Monday, July 19, 2021

Volt NFT is a digital marketplace for crypto collectibles and Non-Fungible tokens (NFT)


INTRODUCTION

Over the years, we have seen a lot of of concerns as well as uproar as regards the promised real life use cases for steering the adoption of blockchain. Well, it wouldn’t be out of place to say that this year (2021) has ushered in a new phase in blockchain technology adoption and applications especially with the rise in fame and popularity of Non-Fungible Tokens (NFTs). The recent sale of an NFT art work by Beeple (a digital artist) for a whooping sum of $69 million has laid a new record and foundation for NFTs. This feat which is the first of its kind has increased the level of attraction towards NFTs.
As a result of this development, we’ve seen a lot of artists, creators and other crypto enthusiasts dived into the NFT ecosystem. Moreso, a marketplace for NFTs is is also quite significant towards listing your NFTs because it makes them have easy accessibility for trading. This brings into focus the importance of NFT marketplace within the domain of NFTs. This article will aim to discuss the concept of NFTs and how VOLT NFT is seeking to refine the ecosystem of NFT and NFT marketplace.


WHAT ARE NON-FUNGIBLE TOKENS?

Firstly, it is important to understand the basic explanation of what NFTs are before giving a reflection of NFT marketplace which this article seeks to explain. Non-Fungible Token commonly known with the acronym NFTs, is a collection of digital assets. They are representation of artworks in a digital form. The value of NFTs is inherent in cryptocurrency and it takes the form of art representation. Just like arts, NFTs also has its own value. NFTs are digital Tokens and can also be seen as a form of cryptocurrency. The unique aspect of NFTs is that it doesn’t permit like for like exchange or transaction. In otherwords, if you transact your NFT for another NFT, what you will have will be completely different from what you transacted. Also, NFTs can only have one owner at a time; that is, the owner has exclusive ownership rights of any form of NFTs.

In addition, the uniqueness of NFTs data makes it much easier to verify ownership and also in transferring tokens among owners. There is a high level of integrity in ownership data. The owner or creator of an NFT assets can save some specific information or details on it.


NFT MARKETPLACE

NFT marketplace plays a huge role in trying to bring both the buyer and seller together. Also, there are some instances where they provide extra tools for NFTs creation. The marketplace enables artists to place their artwork up for sale and also makes it much easier for buyers to check and buy artworks of their choice. NFT marketplaces are a crucial aspect of the current buzz and trend of NFTs as they ensure a more easier access to NFTs. We’ve seen a proliferation of a whole lot of marketplace for NFTs and this creates a lot of hard time in making decisions as to the best marketplace for creators and artists. VOLT NFT is no doubt a top emerging marketplace for NFTs within the NFT ecosystem. The aim of the team is to create an NFT marketplace that will assure of maximum value and benefit.


VOLT NFT

VOLT NFT is a platform where users can purchase, sell and also discover exclusive digital assets. Most of the NFT marketplaces we have today are just a platform of transacting NFTs alone with no other initiatives or features. But with VOLT NFT, the goal is to make such experience much more exciting and seamless as well as bridging the gap between creators and consumers while giving the best experience. VOLT NFT isn’t just a marketplace for NFTs but a digital marketplace for NFTs and other crypto collectibles. The aim is to create not only the best but also the largest NFT marketplace which provides several NFTs varieties such as trading cards, artworks, crypto collectibles, sports among others.


One of the top highlights of VOLT NFT is its multi chain support. The objective of this feature is to develop a chain that goes beyond the ethereum blockchain network; to create a multichain NFT platform that User’s can easily store and trade their NFTs on multichains without any form barrier. Although, at the initial stage of launch, the VOLT NFT will be launched on the ethereum blockchain network but will spread to other blockchains as they develop. This will definitely make it one of the most trusted high end marketplace for trading NFTs.

Furthermore, the VOLT NFT digital marketplace can also be likened to an amazon on the blockchain. Several items including collectibles, artworks, etc are secured by a blockchain technology. VOLT NFT platform is such that you can buy, sell and transact your NFTs with anyone across the world. VOLT NFT is currently one of the fastest growing NFT marketplace for digital assets. The cross chain capacity of VOLT NFT platform will allow users to discover, buy and sell their NFTs across several blockchains.

VOLT NFT LAUNCHPAD

The NFT launchpad on VOLT NFT platform is an avenue that allows the community and followers to support and also fund upcoming projects or artists. This is an initiative meant to create an enabling environment for new projects or NFT artist who may not have the required resources to launch their works. The native token of VOLT NFT-$VOLTY will be used in raising funds.

VOLT NFT TOKEN

VOLTY is the native token of the VOLT NFT platform and it is also the governance token. Creators, traders and also the fundraising project will be funded and rewarded with VOLTY token.

Details:
  • Token Name: VOLTNFT
  • Network : Ethereum
  • Address : 0xF81a676e51f1Cd18d78abdb7bf3467CA2bF97F7d
  • Symbol : Volty
  • Decimal : 18
  • Total Supply: 20,000,000 VOLTY

Token Allocation:
  • VOLT IDO: 10%
  • VOLT DAO: 35%
  • REWARDS: 20%
  • STAKING: 10%
  • DEVELOPMENT: 10%
  • TEAM: 15% which will be locked up for 2 years (24 months)
CONCLUSION

It will not be out of place to say that the future of digital collectibles lies in Non-Fungible Tokens (NFTs). They are gaining a whole lot of attention and the ecosystem is developing at a fast rate. An NFT marketplace is equally an integral part of this growth as it is the medium of exchange of NFTs. Owing to this, there has been an increase in the number of NFT marketplace within the NFT ecosystem but each has its own lapses. It is these lapses that VOLT NFT is seeking to ameliorate as well as combat by creating a digital NFT marketplace where people can buy, sell and at the same time explore other digital artworks. Also, it will have a multichain feature to support cross chain interaction. This is among the first of its kind within the NFT domain.
ETH : 0xE42555f44ff0d1f38C56540b3FFA4428734dD775

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