Simon Konks & Gavin McInnes — AMA — NFT’s Made Simple with DigiDoc NFT

In DigiDoc NFT first ever AMA Simon Konks the security analyst for DigiDoc NFT is being interviewed by DigiDoc NFT legal advisor Gavin McInnes.

Below are just some of the key points that we’re discussed during the AMA. Find out the full story via the YouTube video:

Simon Konks & Gavin McInnes — NFT’s Made Simple with DigiDoc NFT — AMA

⏰ Topics Discussed ⏰

00:00 Introductions

Siim has been involved with IT & Manufacturing logistics sector from early 2000’s and CRM systems automation from 2018. With the latest achievement of leading a team of software developers for My Buddy Gard GPS tracking platform and web presence from the beginning, we have made privacy and security our first and most important policy! Siim has been studying block-chain technology since early 2014 to stay up to date with the latest projects and dApps. Discovering that with the help of bloc
Simon Konks — Security Analyst & Advisor — DigiDoc NFT

Siim has been involved with IT & Manufacturing logistics sector from early 2000’s and CRM systems automation from 2018.

With the latest achievement of leading a team of software developers for My Buddy Gard GPS tracking platform and web presence from the beginning, we have made privacy and security our first and most important policy!

Siim has been studying block-chain technology since early 2014 to stay up to date with the latest projects and dApps. Discovering that with the help of blockchain DigiDoc NFT can offer more security for its users in logistics chains and manufacturing industry.

“Always deliver more than expected” and “Never give up” are his two most important rules to live by.

Gavin is a corporate, commercial and property lawyer with a diverse interest in business.
 
 He is a founding partner at GRM LAW.
 
 An Accredited Specialist in Business Law with the Queensland Law Society and sit on the Accreditation Committee for the Queensland Law Society.
 
 His clients include a number of private and listed companies, high net worth individuals and their families, leading private equity funds as well as many national brands.
Gavin McInnes — Legal Advisor — DigiDoc NFT (GRM Law)

Gavin is a corporate, commercial and property lawyer with a diverse interest in business.

He is a founding partner at GRM LAW.

An Accredited Specialist in Business Law with the Queensland Law Society and sit on the Accreditation Committee for the Queensland Law Society.

His clients include a number of private and listed companies, high net worth individuals and their families, leading private equity funds as well as many national brands.

Gavin has extensive industry experience in fields encompassing health, property, SME businesses in all sectors, energy and resources, finance, technology, hospitality, retail and the infrastructure sector.

He sits on a number of boards and have direct and indirect interests in a number of businesses in Australia.

02:00 Why and how was DigiDoc NFT idea born?

The rotation of Earth is what really makes my day

Current solutions on the market are too complex for average user to take advantage.

Setting up a wallet and minting an NFT can be confusing for many users as various systems, dApp setups and KYC processes are required to complete this process which becomes time consuming and frustrating.

We are aiming to simplify crypto space for all users that wish to participate in the WEB 3.0 movement.

03:17 Why is there a need for DigiDoc NFT dApp?

DigiDoc NFT dApp
  • Slow & Complex NFT setup

User experience when minting an NFTs is time consuming, especially when minting multiple NFTs. Not to mention the immutable mistakes you can make when freezing metadata.

  • Mistakes prone to happen

Quickly set up your account with prebuilt or custom reusable templates & categories, mint NFTs with ease eliminating mistakes.

  • Not verified without DigiDoc NFT

In social media, dating sites or even adult industry sites, we see a lot of “catfishing”, scams and phishing attempts.

We don’t really know if the person is who they say they are.

  • Verify the person is whom they say they are via DigiDoc multi-tiered KYC* certificate.
  • Each uploaded image gets shared with a unique verification link & COV* for the image to show if they are truly the person they say they are.
  • More in the AMA video

10:46 Why Did we decide to use Polygon network?

Polygon Network Logo with vivid background
Polygon Network Logo

As polygon offers fast and reliable and most importantly gas free environment for minting NFT tokens it is currently the most scalable solution in the market.

We also plan to work together with Efinity blockchain as a secondary option for the users to further speed up the minting process due to their 700–1000 transactions per second in PolkaDOT network.

As PolkaDOT is also 0 layer protocol which helps to communicate between other blockchains. PolkaDOT network is blockchain agnostic.

11:35 Why now?

Why Not! :)

The industry is growing according to coindesk the NFT industry alone will potentially reach 80 Billion USD by 2025

13:22 Why is the NFT market growing? Key reasons for the growth of the NFT market!

Building the future with NFT’s

NFT has huge potential for application in a plethora of domains to be used as a medium for ownership validation and authenticity for virtual as well as physical products.

These days, even event tickets and houses are being sold as NFT tokens. With the growing influence of block chain and globalization, fuelled by increasing internet technology, the tokenization of products will reach even the slow growing economies.

13:53 What are the applications of NFT's? Now and in the future!

World Anthropology Day — Feb 17

The possibilities are limitless. As of now, we see the following major applications of this technology — domain names, virtual real estate, trading card, tickets, game assets, collectibles, art, and entertainment media.

Businesses can sell & rent any of their merchandise & memberships in the Web 3.0 space with ease.

17:48 What are the Risks and Disadvantages of NFT's in the current landscape?

World Puppetry Day — March 21

One major disadvantage of this technology is that anyone is free to tokenize a product and scarcity of an item does not necessarily guarantee its value.

It is possible to set up fake NFT stores that look similar to authentic stores, copying their logo and even content, but the NFTs they claim to sell are not even there. Another cyber security issue is the possibility of counterfeit NFTs, where impersonators sell fake NFTs in a famous NFT artist’s name.

DigiDoc’s Solution is Verification & Validation — The original creator can validate their wallet using various available KYC methods within DigiDoc Ecosystem to protect themselves and their clients.

19:56 What are the legal challenges facing the NFT market?

Social Justice Day — Feb 20
  • The challenges facing the NFT market are primarily regulatory in nature.
  • There is a lack of clarity about how NFTs should be treated under existing laws, which has resulted in a number of regulatory uncertainties.
  • This has made it difficult for businesses to develop clear legal frameworks for NFTs, and has hindered the growth of the market.

21:46 How to NFT's correlate with the blockchain? (benefits)

Tile Day — Feb 23

There are many benefits of using NFTs, including:

  • Increased security
  • NFTs are stored on the blockchain and cannot be manipulated or stolen. Increased transparency
  • All transactions involving NFTs are publicly recorded on the blockchain.
  • All transactions involving NFTs are publicly recorded on the blockchain. Reduced fees
  • Using NFTs, there is no need to create a transaction on the blockchain. Since all data required for the smart contract to function is sent along with the NFT, this costs very little.

24:41 What are the DigiDoc NFT top priority for developing MVP?

We are focusing our developments for the MVP in 5 key areas:

1. Complex crypto setup —

We believe that setting up your wallets should not be a rocket science. One click wallet setup and the rest is optional.

2. Time consuming and complex NFT setup —

  • Freedom to sell, rent and market your merchandise including real-world and digital assets.
  • Quickly set up your account with prebuilt or custom reusable templates & categories, mint NFTs with ease eliminating mistakes.

3. Verifying and Validating data integrity and security –

  • DigiDoc verified solution using our proprietary methods combining data encryption, blockchain technology, smart contracts & available meta data and KYC methods.
  • With DigiDoc NFT you can use your own mobile phone camera to record a video or take a photo directly into the blockchain and verify your ownership of the recording instantly.

4. Proof of ownership (real world assets & Digital assets) –

  • Truly take ownership of your intellectual property just like your cryptocurrency in your digital wallet. Mint your idea into an NFT and easily hide sensitive information behind the NFT that will only be visible to you the holder.
  • Easily verified and provable in court.

5. Catfishing and scams —

Peace of mind when navigating through social media platforms.

  • Verify the person is whom they say they are via DigiDoc multi-tiered KYC certificate.
  • Each uploaded image gets shared with a unique verification QR code & COV for the profile to show if they are truly the person they say they are.

Followed by:

  • Wallet insurance
  • DigiDoc NFT protocol for hardware that will communicate directly with the blockchain
  • Governance, where the project direction is decided by the HODLers of the Digi Dollar Tokens

And heaps more…

26:49 How will the DigiDoc NFT wallet insurance work?

Data Privacy Day — January 28

As $DDT is proof of stake token it allows us to offer insurance through staking in multiple tiers.
In your conventional insurance you can simply pay more towards your premiums to get better coverage.

In order to access the wallet insurance the user would need to complete the full KYC process and stake their tokens for the allocated time period to be eligible.

With DigiDoc NFT you can simply increase the amount of tokens you stake and raise your wallet insurance accordingly.

In case of losing access to your wallet secret keys then you can initiate an insurance claim process where you have to pass the full KYC process again and it will allow the smart contract to access the tokens from your wallet and send a percentage of DDT tokens from the wallet to your new appointed wallet, and the rest will be put back and distributed between the liquidity and staking pool tokens so that every user in the DigiDoc ecosystem benefits.

That’s the theory for now, it might need some polishing, any type of feedback is always appreciated.

29:09 Do people have an opportunity to invest in DigiDoc NFT and why would they do that?

Building DigiDoc NFT together

We see DigiDoc NFT as an integral part of everyday life in the future. We will make crypto space more accessible to everyone, as web 3.0 keeps growing.

We see the DigiDoc opportunity similar to having shares in Microsoft or Amazon in the early days.

Everyone and anyone has the opportunity to invest in DigiDoc NFT project. Follow our social media channels to and stay up to date with the investing timelines so you wouldn’t miss out.

30:29 How will DigiDoc NFT plan to go to market and reach users who do not yet know about the blockchain?

NFT’s made simple with DigiDoc NFT

Part of our plan is to provide the tools and how to’s to learn about the industry through videos and written materials.

As one of the key components of mass adaptation is understanding how it all actually works and how they can benefit from it.

There are so many channels out there with contradicting information about blockchain space, it needs to be made simple enough so a 10 year old could understand.

Like Steve Jobs said to Alina Vandenberghe — Always keep it simple!

Our vision is also to take the complex and making it simple

“Simple can be harder than complex,” Jobs told Business Week back in 1998. “You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.”

DigiDoc NFT plan is to partner with various dating sites, crypto market places, marketing agencies in web 2.0 space to get the word out to anyone wishing to participate in the Web 3.0 movement.

33:09 How to reach out to us at DigiDoc NFT?

►► ► DigiDoc NFT Socials and other useful links◄◄◄

Ⓜedium exclusive content — https://digidocnft.medium.com/

💌 🐦Follow DigiDoc NFT on Twitter: https://twitter.com/digidocnft

📷DigiDoc NFT on Instagram Here: https://www.instagram.com/digidocnft/

🔗Follow us in LinkedIn — https://www.linkedin.com/company/digidocnft/

🧨Follow Us on Facebook: https://www.facebook.com/DigiDocNFT/

🔥Join The Chat On Telegram: https://t.me/digidocNFT

🖼📃OpenSea Portfolio: https://opensea.io/DigiDocNFT

💼Business Inquiries💼 connect@digidocnft.io

34:45 Closing comments!

Retro Day — February 27

WARNING: WE WILL NEVER CONTACT YOU OR PROJECTS THROUGH, YOUTUBE, TELEGRAM OR OTHER SOCIAL MEDIA OUTLETS. CONTACT OUR EMAIL LISTED ABOVE FIRST AND THEN VERIFY OUR IDENTITY BEFORE MOVING FORWARD. THERE ARE MANY SCAMMERS IN CRYPTO. EMAIL SPOOFING IS RAMPANT, SO VERIFY OUR IDENTITY THROUGH VIDEO or OTHER MEANS! In the future also via DigiDoc NFT KYC certificate to protect yourself against scams online.

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#Altcoin #Bullish #altcoins #bitcoin #btc #crypto #cryptocurrency #ethereum #eth #defi #nfts #invest #hodl #BlocXpert #LearningCrypto #DigiDocNFT #CryptoSecurity

**Disclaimer** We wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of our media is intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be constructed to be financial, legal or tax advice.

The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. Use any & all dapps, protocols & information at your own risk. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This information is what was found publicly on the internet. This is all our own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

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