Is NFM the next generation of NFT?

By Marcus Patel | BitNews | 29 Apr 2022

Non-fungible tokens (NFTs) have become an everyday phenomenon these days, especially in the crypto industry. From art and music to virtual land, to tacos, to clothing and toilet paper, these digital assets are selling like 17th-century Leonardo da Vinci's Mona Lisa—some for millions of dollars.

But are NFTs worth the money or the hype? Some experts say they’re a bubble poised to pop, like the dot-com craze or Beanie Babies. Others believe NFTs are here to stay, and that they will change investing forever.

Well, these questions make sense. And, is overcrowding of NFT, which is a function of value appreciation with no real utility, even worth going after?

Amidst all these questions has emerged a new form of NFT introduced by Nitro Network. Nitro Network is creating a hyperconnected network powered by IoT combined with LoRaWAN and 3G/4G/5G. They have introduced a digital miner named Non-Fungible Miner. Non-Fungible Miners are basically a NFT with multiple benefits packed in it. NFM is a package of collectible arts, token rewards (like a miner) and real-world utility.

For every NFM purchased by a user, Nitro is creating a private network with Nitro Ion Miner (a LoRaWAN/3G/4G/5G) device. We can say that this NFT is changing the source of the hand who provides connectivity. Currently in most geographies, a few telecommunication companies provide bandwidth and people pay to utilize that data connection/bandwidth. With Nitro Network, you create the bandwidth with the NFM and earn NCash (their native token).

But the most important questions are, how much is the return, and what will the future of NFM look like?

With Nitro NFM you mine NCash per EPOCH. An EPOCH is equal to 30 minutes.These NFM comes in three categories with different earning per EPOCH. ICONIC which is a tier 1- NFM yields highest earnings and TOP which is a tier 2-NFM yields lowest among the three categories. Per EPOCH earnings are following:

ICONIC (Tier 1)= ~96 NCash
PREMIUM (Tier 2)= ~80 NCash
TOP(Tier 3) = ~24 NCash

As per the current price of NCash the daily earnings of these NFM in USD will be $1.1, $0.92 and $0.27 for tier 1, tier 2 and tier 3, respectively. These daily earnings will increase by at least 10x-15x in the next few months. This is because it has entered the private network industry with 5G and also aims to include IOT solutioning in upcoming years. The CAGR for the private network is forecasted to be 20% and for IOT is 19.6%. While the 5G infrastructure market is supposed to grow by a CAGR of 49.8% alone.

So, Nitro is occupying the market size, which is growing with an average CAGR of 30%. Also, there are only countable contenders, such as Helium, in this space. But their model and return are poor. They are struggling to manage the deployment of devices and maintaining the infrastructure;.
The return on investment for people contributing to the network is close to $9 or less per month. And this is the case after 2 years for these companies. While Nitro has the highest reward among all when it is visibly undervalued. Nitro’s business model and reward structure are sustainable. It has a product ready to be deployed. Its NFM marketplace is already live. Also, it has a secondary marketplace on NFTrade where you can sell your NFM also whenever you want. In short, your NFM is a liquid asset.

It goes without saying that investing in NFTs is a tricky matter, especially when you don’t know whether you will get good returns for your investment. That is exactly why Nitro NFMs are a highly reliable source of investment. Nitro NFMs exhibit all attributes of an NFT and come with the advantage of enhancing your investment. Your mining rewards from Nitro NFMs are equally good if not better as compared to physical miners, without the hassle of owning one. Being an owner of Nitro NFM gives you an upper hand, even when you choose to resell them. Thanks to its rarity, your returns get a significant boost. A perfect score.

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Marcus Patel
Marcus Patel

Crypto enthusiast equities analysis background. Early investor of Dogecoin, Shiba Inu and Monero


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