The growth in Non-Fungible Tokens (NFTs) is advancing sooner than ever, reaching new value and quantity information in 2021:
- Digital paintings “On a regular basis — The First 5000 Days,” offered for $69 million at a Christie’s public sale in March.
- Gross sales of NFTs surged 700%+ to $10.7 billion in Q3 2021 over Q2 2021.
- The general worth of NFTs globally has surpassed $43 billion.
The proliferation of NFT gaming is including extra gasoline to the hearth – Axie Infinity, one of the in style NFT metaverses, is on monitor to generate $2.7 billion in 2021, nearly solely from gross sales of character and in-game NFTs.
In such an unprecedented and dynamic market, NFT consumers and collectors usually face a set of challenges:
Hidden Charges – Most of as we speak’s NFTs are based mostly on Ethereum-standard Blockchain tokens (ERC-20, ERC-721 or ERC-1155). Since every token wants a specific amount of energy to be generated, every NFT transaction comes with a so-called “gasoline payment”. The payment is at the moment about 5.23% of the common NFT value – a big price for each consumers and sellers.
A Fragmented Market – Though plenty of NFT buying and selling platforms are working (Opensea, Rarible), they don’t assist NFT consumers or sellers find potential NFT property or collections of curiosity to them. Liquidity is due to this fact fragmented, as consumers and sellers usually can’t find one another with ease, lowering the potential to maximise gross sales costs.
Safety Points – Crypto pockets assaults, hacks, and knowledge breaches have gotten an increasing number of frequent. A complete of 27 large-scale crypto pockets assaults occurred in 2020, with house owners being robbed of over $3 billion. With the worldwide worth of NFTs quickly reaching $50 billion, collectors want an answer that ensures their useful digital property are secure when saved and when traded.
An bold crew of builders has created a novel, state-of-the-art, and extremely dependable Blockchain-based platform that permits NFTs to be saved and traded safely, rapidly, and at a minimal price.
The title of this resolution is Secretum.
Secretum – The Final Platform For Protected, On the spot, and Low-Price NFT Buying and selling
Secretum is the world’s first and solely decentralized, encrypted messaging and OTC buying and selling app, constructed on the modern Solana Blockchain. It gives customers a set of distinctive options:
- Direct NFT and crypto token buying and selling between customers, by way of an built-in escrow sensible contract performance, permitting customers to seek out NFT property owned by different wallets. This opens up infinite alternatives for buying and selling NFTs with out the necessity for exchanges, boosting the liquidity of the NFT market.
- Direct and nameless registration and messaging/telephone communications with some other pockets proprietor on the earth, based mostly solely on pockets handle. Secretum permits crypto house owners to do one thing unprecedented, specifically talk and commerce with one another with out having to know one another or have one another on a contact listing.
- Excessive-security NFT and file storage on a distributed node community, eliminating the danger of hacking, knowledge leaks, or some other exterior interference that usually impacts cloud-based messaging/storage options.
Secretum’s use of the Solana Blockchain is a game-changer for the NFT market, due to its superior traits:
Low Price – Solana’s transaction prices common solely $0.00025, a saving of over 99% from common Ethereum gasoline charges. This implies NFT collectors and merchants save extra money and may increment their buying and selling exercise considerably, at nearly no further price.
Excessive Transaction Pace – Solana is able to processing 65,000 transactions per second, 4,000x greater than Ethereum. This implies Secretum can accommodate an infinite quantity of NFT buying and selling exercise between its customers, with none execution delays.
A Booming Ecosystem – In July 2021 Neon Labs introduced the deployment of a cross-chain Ethereum Digital Machine on the Solana testnet. Secretum will due to this fact have the ability to leverage the pace of price benefits of Solana with the ubiquity of Ethereum-based functions and NFTs (90% of the full), accelerating the expansion of Secretum’s consumer base and market presence within the NFT market.
Secretum’s distinctive capabilities and know-how are a quantum leap ahead each for safe messaging and for the NFT market. By positioning itself to change into the go-to resolution for each of those two huge markets, Secretum goals to take full benefit of its future progress.
Disclaimer: It is a paid submit and shouldn’t be handled as information/recommendation.