Welcome every crypto lovers again for my latest Project review in the crypto industry. If you are new to this crypto world, I like to introduce you what are the basics and a short history summary about cryptocurrency platforms. if you already know about these basic things you can skip my first paragraph.

Blockchain Introduction

Everyone knows about the most famous coin in the world. yes, you are right, that is Bitcoin. Satoshi Nakamoto is the founder of Bitcoin.

If you think this Coin is like a vehicle, it needs a road to run. so every kind of vehicle needs its own path to run. Boats need Reservoirs like sea, river. an airplane needs the sky to fly. that’s so simple to understand what is the blockchain network. there are many networks right now like roads & many coins, tokens have like vehicles. you need to select the right vehicle and road to drive it. if you choose a car you can only drive it on roads, if you put it to the water, it will be sink definitely. That’s how Blockchain networks work. there are so many popular networks working in recent. so many will come. bep20, erc20, polygon, Solana, Tron network are some of them.

Non Fungible token (NFTs) are one of the new frontiers in the cryptocurrency industry. Sport stars, Business men and women, Musicians, Artists and Game developers to mention a few all express themselves in creating unique Non Fungible tokens. This genre has created a whole new tirade of cryptocurrency enthusiast and cryptoneurs; all creating new forms of NFTs to generate an active and passive forms of income. But the NFT genre still has its own challenges, many existing NFT marketplaces charge exuberantly, they charge fees ranging from $80 to $250 to mint an NFT which could be capital intensive for many cryptoprenuers. Converting coins on a second layer Blockchain requires a lot of technicality and mental strength which can ward off a lot of average users. The presence of a second layer Blockchain also reduces to a great level the composability of a primary Blockchain which makes the chain vulnerable to cyber attacks. Liquidity is also removed in this process. HovR has noticed these issues and have stepped in to remedy the situation.

A Review of HovR

HovR is a company established by Vortx Capital Pty LTD. It is the globe’s first in-game NFT exchange developed for the exchange of cross-game items and player incentivization. HovR is a revolutionary project in the nascent NFT space that aspires to create a secondary market where Play to Earn gamers can sell off in-game items with ease. HovR also creates the enabling environment that enables the renting of digital assets to other gamers who might need the item to progress in their adventure or battle, creating a passive source of income for the digital item owner. HovR is pioneering itself to be the ultimate market place where Play to Earn gamers would be able to carry out primary and secondary transactions relating to the gaming NFT space. Putting gamers back in the driver’s seat. It is also imperative to note that HovR have launched a collection of unique NFTs consisting of the 10,000 largest cities by population on a global scale. These NFTs would serve as vital elements for a Play to Earn game for global domination. HovR allows users to build Web 3.0 domains, generate NFTs which can be utilized for in game functionalities and the metaverse which a digital universe where a wide range of assets can be used as NFTs. HovR also has a referral system which would ensure a passive source of income for diligent recruiters. HovR also has an incredibly low gas fee which would give it an edge among its competitors, making investors and crypto veterans gravitate towards the HovR ecosystem.

HovR on Qi Blockchain

The Ethereum Blockchain and the Binance Blockchain have been a force in this current dispensation. Not only are tokens and projects built on them, the Binance Blockchain in particular offers subsidies fees and a reliable network in comparison to its contemporaries. Networks such as SWIFT and Bitcoin are other networks worthy of recognition. But the Qi- Blockchain takes these advantages to a whole new level. The Qi- Blockchain handles as many as 300 times more transactions per second than Bitcoin Network and 10 times more than SWIFT network. Qi- Blockchain also employs an NFT ID system similar to a Qi- Code. It uses this technology to verify the original owner of an NFT. HovR would be leveraging on Qi- Blockchain’s versatility and modernization. HovR would rely on Qi to ascertain the original owner of an NFT and also verify the trading history of each token traded on its network. HovR’s concept would make it a free –sharing NFT marketplace integrated with a new gaming NFT collection. HovR project is also listed on Bitmart Exchange which is appauling to know.

HovR Marketplace

The marketplace would be a place where buyers and sellers call sells NFT in-game items. The core team aspires for their exchange to be the best in the world by listing some of the best NFTs crypto enthusiasts would ever come across. The marketplace was erected by the best and most talented artists which the aim of presenting the project to a vast audience with the guarantee of fetching a high price. Here artists would be inspired to give their best performance since they paid for their creativity. HovR will share up to 80% of the 2.5% transaction fees they generate from transactions on its NFT marketplace with creators and referral partners.

HovR NFT Based Games

Like earlier iterated, HovR have commenced releasing a collection of 10,000 NFTs based on the largest cities on the planet by population with the aim of allowing it to be used in Play-to –earn games to deliver excitements and financial returns. HovR has a collection called HovR Hooligans which was created distinctively by the core team. Other games the core team aims to release are Pawsome 3D Dog Racing. They are also other unique Digital ownership of man’s best friend such as a dog project the core team is working on which would be in the same class as Pawsome 3D Dog Racing.

HovR Supports the Storing of Wills

A Will is a legal document specifying the distribution of a deceased’s property after death. Infusing Blockchain into the mix would make it an interesting preposition. HovR would be the maiden platform to accept the storing of a Will on Blockchain network. In addition, the administrative team also created a PDF file type NFT which is ingenious and was a milestone that was difficult to achieve in the past. HovR core team plans to priorities the use of NFTs on health reports, tickets similar to wills letters of wishes and Decentralized Finance games.

Conclusion

The HovR core team has an amazing concept. The mere fact that they are making marketplace where NFT in-game –collectible items would be sold for is a welcome development for the entire Blockchain industry. Platforms such as Opensea have a lot of congestion atimes and exorbitant transaction fees and HovR’s platform would bring a relief to these challenges. HovR is also offering a Multi-level Marketing model which would deliver a lot of profit for diligent recruiters in a short and long term basis. The core team’s decision to use Qi- Blockchain is also a great one since the Blockchain network uses an NFT ID system similar to a Qi- Code similar to that of a Qi-Code to ascertain the original owner of an NFT. The inclusion of a storage system for documenting investor’s Wills on Blockchain is also a great one as no company has ever done this in the entire industry. I perceive HovR NFT marketplace would be a force in coming years and it the entire HovR project would leave its mark in cryptocurrency industry.

For more information, please visit:

• Twitter: https://twitter.com/HovrSite
• Facebook: https://www.facebook.com/hovr.site/
• Instagram: https://www.instagram.com/hovr.site/
• Telegram: https://t.me/HovRonQiblockchain
• Reddit: https://www.reddit.com/r/hovrNFT/
• Learn more about Hovr: https://hovr.site/

AUTHOR

AltcoinsTalks Username: shuvenker999
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