The Social NFT Marketplace
Where many other DLT systems aim to retro-fit quantum-resistant protections into existing systems, Quaranium vows to build the necessary infrastructure from the ground up for more robust and long-term security. Meanwhile, Quaranium’s BlockDAG is optimized for Internet of Things applications for ultra fast microtransactions, while also interacting with the underlying PoW blockchain for security. But what of the homegrown and Dubai-based crypto companies that are busy defining tomorrow’s Web3 landscape? Who are the local entities taking major strides forward, and what tools and technologies are they behind?
Type of NFTs offered
Some NFT marketplaces even Fomo Lab provide the option to create NFTs directly within the platform. These platforms often levy transaction fees, contributing to their substantial annual revenue, sometimes reaching tens of millions in USD. But despite the setbacks this asset class has seen, many investors are still interested in NFTs. Zeebu’s platform aims to address these challenges head on by building a secure and trustless marketplace using blockchain technology. Here, buyers and sellers can trade voice traffic directly, with smart contracts and decentralized finance protocols allowing for fast and secure payments without requiring a third party. All transactions are meant to be recorded transparently, while auditable records help prevent fraud and disputes.
Trade on the go with OKX
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Growth isn’t always easy to define, but many would argue that the presence of major crypto projects, as outlined in the article above, points to a fertile environment for crypto’s continued emergence in Dubai. Some NFT platforms have an exchange integrated in their marketplace, which allows users to buy cryptocurrency (which they can then use to purchase NFTs) all on the same website. Binance and Crypto.com are 2 reputable exchanges which have integrated an NFT marketplace into their services.
With a strong focus on digital art, this is a marketplace that shuns the crazier aspects of the NFT world, so you’ll find no wacky avatars or cute monsters here. Certain NFT marketplace tokens are solely used for transactions, be it the purchase or sale of NFTs, as well as to pay for the cost of gas fees. Selling unique digital assets can be a more technically complicated process than buying them, particularly if the user is attempting to sell something they have created themselves (artwork, a soundtrack, a tweet, etc.). Wilks adds that, unlike other marketplaces, CoinSpot offers more than 350 cryptocurrencies for users to pay with. While CoinSpot does not (yet) offer credit or debit card payments, you can add Australian dollars from a card to your CoinSpot Wallet for a 2.58% transaction fee. There is then a 0.1% market fee when making market orders of cryptocurrency, and no fee for AUD withdrawals.
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Company
Empeiria has stated its aim to help drive adoption of Web3 technology through its EVDI. With data being a fundamental ingredient in AI systems, and both AI and Web3 having a transformative impact on virtually every industry today, the company is well placed to capitalize on growing interest in optimized AI models. The technology employs decentralized identifiers, verifiable credentials, zero-knowledge proofs, and self-sovereign identity to help validate the quality and standardization of data.