Lox Network is the world's first blockchain portable security organization and brings a progressive confirmation of-possession use case to NFTs. The organization, fueled by the decentralized XRP Ledger for its speed, dependability, and cost-adequacy.
The Lox Network ecosystem consists of three tokens: LOX, SmartLOX, and SmartNFT, which all rely on one another to confirm you possess a certain mobile phone in the event it is lost, stolen, or you need to show a buyer evidence of ownership before selling it. SmartNFT is an NFT representation of the user that records data on the XRP blockchain. SmartLOX is an NFT representation of a mobile device that includes the manufacturer, model, and IMEI, as well as the ability to record this information on the XRP ledger.
LOX is the front-end framework fueling the Lox Network portable application. Lox Network spans these two exceptional NFTs by matching them together to exhibit the proprietor of the two special NFTs actually owns the gadget utilizing obvious, freely confirmed proof pulled from the decentralized XRP record.