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Venus: An NFT Platform Dedicated to Building a Value Metaverse

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Origin of Venus

Non-Fungible Token NFT (full name is Non-Fungible Token, it is the only cryptocurrency token used to represent digital assets. NFTs can be bought and sold like any tangible asset.) Much longer than we think, the first attempts at NFTs were in the early days of cryptography. Colorcoin from 2012 to 2013 was the first of his NFTs to exist and was about the size of a Satoshi, the smallest unit of Bitcoin. Color coins can be used to represent multiple assets with multiple use cases.

The NFT market flourished with the advent of cypherpunks and encrypted cats in 2017-2018. Continuous iterations of cryptographic technology have made it easier to join the NFT ecosystem. Around this time, the era of NFT explosion has arrived.

In other words, during this period, a cryptographic team led by the Venus Foundation began to deeply research the NFT field, and the Venus Project was officially established. Venus uses his NFTs as the main track of deep exploration, facing areas such as the metaverse, games, and digital storage, making innovative changes to existing digital creation and transaction processes, and optimizing existing interaction logic. , reduced the barriers to development. Improve the efficiency of integrated data and build an integrated and comprehensive her NFT ecological platform covering the entire entertainment industry in the digital age.

In the future, Venus, under the initiative of Venus Dao, will work with many business communities with a true value base to create a diverse and truly comprehensive NFT platform that will attract NFT enthusiasts, businesses around the world. , helping organizations realize their dreams and values.

Venus Redefines NFTs

In this era, digital products and goods are endlessly produced and replicated. Here, the NFT’s role is to act as a “proof of ownership” to prove the uniqueness of such digital products. In the case of “Mona Lisa”, you can take pictures and buy prints, but he is the only original. By a similar principle, NFTs are digital tokens that can prove the authenticity of intangible goods despite constant copying and duplication.

As NFTs grow in popularity, the shortcomings of traditional NFTs are becoming increasingly apparent. Some of his NFTs are set, making it difficult for users to figure out the actual ownership. The use of inefficient or outdated protocols and the NFT asset theft problem caused by it are frequent, and it is time to have a standard manufacturing and sales framework to regulate the healthy development of the industry. To protect the core rights and interests of all users, Venus has formulated standards that must be followed for issuing NFTs within the platform.

To issue NFTs on the Venus platform, the following criteria must be followed:

possession

Users fully own the asset ownership of their NFTs and are free to manipulate their NFTs, including auctions, transactions, transfers, and collections.

Multifunctional

NFTs are fully compliant with the ERC-721 publication standard. Any application that supports the Solidit technology framework can call the standardized functionality of NFTs to enable cross-ecological reuse and multifunctional applications of NFTs.

Liquidity

Based on many years of encryption technology research, NFTs not only give NFTs a high value, but also give NFTs ecological liquidity, so that NFTs have greater liquidity and the potential value of NFTs. activate the

originality

NFTs are written to the ETH chain by smart contracts and cannot be modified or edited by other users unless the NFT owner edits them themselves.

Business structure of the Venus integrated platform

IP trusted digitization

NFTs are born with unique attributes of timestamps and distributed storage space and cannot be tampered with. Venus presents NFTs to IP in a trusted digital way. This will strengthen NFT’s right to value and form a “brand circle” with NFT at its core. , NFTs are not only widely used in music, games and other fields, but also allow users to build their own brand image through NFTs.

One-stop NFT service

Venus will provide a wide range of access methods and one-stop service facilities for the distribution of NFTs, enabling them to be more widely disseminated and promoted, and increasing the value of NFTs invisibly. Both users and developers can use Venus to deliver.

Real value NFT

Venus uses NFTs to enhance traditional true value objects, and after reliably retrofitting these limited trend games, game assets, and artwork in the encrypted digital world, these value objects It unleashes its own potential and provides reliable visuals that every A-value target corresponds to. digital certificate.

Venus Market Direction

NFTs issued by Venus are unique digital assets. Compared to alternative assets such as tokens, NFTs have established a complete NFT value system within a fairly elastic space that can be widely applied in various application areas.

music collection

A Venus-designed music collection can store contracts, copyrights, patents, and other information that needs to be stored on-chain in the form of NFTs, facilitating subsequent updates, distribution, and trading. If someone needs to trade his music collection, he only needs to publish the NFT mark information to declare the authenticity of the work and the ownership of the work. Prevent music copyright counterfeiting and fraud while ensuring the legality of transactions.

intellectual property

Intellectual property such as song copyrights, film copyrights, photo copyrights, painting copyrights, music copyrights, and invention patents can be authenticated through NFTs. In simple terms, this amounts to placing an immutable, unique barcode on the back of every item to verify and identify the copyright of the asset.

certificate proof

NFTs can be used to digitally authenticate a variety of documents such as ID cards, academic certificates, driver’s licenses, and real estate certificates. Not only can it be used to verify the authenticity of certificates, but it can also prevent certificate leakage. stolen, tampered with, or destroyed.

financial bills

Due to the particularity of financial bill audits, a series of asset bills such as financial bills involve financial and capital transactions that require a high degree of security. Therefore, the use of financial bills in combination with his NFTs can facilitate traceability while confirming entitlement.

tax management

For tax filing purposes, businesses and individuals are required to submit a set of certification documents such as invoices. To improve tax collection efficiency, NFTs can be used to mark relevant certification materials to ensure authenticity.

game assets

For gamers, the importance of virtual assets in gaming continues to grow. NFTs encode pets, assets, props, gear, and other items in-game to increase uniqueness and help verify player ownership.

Disclaimer: Coinspeaker is not responsible for the reliability, quality or accuracy of the materials on this page. We encourage you to do your own research before making any decisions related to any product/company mentioned in this article. Coinspeaker is not responsible for any loss that may result from the use of any services or products mentioned in the press release.

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