OpenLive NFT is a new pioneer platform in the non-fungible token market, aiming to develop an exchange for tokens including Rarable, Opensea, Foundation, and others. This new platform is the only verifiable method to create scarcity on the blockchain with an open and transparent system of token transfers. OpenLive achieves this by creating certificates or licenses using mathematical proofs that are verified by individuals.
The non-fungible token (NFT) had its major breakthrough into both popular culture and the art world establishment in 2021. In March, Christie’s made headlines with a sale of the NFT “Everydays: The price paid for “The First 5000 Days” by Beeple, a digital artist, was $69 million (€608 million). The NFT had a starting bid of just $100 (€88) but quickly shot up to become the most expensive artwork ever sold online.
NFTs are digital assets or objects created on a Blockchain network that have proper ownership of the same. To put it in layman’s terms, NFTs are unique objects which can be traded within an ecosystem using cryptography and software protocols. In 2021, the NFT marketcap increased by 1785%, resulting in billions of dollars of liquidity in the virtual asset market.
Enabling easy transfers during NFTs exchange
Currently, owning an NFT is a tedious process that requires constant upkeep and verification of ownership. Blockchain networks are still in their infancy stage and users are forced to rely on centralized solutions for services such as exchange, management, etc., leading to an ease of exit for these enterprises. The lack of proper exchanges for NFTs has made it difficult for owners to interact with other virtual assets and exchange real-world value, which is the requirement for most interactions in a decentralized market.
OpenLive NFT is a new platform that aims to overcome these restrictions and enable users to perform genuine ownership transfers of tokens. To carry out this objective, OpenLive NFT will generate…
