HUP.LIFE: The next-level NFTs Market place

In year 2020, Decentralized Finance (DeFi) swept across crypto world, spreading like wild fire. It has become a force to be reckoned with in the World financial system.

Some people see it as a bubble that will soon burst, others view it as a long standing concept. Anyways, one fact that can never be erased is 'nothing lasts forever'. DeFi will not continue to be the hottest, some other concepts will also take the fore front.

It only takes people with foresight to see a concept that will hold sway, long before it becomes popular and become part of it; this is what gives people hedge over others.

Non-Fungible tokens (NFTs) is the next concept that is already taking over in the crypto space. For anyone who will join the train now, the journey is just beginning.

Non Fungible Tokens (NFTs) are unique string of letters and numbers which represent assets that are transferable from one blockchain wallet to another.

Many people take interest in collection of art works and other collectibles. It is the practice of some people to hold these precious materials for ornamental purpose and other for investment reasons.

Over the years, there are many limitations associated with collection of physical art works and other collectibles such as time and space limitations.

There are lot of artists with wonderful works at different corners of the world but they are not been discovered. Even though their works are of great value and there are buyers willing to collect them but due to geographic locational distance, they are not getting the desired renumerations for their creativity.

At the same time, some people are Willing to collect wonderful pieces of arts but can't just find what they are looking for, this could be frustrating.

The introduction of NFTs through the blockchain makes it possible for people to be able to collect their desired art works and other collectibles without any barrier of time, space and geographic location. Artists and others are able to sell their works through Decentralized digital means.

The nature of NFTs is traceable and the immutability of the blockchain technology has made it the best choice for digital artists who are willing to publish their handi-works online and monetize them in a very easy way.

What is obtainable currently is that artists upload their works through centralized platforms that help them to mints the art works to the blockchain, which enables the artist to monetize their works as Non-Fungible tokens

Nevertheless, there are problems associated with the current ways of buying and selling of the Non Fungible Tokens (NFTs) which has hindered the ability of both artists and collectors to enjoy the full benefits of Non-Fungible tokens

Examples of such problems includes the fact that Non Fungible Tokens don't transfer the copyright of the work to the collectors. That is, when a person purchases a particular digital art work, he/she doesn't have the copyright of the purchased work.

Moreover, artists don't usually get Royalty renumeration for the third party sales of their brain child (NFT).

Moreso, there is no way Collectors can tell if the item bought is overvalued or undervalued.

The chief of it is the issue of centrally hosted servers on which the NFTs are stored which is vulnerable to attacks and could bring about loss.

The solution to the afore-mentioned problems as not far fetched; HUP.LIFE is the answer:

HUP.LIFE is the world's first platform that enables artists to sell Copyright-enabled Non Fungible Tokens (ceNFTs) by complying with international copyright and securities law.

The achievement of Copyright-enabled NFTs is a giant stride taken by HUP.LIFE to take the buying and selling of NFTs to the next level and making NFTs deals on the blockchain legal and law abiding.

ceNFTs are the next-level NFTs which I am convinced that artists and collectors will like to give it consideration above the usual NFTs by the virtue of the numerous advantages it presents both to artists and the collectors.

With copyright-enabled NFTs, artists will be able to receive royalty/commission from the future re-sales of their NFTs by subsequent buyers and at the same time, collectors will be rest assured of getting fair and licensed deal.

Authenticity and originality of art works minted as ceNFTs are determined through double layers of validation which uses image recognition engine and a consensus mechanism and algorithm that provide evidence of right infringement. This makes ceNFTs reliable source of original art works and not just plagiarized and copied contents sold to unsuspecting buyers.

Buyers have full bundle of copyright transfer when purchasing ceNFTs which are traceable through what is called 'Ghost NFT'

Decentralized cloud that is made available by the blockchain technology is used to store the metadata file which makes its hosting immutable with tens of nodes running to ensure permanence of NFTs and promoting redundancy.

Moreover, the hyperlink contained in a copyright-enabled NFT is accessible on the world-wide-web through the global TLD system on a decentralized blockchain based Domain Name System (DNS).

Without an iota of doubt, I believe HUP.LIFE has brought a good news to artists all around the globe and also art work collectors. The unique solution it proffers for the problem facing NFT market is lasting and outstanding. Therefore, it is my pleasure to introduce you to the next-level NFT market place; HUP.LIFE.

For more information, visit HUP.LIFE
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