PRETORIA, SOUTH AFRICA, July 21, 2022 (GLOBE NEWSWIRE) — Vortx Capital Pty LTD, a software investment company with an investment mandate that focuses on actual revenue, zero hype and real blockchain use cases, has announced the launch of HovR— the world’s first in-game NFT exchange for cross-game items and player incentivization. Most of the existing NFT marketplaces charge high transaction fees, some ranging from $80 to over $250, to create an NFT. While a second-layer blockchain works as a suitable alternative, converting coins is tedious and a technical nightmare for the average user.
The problems don’t end there. The existence and use of a second layer blockchain reduces, to a higher level, the composition of the primary blockchain. It also opens up a myriad of security and privacy concerns and removes liquidity.
HovR seeks to solve these problems.
HovR is built on Qi – one of the most advanced blockchains in the world. By leveraging this network, HovR guarantees remarkably lower fees and an NFT marketplace ideal for real-time use. HovR primarily focuses on significant NFT offerings such as in-game trading collectibles, web 3.0 domain purchases, testament storage, ticket sales, social media avatars, and other real-world NFTs.
As the possibilities of NFTs in various industries are explored in the form of sports contracts, carbon credits, verification of college degrees, digital passports, medical records, etc., HovR aims to be at the forefront of this revolution, allowing users to exchange one token. for another seamlessly.
HovR leverages the Qi Blockchain
As one of the modern blockchains, HovR will leverage Qi to verify the original owner of the NFT and also establish the trading history of each token. The Qi blockchain uses an NFT ID system similar to a QR code to make this possible.
The Qi blockchain handles as many as 300 times more transactions per second than Bitcoin and ten times more than SWIFT. VortX Capital Pty Ltd was the first to market in the field of mining Qi and going forward the investment company will build and then launch a number of decentralized applications [DApps] and play to earn [P2E] game. Talks are currently underway between VortX, the Johannesburg Stock Exchange and the Equity Express Stock Exchange for the software investment company to become the first blockchain-based platform to conduct an IPO in Africa.
As a revolutionary project in the emerging NFT space, HovR aims to provide a secondary market where players can comfortably sell in-game items. HovR also enables the rental of these digital assets to other actors.
As more players continue to enter the blockchain P2E gaming market, a new market and potential is open to be tapped. And HovR is positioning itself as the perfect platform to lead this new industry, putting players back in the driver’s seat.
HovR has launched a collection of unique NFTs comprising the 10,000 largest cities by population. These NFTs will serve as crucial components of a P2E game for world domination.
About HOvR NFT Marketplace
A product of VortX Capital Pty LTD, HovR is the world’s first in-game NFT exchange for cross-game items. HovR leverages the state-of-the-art Qi blockchain to deliver a secondary marketplace perfectly positioned for the new phase of P2E gaming. Through various ground-breaking features, HovR seeks to put players back in the driver’s seat.
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Company: HovR
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SOURCE: HovR
