The Spanish startup Blocknitive joins an alliance with the consultant and developer Block Impulse to launch a blockchain solution that will allow other companies to have their own platform to create and sell NFTs.
The platform will be called “YourNFTcreator” and will allow its users to customize the marketplace according to their needs and preferences, thus turning them into full administrators of the digital market.
YourNFTcreator will have a traceability and security system based on the Ethereum, Polygon and BNB Chain network; In addition, it will allow the link with digital wallets in order to facilitate the process of cryptocurrency transactions.
Likewise, the company that decides to create its marketplace will sell through an automated system that will immediately displace intermediaries and generate income from royalties.
The presence of Block Impulse in this project is related to the effect traceability has on this blockchain model. Given this, Block Impulse said in the note sent that “Until now, an author sold a work and only generated profits with his first transaction. The NFTs establish an unalterable traceability that allows property rights to be maintained in successive commercialization of the same product. Which is a big step forward for creators.”
Maintaining property rights will also allow “associate brand values” which will end in the creation of beneficial environments for both merchants and consumers.
Although the platform will be made official in the next few days, both in Spain and Mexico they are already making use of the solution to create their marketplaces for the generation of “recurring income.”
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.