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Comparing ShariaCoin NFTs to Traditional Art NFTs: Understanding the Key Differences

nft word on a paper

Comparing ShariaCoin NFTs to Traditional Art NFTs: Understanding the Key Differences

The fundamental differences between ShariaCoin NFTs and traditional art NFTs can be summarized as follows:

  1. Themes and symbolism: ShariaCoin NFTs feature Islamic themes and symbolism, while traditional art NFTs may feature a wide range of themes and styles.
  2. Tangible value: ShariaCoin NFTs are backed by 4.25 grams of pure 24 karat gold, providing a tangible value in addition to their symbolic value. Traditional art NFTs may not have a tangible value beyond their symbolic value.
  3. Redemption options: ShariaCoin NFTs can be redeemed for the physical gold coin, fiat currencies, or USD stablecoins, while traditional art NFTs may only be sold to a willing buyer for their symbolic value.
  4. Transaction fees: ShariaCoin NFTs have a flat rate of 2.5% for each buy and redemption request, while fees for traditional art NFTs may vary.
  5. Market: ShariaCoin NFTs are focused on a specific niche market, while traditional art NFTs may have a wider appeal.

Overall, while both types of NFTs offer unique investment opportunities, understanding the key differences can help investors make informed decisions about which type of NFT may be the best fit for their investment goals.

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