Investing in NFT Tech
It has been a while since NFT Projects are gaining attention in the crypto market. Sky Ventures, after extensive research, had invested in NFT Tech.
Rise Of NON FUNGIBLE TOKENS :
NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, video, and other creative work forms. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership. Blockchains such as Ethereum and Flow each have their own token standards to define their use of NFTs.
Twitter CEO Jack Dorsey auctioned off a blockchain receipt, called non-fungible token (NFT), for a screenshot of his first tweet in 2006, and bids for it promptly exceeded 2.5 million dollars. Since 2018, people have spent roughly 237 million dollars on NFTs, with most of those funds spent since the trend exploded in January 2021.
Bryana Kortendick, VP of operations and communications at the NFT startup Enjin, said the platform is now tallying more than 47 thousand registered users. The corresponding NFT wallet’s growth is up 100% since December 2020.
NFT Market is expected to hit 1 billion dollar capitalization in 2021.
NFT TECH :
NFT Tech is the first NFT Creation and trading infrastructure with a liquid matching engine
NFT Tech enables one-click NFT creation, with no coding required. It provides a market for individual creations, and artists can issue authenticated single edition digital artworks.
NFT Lending :
Anyone can borrow funds providing NFTs as collateral via NFT Tech. NFT Tech is the first platform to provide lending options for NFTs.
NFT Matching Engine
NFT Market Place has its own challenges, i.e., lack of liquidity is the primary concern for NFT holders. NFT holders experience significant devaluation of their holdings due to a fragmented marketplace. NFT Tech is aimed to solve the liquidity issue by designing NFT Tech Liquidity Engine. It allows a bid order book and incentivizes market makers to allocate liquidity.
NFT Valuation Calculator
NFT Tech will also provide an NFT Valuation Calculator for those interested in getting a market-based valuation of NFT assets. The NFT Valuation Calculator will be handy for NFT buyers who wish to receive a data-based valuation before committing to a purchase. The NFT Valuation Calculator derives from historical sales and the current market dynamics among the most well-known NFT marketplaces.
NFT Tech Backers:
NFT Tech is backed by leading Venture Capitalists such as Nabais Capital, Duck Dao, VVSYN Ventures, SKY Ventures, Insignius Capital, Vendetta Capital, BMW Capital, Megala, and China Polka.
Social Media Channels:
Sky Ventures Website:https://skyventuresvc.com/