Kong Warriors Fight Club aka Kong WFC is Entrepreneur Issa Sammak’s upcoming NFT Project along with Turkish actor Burak Özçivit and renowned Blockchain entrepreneur Mikail Emre Caliskan.
Till a few years ago, very small fraction of investors saw potential in NFTs. But in 2021, the market opened up to massive NFT pitches globally. Is this a passing fad, or will the growth continue?
NFTs have come a long way from the time when only celebrities created and sold them for millions. “NFTs are slowly but surely becoming a part of our everyday lives. Not only are NFTs a great business opportunity, they are also a new way for people to enjoy themselves while making money. That’s why NFTs are here to stay,” says Entrepreneur Issa Sammak, a Lebanese serial entrepreneur, investor and author who has become a powerhouse in lifting small and big businesses to bigger heights.
As the world embraces the metaverse, NFTs will become the thing to own. According to Issa Sammak, owning an NFT would give people access to certain exclusive things in the metaverse. Collectors can access unique and credible artworks in the form of NFTs from around the globe. Since the NFT market is booming, some collectors are also looking at NFTs as a long-term investment option,” says he.
So why are people buying jpegs and gifs?
Entrepreneur Issa Sammak explains this with a beautiful example. He says, “You’ve heard of the deed that represents a house without being the physical house? That’s what NFTs do. It is a type of programmable deed of ownership to an asset that exists on a Blockchain. This digital deed gives its holder the exclusive ability to use, sell and transfer the asset’s ownership rights. Here, an item can be made unique by giving it a code and the ‘digital deed’ or token—which cannot be replicated—proves one’s ownership of that digital asset.” He stresses on the fact that NFTs can offer anything from GIFs to digital art to static images. The USP of an NFT is that it is used to prove ownership of a digital item; the use-cases for NFTs—run on Blockchains such as Ethereum and Matic—are varied. An NFT can be looked at as an authentic digital art piece or an asset which can be used to earn cryptocurrency in games. Artists also use them to prove ownership of their digital art, which often includes JPEGs or GIFs, paintings, audio or video files, or any other type of digital file. The file is stored in decentralised storage and an NFT can be created to prove its ownership. “From digital art to ticket sales, music, collectibles, luxury items, and gaming—NFTs have the potential to transform the way we interact” says Issa Sammak.
NFTs have also created a secondary market for the sale of digital assets. This allows NFT collectors, just like creators, to list and sell their NFTs on a marketplace. Every time the token changes hands, a royalty is paid to the original creator.NFTs provide a way to create and trade digital assets that are not subject to the same volatility as cryptocurrencies. While this may seem like a minor distinction, it opens up a world of new possibilities for the usage of these tokens.
Now the burning question is if it has anything for Buyers.
According to a Coin telegraph Research report, $1,000 invested in Bitcoin in 2017 would have given returns of more than 16x now. The growing popularity of NFTs is reflected in its numbers. “Earlier, a very small fraction of investors saw potential in NFTs but 2021 led to a complete U-turn as the market opened up to massive NFT pitches with a record $2.5 billion in sales globally. As per Google Trends data, in August 2021, global interest for NFTs rose by 426 per cent with people showing a lot of interest in buying NFTs,” says Issa Sammak and according to him, this trend will continue.
Well, entrepreneur Issa Sammak has been familiar with the Blockchain industry, even before his peers were aware of its profits. This is one of the most important quality that sets him apart from the rest; his invaluable experience that no one possesses at his level. Even he has dived into an NFT project of his own – ‘Kong Warriors Fight Club aka KongWFC’ along with Turkish actor Burak Özçivit and renowned Blockchain entrepreneur Mikail Emre Caliskan. The KongWFC is a special NFT collection limited to 9977 pieces and offers VIP privileges to NFT owners. Each NFT in this collection is a unique 3D character and is created on the Ethereum Blockchain and the collection consists of 9,977 ‘Kong’ characters, each with different warrior characteristics. KongWFC NFTs will be tailored for users, with events attended by world-class celebrities and entrepreneurs. These NFTs, which can be used as ‘PFP & Utility NFT’, will also give access to the ever-improving KongWFC fighting game in “Metaverse: Kong Warriors Fight Club“.
Connect with entrepreneur Issa Sammak on his Instagram handle where he has more than 97K followers to know more about NFTs and his upcoming project – ‘Kong Warriors Fight Club aka KongWFC’!
