HovR Announces Next Generation NFT Marketplace on Qi Blockchain
HovR is preparing to shake up the NFT market industry by leveraging the Qi blockchain technology stack.
As a result, the days of dealing with fee-free blockchains are over, and non-fungible token minting will become far more accessible and affordable.
HovR uses Qi as one of the most sophisticated blockchains with extremely low fees, benefiting the upcoming NFT marketplace. Through HovR, users can seamlessly perform value transfers across assets, spanning cryptocurrencies, NFTs, real estate and fiat currencies.
Any asset can be tokenized by creating unique blockchain-based IDs.
Furthermore, HovR emphasizes the real functionality of non-fungible tokens, including trading in-game items, storing important documents, purchasing a Web3 domain, social media avatars, ticketing solutions, etc.
It will pave the way to bring even more utility to the NFT industry by exploring new opportunities ranging from sports contracts to college degrees and digital passports to medical records.
Creating an NFT through HovR is simple, cheap and efficient. Created NFTs are linked to a wallet address on the Qi blockchain, facilitating true digital ownership and providing a transparent trade history.
HovR chooses the Qi blockchain because it has 300 times the amount of Bitcoin and ten times the SWIFT network.
Leveraging such advanced technology could have ensured that previous NFT projects, such as Crypto Kitties, could have had a longer lifespan and stay in the limelight. However, they did not build on Qi and chose another solution.
The Qi ecosystem is backed by VortX Capital, a global fintech investment firm and industry leader. The Qi network is used as the primary payment rail for several applications.
VortX intends to launch a suite of decentralized applications (dApps) and play-to-earn NFT games on Qi to further highlight its potential.
Moreover, VortX is also the owner of the new HovR marketplace. The team plans to explore all the best industry verticals by going all-in on dApps, NFTs and blockchain games for the foreseeable future.
To increase the mainstream appeal of VortX, the company plans to become the first blockchain company to IPO in Africa.
The team is engaged in an open dialogue with the Johannesburg Stock Exchange and the Equity Express Stock Exchange to make this a reality.
To build initial momentum, HovR created a native NFT collection of the world’s 10,000 largest cities ranked by population.
These NFTs will be part of an upcoming play-to-earn metaverse game where users aim to achieve world domination. NFT holders can own their city and conquer other locations.
Furthermore, HovR is in talks with various entities to secure key partnerships to turn event tickets and legal wills into non-fungible tokens.
About HovR
HovR is the world’s lowest transaction fee NFT Marketplace and also the world’s first NFT marketplace to create a .pdf NFT.
PDF NFTs make it possible to store blueprints, secret documents and wills on the blockchain as well.
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About the Qi blockchain
Qi Blockchain is a world-leading scalable and distributed public blockchain network with smart contract scripting functionality as the foundation for a digital future.
Qi Blockchain is positioned for Web 3.0, Metaverse, low-transaction NFTs, Defi and all that the future holds.
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