FAQ

NFT literally means non-fungible tokens. You can imagine NFT as a certified digital object with you as a sole owner! It has its own serial number and its uniqueness is easily verifiable in a network accessible to all - blockchain. That is why NFT is an irreplaceable asset - there are no two identical tokens, and each one is one of a kind and has its own value. This is what distinguishes it from cryptocurrencies, which are interchangeable - they can be exchanged with other virtual currencies or various financial assets (just like traditional paper money).

Any digitized files can be traded in the form of NFT. These are collectible cards, characters or weapons in online games or modern online art (GIFs or wallpapers, which are increasingly seen in profile photos on celebrities’ social media channels); antique or special editions of coins, paintings, 3D sculptures, original recordings of songs, drafts or first copies of literary works, newspapers or magazines, football teams, trophies, flags and many other items.

NFT literally means non-fungible tokens. You can imagine NFT as a certified digital object with you as a sole owner! It has its own serial number and its uniqueness is easily verifiable in a network accessible to all - blockchain. That is why NFT is an irreplaceable asset - there are no two identical tokens, and each one is one of a kind and has its own value. This is what distinguishes it from cryptocurrencies, which are interchangeable - they can be exchanged with other virtual currencies or various financial assets (just like traditional paper money).

Blockchain is a shared, unified and immutable database on the Internet that facilitates the process of recording transactions and tracking assets. The assets recorded in it can be tangible (real estate, car, money) or intangible (intellectual property, patents, copyrights).

Virtually everything valuable can be tracked and traded in the blockchain network, which reduces the risk and costs for all participants. Each transaction is recorded as a "block" of data. Each block is connected to those before and after it. Transactions are "blocked" together in an irreversible chain: a blockchain. For that reason, the network cannot be falsified or altered once the data has been saved. This is the technology behind all cryptocurrencies.

Each NFT has a traceable history - who owns it, when it was created and what its value is over time. All this information can be easily verified on the blockchain network with its unique serial number.

Collectible. The uniqueness of a given NFT carries its value. Many people are intrigued by the idea of owning a digital asset that no one else can copy or claim to own. The price of an NFT itself is determined by changing market trends.

Each NFT has a traceable history and ownership is guaranteed by a digital certificate. This makes you the owner of an investment asset with collector's value, the price of which is determined by changing market trends. You can sell or bet your NFT at any time.

This innovation brings a new way to monetize and generate significant revenue for many artists, musicians, athletes and influencers. By purchasing an NFT, the work of each individual can be financed and valued. Thanks to the NFTcredo’s platform, your purchase will help an athlete or club whose successes have been digitized.

The first NFT collection "Legends: Nasko Sirakov" was created to celebrate the 60th anniversary of the majority owner of PFC Levski and legendary striker of the team Nasko Sirakov. His name is already written in golden letters in the club’s history - at the age of 13 he joined Levski’s academy and soon became dominant on the home stage with the Blues. He won third place in the fight for the "Golden Boot" in 1986/87 season. The "Bronze Boot" he won was donated to the newly opened Levski Museum in 2019! He is part of the greatest Levski line ups, cementing himself in the blue pantheon of greatness after scoring 4 goals against their greatest rival CSKA in the historic 7: 1 victory.

Sirakov is the team's top scorer with 165 goals and a five-time champion of Bulgaria. His success as a footballer is only part of his legendary status at “Gerena”. He is a well-known football magician who brings everything on the field - strength, finesse, class and intellect. His leadership qualities are indisputable and it is no coincidence that he is one of the most successful directors in the club’s history. As a sporting director he has 5 titles, 5 cups, 2 super cups, a quarter-final in the UEFA Cup tournament in the 2005/06 season and participation in the group stage of the Champions League the following year. It was his successes on a European scale and the implementation of a modern model of work in the club that cemented him as a pillar of Levski’s ideals.

That is why he is the charismatic figure chosen to lead Levski in one of its most difficult moments. Winning Bulgarian Cup this year against the eternal rival CSKA is another success, and the renewed energy and fan enthusiasm are a new invaluable contribution to the team’s history. For all those reasons, the preservation of significant moments in Nasko Sirakov’s career and the creation of this collection entirely dedicated to him was a significant gesture to an eternal legend!

The blockchain network we chose for our project is Solana. The main reasons are: the high transaction capacity that the network provides and the growing ecosystem with many projects that include portfolios, stable coins, NFT and decentralized financial applications. The creation and demand for NFTs under Solana is becoming increasingly popular due to the low fees that reach the end user. The largest market for irreplaceable tokens (NFTs) Opensea has also started the integration of Solana NFTs. This network is also considered the fastest blockchain technology with an average transaction cost of $ 0.00025. Solana is also one of the main organizations developing Web3. It is a third-generation blockchain-based Internet that will provide users with an easy-to-use, secure, and better-organized environment.
Here you can find additional information from independent sources related to the future development of Solana: dailyhodl.com, ambcrypto.com

Each NFT can be purchased with a debit or credit card. The purchase will be made directly on the platforms on our website. The ownership of the purchased digital asset will be reflected in a blockchain, and the relevant electronic certificate will be sent to a digital wallet specified by the user.

Such a wallet can be easily installed on any smartphone by applying and creating a simple user account. To do this, use the link https://phantom.app and follow the steps described here:

  1. Visit https://phantom.app/download and select your browser type. Follow steps in your respective extension store to add Phantom to your browser. After installing, you should see Phantom start up in a new tab.
  2. If you are a brand new Solana user, select "Create New Wallet". If you are an existing Solana user coming from sollet, you can follow steps here to migrate your existing wallets to Phantom.
  3. Store your "Secret Recovery Phrase" in a safe and secure location, it is the only way to recover your wallet. At no point will a member of the Phantom team ever ask you for this phrase. Whoever has access to this phrase has access to your funds. Note: We now have an integration with 1Password for safe storage of your secret recovery phrase.
  4. Look for the Phantom icon in your browser's toolbar.If you are using Chrome, it will be in the top right hand side of your browser. If you don't see it look for a "puzzle piece" icon and click on it to access a list of installed extensions. There you should find Phantom, click on the "pin icon" to make it easier to find in the future.
  5. Save the 12 system-generated pass phrase that will help you reset your password or change the device you use for your wallet.
  6. Done! Your wallet is created! Click the "Get Started" button and you will be sent to the home page.
  7. If you click the icon in the upper left corner, you will be able to see all the settings in your wallet.
FAQ - NFT Credo