Ether Cards is counting down the days till their big launch on the 18th of March. The platform is rebranding itself to an NFT framework which is essentially a community-driven gamification NFT platform. This will bring utility to NFTs and choosing to buy any of them can lead to a certain benefit.
The launch of the framework will bring use cases to the otherwise simple NFT gift cards. On their launch date, Ether Cards is aiming to sell rare NFTs that will serve as “limited edition” tokens. These NFTs would not be formed again in the future and will have special utility. Some of the cards will:
- Offer VIP Membership with substantial benefits
- Offer significant, multi-use perpetual discounts on Ether Cards assets and services
- Provide perpetual fee-waivers
The presale of Ether Cards is live as well. Based on the level of utility, the cards are divided into categories with the names OG cards, Alpha cards, and Common cards. Since the former two were available in a small number for the pre-sale (23 OG cards and 230 Alpha cards) and had a high demand, they were sold out immediately.
However, there are a total of 2300 Common cards in the pre-sale which are still available for the community members to buy. These tokens would have special and unique benefits which were opened to the community supporters in the pre-sale. According to their website:
The Ether Cards Tokens can be integrated with several decentralized services. They can:
- Serve as a membership card
- Grant access to features
- Give you privileges and priority access
- Provide access to community airdrops
There will be 4 different types of cards or NFTs available on the platform with different lengths of serial numbers. The shorter the length, the higher the benefits would be. These cards include Founder cards, OG cards, Alpha cards, and Common cards.
Founder cards: These cards would have serial numbers from 0-9 and will not be available to the general public. There isn’t much value associated with them except rarity.
OG cards: There will be 90 of these cards in total with serial numbers from 10-99. These cards have 3 times the probability of having rare and unique traits.
Alpha cards: Having serial numbers 100-999, there will only be 900 of these in existence. These cards have 1.5 times more chances of having better traits than a normal card.
Common cards: These cards would have serial numbers from 1000 to 9999 and make up the rest of the group of “normal cards”. Although they are much higher in number, there still will be traits associated with them that a user can enjoy.
Ether Cards started as a project where people could send these NFT base gift cards to anyone. The aim was to give the cryptocurrencies a physical look so that people can become aware and use these cryptos to buy things in the market.
What are NFTs?
NFTs or Non-fungible tokens are unique digital assets that are one of a kind and cannot be replicated. To understand the concept of NFTs, let’s take a look at what fungible tokens are.
Fungible tokens are digital assets that can be traded 1:1 for one another as they have the same objective value regardless of their owner, history, or any other factor. Bitcoin, Ethereum, and other cryptocurrencies that are being traded are common examples of fungible tokens.
Non-fungible tokens, on the other hand, are like scarce or rare commodities. They are unique and can be termed as digital collectible items. Due to this, they are indivisible which means that you cannot buy a portion or a percentage of an NFT. Instead, you have to buy it as a whole much like a piece of art or a painting. These blockchain-based NFTs are transferable and authentic and can be bought from special marketplaces.
Due to their qualities, these NFTs can be used for a plethora of use cases which include:
Gaming – You can get rewards in the form of NFTs which can then be sold as well due to the transferability of these tokens.
Identity – Due to their uniqueness they can be used to create digital identities on blockchain.
Digital assets and collectibles – Due to their rare and unique nature, they can be used to form rare digital collectibles.
Although the concept is relatively fresh, NFTs are gaining popularity as people are finding better utility for them. Marketplaces like Ether Cards are being formed due to crypto’s newly found popularity which is increasing the quality of use cases that these projects are bringing in.
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