Official Digital Freemasonry NFT Marketplace

In order to preserve and further develop Freemasonry, we have built new digital tools adapted to the new digital age, both for the benefit of current and future generations of Freemasons.

In doing so, we will single out the Masonic Passport iOS and Android App and Intiation Tool which are already in use.

In order for every Digital Freemason to get an equal chance to participate and help develop our joint project, and in return be rewarded, we decided to create a sustainable ecosystem within which we will enable buying, selling, collecting and exchanging various types of NFT’s through the NFT marketplace.

The acronym NFT consists of three words: “non-fungible token.” The English term “fungible” is used in economics and means a form of property and things that can be exchanged for another property or thing of the same value.

The simplest example of such a form of property is money, more precisely cash. For example, you can exchange a 100€ banknote for another 100€ banknote, two 50€ banknotes or 10€ banknotes. The parties that have exchanged banknotes are not at a profit or loss.

If something is marked as “non-fungible”, it means that it cannot be replaced even if two types of assets can have the same value.

An example of this is real estate. Each property has unique specifications and finding another property that has the same characteristics and the same value would be virtually impossible, so they cannot be replaced.

The token can most easily be translated as a certificate stored on a blockchain network. The principle is the same as with cryptocurrency information also stored on the blockchain (transfer time, amount, etc.)

Thus, NFT is a form of digital asset that cannot be exchanged for another NFT, and information about its purchase or ownership is transparent as it is stored on the blockchain network.

Because this record is stored on a blockchain network, each NFT is unique and its data cannot be changed.

NFT is a unique form of a digital asset that works differently from cryptocurrencies, although they are most often bought in cryptocurrencies.

NFT is a unique form of digital asset or a unique digital record stored on a blockchain network. Also, many NFT projects are created with the help of smart contracts. For example, if you buy NFT, a smart contract will make the transfer for you.

With a smart contract, each NFT can have more detailed information such as the details of the person listed as the owner of the NFT, the current value and the like.

Why is all this information about the owner of NFT and their storage on the blockchain important at all?

NFT digital assets can be a variety of tangible and intangible things, from artwork, writings, nudes, videos, music to tickets to various events.

It can be compared to collectibles. However, with NFT, instead of physical ownership, the collection owner has a unique digital certificate of ownership stored on the blockchain network.

Because cryptographic technology prevents any kind of data manipulation, it is very easy to get information about who owns and how he bought NFT.

Authenticity

As already mentioned, every NFT is unique and cannot be easily falsified. Each NFT has unique data (metadata) that cannot be manipulated and that prove the authenticity of the work.

Limited quantities

Many NFT projects, like ours, have a specific number of NFTs to be produced. The limited amount of NFTs means that some of them can be very rare. When something is rare it attracts the interest of a large number of people, and ultimately NFT can therefore achieve greater value.

Transparency

Since all NFT data is stored on the blockchain, it is easy to get insight into information about the creator, buyers (if the work has been sold more than once), etc. Such a degree of transparency confirms authenticity and eliminates the need for third party verification.

Immutability

Because NFTs are based on blockchain technology, they cannot be deleted, they cannot be modified, nor can they be replaced by another NFT. This also applies to the ownership of NFT. Once you purchase NFT (provided it was an agreement with the author), you become the owner of all copyrights. Compare that to music services like Spotify, iTunes and the like. With such services you buy a license to listen to music, while with NFT you are the full owner of the work.

A common question asked by first-time NFT buyers is “Why would I buy NFT when I can easily download it to my own computer?”

By purchasing Digital Freemasonery NFT, you get the following multiple benefits:

• Simple proof of ownership
• The opportunity to create collections through your own personalized gallery
• The possibility of later exchange or resale to other collectors
• Dividend authorization status (described later)