Fungible tokens have been in the rinse and the recent type of fungible tokens have been cryptokitties and decentraland which are unique in type and can be easily interchanged with other fungible tokens. Most tokens can be said to be fungible because they can be chnaged for other types of tokens, are a store of value and are a measure of a unit of ownership. Fungibility exists in cryptocurrencies such as Ethereum and Ripple – unless a cryptocurrency is marked as illicit the cryptocurrencies can be said to be fungible. Non-Fungible tokens exists and this are limited editions cryptocurrencies and different from other types of tokens.
The need of a proving asset ownership in the cryptocurrencies is very high and demand for tools that can be used as solution to proove the uniquness and the existence of a fungible token is needed, this is where 0xcert comes in, 0xcert is a blockchain project that gives a comprehensive solution to fungible assets in the blockchain verification. In the video below you will get an overview of 0Xcert.
After my introduction and the video introduction of 0xcert you will get the ideo of the project, 0xcert is a community controlled and managed ecosystem where unique digital or tangible assets are translated into-non fungble assets (NFTs) and shows the ownersip details available on the blockchain, the open source platform will allow developers build on top of its blockchain, creating decentralized applications that will be easy to validate – this assets include digital collectibles, Identity/KYC among others.
In the video above shows the applicability and usefulness of 0xcert in real world where authenticity of assets is validated and how the solution can save millions of dollars being lost in the forgery market.
The rise of Digital Collectibles.
Blockchain technology has brought about the ability to own digital collectibles, with the rise of VR experiences where users can create unique digital assets and be able to sell them on the market. The recent examples of popular digital collectibles include cryptokitties and decentraland where we have seen millions being spent on digital collectibles. Currently a lot has been happening and the ability to translate physical assets into digital collectibles is only a whisk away. 0xcert is a start-up ahead of the game and users will find the ecosystem very useful to validate the digital collectibles such as this.
This is a rising popularity of digital collectibles is an interesting place to watch and the space is still being worked on and the applicability of this ecosystem is creating unique experiences in various industries such as the gaming industry.
What are the Features of the 0xcert?
Almost more than half of cryptocurrencies are generated on the etheum platform, thismeans that most of their tokens are erc20 tokens and are used as utility and secruity tokens. The 0xcert ecosystem will allow users certify ownership of this assets and validate the authenticity of the tokens. The platform is fueled with its own non-fungible tokens (NFT) The tokes themselves are very unique and cannot be compared with erc20 tokens. Most people have not heard about this kind of tokens and owning them will be a unique experience and you can use them in the platform for various purposes mentioned in this article. The tokens will be used for various purposes such as reduction of the development process of products in the blockchain, the project will also foster the compatibility of NFT with services across the blockchain industry and in the ecosystem.
How Does the 0xcert works?
0xcert is a unique project that solves problems existing in the current digital world, where everything is being tokenized. Oxcert will be used to implement NTF into other projects and applications being build ofn the platform ecosystem. The platform uses smart contract to create a single unit of identification of each token which will be normally based on the following characteristics; whether the assets exists, the uniqueness of the assets, the ownership of the assets. With this information 0xcert will be able to create a database of assets tie to their uniqueness and originality. These assets will be in form of digital collectibles/assets among others.
The 0xcert Platform and Token
You can join the revolution here -> https://0xcert.org/
The 0scert currently runs on the Ethereum blockchain but the team is working on implementing the compatibility of the platform with other blockchains. The tokens are minted on the Ethereum blockchain and I have checked the code itself and its certified, the tokens will be used to fuel the ecosystem by processing transactions and governing the platform management.
Conclusions
Exciting times lay ahead of the 0xcert platform and you can be among the first users to experience the advantages brought about by 0xcert, Developers will be able to build amazing dapps on top of 0xcert blockchain where they will be able to utilize unique tokens such as NFTs that will be used in sectors that requires uniqueness such as security verifications, certification and licensing. This is a new platform solving real world problems and I will encourage you to educate yourself by checking the platform website and whitepaper on the links below, social links also included.
Thus, with the coming of the 0xcert platform, this will create a new arena for developers to utilize the new irreplaceable tokens the NFT, and it will greatly increase its usability in other sectors such as registration, KYC, Product certification and software licensing.
References
I would encourage you to check the platform website and join in the social pages below for more information:
0xcert Website https://0xcert.org/
0xcert Twitter https://www.twitter.com/0xcert
0xcert Telegram https://t.me/zeroxcert
0xcert Bitcointalk https://bitcointalk.org/index.php?topic=4434967
0xcert WhitePaper https://0xcert.org/whitepaper.pdf
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
Ether Address: 0x8E8A5B6e2ABF1Bb64759bDd4DBe788F45B1D4f54
