Forsage is a decentralized marketing platform that uses smart contracts on the Ethereum blockchain to operate a matrix-based peer-to-peer (P2P) donation system, where participants can earn commissions by recruiting other participants. NFTs were introduced to Forsage in 2020. This platform introduced NFTs as a new way for users to earn commissions by recruiting new members to the platform.
NFTs in Forsage represent different levels of membership in the platform, and each level corresponds to a different commission rate. These NFTs are minted on the Ethereum blockchain, and they can be bought, sold, and traded on the platform’s internal marketplaces.
It’s worth noting that Forsage is not a traditional NFT marketplace and the use of NFTs in this platform is different from the traditional use of NFTs as digital ownership or digital collectibles. Additionally, Forsage operates in a gray area of the law, and it’s important to be aware of the risks and regulations before investing in any platform like Forsage.
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