The development of the blockchain ecosystem finds new applications with NFT ( Non-Fungible Tokens) whose market is booming. The blockchain real-time bidding solution positions Auctionity as one of the future strategic players in this new market.
The promising market for ERC721 / NFT
The world is about to experience a new economic boom in digital assets referred to by Non-Fungible Tokens (NFTs).
NFTs are unique and unique tokens, which are mainly found on Etchereum blockchain in the form of ERC-721 tokensgiving them individual properties and identities. At the end of 2017, the NFT made a sensational debut in the world of blockchain, with the success of cryptokitties (NFT ERC-721) that triggered an unprecedented craze for NFTs, even going as far as congesting the Ethereum network . As proof, the cryptokitties market alone generated $ 12 million in the first two weeks and $ 25 million in total. Some cryptokitties with rare characteristics even sold for 250 ETH.
The interest of NFT lies in the fact that each token is completely unique and can not be confused with anotherunlike a bitcoin, for example, which is interchangeable with another bitcoin. The NFT market is not limited only to crypto-collectibles: the characteristics of these tokens allow applications in the field of games, digital art, title deeds, software licenses, advertising, betting, tickets for events or even hotel rooms to name just a few .
Auctionity: the blockchain auction platform for NFTs
This boiling market opens the door to new opportunities and the emergence of a new sector. That's why Auctionity, with its dedicated auction ecosystem, wants to position itself as a pioneer in the NFT universe.
As a reminder, Auctionity aims to revolutionize the auction world with its unique application of blockchain technology. The Auctionity blockchain provides a secure and fast platform where all auction-related transactions are registered in a dedicated blockchain . This innovative project was born thanks to the success of ICO DomRaider, startup French Tech. Today, the DomRaider team refines Auctionity's strategy by positioning the platform as the first 100% blockchain application to auction Non-Fungible Tokens (NFTs).
Currently in the development phase, the Auctionity project has just reached a milestone with the addition of the guarantee of payment which is a guarantee of trust for the seller. The latter ensures the seller to receive money related to the sale of his object at auction .
The next step in the Auctionity roadmap is to ensure the delivery guarantee for the buyer, who will then be certain to receive the item he has bid on. The Auctionity app can be used by anyone who wants it, whether it's selling a NFT at auction, participating in a bid auction, or promoting its own auction.
Starting in September, it will be possible to buy and sell NFT auctions on Auctionity's Saleroom . You can now register at the Auctionity Club to be informed in advance of the progress of the project.