CDMX, the Leading Health NFT, Delivers Huge Profits

CMDX is a global community dedicated to generating wealth for its members by rewarding members with cryptocurrency for health and business related activities. CMDX Members can spend their rewards on CMDX Marketplace, making healthcare more affordable.

Roseau, United States - May 10, 2021 /PressCable/ —

CMDX community members can cash in on NFT royalties by packaging their health data with the smart currency organization

Roseau, Dominica (April 18, 2021)—With non-fungible tokens (NFTs) stealing much of the current spotlight in the world of blockchain, companies are working fast to figure out how their products or services can get in on the action. As new use cases continue to evolve, creators in some sectors, including music and art, have already figured out innovative ways to maximize their profits off their NFTs. This includes on the initial sale and by creating a royalty structure that would reward them in perpetuity.

NFTs are unique digital tokens that creators can trade for something different than it—namely cryptocurrency. Once purchased by a buyer, these digital tokens stay on the blockchain and cannot be copied or deleted. Buyers can then either hold onto their NFT, or sell it for more than they purchased it for if the token becomes popular.

As digital art creators and musicians increasingly begin selling their art and music on the blockchain, some have built in royalty structures that allow them to continue to make money on their creations even after the initial sale. Music, art, and collectibles are the most widely leveraged use cases for NFTs, exciting new avenues for NFTs are emerging, including health.

CMDX is a leading smart currency organization that rewards its users with CMDX crypto for their health data. This data is collected from wearable fitness tech. Once the rewards hit members’ accounts, they can spend it on CMDX’s marketplace, trade it on crypto platforms, or spend or invest it in any other way they choose.

In CMDX’s model, community members own their health data and choose to sell it to CMDX to earn royalties. The CMDX team sees the NFT space as the next logical progression for its platform, allowing members to turn their health data into an NFT.

Currently, health data occupies a grey space in terms of who owns it. Is it the person or the health organization that collected it from them? Individuals can experience challenges accessing their health data, and organizations may profit off their data in various ways. Transforming health data into an NFT removes these sticking points. This gives people ownership over their health data and arming them with the power to monetize their data by selling it to whomever they choose.

In CMDX’s model, community members can increase the amount of health data in their profiles by connecting wearable fitness tech and other devices to their accounts. As these devices collect data, it goes into a secure storehouse giving the member access to it and complete control over it. As more data is collected, the more valuable that data becomes on the marketplace. By transforming that data into an NFT, CMDX gives users more power to monetize their data by allowing them to create a volume of health data. CMDX then sets up a royalty structure for future sales of their health information similar to the model artists and musicians are using.

“By leveraging health data in a NFT model, CMDX is giving its community members exciting new ways to own and secure their data and sell it for profit.” said Tom McMurrain, CEO and founder of CMDX. “In the traditional healthcare model, patients have to fight to get access to their data, and organizations are notorious for selling their data for profit. In the health-as-NFT model CMDX employs, all health data is controlled by the user, and the user can secure that data and decide who they want to sell it to, giving them a way to make a profit off their data and not some large corporation.”

To learn more about CMDX, visit https://cmdx.io.

About CMDX

CMDX is a global community dedicated to generating wealth for its users by rewarding healthy living. By rewarding users for healthy lifestyles with cryptocurrency and creating a global network of healthcare providers accepting its smart currency, CMDX is changing the face of healthcare to make it affordable for every man, woman, and child and creating a better quality of life across the globe. To learn more, visit https://cmdx.io.

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Contact Info:
Name: Tom McMurrain
Email: Send Email
Organization: CMDX, Inc.
Address: Ma Veron Complex Cnr. of Hillsborough & Old Streets, Roseau, DM 0000000, United States
Phone: +1-561-571-2646
Website: https://www.cmdx.io

Source: PressCable

Release ID: 89006826