Secretum: The Next Generation Of NFT Trading
18 Noviembre 2021 - 10:32AM
NEWSBTC
The boom in Non-Fungible Tokens (NFTs) is advancing faster than
ever, reaching new price and volume records in 2021: Digital
artwork “Everydays — The First 5000 Days,” sold for $69 million at
a Christie’s auction in March. Sales of NFTs surged 700%+ to $10.7
billion in Q3 2021 over Q2 2021. The overall value of NFTs globally
has surpassed $43 billion. The proliferation of NFT gaming is
adding more fuel to the fire – Axie Infinity, one of the most
popular NFT metaverses, is on track to generating $2.7 billion in
2021, almost only from sales of character and in-game NFTs. In such
an unprecedented and dynamic market, NFT buyers and collectors
often face a set of challenges: Hidden Fees – Most of today’s NFTs
are based on Ethereum-standard Blockchain tokens (ERC-20, ERC-721
or ERC-1155). Since each token needs a certain amount of power to
be generated, each NFT transaction comes with a so-called “gas
fee”. The fee is currently about 5.23% of the average NFT price – a
significant cost for both buyers and sellers. A Fragmented Market –
Although a number of NFT trading platforms are operating (Opensea,
Rarible), they do not help NFT buyers or sellers locate potential
NFT assets or collections of interest to them. Liquidity is
therefore fragmented, as buyers and sellers often cannot locate
each other with ease, reducing the potential to maximise sales
prices. Security Issues – Crypto wallet attacks, hacks, and data
breaches are becoming more and more frequent. A total of 27
large-scale crypto wallet attacks occurred in 2020, with owners
being robbed of over $3 billion. With the global value of NFTs
rapidly reaching $50 billion, collectors need a solution that
ensures their valuable digital assets are safe when stored and when
traded. An ambitious team of developers has created a unique,
state-of-the-art, and highly reliable Blockchain-based platform
that allows NFTs to be stored and traded safely, quickly, and at a
minimal cost. The name of this solution is Secretum. Secretum – The
Ultimate Platform For Safe, Instant, and Low-Cost NFT Trading
Secretum is the world’s first and only decentralised, encrypted
messaging and OTC trading app, built on the innovative Solana
Blockchain. It offers users a set of unique features: Direct NFT
and crypto token trading between users, via an integrated escrow
smart contract functionality, allowing users to find NFT assets
owned by other wallets. This opens up endless opportunities for
trading NFTs without the need for exchanges, boosting the liquidity
of the NFT market. Direct and anonymous registration and
messaging/phone communications with any other wallet owner in the
world, based only on wallet address. Secretum allows crypto owners
to do something unprecedented, namely communicate and trade with
each other without having to know each other or have each other on
a contact list. High-security NFT and file storage on a distributed
node network, eliminating the risk of hacking, data leaks, or any
other external interference that normally affects cloud-based
messaging/storage solutions. Secretum’s use of the Solana
Blockchain is a game-changer for the NFT market, thanks to its
superior characteristics: Low Cost – Solana’s transaction costs
average only $0.00025, a saving of over 99% from average Ethereum
gas fees. This means NFT collectors and traders save more money and
can increment their trading activity significantly, at almost no
extra cost. High Transaction Speed – Solana is capable of
processing 65,000 transactions per second, 4,000x more than
Ethereum. This means Secretum can accommodate an enormous amount of
NFT trading activity between its users, without any execution
delays. A Booming Ecosystem – In July 2021 Neon Labs announced the
deployment of a cross-chain Ethereum Virtual Machine on the Solana
testnet. Secretum will therefore be able to leverage the speed of
cost advantages of Solana with the ubiquity of Ethereum-based
applications and NFTs (90% of the total), accelerating the growth
of Secretum’s user base and market presence in the NFT market.
Secretum’s unique capabilities and technology are a quantum leap
forward both for secure messaging and for the NFT market. By
positioning itself to become the go-to solution for both of these
two enormous markets, Secretum aims to take full advantage of its
future growth.
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