Just a couple years ago it would have seemed impossible that digital pieces of art could be worth much money on the internet. And now it is becoming increasingly common to see NFTs — some of which aren’t particularly impressive — go for millions of dollars.
The Bored Ape Yacht Club project is among the most striking examples of how successful NFTs have become, with the collection now being valued at more than a billion dollars.
It seems like the value people give to digital property such as NFTs and cryptocurrencies is only set to increase over the coming years as more and more of our world shifts into the digital realm. From owning digital pieces of art, to collecting in-game items in play-to-earn crypto games, the number of people who own blockchain-backed digital property is growing by the day.
As many of these new types of digital assets tend to drastically increase in value over time, one is left to wonder what would happen to these assets in the case their owners were to pass away without having taken the time to include them in their testaments. About 20% of bitcoins — the equivalent of over $230 billion dollars at current valuation — appear to have been lost or misplaced according to a source cited by the New York Times. Surely, a considerable portion of these coins alongside other crypto-assets have gone missing following their owners’ unfortunate death because they did not think of adding their wallets and collectibles into their testaments.
To address this issue, the i-Ternity team is currently working on developing an innovative new platform which aims to provide crypto investors with a convenient solution for safeguarding and transmitting their digital heritage, and all from the comfort of their own homes. By providing the possibility to easily draft and manage testaments, which are then minted as NFTs and stored on a user’s blockchain of choice, i-Ternity aims to become the main interface between investors and the traditional notarial system. Our team has been working in collaboration with legal and blockchain experts to develop a service which is fully compliant with notarial regulations governing inheritance transmission, and which is also highly secure thanks to the use of blockchain technology which ensures testaments cannot be misplaced or tampered with.
If you would like to learn more about the i-Ternity project you can visit our website or read through our white paper.
We are about to open our first funding round through a private sale which will take place in the coming weeks.
→ If you would like to secure a spot in this private sale and be among the very first to have the chance of investing in i-Ternity all you have to do is to take part in our contest. There are only a few days left so don’t miss it!
