6 NFT marketplace built on the greenest blockchain, Algorand

This blockchain provides a more secure environment for these assets. It is committed to being the greenest blockchain with a carbon negative network. This Blockchain like Solana is firmly rooted in the NFT creation landscape.

Algorand was founded by Silvio Micali, an Italian computer scientist, professor at MIT. In 2012 he received the Turing Award for his work in cryptocurrencies. He founded Algorand, which has developed a blockchain infrastructure that provides interoperability and the ability to manage the volume of transactions required by defi, financial institutions and governments for a smooth transition to FutureFi. The technology of choice for more than 700 global organizations, Algorand enables the simple creation of next generation financial products, protocols and value exchange.

The ALGO protocol token is the 28th largest digital currency by market capitalization ($ 6.4 billion). The number of developers on the platform has increased to around 200 from just over 50 the year before!

A bit of technique on Algorand who has a point in common with Solana that gives him a great advantage. Both offer a new way to validate transactions. Solana uses the proof of history. This marks the data blocks with timestamps and thus simplifies the validation process. Many blockchains use proof of stake. This offers validation power based on their holdings. But Algorand uses “pure” proof of participation. This means that validation power is randomly assigned to any stakeholder. It also simplifies the validation process and most importantly promotes security and decentralization. Pure proof of participation means that validation responsibilities will not always go to the same high-level stakeholder group.

Currently, Algorand handles around 1,200 transactions per second. The next goal is to reach around 3,000 per second. Algorand is working to increase this figure to 45,000 transactions per second. It is committed to being the greenest blockchain with a carbon negative network. The energy required to run a node in the network is negligible and can be run on a simple device like a Raspberry Pi. Compared to other blockchains, creating digital assets and transactions on Algorand results in significantly lower CO2 emissions, with the initial analysis showing around 2 million times less. It should be noted that with its advanced smart contracts, the blockchain will then lock the equivalent amount of carbon credit as ASA (Algorand Standard Asset) in a green treasury so that its protocol continues to function as negative carbon.

Below, 6 innovative platforms built on Algorand.

Abris.io

Abris allows innovative creators from around the world to showcase their creativity as NFTs as part of an exclusive collection of unique and rare NFTs or to have an Omni Store with their different types of NFTs and allow them to market their assets without limits . Abris.io also provides NFT as a Service (NFTaaS) to help artists, celebrities, charities, galleries, political campaigns, social impact initiatives, brands and companies to sell / auction their NFTs as well, allowing event tickets singles such as NFT. On Abris, anyone can safely mint NFTs in one step. Additionally, the platform’s buying, selling and reselling market is curated, with all artists and collectibles fully vetted. Artists who are verified to sell on the platform receive 90% of primary asset sales and 5% of all secondary sales.

Gallery AB2

The AB2 Gallery platform is a simple, permissionless and secure NFT trading solution for artists and collectors in the Algorand ecosystem, made possible through smart contracts. There are no AB2 Gallery accounts, usernames and avatars are written directly on the blockchain. The same goes for almost all other aspects of using AB2 Gallery, all you’ll need is a valid ALGO address to get started.

ZestBloom

ZestBloom will offer a suite of solutions to give artists more control and less responsibility. Every NFT managed by ZestBloom will come with a content-based digital signature that prevents others from stealing any part of the work. Their nodes constantly index the Algorand blockchain for abuse and imitation, which are reliably detected even if only a small portion of the work is stolen. Giving original creators more control directly reduces low-effort content opportunities.

Another benefit is that fractional NFTs (fNFTs) significantly reduce the barrier to entry for users. The high gas fees on Ethereum greatly reduce the utility of the division, as the fees will cost much more or most of the fNFT. Since the transaction fees on Algorand are negligible, fractions can be traded profitably. Artists often don’t know how to value their work, and an ambitious reserve price can lead to no offers, unfortunately. The division therefore offers an alternative sales model with more affordable prices. Therefore, having multiple owners of an NFT also reduces the risk to the artist, as it increases the likelihood of returning with more potential buyers.

Aorist

Aorist embodies an interdisciplinary program of artists, international exhibitions and collaborations that connect the digital and physical realms, while supporting experimentation, co-creation and innovation. Aorist leverages web3 technology to provide artists with advanced tools to push the boundaries of their practice while protecting the principles of ownership, authenticity and social capital. Aorist uses the Algorand network to target NFTs. Here is an example of an exhibit in Miami, Crossroads, which is a decentralized experience! Includes physical installations, augmented reality (AR) experiences, immersive experiences, and online-only artwork.

Dartroom

The NFT DartRoom platform is artist-centric, which makes it easy for creators to create and sell artwork on the market. It offers artists the choice between two NFT formats, intelligent NFT and ASA (Algorand Standard Asset)! Dartroom’s goal is to provide artists and collectors with the ability to interact in a sustainable, safe and cost-effective way. Dartroom also aims to enable artists who are not familiar with how blockchains work to be able to mint and sell their art with relative ease.

Piazza dell’Arte

ArtSquare.io is the first blockchain-based platform that makes cooperatively owned works of art, digital art and collectibles (works of art) digitally accessible and manageable, making works of art capitalized for first time in history a source of cash flow (passive income).

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