NFTs have the potential to be infinitely useful in many industries by increasing security and processing costs for transactions and providing a new platform for the gig economy to work through. The recent influx of news surrounding the trend of non-fungible tokens (NFTs) that have been fetching staggering amounts online has a universal reach. Although they have recently become a new fad for celebrities to spend millions on, NFTs have a surprising amount of utility that comes along with their collectability. As we continue to explore this new, completely-digital asset class, today we will learn what Entrepreneur Sina Sinry has to say on the practical use they can provide: a highly secured, comprehensive approach to online business transactions.
More and more companies and individuals have entered the fray of NFTs but only a few have held their own and survived amid the turbulence. Entrepreneur Sina Sinry has been familiar with the crypto and NFT industry, even before his peers were aware of its profits. This is one of the most important quality that sets him apart from the rest; his invaluable experience that no one possesses at his level.
Before moving ahead with entrepreneur Sina Sinry’s views on the practical uses of NFTs, let us know a little bit about him.
Sina Sinry is an Iranian serial entrepreneur, investor and a brand strategist who has become a powerhouse in lifting small and big businesses to bigger heights. Besides, he has himself established several businesses some them being Sinry Advice, My Ea Academy, Sinry Academy and FTVIO.
The Sinry Advice is a full-time team of Forex traders and Forex robot developers that create Forex trading robots and custom trading indicators for MetaTrader 4. These tools conduct a sophisticated analysis of fast-moving markets in a split second. The My Ea Academy is a trade name under the company of Sinry Advice Worldwide (Tr0214386-K) well-known in trading educational tools to bring the best trading experience for their clients around the world. The Sinry Academy is a professional program for entrepreneurs and investors, helping them set up their businesses through digital strategies and brand voicing. FTVIO is a unique NFT marketplace exclusively made for fashion designers and brands to allow everyone to discover, collect, buy, and sell fashion NFTs in a niche space.
Continuing with entrepreneur Sina Sinry’s views on the practical use of NFTs, here’s what he has to say:
‘Moving beyond Art — NFTs for business’
According to Sina Sinry, the utility for NFTs lies in their use of Blockchain technology; a decentralized digital ledger that is almost impossible to alter or hack. Beyond proving ownership of a unique digital asset, this technology has almost limitless applications beyond simple pixelated art. “Imagine a world where the deed to your house exists as an NFT. Instead of having to be re-generated every time the house is sold, the deed would log all changes automatically, making closing a breeze. Not only that, but it would also be much more secure — nobody would be able to forge house ownership, because they wouldn’t be able to alter the NFT.” says Sina Sinry. He adds, “This wouldn’t just apply to houses, either. It would be useful in any environment where ownership needs to be tracked and proven. Instead of having to spend time hunting down the paperwork to prove you bought and owned something, the NFT would provide a perfect record of the entire ownership history of an item.”
‘A more secure transaction platform’
In today’s age, Paper-based transactions have almost become inefficient, requiring more human employees and have a tendency to be lost. However, they have one advantage over the cloud-based documentation in use today: It’s often easier to prove a paper document’s authenticity. Documents stored online can be hacked, duplicated, or altered, which costs companies millions of dollars every year. Says entrepreneur Sina Sinry, “NFTs of the future could solve both of these problems. They bring a new layer of security to digital transactions while simultaneously improving efficiency. Anyone involved in a transaction can see the NFT’s journey from creation to the final version in real-time, as well as know exactly who else was involved in that journey. It creates a virtually unhackable system that’s encrypted, able to be easily distributed and can’t be altered.” According to him, Identity theft could become a thing of the past. The asset that an NFT represents is tracked and verified to exist, which heightens confidence by all parties to a transaction that it’s accurate and above-board.
‘A true win-win technology’
According to Sina Sinry, NFTs have the potential to drastically reduce transaction processing costs for both the buyer and seller of a good or service. The fees involved in these transactions, which are often a function of the analog systems that are used to process them, could be dramatically reduced. This could also create the ability to increase the volume of transactions. ‘NFTs are easy to mint, and one person can mint several in an hour — something they can’t do with physical documents or even many digital documents.” says Sina Sinry. He adds, “The Blockchain technology that underlies NFTs has already changed the world, and it will continue to as businesses work through issues like interoperability and widespread adoption by average consumers. Instead of remaining a high-priced novelty for the people who already have everything else, the NFTs of the future will be judged by how efficient and secure they make everyday business. There aren’t any losers in that world, apart from perhaps the less-than-savoury characters taking advantage of today’s systems.”
Entrepreneur Sina Sinry helps people enjoy the freedom of building up an additional income by leveraging the Blockchain technology. Of course, such individuals should be ready to deal with the technology, the products, and the opportunities and risks behind them, which is where Sina Sinry is helping clients to make informed decisions. According to entrepreneur Sina Sinry, the successes recorded by his businesses have spurred him to keep going. “It is very simple and is also what will probably drive most people is Success! Those who have achieved their first big success achieved it with their own hands and their own mind, and have gone through all phases of entrepreneurship will know the overwhelming feeling of having made it” says he.
With years of entrepreneurship experience, Sina Sinry is a public speaker and motivator. Since he is a prolific influencer, he creates educational content for social media too. He has 309K followers over his Instagram handle and his content is loved by his audience based in Iran and other parts of the globe. He organizes several events in which he speaks about his experience in entrepreneurship and on ways to begin from zero. He often states that his goal is to influence the young generation and inspire people to take action which would help them make something out of their life. Entrepreneur Sina Sinry says, “Your attitude and your willingness to develop yourself is the key to your success! Only you can ensure positive results.”As a message to young entrepreneurs, Entrepreneur Sina Sinry stresses on the need to continuously develop skills and get acquainted with the latest means and mechanisms of the work so as to always be in the good faith and confidence of the clients.