An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.
Anyone can view the individual images—or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download?
Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.
To day . am Review XIRCUSone of The First Multi-chain Gamified DAO NFT Marketplace Creation Platform
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XIRCUS is the world’s first multi-chain gamified DAO platform that allows users to create and deploy custom NFT marketplaces. In a few easy steps, Xircus users can create and launch a personalised NFT trading platform absolutely free of cost. A powerful, unique, and automated tool that empowers artists, influencers, content creators, collectors, and brands by allowing them to create a personalised NFT marketplace, Xircus is a pan-dimensional gateway to the world of non-fungible digital assets. Our decentralized software as a service (DSaaS) model makes the platform accessible to all. It is the easy, secure, time-efficient, and cost-less way to develop a personal market for your NFTs.
A Non-Fungible Token (NFT) is perhaps the most potent use case of blockchain technology. NFTs are unique because they offer the unbreachable leak-proof security layer to confirm the originality of digital assets they represent. Though the market for NFTs is nascent, the demand has been growing exponentially. Top NFT marketplaces have witnessed billions in trade. As the market grows so does the competition. Traditional or first-generation NFT marketplaces are a facilitator and not a full-proof solution. The idea behind Xircus has been to create an ultimate solution that empowers individual artists, influencers and collectors, by giving them the control that comes with the power to create their own NFT marketplaces.
Who is it for?
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XIRCUS is a primary platform for all those who are currently losing a significant percentage of their profits to third-party NFT marketplaces. With Xircus they can actively create a custom NFT marketplace and sell non-fungible digital assets directly to their fans and followers. Our conservative estimate suggests Xircus can save NFT creators about $600 million within a year of its launch.
Additionally, by democratizing access to tokenization and NFT trading, the platform will empower all, be it an individual, a brand, an expert, (blockchain)startup or celebrity/influencer.
Our accomplishments
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Do We Really Need NFT’s?
Now the question is why should anyone purchase an NFT token. Or why do we need NFT at all? Let’s take a scenario where an artist wants to sell his digital artwork. In the digital world, it is not uncommon to find duplicates all over the internet. With an NFT token one who purchases the artwork will not only be able to purchase and support the artist by buying the token but he will also have a unique proof of ownership because despite the artwork being duplicated the token developed on the Ethereum network will forever remain unique.
Recently, Beeple sold 21 pieces of artwork worth $3.5 million on a digital marketplace through NFT. Beeple also sold his masterpiece “EVERYDAYS: THE FIRST 5000 DAYS” at Christie’s for $6.5 million.
Some experts have already started to talk about NFTs as one of the best usecases of Blockchain technology so far. The non-fungible tokens are indeed going to get more and more popular as digital online marketplaces are mushrooming. Moreover, NFTs are a very transparent way to support artists or content creators. It also provides the authenticity of ownership which cannot be compromised.
The Philosophy
Decentralization has been a recurrent theme in blockchain’s journey so far. The promise to take the power from centralized institutions and give it back to the people is the single most influential proposition that drives the entire value system of the decentralized digital currencies. NFTs are a promising product in line. Traditional NFT marketplaces that provide access to this new class of digital assets solve many problems but one — providing the power and control to individuals, content creators, artists, and influencers amongst others. This is where XIRCUS steps in. It eliminates the role of intermediary platforms by allowing users to easily create custom NFT marketplaces without writing a single code.
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