NFMs — More Than Just An NFT
Representing a unique synthesis of digital miners and NFTs, Nitro Network’s Non-Fungible Miners (NFMs) quickly developed a reputation for originality and innovation.
Since Nitro Network’s inception, NFMs have been at the core of its operations. While boasting artistic designs that delighted collectors, Nitro Network’s multi-tiered NFMs also filled the digital wallets of their holders with the network’s proprietary token, NCash — embodying the company’s “everybody wins” ethos and enriching the participants in Nitro Network’s ecosystem.
Despite the challenges of the 2022 bear market, NFMs have risen to the occasion as their technology adapted to current market conditions. With their NCash-generating ability and artistic prowess still withstanding, NFMs have now become the center of Nitro Network’s IoT evolution — providing a utility etched in real-world value which is now more important than ever.
What makes NFMs different?
From the start, NFMs have been given features unlike those found in other NFT projects.
The Nitro Network team designed NFMs to have an intrinsic mining ability. The longer one holds an NFM, the more NCash it generates for the holder. With this model, NFMs support a dual revenue stream: one from the passive income generated through mining and the other through the sale of the assets as they appreciate in value. Most other NFT models only promise the latter, thus, NFMs grant their holders a unique edge over the competition.
Adding to this advantage is the long-term utility of NFMs. If one were to survey contemporary NFT projects, one would find most of their real-world functions gravitate toward short-term utilities. Early-bird tickets to a metaverse event, access to exclusive merchandise and ownership over digital items are some of the common utilities found in the NFT space.
Admittedly, some of these NFT projects are successful: they provide users something beyond just the collectible art and the promise that its price could appreciate. The Nitro Network team, however, believes that these utilities are too limited. With NFMs, investors may gain access to utilities within spaces like IoT and data mining — where information on entire cities, networks and data mining is stored, providing curated reports and dashboards for business, research and marketing purposes. As always, more real-world, long-term utility for NFMs are constantly being researched by the Nitro Network team.
Through the Nitro ION Miner program, NFMs serve the function of propagating a smart ecosystem designed to create a better future for individuals, cities and companies. Nitro Network’s vision for NFM utility is truly big-picture thinking at work. Forget limited giveaways and lucky perks to a select few — instead, the focus is on building a private communication network (PCN) poised to cut costs, improve efficiency and create IoT-empowered utopias.
Addressing sustainability and real-world value
To achieve its grand vision, the Nitro Network team is building a decentralized PCN around the world with NFMs and Nitro ION Miners as its lifeblood.
By leveraging the Nitro ION Miner Nesting program, the Nitro Network team is propagating its decentralized PCN all over the world and using it to award its participants with NCash and provide real-world value through IoT solutions. By analyzing and processing city data, the Nitro Network team will recognize city-wide inefficiencies and use its IoT solutions to solve them.
Just a couple of weeks ago, Nitro Network reported on its IoT solutions for a poultry farm, a cement factory and a residential complex — showcasing incredible improvements in efficiency. Using IoT sensors, data collected in real-time* and Nitro ION Miners, the team was able to catch inefficiencies, as envisioned, and provide the solutions to address them.
Current case studies center around communities within India, but in the near future, as the PCN expands, Nitro Network envisions this process occurring on a global scale. With this idea in mind, holding an NFM becomes an entirely different experience with huge potential rewards.
NFM owners are not just holding onto a simple NFT; they are holding onto an NFM, a central piece of technology within the IoT and data-mining solution space, that furthers the development of building a smarter, more efficient future. For those interested in purchasing an NFM, simply click this link and follow the instructions on the Nitro Network website.
*Edited: NFM data to real-time collected data
About Nitro Network
Nitro Network is building the largest decentralized private communication network (PCN) powered by IoT combined with LoRaWAN and 3G/4G/5G. This hyperconnected world will enable unlimited use cases in our everyday life. Participants of Nitro Network’s decentralized PCN are part of an inclusive ecosystem that they own, operate and earn from. Nitro Network’s PCN will be a game-changer and has its proprietary token, NCash, at its core. On Nitro Network, everybody wins!
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