As the cryptocurrency market becomes popular, many unexpected names are entering the space. The last of these was media mogul and political figure Cem Uzan, who has been living in France for a while. In this article, we will share Cem Uzan’s latest statement on the cryptocurrency space. Here are the details…
Cryptocurrency sharing from Cem Uzan
Young Party Founding Chairman and former media boss Cem Uzan made a new tweet the other day. In his tweet, he signaled that he would take a step towards cryptocurrencies or NFTs. Uzan’s tweet includes the following statements:
There are only a few days left to explain, my Turkey. Worldwide revolution in NFT. A revolution in the crypto world is coming soon.
Uzan’s tweet does not give any specific information about what his project is exactly. Signing that he will return to the business world with the crypto money market, the possibility of establishing a crypto money exchange and the possibility of issuing crypto money are being weighed. He can also make a non-fungible token (NFT) move, as he stated in his tweet. Uzan is expected to make a statement about the project in September.
NFTs had gained momentum
cryptocoin.com As we have also reported, NFTs were the part that attracted the most attention of celebrities in the crypto space. So what are NFTs? While other Blockchains have implemented their own versions of NFT, most NFTs are part of the Ethereum Blockchain. Ethereum is not like Bitcoin or Dogecoin. Unlike cryptocurrencies, they cannot be traded or exchanged for certain equivalents. This is different from NFTs, which are identical to each other like cryptocurrencies and therefore can act as a medium for business transactions. Blockchain also keeps track of who holds and trades NFTs.
NFTs have potential for a variety of use cases. For example, it is an ideal tool for digitally representing physical assets such as real estate and artwork. Because NFTs are based on Blockchain, they can also work to remove middlemen and connect artists with audiences or for identity management. NFTs can remove middlemen, simplify transactions and create new markets. Most of the current market for NFTs is centered around collectible items such as digital artwork, sports cards, and rare items.
NFTs change the crypto paradigm by making each token unique and irreplaceable. Thus, it makes it impossible for one free token to be equal to another. They are digital representations of assets and are likened to “digital passports”. Because each token contains a unique, non-transferable identity to distinguish it from other tokens. As a result, it is not clear what step Cem Uzan will take. But given that NFTs are especially popular with celebrities, such a move is likely to come.
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