Digital transformation trends in businesses with NFT

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The trend of digital transformation in businesses with NFT

To promote the digital economy, With digital transformation, Vietnamese businesses will not be able to ignore NFT technology – digital assets identified by blockchain technology.

Vietnamese businesses on the acceleration of digital transformation

Digital transformation is the process of integrating technology into each field and process operation of the business. The benefits of digital transformation are increasing labor productivity, optimizing operating costs, and approaching customers quickly and accurately. Especially, when the Covid pandemic hit the world, digital transformation is a smart step to help businesses solve difficulties in attracting, taking care of customers and increasing revenue.

Vietnam currently has more than 96 million people, most of which are young people. This is a huge advantage to help businesses accelerate in the digitalization process. The young generation is the current and future customer group – dynamic, knowledgeable people who love and use technology. The government has also identified the importance, as well as introduced many policies to support businesses to actively transform digitally.

Each business will have its own methods and applications. use different technologies for digital transformation. For example: Big Data technology, Cloud computing technology, etc. And a new technology appeared in the world since 2017 but so far has created a great global fever, including Vietnam, that’s NFT.

NFT what role in the digital transformation in Vietnam?

NFT – Non Fungible Tokens are digital assets encrypted with blockchain technology. Once owned, they are indestructible, unique and non-interchangeable.

Previously, NFTs were known for primary identifiers. in the field of art, games. But now, besides digital assets, physical products can completely encode into NFTs. Including industries such as: Fashion, real estate, tourism, …

NFT firmly defines ownership and cannot be manipulated. Each product is converted into separate NFTs for businesses to easily manage. In particular, when the NFT is resold by a buyer, the creators themselves can still receive a portion of the royalties. That is why as of the second quarter of 2021, according to statistics on Open Sea, the NFT market has reached a revenue of over 2.5 billion USD.

In Vietnam, the NFT market is also being highly valued by many businesses. Our advantage is that the country ranks 2nd in the world in terms of cryptocurrency popularity (Statista Survey 2020), there are more than 13 million registered e-wallet accounts (Statistics of State bank). Businesses using NFT can improve their ability to reach customers, increase revenue, and provide the best user experience according to an automated and transparent process.

Besides selling products, many businesses have successfully raised capital through NFT. Not only stopping at the regional scope, NFT connects global businesses and investors together.

NFT in Vietnam – An attractive but also risky market

Vietnam has been great opportunities and advantages to access the billion dollar NFT market. However, we still face some barriers in terms of technology, high investment costs, speculation and “surfing”. Besides improving knowledge, businesses need platforms to create, store and trade NFT really reputable.

OpenLive NFT is a decentralized trading platform. NFT center developed by Vietnamese people. The purpose of the project is to create a good platform, with high transparency, to help businesses access NFT and bring Vietnamese values ​​and Vietnamese products to the world.

OpenLive NFT’s interface is designed to be friendly, easy to operate, easy to find information and compatible on all types of electronic devices. Users will receive a token with an asset representation every time they make a transaction, which is clearly listed for easy management. Along with many utility features such as NFT Launched, NFT value-added auctions, multi-point marketing, future-oriented OpenLive becoming the standard for asset protocols.

The OpenLive NFT project is the proof and pride of Vietnamese wisdom. We inherit, integrate, bring back the most advanced development trends in the world, but always make adjustments and changes to suit both domestic users.

More information about OpenLive NFT:

Website: https://openlivenft. com/

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