From Backpacks to Blockchain: How Digital Nomads Are Utilizing NFTs to Fund Their Travels
As a digital nomad, I know that finding ways to fund your travels is important. For me, Cryptokitties were the answer! There are a lot of things that go into funding your travels as a digital nomad. You need to take care of your health, finances, and relationships with others. These three things can feel like they're constantly shifting but one thing remains constant: traveling the world is expensive! That's why I was so excited when I found an alternative way to fund my travels—one that didn't involve relying on other people or getting an additional job (which could take away from doing what I love).
How NFTs Work
NFTs are digital assets that have a history, provenance and value. NFTs can be traded or bought and sold on the blockchain. They're unique in that they aren't just one-off tokens -- the same way that you wouldn't buy an album once and then never listen to it again, you won't want to buy only one copy of your favorite band's new album. Instead, you'll want multiple copies so that each time you listen together with friends or family members (or even alone), everyone gets an equal amount of enjoyment from it without having to share their headphones!
The idea of owning digital assets that can be traded or bought and sold is not new. The technology used to create NFTs is called Ethereum, which is one of the most popular blockchain platforms in use today. It's an open-source platform that allows developers to build their own applications using smart contracts -- essentially, lines of code that allow computers to function without human input (although they do require some human supervision).
Blockchain and Cryptocurrency
In order to understand how blockchain can be used to fund your travels, it's important to know what the technology is and how it works.
Blockchain is a distributed ledger that records transactions in an immutable way. This means that once information has been added to the blockchain, it cannot be changed or deleted by anyone--not even hackers who might try to break into your account. The decentralized nature of blockchains also means there are no central servers for hackers to attack; instead of having one place where all data is stored (like banks), blockchains distribute their data across thousands of computers around the world so no single person has control over them--and if one gets hacked, there will still be plenty more copies left untouched elsewhere!
Finally, blockchains use cryptography techniques called hashes and public keys with private keys: these secure digital signatures allow people using Bitcoin wallets (or Ethereum wallets) as well as other cryptocurrencies such as Litecoin or ZCash which run on top of Ethereum's platform called ERC20 tokens which can hold value outside-of-cryptocurrency trading pairs like USDTetherUSD or EUREUR against each other so long as users agree upon some kind terms contractually beforehand such as "I promise not sell this item unless agreed upon conditions set forth hereunder have been met first."
Getting Paid in Crypto
In order to get paid in cryptocurrency, you'll need to set up a crypto wallet and link it with your bank account.
Create a crypto wallet: There are many different types of wallets available but we recommend using either MetaMask or Trust Wallet--both are easy-to-use and free setups that allow users to interact with Ethereum based tokens (ERC20) directly from their browser. If you want something more secure than just an online wallet, there are also hardware options like Trezor which stores private keys on the device itself rather than storing them remotely on servers somewhere else in the world.
Link your bank account(s): Once you have created a crypto wallet, linking it with one or more bank accounts will allow any payments made into those accounts via PayPal/credit card/etc., be automatically converted into the appropriate amount of Ether (ETH) at market rates without having any fees deducted from those funds! This means no longer having worry about whether or not someone will pay back in cash because now everything can be done using cryptocurrencies instead!
Where Digital Nomads Can Use NFTs
NFTs can be used to fund your travels in a way that is more sustainable than traditional methods.
Digital nomads are able to sell their NFTs on the blockchain, keep the profits from those sales and use them for their next adventure. In addition to this, there are also several platforms where digital nomads can earn money by renting out their properties or acting as tour guides for others who want to visit them.
NFTs are a new way to fund your travels, and digital nomads can take advantage of them.
NFTs are a new way to fund your travels, and digital nomads can take advantage of them. As the name suggests, NFTs (or Non-Fungible Tokens) are unique tokens that you can own and trade with other people. The value of each token is determined by its rarity: if there are only a few copies of this specific NFT in existence, then it will be worth more than an identical one with more copies available.
NFTs have been around since 2017 but have recently gained popularity thanks to platforms like CryptoKitties--an Ethereum-based game where users collect virtual cats based on their rarity level--and Rare Pepe Cards--a platform that allows users to buy and sell rare digital trading cards
We hope this article has opened your mind to the possibilities of NFTs. It's important to remember that these new technologies are still in their infancy, but they have the potential to change the way we think about money and ownership. If you're interested in learning more about how blockchain works or want to start earning cryptocurrency for your travels, check out our other articles!
