William Rice, financial industry executive and founder of CryptoBuxx (www.CryptoBuxx.com), is launching CryptoBuxx NFTs, a collection of asset-backed Non-Fungible Tokens (NFTs), backed by specific amounts of cryptocurrency in the form of downloadable digital gift certificates.
His company’s mission to make entry into the crypto market accessible for everyone and his company CryptoBuxx has done this with earlier launches of cryptocurrency gift cards and gift certificates, available in digital and physical format options.
Perceived Value and the NFT Marketplace
The NFT market has exploded in popularity. In 2020, the NFT market was valued at $100 million. At the end of 2021 this had increased by 220x to $22 billion. While the value of most NFTs are usually driven solely by supply and demand, CryptoBuxx NFTs are different. These asset-backed NFTs include a downloadable digital gift certificate that can be redeemed for the face value (the number of coins represented) of the NFT. This provides a clear floor value to the NFT, as the price of the NFT should never trade less than the value of the underlying cryptocurrency. Being asset-backed also provides significant upside potential as the price of the crypto increases over time.
“The price of most of today’s NFTs are simply based on supply and demand,” said William Rice, Founder and CEO of CryptoBuxx. “Often the typical NFTs value is based on who owns it as much as any other factor. CryptoBuxx is introducing an asset-backed NFT collection that includes popular cryptocurrency as a way to create intrinsic value and allow it’s NFTs to grow in value over time as crypto prices increase. CryptoBuxx NFTs also make sharing crypto with others easy, which is one of our key objectives.”
CryptoBuxx NFT Collection
Each NFT purchased represents a specific crypto coin or token in a specific denomination and can be redeemed for the amount of cryptocurrency represented on the NFT. The collection can be accessed on https://opensea.io/collection/cryptobuxxnft or at CryptoBuxxNFT.com. The initial CryptoBuxx NFT collection is based on 11 coin/token designs, including such popular cryptos as Bitcoin, Ethereum, Cardano, Dogecoin, Shiba Inu, SafeMoon, SushiSwap, Polkadot, Happycoin, Axis Infinity, and Helium.
About Certificate Exchange, Inc.
Certificate Exchange, Inc. was founded in 2021 by financial industry expert William Rice to support the company’s mission of “cryptocurrency for everyone” with products that provide easy and secure entry to the crypto market. Certificate Exchange offers CryptoBuxx Gift Cards and CryptoBuxx NFTs, innovative and industry-first products that make giving and buying the market’s leading cryptocurrencies seamless and affordable for first-time collectors and experts alike. For complete details visit https://www.CryptoBuxx.com.