HovR—the world’s first in-game NFT exchange is here by BTC Peers
© Reuters. HovR—the world’s first in-game NFT exchange is hereNFTs have come a long way. From Mike Beeple’s record-breaking NFT auction to CryptoPunks, the market has experienced tremendous growth. Despite all these, the emerging multi-billion dollar industry still faces many problems. The high cost of transactions, sometimes from $80 to $250, is a significant sticking point, causing most users to settle for an alternative second-layer blockchain.
While a viable option, it’s problematic – converting tokens is both a technical nightmare and a difficult task. Using the second layer blockchain removes liquidity and reduces the composition of the primary chain. It also opens the floodgates to security and privacy issues, putting the emerging market at risk of more malicious attacks.
Fortunately, there is a workable solution without security and privacy concerns – the HovR NFT exchange.
HovR NFT exchange
A product of Vortx Capital Pty LTD – a trusted software investment company – HovR is a Qi-based, world’s first in-game NFT exchange. HovR leverages the cutting-edge Qi blockchain – arguably one of the most advanced networks in the crypto industry – to deliver lower NFT coin fees and a marketplace specifically built for NFTs with real-time use cases.
HovR realizes the huge potential of NFTs and the role they can play in the sports, education, energy, healthcare and immigration sectors. And it is aptly positioned to lead the disruption of these industries, putting the NFT space on the path to true global adoption. With most of the NFTs having little or no real value, HovR aims to focus mainly on significant non-fungible token offerings such as domain names, social media avatars, ticket sales, secure storage of wills, in-game trading assets, etc . . .
How Qi Blockchain Will Power HovR
Based on the Qi blockchain, HovR will greatly benefit from this super-advanced network. By integrating an NFT ID system, Qi will allow HovR to determine the original owner of each NFT and derive the trading history.
As a product of Vortx Capital Pty Ltd, like HovR, Qi will host a variety of decentralized applications [DApps] and play to earn [P2E] soon-to-be-launched games by the software investment company. HovR will benefit from Qi’s ultra-fast transaction capability. Currently, the Qi blockchain is at least 300 times faster than and ten times faster than SWIFT, guaranteeing HovR users incredibly faster transactions.
As more players and developers continue to enter the emerging P2E gaming market, due in part to the influx of a variety of exciting games and sustainable reward economies, HovR, through its fast, affordable and simple transactions, aims to be at the forefront of this introduction process. HovR prioritizes you by giving you full control over your NFTs – users can easily sell/buy NFTs and other in-game assets.
According to a recent press release, HovR has launched a series of NFTs – inspired by 10,000 of the world’s largest cities by population. These NFTs will give their holders a sense of belonging and will play an important role as in-game components for a P2E-based game of world domination.
As one of the companies keen to change the NFT and blockchain spaces, Vortx Capital is in talks with the Equity Express Stock Exchange and the Johannesburg Stock Exchange to become the first blockchain-based company to launch an IPO on the African continent.
Continue reading at BTC Peers
