Non-fungible tokens (NFTs) are unique blockchain items that have the right to blockchain management. Some good examples of NFTs include the ownership records of collections, in-game items, digital arts, event tickets, domain names, and even physical assets. In the world of Ekta, NFTs may represent memberships, access to services, rights to a property, access to a venue, a portion of a company's revenue stream, a charitable contribution, an investment into a startup, a portion of trees in a virgin forest, the right to use yachts, the right to park yachts for a period of time, etc.
The Ekta self-developed NFT Platform or Marketplace is a blockchain-based cross-platform ecosystem for the buying, selling, or sharing of NFTs. The platform aims to provide a unique and novel market for NFT collection and distribution. Ekta’s unique differentiation is that all NFTs will be asset-backed, tied to a real-world asset, service, or experience, or have other tangible real-world utility. Ekta will also have fractional ownership through the power of F-NFTs (fractional NFTs).
The Ekta NFT Marketplace is dedicated to creating NFTs and the issuance of NFTs related to physical assets, which is a novel way for NFT creators and the owners of physical assets to connect with consumers and brands through digital collections. The Ekta NFT Marketplace will become a top NFT brand that provides a market for NFT creators and collectors to interact and share exclusive content in a multi-platform environment.
Curated Collections: With focus on the issue that other open marketplaces are subject to scams, a curated marketplace means no collections can be replicated. Each collection is vetted and then uniquely onboarded with their wants and needs as our center of attention.
KYC: All creators will go through our KYC process. No more hiding behind a GIF.
No One-Size-Fits-All: Our pricing, unlike other marketplaces, differs from project to project. The same percentage for real estate tokenization and for a PFP or GIF will not work. We work with each partner to ensure fair pricing, and percentages for creators, are applied to each project.
Built-In Fiat Onboarding: Our marketplace comes equipped with fiat-to-crypto conversion integration so anyone can buy NFTs from our marketplace.
Low Gas Fees: We believe that gas fees should be affordable, making collections more attractive and accessible to more people. Purchasing an NFT for $100 and paying gas fees of $150 will not be a situation that will happen on our NFT marketplace.
Real World Assets (RWAs) & Utilities: We are compatible with real world assets and utilities. As these are the future of NFTs and the blockchain, we are not only equipped for this revolution, but we only offer projects that use RWAs and real world utilities as their main components.
Built on EktaChain: Our marketplace is built on our own Layer 1 blockchain, EktaChain. This is a POA (proof of authority) blockchain. This enables us to assist with onboarding web3 novices, fiat onboarding, and most of all, security. This also gives us the ability to provide the industry with whatever is needed to scale and adjust with the market's landscape.
No Coding: Our NFT Marketplace creators are guided, individually, to create their collection without the need of writing a single line of code. We believe this will allow for mass adoption of NFT creators and allow more opportunities for NFT collectors.