HOVR: Unique Marketplace for NFTs with Real Value Backed by Qi Blockchain

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Written by

Valosi

Tech, Marketing and Crytocurrency

1 year ago

Introduction

Cryptocurrency, without doubt, is gradually occupying a significant position in the world financial sector. One aspect of cryptocurrency that is seriously emerging are NFTs. NFTs have grown in popularity that it can longer be wished away in the crypto space. Basically, NFTs are digital assets that represent real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same basic software as many cryptos.

Cryptocurrencies and our usual physical money are called = fungible, which means they can be traded or exchanged for one another. However, NFTs, which are known as non-fungible Tokens, are different. Each has a digital signature that makes it impossible for one NFT to be exchanged for another, this peculiar characteristic is why they are called - non-fungible. NFTs are powered by blockchain technology just like other cryptocurrencies making them digital products, but with a difference. Basically, an NFT is a digital certificate of ownership. It’s a token that lives on the blockchain. Transactions involving NFTs are completely transparent and cannot be tampered with. A NFT can be viewed as a title deed to a property or a certificate of authentication ensuring it is the real asset.

Blockchain technology and NFTs gives artists and content creators a unique opportunity to monetize their products. For example, artists no longer have to rely on galleries or auction houses to sell their art. Instead, the artist can sell it directly to the consumer as an NFT, which also lets them keep more of the profits.

But unfortunately, artists, content creators, users and lovers of NFTs do not have an enabling market place to buy or sell NFTs. Most existing platforms that deal on NFTs have numerous problems ranging from high transaction fees, security issues, among others. To resolve this problem, HOVR comes in as a relief to artists, collectors and other NFT lovers.

HovR is a unique NFT marketplace built to take advantage of the Qi Blockchain technology. Qi as one of the most sophisticated blockchains with extremely low fees. Because Qi blockchain is known for its extremely low gas fees among other qualities, it is a big advantage to be deployed in the NFT marketplace, to save artists, content creators, etc. from high gas fees being NFTs.

Why HOVR Platform Makes a Difference Among Other NFT Marketplaces

HovR platform is backed by Qi blockchian. HovR is designed to take advantage of the high qualities of Qi blockchain technology. Users of HovR platform can enjoy very low transaction fees, fast transfer of digital assets such as NFTs, high security and other qualities of Qi blockchain technology. QI Blockchain is built to be scalable and can handle large amounts of data. It is a decentralized platform that allows anyone to access and use it. It enables the deployment of smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party. Qi is designed to be used for a wide variety of innovative applications in finance, gaming, advertising, identity management, web 3.0, metaverse, among others. Backed by Qi technology, HovR NFT marketplace has the lowest transaction fees in the world.

HovR have adopted the unique attributes of Qi blockchain making it beneficial for NFT marketplace. Users of HovR platform can make very easy digital/cross-asset value transfers ranging from cryptocurrencies to NFTs, real estate precious metals, and fiat currencies. At HovR, any asset can be tokenized through the creation of unique blockchain-based IDs.

In fact, HovR adoption of Qi technology is ushering in a new innovation on the NFT space. HovR is more interested in real-world functionality of non-fungible tokens, including in-game item trading, storing important documents, buying a Web3 domain, social media avatars, ticketing solutions, etc. This will enhance the NFT space because more unexplored opportunities will emerge, such as ability to deploy NFTs for sports contracts to college degrees and digital passports to medical records.

Users of HovR platform can easily and efficiently create NFTs with very low gas fees. The NFTs created on HovR platform will be backed by Qi Blockchain, which is a way of ensuring that they are the original and true owners of the digital asset. The activity is transparent as the platform will provide a record of the history of transaction.

VortX is the owner of the new HovR marketplace and plans to launch decentralized applications (dApps) and play-to-earn NFT games on Qi to highlight its potential further. VortX is a global fintech investment company and industry leader.

Innovative Features and Benefits of using HovR Platform

Focus on Real value: HovR focuses mainly on important NFT offerings such as in-game trading collectibles, purchase of web 3.0 domain, safekeeping of wills, ticket touting, social media avatars, and other NFTs with real value. HovR platform is an NFT marketplace ideal for real-time use cases. Users have the opportunity to own web 3.0 domain of their own, as well as able to transfer a wide range of assets ranging from crypto assets, fiat currencies, to NFTs, Real Estates, and Precious Metals. HovR platform enables any asset to be tokenised by creating unique Blockchain identity.

Low cost of Minting/Creating NFTs: Hovr platform enables users to create/mint NFTs at very low cost by taking advantage of the Qi Blockchain. The low minting fees will impact the cost of selling the NFTs. This is a unique way of maximizing profits for all parties involved in the transaction. Currently, HovR is the world`s lowest transaction fee NFT Markerplace.

Unique NFT Marketplace: HovR’s goal is to add real to the NFT space. It also aims to become the world`s first cross-game in-gaming marketplace for items to be used and rented out to other players. Gamers can earn money by renting out these items when they are not playing, thereby, providing opportunity for gamers to earn income.

Opportunity to own a Metaverse City and Earn QIE: HovR have created a native NFT collection of the world’s 10,000 biggest cities ranked by population. HovR aims that the 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. The NFTs will serve as crucial components for a P2E game. Winners will be rewarded in QIE, which is the native token of HovR ecosystem.

First PDF NFT: HOVR platform stands out to be the world’s first NFT marketplace to successfully create a PDF NFT. By making PDF NFTs, it means that blueprints, secretive documents and wills can be successfully stored on the blockchain as well. In addition, HovR is in talks with various companies /institutions to secure important partnerships for turning event tickets and legal wills into non-fungible tokens. You can create your digital avatar for your metaverse identity, create your own letter of wishes for loved ones and many more.

Tokenomics

QIE will be the native currency of the HovR Marketplace and the overall ecosystem.

Network Name: QI Blockchain – Mainnet

Symbol: QIE

Block Explorer URL: https://mainnet.qiblockchain.online

QIE Listing: XT.com, Bitmart, Digifinex and P2pb2b.com

QIE on Coinmarketcap: https://coinmarketcap.com/currencies/qi-blockchain/

Conclusion

HovR is an innovative NFT marketplace powered by Qi Blockchain. HovR platform is engineered for the benefit of Artist, Musicians, Content creators, NFT lovers, etc. by providing a comfortable NFT marketplace where they can easily and regularly access to create, buy or mint their favourable digital products at very low fees so as to maximise profit.

Hovr platform is a unique hub for artists and other content creators as it enables them to create/mint NFTs at very low cost by taking advantage of the Qi Blockchain. HovR have more interest in NFT offerings that have real-time use cases such as in-game trading collectibles, purchase of web 3.0 domain, safekeeping of wills, ticket touting, social media avatars, and other NFTs with real value.

HovR users can transfer a wide range of assets ranging from crypto assets, fiat currencies, to NFTs, Real Estates, and Precious Metals. HovR platform enables any asset to be tokenised by creating unique Blockchain identity. HovR NFT marketplace has the lowest transaction fees in the world. HovR have come to change the narrative in the NFT space.