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Monster Molecules Utility NFTs will Shape the Multi-Billion Education and Training Sector

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Monster Molecules Utility NFTs will Shape the Multi-Billion Education and Training Sector

To get a hold of a CryptoPunk or a Bored Ape Yacht Club (BAYC) NFT, you might have to part with hundreds of thousands of dollars, sometimes millions. It shows that NFTs, despite being a comparatively nascent technology, are here to stay. Gone are the days when critics threw salvos that digital art and NFTs were a passing cloud, a fad.

If anything, the NFTs market is worth billions. In 2021, the cumulative NFT trading volumes rose to over $40 billion. In 2022, that number could rise to triple digits, considering the maturing market and the ever-evolving NFTs and crypto market.

Cryptocurrencies and NFTs are projected to be permanent fixtures in the metaverse scene. It is a high-octane market that analysts from Bank of America (NYSE:BAC) and JP Morgan forecast would swell to over $1 trillion in years to come.

Why Utility NFTs are the Future

The beauty in NFTs lies, like early adopters of Bitcoin, in its value and, increasingly, how NFTs are being intertwined in gaming, social media communication, the Metaverse, and mostly DeFi as valuable utilities.

An NFT is a utility if the token draws extra benefits besides holding. Emerging scenes like GameFi and SocialFi sufficiently demonstrate that NFTs transcend art. Instead, because NFTs are nothing more than digital tokens compliant with a different standard without losing the properties inherited from the underlying blockchain like transparency, immutability, and security, they can be seamlessly integrated into multi-billion industries.

For this precise reason, utility NFTs have a bright future and could potentially command billions.

What is the Monster Molecules NFT Collection?

Monster Molecules by Monster Molecules Research Lab (MMRL) is an NFT collection of 5,555 unique molecules from a genesis clan growing stronger and volatile with a mission to make the Metaverse a better place.

Each monster is derived from glucose’s energy molecule. Like how glucose plays a vital role in humanity, each monster molecule provides revolutionary functions and utilities to the rapidly expanding NFTs world and, eventually, the Metaverse.

Monster Molecules Rarity

MMRL is releasing Monster Molecules with two rarity levels—Trait Rarity (TR) and Asset Rarity (AR).

The Trait Rarity measures the rate of occurrence of each property. On the other hand, the Asset Rarity describes the total rarity score of the listed asset. This metric allows molecules to be compared and ranked horizontally.

The rarity of each monster is calculated based on trait categories like body, weapon, head, skin, mouth, clothes, and even background. The rarer a monster is, the more valuable it is in the genesis clan and can fetch more in external marketplaces.

The “Laser Beam” monsters are some of the rarest monsters in the Monster Molecules collection. There will only be 267 of them.

Monster Molecules NFTs Utility in Education

While most projects focus on minting utility NFTs in gaming and DeFi, Monster Molecules NFTs will find immense application in education and training.

Interestingly, education and training are a vital multi-billion industry that surprisingly lags in the technology adoption curve. Accordingly, the MMRL team calls on the community to always accumulate NFTs that have real-world utilities and are backed by a strong community. Already, the Monster Molecules community is rapidly growing and vibrant.

Its holders can use their assets to access the Metaverse, prepare for exams, that is, for holders pursuing professional certifications– and even training. By providing education as a utility, Monster Molecules holders can access top learning portals providing courses from various universities and organizations.

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Cryptocurrency

Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS

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Top 5 cryptocurrencies to watch this week: BTC, MANA, MKR, ZEC, KCS

Bitcoin (BTC) has been relatively calm during the weekend as crypto traders try to rebuild the markets after the Terra LUNA debacle. With macro factors not supportive, several analysts expect the recovery to be a slow grind.

Crypto research firm Delphi Digital said in a recent report that the rally in the United States dollar index (DXY) had pushed its 14-month relative strength index “above 70 for the first time since its late 2014 to 2016 run up.”

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
MANA/USDT daily chart. Source: TradingView
MANA/USDT 4-hour chart. Source: TradingView
MKR/USDT daily chart. Source: TradingView
MKR/USDT 4-hour chart. Source: TradingView
ZEC/USDT daily chart. Source: TradingView
ZEC/USDT 4-hour chart. Source: TradingView
KCS/USDT daily chart. Source: TradingView
KCS/USDT 4-hour chart. Source: TradingView

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Cryptocurrency

Crypto capital gains one of four key areas for Australian Tax Office

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Crypto capital gains one of four key areas for Australian Tax Office

The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022.

A capital gain or loss refers to the price difference between the time an asset was purchased and the time it was sold. The percentage owed to the ATO varies between income brackets and duration of ownership, but in general, the rate is reduced for assets held longer than 12 months.

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Cryptocurrency

Celsius Network’s crypto mining subsidiary SEC filing suggests plans for IPO

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Celsius Network’s crypto mining subsidiary SEC filing suggests plans for IPO

Celsius Mining, the mining subsidiary of crypto lending platform Celsius Network, has filed paperwork with the United States Securities and Exchange Commission, or SEC, suggesting plans for an initial public offering (IPO).

In a Monday announcement, Celsius said its mining subsidiary had filed a Form S-1 draft registration statement with the SEC, suggesting the firm may be planning an initial public offering. The SEC requires companies in the United States to file an S-1 registration for shares to be listed on a national exchange, like the Nasdaq or New York Stock Exchange.

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