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Silverdale, Washington, May 30, 2021 (Global News Service)-Recently, NFTO announced a major breakthrough in promoting the NFTization and blockchainization of the world’s top artworks. NFTO Coin NFTO One is supported by the world-renowned public chain Ethereum underlying technology, combined with the world’s largest distributed data storage system BitTorrent, to develop a NFT and blockchain-based blockchain project dedicated to the world’s top artworks. NFTO’s business includes sponsoring art museums, organizing art exhibitions or publications, setting up awards, supporting art creation and art criticism, and establishing related art collections. NFTO allows small businesses to create their own NFT mall without coding, helping NFT authors easily issue NFTs and detect counterfeit/similar content to protect copyright; it provides a platform for NFT collectors to conduct transactions at a lower cost. To NFTO’s vision is to become the ARK Ark star project in the NFT field, to become a bridge between the world’s top artists and the blockchain, and to support the growth of local NFT artists in the crypto world. To NFTO values, let art return to the public.
The establishment of NFTO is under the background that NFT has become an upsurge in the industry, blockchain technology continues to develop, integrate into the real world, and establish deeper and deeper connections. There are currently three application scenarios in the blockchain industry: one is value transfer scenario; the other is collaboration scenario; and the third is evidence storage scenario. NFT combines these three scenarios and their particularities. NFT is not only a new upsurge of blockchain, it is also very likely to become a breakthrough for the industry to break through the bottleneck and achieve success. To NFTO will explore and promote the actual implementation of blockchain in different application scenarios through the practice of blockchain technology in the NFT field, and use traditional well-known artworks and well-known NFT artworks as the underlying assets to improve NFT industry standards and government departments , Universities, lawyers, and industry elites to support the introduction of relevant industry governance policies and promote the sound development of the industry. In addition, the project will further improve its own construction, release the project progress monthly, and release the audit report annually. Industry professionals are welcome to supervise.
Project Pass Introduction
NFTO token name: NFTO
Basic chain: ETH
Protocol standard: ERC20
Release date: 2021-05-25?
Targeted issuance platform: Huobi and other mainstream digital currency exchanges
Planned issuance: 10,000,000,000 NFTO Issuance mechanism: artist cooperation, 30%, 3,000,000,000; Defi airdrop and mining, 19%, 1,900,000,000; Team holding, 19%, 1,900,000,000; Initial listing, 2%, 2,000,000, 000, 000 pieces; purchase of NFT works, 20%, 2,000,000,000 pieces; partners, 10%, 1,000,000,000 pieces.
team introduction
The NFTO project team is composed of practitioners with deep experience in blockchain, finance, art and other fields and senior overseas financial management backgrounds. They work in top investment banks and investment institutions such as Fidelity and Nomura. The members are mostly traditional artists such as Christie’s and Sotheby’s. Industry practitioners.
Core technologies
NFTO is supported by the world-renowned Ethereum public chain underlying technology, combined with the world’s largest distributed data storage system BitTorrent, plus the ERC-721/TRC-721 protocol, which not only maximizes security, but also on a global scale Rapidly improve the market efficiency of art products.
The technical logic to realize the NFTization of artworks is: After digitizing the directly generated digital works and traditional artworks, the relevant information such as the author, creation time, and the work itself are packaged and written into the decentralized BTFS storage system. Then write the stored address into the smart contract in the ERC721/TRC721 standard on the blockchain to generate a unique token. Because the creator and the digital file are permanently linked together, the uniqueness and authenticity are guaranteed.
NFTO is a project dedicated to linking blockchain technology with artworks to realize the popularization of art. The traditional art market has great value. With the blessing of blockchain technology, art and art can be NFTized. Assets increased substantially. The project is backed by world-renowned artworks such as Picasso and Andy Warhol as assets, and is empowered by Ethereum technology. It is a living example of realizing blockchain technology to empower the real economy. As the NFT of NFTO, it has the connotation of natural growth value. As the value of artwork has risen, its value has continued to rise. It is the most worthy investment project in the field of digital currency. The market prospects are very good. It can not only achieve value preservation in the short term. In the long run, the added value has the potential for substantial growth.
Media contact
Company: NFTO Co., Ltd.
Contact: Yan Sendun
Phone: +1 24 020 200
e-mail: admin@nfto.one
website: https://www.nfto.one/
Address: 3901 Mutton Town Road, Silverdale, Washington
source: NFTO Co., Ltd.
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