The planet earth is expecting World War 3 any time now. The conflict between Russia and Ukraine has taken another turn, and Putin is not in a mood to step backward. The Russian Army is in Kyiv, and the intentions are all clear, to capture Ukraine. Amidst all the chaos, the memers all over the internet have come up with a solution. “Give Putin the NFT of Ukraine!” but is it even possible to make NFT of a country? Let’s find out.
Many experts believed that the year 2022 would be the year of the NFTs, and it was so. There were many expensive NFTs that were sold for millions of dollars. However, none of us expected that the Russia-Ukraine conflict would take such a drastic turn, and we would find ourselves on the verge of witnessing the third world war.
Well, who today is not aware of memes? These creative people bring puns out of every mystery and laugh out of every cry. As the most recent news globally is the Russia-Ukraine conflict, memers have started using the war scenario to create new memes. All of them have their own ways of condemning the war.
The most prominent solution by memers is “Give Putin An NFT of Ukraine.” The solution seems sensible because if it is possible, then war will never be the option. Well, if you are new to the concept of NFTs, then this post will surely help you out.
What is An NFT?
NFTs stand for the Non-Fungible Tokens. These are the digital tokens assigned to the assets. These tokens carry the ownership of the asset. The most interesting part of these non-fungible tokens is registered on the Blockchain. So, if you create an NFT of any of your assets such as art, music, video, or more. You first need to mint that NFT on the Blockchain, and then you can sell it.
As soon as you sell the asset’s NFT, its ownership is transferred to the person who bought it. The transfer data is reflected on the blockchain, and hence it is more secure.
Let us explain it to you with the help of an example, you all must be aware of the famous painting, “Monalisa”. Suppose an NFT is created that declares the ownership of Monalisa. Now, this NFT will be minted on the blockchain such as Ethereum, and it depends upon the seller if he wants to sell it or auction it. If Mr. X buys the NFT of the painting, then the NFT will be registered in the name of Mr. X. Now, there can be millions of copies of Monalisa, but Mr. X still owns the original one.
Can You Create NFT of Physical Objects?
This is the most asked question on the Internet, and why not because people often confuse NFTs with assets. You need to keep in mind that NFTs are the tokens that carry the ownership of the asset. These are the digital tokens registered on the blockchain, not the assets.
So, if you want to convert your physical art into the NFT, you can do it. All you have to do is mint it on the blockchain and sell it.
Also Read, Ukraine Military Received $400,000 In Bitcoin As Aid In Just 48 Hours
Types Of NFTs
If you think you can create the NFT just out of your artwork, then you cannot be more wrong. If you are a memer, you can also mint your memes as the NFT and sell them.
Given below is the list of assets that you can create NFT of–
- Video Game Items
- Trading Card
- Big Sports Moments
- Domain Name
- Virtual Fashion Accessories
- Miscellaneous that includes the tweets and edits.
Can You Sell Land As An NFT?
The clear answer to this is “Yes”. Yes, you can sell the land as the NFT.
Are you aware of the Metaverse concept? If not, then here is an explanation in the layman’s language. Metaverse is the Virtual world that allows you to buy land, build on it and use it to earn money. It can be called the advent of Web 3.0, where everything will go digital.
Today the concept of Metaverse is simple. You just need to create an avatar and control it in the digital world, known as the Metaverse. However, as the technology progresses, you will become more immersed in this virtual world known as Metaverse.
Some well-known Metaverses are the Sandbox, Decentraland, Upland, and more. You can buy the virtual property in these Metaverses as the NFTs and later on Sell them as NFTs.
Can You Create NFT of a Country
Well, if you are talking about a country in the Metaverse then yes, it is possible to create NFT of a country. However, if you are talking about the country as a physical asset then, we don’t think it is possible.
Also Read, How The Russia-Ukraine Conflict Affect Crypto Market?
Memers are doing their best to make us all laugh in these tough times, but the concept of creating the NFT of the country is not possible. Or is it? You tell us. So, the meme about giving Putin an NFT of Ukraine is good to laugh on but not to implement.
Various other memes compare Putin to Hitler, and the funniest one is asking “Putin to skip to the Bunker part.” This one is dank.
With all respect to every community, if you don’t understand this meme then let us tell you that Hitler died in his bunker. I hope you get it.
If you find this article interesting, then do share it with your friends. Also, share your thoughts about the Country NFTs with us in the comments section below. We will be happy to hear from you.