Hong Kong, Hong Kong, twenty fifth January, 2021, // ChainWire //
Xeno Holdings Restricted (xno.dwell ), a blockchain options firm primarily based in Hong Kong, has introduced the itemizing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency trade on January twenty first 2021.
Xeno NFT Hub (market.xno.dwell ), developed by Xeno Holdings, permits straightforward minting of digital objects into NFTs whereas additionally offering a market the place anybody can securely commerce NFTs.
The Xeno NFT Hub mission workforce contains former members of the know-how mission Yosemite X primarily based in San Francisco and professionals akin to Gabby Dizon who’s a video games business knowledgeable and NFT house influencer primarily based in Southeast Asia.
NFT(Non-Fungible Token) know-how has just lately gained big focus within the blockchain area and past, making waves within the on-line gaming sector, the artwork world, and the digital copyrights business in recent times. The strongest function of NFTs is that “NFTs are distinctive digital property that can not be changed or solid”. In contrast to fungible tokens akin to Bitcoin or Ether, NFTs are usually not interchangeable for different tokens of the identical kind however as an alternative every NFT has a novel worth and particular info that can not be changed. This truth makes NFTs the right resolution to report and show possession of digital and real-world objects like artistic endeavors, recreation objects, limited-edition collectibles, and extra.
NFTs are already being actively traded in markets globally. For instance, one of many largest working marketplaces ‘Opensea’, just lately recorded roughly US$120,000 in each day common commerce quantity (DappRadar) and the entire quantity of NFT primarily based artworks reached $US8.2 million in December 2020. This determine is 3.5 occasions increased than the earlier report set in November 2020 (Coindesk).
Hong Kong primarily based Xeno Holdings has determined to initially goal South Korea as a significant market due to South Korea’s historical past of quick adoption for brand spanking new applied sciences and the success charge for providers and merchandise primarily based on these new applied sciences to achieve a powerful foothold within the market. “We selected the South Korean market as our major launchpoint to speed up integration and growth of the Xeno NFT Hub into varied conventional industries. We’re forging robust partnerships with excessive valued style manufacturers, on-line video games builders, and leisure firms to construct new traces of NFT merchandise.” mentioned the Xeno workforce.
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