For some entrepreneurs, the limits of creativity are hard to define. Rex Teo proves this with his unique creations of NFTs (non-fungible tokens) that combine art, technology and blockchain to bring creative beings to life in the virtual world. Its flagship brand of Mutant Ape Kids Club (MAKC) has gained traction as one of Asia’s top NFT collections.
Rex Teo on his view of blockchain collectibles
NFTs are the next generation of collectibles. They are limited in number, meaning that once they are all sold out, they will not be restocked. He is one of the top 10 creators in Asia less than 48 hours before he drops MACK M2, he has already crossed the 10 million dollar threshold and it shows no signs of slowing down. He also owns 2 companies that both achieve millionaire status. He believes virtual assets are a new form of currency. The world is changing and you have to keep up with the trends or you will lose out.
Is there any real use for these virtual assets (NFTs)?
Many people struggle to see the value of these non-swampable signs. After all, they are virtual assets that do not actually exist. However, they hold some value in the sense that they can be traded for other digital assets such as cryptocurrencies or fiat currencies. There is also a secondary market where traders can make money by buying low and selling high. Additionally, it may become more valuable in the future as more people start using it as currency. Rex Teo knows that many people find it difficult to see the value of these non-slingable tokens. He says that many virtual assets cannot be seen at a single glance, but through different perspectives you will see their uniqueness which makes them invaluable even if they are not tangible because you know their story and how long it took to such an asset (which would never happen again).
Not only one of the most influential NFT creators, but one of the highest prize winners in the world
Rex Teo is one of the most influential creators in the world. In addition to being a top 10 NFT creator, he is also a successful entrepreneur with two multimillion dollar companies under his belt. His creativity and unique ideas have not gone unnoticed – Rex is considered one of the highest award winners in this sector, with awards such as Blockchain Leadership Award (awarded at an annual event), W3B Excellence Awards for Creativity for Best Non-Fungible Token (awarded at an annual event) and more. His company, Mutant Ape Kids Club, was recognized as the best non-swimmable token creator in Asia by listing on the Open Sea. With over 20 million+ worth of NFTs sold by him, he is now working on a new project that promises to change the way we use and own digital assets forever.
A Blockchain and Crypto Encoder
He believes that there is a great potential for application in the future with crypto tokens. I think this will be the next phase of how people interact online. When asked what he would like to see change or develop within the world of cryptocurrency, he replied: I would like to see more cryptocurrencies that can do what Ethereum can do, but faster. It would also be great if we could have just one token and use the converter on exchange to convert between all currencies instead of having tons of wallets for each currency. It’s just so much easier!
Twitter: @rexteo_ups
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