with different crypto backgrounds designed and developed to bring luck to its holders due to passive income opportunities attached to smart contracts redistributing royalties. In 2021, it is one of the most extensive digital art collections globally, being currently evaluated by the Guinness World Records. It is estimated that CryptoClovers will be selling at millions of dollars, thus making them soon some of the most expensive NFTs to have been ever created.
What You Need to Invest In NFTs
Here are some key points to note before investing in NFTs.
- One needs a cryptocurrency wallet to hold NFTs. As they are digital assets, one cannot carry them in the pocket. For instance, Quadrifolium accepts wallets such as Metamask, Formatic, Binance chain, Torus and Trustwallet.
- Investing in NFTs requires owning an account on an NFT marketplace such as Quadrifolium.io that will need to be connected to a compatible wallet.
- One needs Cryptocurrencies in their wallets to buy the assets. For instance, you will need BNB to buy CryptoClovers as they are listed in this currency.
Why Should Anyone Be Investing In NFTs such as CryptoClovers?
Investing in NFTs like CryptoClovers has become the trend today. Here are some reasons for the same.
- Investment in NFTs is profitable because it creates a medium for tokenizing physical artworks. It eliminates the duplication of such pieces of art and limits the ownership to the collectors.
- Each NFT represents a unique artwork that cannot be duplicated, therefore making it scarce. The higher the demand is, the higher it grows in value.
- Prominent personalities like Elon Musk and Jack Dorsey have invested in NFTs.
- People have also made millions from such investments. One such example is the sale of “Everydays: The First 5000 Days” artwork for $69 million.
- People who pay such astronomical amounts believe that NFTs are a legitimate store of value. According to them, they represent a shift in how the world views art and collectible assets.
- As of date, some CryptoClovers might be selling at 0.5BNB, but experts believe that the prices can climb very quickly in the future.
- CryptoClovers are very affordable as the collection is very new.
- CryptoClovers are the first Lucky tokens. A new kind of token that will rise in the long term will attract a large audience of crypto traders, gamblers, and art lovers.
- CryptoClovers are designed for luck but as they were developed with smart contracts redistributing royalties to minters that can earn passive income as well as passive NFT ownership.
- Minting CryptoClovers give possibility to win Cryptoclovers as Quadrifolium will giveaway 10000 clovers. Each 100 minting, 1 Cryptoclover will be transferred to a minter.
Despite being a new concept, NFT is becoming widespread gradually. Prominent individuals are betting high on CryptoClovers from Quadrifolium.io. As a result, CryptoClovers trading will pick up in time to come. There is greater awareness among people about digital NFT art collections today. When it is combined with luck, it gives the art collectors, investors, traders a new dimension in the NFT space. And with concepts like CryptoClovers and Quadrifolium, it is becoming even more popular with its unique offerings.
- Griffith, E. (2021, February 22). Why An Animated Flying Cat With A Pop Tart Body Sold For $600,000. The New York Times.
- Locke, T. (2021, March 22). Jack Dorsey Sells His First Tweet Ever As An NFT For Over $2.9 Million. Make It. CNBC.
- Conti, R., Schmidt, J. (2021, May 14). What You Need To Know About Non-Fungible Tokens (NFTs). Forbes.
- Bumbaca, C. (2021, March 30). Dapper Labs, Company Behind NBA Top Shot, Raises $305 Million While Being Valued At $2.6 Billion. USA Today.
- Kastrenakes, J. (2021, March 11). Beeple Sold An NFT For $69 Million. The Verge.
- Beedham, M. (2019, December 10). Nike Now Holds Patent For Blockchain-Based Sneakers Called CryptoKicks. Hard Fork. The Next Web.
- The Conversation. (2021, March 18). What Are NFTs, And Why Are People Paying Millions For Them?
- CryptoClovers. Cryptoclovers.
- Rosenberg, E. (2021, May 11). Investing In NFTs: Is it Worth It? The Balance.