An Avatr is a digital representation of someone's workplace performance measured in real time. It is comprised of 1000 shares, or fractionalized NFT's (non-fungible tokens) that provides a way for the community to invest in workplace talent.
The Marketplace is the platform where all Avatrs are listed for trading by the community. They can showcase their talent, potential, and achievements and you now have the ability to back the talent of your choice. Just imagine buying a share of the next Elon Musk or Steve Jobs!
Just like investing in a company, you will be able to look at an Avatr's credentials, performance, and recent history to identify who represents a great opportunity. Market demand for certain skill sets can also help shape your decisions.
An NFT is a non-fungible token which means that it is truly unique and has its own identity that uses blockchain technology to verify ownership and authenticity.
A fractionalized NFT is a non-fungible token (NFT) that has been divided into smaller, individual pieces or shares. This allows multiple people to own a partial stake in the original digital asset. This enables expensive NFTs more affordable and accessible to the community, similar to buying shares in company; in this case, buying shares in an Avatr.
A primary sale is the first purchase of a share of fractionalized NFT, showing that you are the very first person to have digital ownership of that particular asset.
A secondary sale occurs every time a "pre-owned" share or fractionalized NFT is sold by the current holder to a new owner. For instance, you may have enjoyed some up-side to holding a particular Avatr's NFTs, then want to sell them to buy some newly identified talent. This is an example of how NFTs will continually circulate in the marketplace.
APC is a measure of an Avatr's work performance. System metrics that are immutable and verifiable on the blockchain are used to track performance and assign a score to an Avatr relative to their peers - the higher the score out of 100 the better the performance. This will help drive NFT prices.
The Blockchain is a secure, tamper proof, decentralized digital ledger that records transactions in blocks, which are linked together chronologically to form a chain. This technology allows for transparent data sharing without a central authority that is impervious to human bias and promotes truth over trust.
Web3 is the future of the internet, which is decentralized, user-centric, and built on technologies like blockchain and cryptocurrency. It empowers the individual by shifting control away from large corporations back to users. It is a foundational step in allowing the individual to own their data and digital assets.
