Development Platform – A Unique Platform To Tokenize Your Collectibles
Non-fungible tokens are the digital contract made over your tangible and intangible unique assets. This Non-Fungible token marketplace has enormous potential to improve the creator’s signature products. Art and games are the two major categories that Non-Fungible token development finds an excellent niche to support and grow together. Fantasy lovers and indies find it attractive to invest in such an extravaganza. The collection of unique assets in a virtual world may set them in ecstasy digitally.
The First Non-Fungible Token was introduced in 2012 and revolutionized the gaming and collectible space gains popularity. The unique nature of NFTs and demand attract gamers, collectors, and investors that earned $174 million in late November of 2017. NFTs were built using one of two Ethereum token standards (ERC-721 and ERC-1155).
Ethereum offers blueprints for software developers to deploy NFTs including exchanges and wallet services. NFT’s are widely recognized for the ability to provide ownership and authenticity to original artworks and in-game tokens. They also represent real-world assets such as shares and real estate in the market.
ERC721 was the first standard for representing non-fungible digital assets and is an inheritable solidity smart contract standard. ERC721 provides a mapping of unique identifier addresses, which represent the owner of that identifier. ERC721 also provides a permissioned way to transfer these assets.
ERC1155, pioneered by the Enjin team, brings the idea of semi-fungibility to the NFT world.
With ERC1155, IDs represent not single assets but classes of assets. The key factor of ERC 1155 is its transferable nature such as the flexibility of not having to select the token address for each purchase of multiple assets of the same type. An example would be a virtual asset in games. Instead of the user entering the quantity of the asset with the representation of the Id, the ERC1155 reduces multiple smart contracts and transaction time.
Also the ERC1155 provides a superset of ERC721 functionality, an asset that could be built using ERC1155.
These advantages lead to the adoption of ERC1155 tokens.
ERC-1450 is one of the first token standards for securities on Ethereum: a standard for creating digital stock certificates.
As per the announcement, any ERC-1450 token will require a registered transfer agent to create and process the tokenized securities. Transfers of ownership can be done directly from buyer to seller or through an SEC-registered broker-dealer. Of course, all tokenized securities under ERC-1450 will have the added benefit of being completely transparent, all easily trackable on Ethereum’s blockchain. That’s what makes the ERC-1450, and all tokenized securities, a significant game-changer for the fintech world.
StartEngine will be using the ERC-1450 standard to list tokenized stocks and equity on their crowdfunding platform. The platform will be using the standard to issue tens of thousands of tokenized securities. Currently, ERC-1450 tokens have been issued to all 3,500 StartEngine shareholders and the 165 eligible companies that use StartEngine Secure will expectedly be listed using the ERC-1450 standard.
The concept of NFT favours artists and creators who tokenize their signature products in the market. Unique products like art, music, videos are able to tokenize digital assets that generate huge traffic in the market. Art and games are the popular categories in NFT for their unique product features and audience.
Game assets are the main feature of NFTs. The collectibles offered in games feature special characters and spectacular features that enable an exclusive gaming experience. These functionalities of NFT act as a profitable platform for the future of Art and game developers.
Digitalizing arts is one of the most demanding tokens in the NFT marketplace for its unique creation and the magic of digitalization.
Enabling the features of arts in the form of augmented reality and virtual reality gives unique characteristics for NFTs.
The large proportion of NFT resides on crypto-collectibles such as Axies and sport trading cards.
Exclusive contents like music and videos can be tokenized with NFT. The NBA video clips and players' tokens gain popularity in the circulation of NFTs.
NFT is being used as blockchain domains that represent particular crypto domains.
Landowners can build and monetize their plots by leasing them out, similar to real estate but in the virtual world.
Virtual assets like game collectibles play a vital role in NFT tokenization while special characters and their features provide a better gaming experience. Games like crypto kitties and Decetraland are also new features in gaming that work under NFT.
Santo Blockchain Labs market leaders follow their marketing strategy to pitch your business revenue. Our leaders also offer suggestions to develop products that set the market trends to lead your business journey.
As a basis, we will ensure that you have an interesting idea and the implementation. We advertise your product for mass attention in all parameters, including technical implementation, good documentation and presentation, website, and other necessary documents, depending on the project.
NFT is not only for the crypto experts , but also for the general audience. It is necessary for a product to educate the general audience so that people understand why they have to pay something for some digital image/piece.
For most crypto projects, the community is a vital thing and NFT is no exception. Your primary community is the people who will support you, spread the word about you, invest in you, and buy your NFTs.
We offer a robust tokenization development platform that enables high traffic and without catastrophic failures.
Santo Blockchain Labs offers military-grade security for your development platform.
Our development service offers 24/7 security support to allow for uninterrupted services.
We offer a customization service that can be tailored for the users’ requirements.
Our development team offers API and external wallet integration facilities to provide the best user experience for customers.
We effectively launch your platform on time without any complexities or delays.
As blockchain technology is named for its transparency, we inherit the same features in our ecosystem. Each process in the development lifecycle will be clear and transparent.
Our team is proficient in analysing your requirements and designing an interactive UI for a better user experience. The project will be planned by our team as per your required specifications.
Non- Fungible token works as a digital representation of unique collectibles that can be traded for cryptocurrency or fiat currencies
Non-fungible tokens are valuable digital assets that gain huge attraction from investors. This facilitates digital asset management in the crypto world also these NFTs can be accepted as collateral in exchange platform
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