NFTs in the Service of Connectivity

1. NFTS IN THE SERVICE OF CONNECTIVITY NFTs have been a buzzword for the past few years, and it’s no surprise, given how they’re changing the dynamic of many industries. NFTs are expected to revolutionize how we do business in banking, telecommunication, healthcare, government, retail, and other industries. WHAT ARE NFTS, AND WHAT MAKES THEM UNIQUE? A Non-Fungible Token (NFT) is an irreplaceable unit of data stored in a decentralized digital ledger called a blockchain. NFTs provide public proof of ownership and authenticity. NFTs are transferable across blockchain wallets, making buying and selling them easy. In 2015, the first NFT project, Etheria, was launched and demonstrated at Devcon 1 in London, 3 months after the launch of the Ethereum blockchain. The collection, each hardcoded to 1 ETH (worth $0.43), was later sold for a whopping $1.4M. NFTs have since created an online buzz by enabling the sale of collectibles, goods, tickets, and more; the technology's long-term applications enable far more great use cases as blockchain adoption grows. WHAT IS THE UTILITY OF NFTS IN INTERNET CONNECTIVITY? Billions of people around the globe cannot access the internet, with about 78% of all Africans falling in this bracket, marking a significant disconnect from the global economy. While the idea might sound far-fetched, 3air is making strides in the telecommunication industry. NFTs on the platform will provide users with the rights to connect to high-speed internet, IP telephony, and digital TV. Using NFTs as a subscription model provides significant benefits over standard telecom contracts. You own the NFT, and that NFT can be transferred freely between users, opening a whole new market. You can resell your token on a decentralized market or exchange it with another person.The ease saves you from the hassle of canceling and rehiring internet services. HOW DO 3AIR NFTS BANK THE UNBANKED? 3air enables financial services through decentralized financial tracking and digital identity services. Decentralized platforms lower the entry bar for billions of people who cannot access formal bank accounts and services. 3air NFTs are embedded with connectivity bundles that, when activated, provide internet access, telephone, and TV. EXPEDITING CROSS-BORDER TRANSACTIONS Blockchain can potentially make international transfers and monetary transactions faster, cost-effective, transparent, and secure.. The 3air NFT peer-to-peer market uses blockchain technology to enable faster and simpler peer-to-peer transactions that are more effective for international businesses and consumers. INCREASING SECURITY & REDUCING FRAUD Blockchain tech eliminates fraud as it creates a clear audit trail. It also has multiple redundancies; therefore, altering any information once uploaded on this network is almost impossible. Device NFTs in the ecosystem will be paired with hardware resources; the custodians of these resources will be required to stake crypto (monetary value) to Device NFTs such that the stake is slashed if they act in bad faith. The underlying Blockchain network is maintained by thousands of computers, meaning there is no central point where hackers could attack the network and change data without leaving evidence behind. MAKING LENDING EASIER FOR LENDERS AND BORROWERS Lending is a crucial part of banking. Both retail and corporate customers must maintain liquidity or pay for their cash requirements. Lending is also a revenue driver for banks.Decentralized finance is a term referring to a new form of finance that is based on secure distributed ledgers. The flexibility and possibilities extended by DeFi are endless; for instance, secondary telecom markets are expected to begin trading and exchange value at unprecedented levels within the 3air ecosystem. 3air digital identities will provide these services in a trustless, secure, and private medium, providing access to credit scores and transaction history that is directly verifiable on the blockchain. Blockchain has great potential to overhaul the way industries work; the unbanked may be able to stay that way and still have access to digital payments and remittances. 3AIR. LIMITLESS CONNECTIVITY. UNLIMITED POTENTIAL 3air.io facebook.com/3aircrypto twitter.com/3aircrypto t.me/my3air