In order to understand the concept of Earth Node NFTs (ENNFT), it is essential to first familiarize yourself with the fundamentals of Earth Nodes.
What is an Earth Node?
Earth Nodes are the backbone of World Mobile, connecting Air Nodes, processing transactions, and offering essential services like authentication and storage-as-a-service, VPN-as-a-service for all users on the World Mobile network. They enable a fairer internet model, supporting decentralized identity and global communication. Using a proof-of-stake mechanism,
Earth Nodes ensure user privacy by verifying data traffic. By owning an Earth Node NFT, users are given the right to secure the network, configure modules and earn rewards as decentralized validators on the World Mobile Network.
What is an Earth Node NFT?
An Earth Node NFT (ENNFT) is a non fungible digital asset on the blockchain. Each ENNFT is associated with 100,000 (World Mobile Tokens) $WMT which grants the holder the authority to operate a World Mobile Earth Node. There are currently 1000 ENNFTs available on the Cardano network.
Benefits of Earth Node NFTs:
Digital Ownership and Authenticity:
NFTs use blockchain technology, typically on POS networks such as Cardano, to establish ownership and prove the authenticity of digital assets. This is particularly valuable in the digital art and collectibles space, where proving the originality of a piece is crucial. Besides the amazing art ENNFTs hold they also provide a unique aspect which is a real life use case of authentication of an entity and the right of ownership through an NFT.
Immutable Record on Blockchain:
Transactions involving NFTs are recorded on the blockchain, providing an immutable and transparent ledger. This ensures that ownership and transaction history cannot be altered, providing a secure and trustworthy system. This is one of the advantages NFTs would bring to telecommunications.
NFTs can be easily transferred and traded across various platforms and marketplaces. This interoperability enhances the liquidity and marketability of digital assets.
NFTs often utilize smart contracts, self-executing contracts with the terms of the agreement directly written into code. This enables automatic royalty payments to creators whenever the NFT is resold, providing ongoing compensation for artists as funds remain digital and liquid.
NFTs are typically built on blockchain networks, which are decentralized and distributed. This reduces the risk of a single point of failure and ensures that ownership data is not controlled by a single entity. Cardano is the home of ENNFTs and is known to be the most secure and decentralized blockchain which makes a perfect blockchain for ENNFTs.
NFTs can be bought, sold, and traded globally. This global accessibility allows businesses and creators to reach a broader audience and provides collectors with access to a diverse range of digital assets from around the world.
Tokenization of Real-World Assets:
NFTs can represent ownership of not only digital assets but also real-world assets like real estate, music rights, or even physical art. This tokenization allows for fractional ownership and increased liquidity in traditionally illiquid markets.
NFTs can be used to engage and reward communities. Creators can issue limited edition NFTs, offer special perks, or create loyalty programs, fostering a sense of community and support.
Innovative Use Cases:
NFTs are being explored for various innovative use cases, such as virtual goods in gaming, tokenized memberships, event tickets, and now in telecommunications through ENNFTs. This opens up new possibilities for how digital and physical assets are represented and traded.
Where to Obtain Earth Node NFTs:
To obtain your ENNFT, you need to explore one of the many NFT marketplaces on the Cardano network. We recommend using jpeg.store for this purpose. This platform is compatible with all major Cardano wallets, providing a simple and secure process for your ENNFT transaction. Always remember to carefully verify the Policy ID when making an NFT purchase
View the ENNFT policy ID: here
How to Store Earth Node NFTs Securely:
Securing your Earth Node NFTs is paramount. Utilizing hardware wallets provide an additional layer of security, protecting your digital assets from potential cyber threats. Storing your ENNFTs securely in a cold storage is highly recommended.
To securely store your NFT in cold storage, follow these steps:
Select a Hardware Wallet:
Install the Wallet Software:
Set up the wallet by following the manufacturer’s instructions. Ensure you download the official software from the manufacturer’s website to avoid scams or malicious software.
Generate and Secure Your Recovery Seed:
During the wallet setup, you’ll be given a recovery seed (a series of words). Write it down on paper and store it in a safe and offline location. This seed is crucial for recovering your wallet if your hardware wallet is lost or damaged.
Transfer NFT to Hardware Wallet:
Access your NFT wallet through the hardware device. Follow the wallet’s instructions to receive the NFT into your hardware wallet address. This ensures that your NFT is now stored in cold storage.
Disconnect and Store Safely:
Once the transfer is complete, disconnect your hardware wallet from your computer. Store the device in a secure place, such as a safe or safety deposit box, to keep it physically protected.
Regularly Backup Recovery Seed:
Periodically backup your recovery seed and store it in multiple secure locations. This ensures you can recover your NFT even if the hardware wallet is lost or damaged.
By utilizing a hardware wallet and following these security measures, you can store your NFT in cold storage, enhancing its protection against online threats.
Earth Node NFTs represent an exciting intersection of blockchain, decentralization, and internet connectivity. By understanding their significance, acquiring them responsibly, and contributing to the World Mobile ecosystem, individuals can play a pivotal role in shaping the future of a more inclusive and accessible internet for all.