Bitsliced, the revolution behind asset tokenization – Blockchain News, Opinion, TV and Jobs
While the use of cryptocurrencies continues to grow, as evidenced by last year’s beef market, there is still a strong need to integrate real-world assets into the blockchain.
Bitsliced’s purpose is to fill this gap by bridging the gap between blockchain technology and the physical world. Through Bitsliced’s app and set of smart contracts, Bitsliced, a blockchain – based protocol aimed at tokenizing assets in the real world, will make it intuitive and easy to tokenize and fractionalize assets from different markets such as collectibles, real estate, traditional art, and several other uses. .
Overview of Sliced App
Bitsliced’s flagship product, Sliced, is a SocialFi app and marketplace where users can create and trade various NFTs (non-fungible tokens) and tokens that represent assets in the real world.
Through the Sliced app, anyone can create a digital representation of an owned property, be it a work of art, real estate, vehicles, clothing, etc. By doing this, Bitsliced contributes to creating a parallel digital market that facilitates the trade of goods across national borders and unlocks extra value through new revenue streams.
By utilizing blockchain technology, the Sliced app guarantees an extra layer of security and transparency throughout all trades. Further down the line, it will be possible to fractionalize and divide ownership of assets between different users (verifiable co-ownership).
The app will be available on all mobile devices, including the iOS and Android operating systems, and desktop users can also access it via the browser version.
Unique features
To increase storage and user engagement, the Sliced app will be gamified. Brands and a leaderboard system will be included in the app’s architecture, which encourages users to continue using Bitsliced’s services.
The slice app will also include social media elements. Bitsliced will take advantage of an innovative approach to socialization through Bitsliced’s NFT channels. As a personal digital space, NFT channels will allow users to socialize in unique ways while viewing portfolios and NFT in a kind of “digital gallery”.
NFT channels will be a place where Bitsliced’s community can hang out, shop and discuss their favorite topics, be it real estate, collectibles, fashion and any other industry disrupted by Sliced NFTs. Bitsliced expects to create a vibrant and active community of investors, collectors and NFT enthusiasts thanks to the high-profile channels.
Another component of the Bitsliced SocialFi app is staking and yield farming. More passive income opportunities will be available for SLICED token holders. By investing in and helping keep the network afloat, users can be rewarded with an estimated annual percentage rate (APY) of 15%. Alternatively, SLICED token holders can also earn an expected 25% APY by providing liquidity to Bitsliced’s protocol and marketplace.
The SLICED token will be the cornerstone of the app, driving all trades on the market. Each transaction within the marketplace is immediately rewarded with 1% cashback, with real estate purchases that could potentially have up to 8% cashback depending on the broker. The Bitsliced debit card will also be introduced, offering a convenient way for users to use their cryptocurrencies and cashback income to make purchases or convert to fiat.
Sliced NFTs – Legal background
Thanks to Bitsliced’s proprietary Sliced NFT system, we will be able to issue universal digital certificates with a stamp of trust. All certificates are unique NFTs that represent ownership of a specific asset.
Sliced, together with its network of partners and brokers, will be responsible for ensuring that all necessary legal due diligence is performed in advance. Bitsliced proprietary code will then check and verify the integrity of the data, and only then will the NFT certificate be embossed.
