HovR Introduced Its Next-Gen NFT Marketplace On Qi Blockchain

HovR prepares to shake up the entire NFT marketplace sector by leveraging the Qi blockchain technology stack. As a result, the days of dealing with high-free blockchain networks are over, and non-fungible token minting will become highly accessible and affordable.

HovR taps the Qi blockchain as one of the most complex blockchains with considerably low fees, benefiting the forthcoming NFT marketplace. Through HovR, users can smoothly perform cross-asset value transfers, spanning cryptos, nonfungible tokens, real estate precious metals, and fiat currencies.

Any asset can be tokenized via the creation of unique blockchain-based IDs. Moreover, HovR insisted on real-world functionality of NFTs, including in-game item trading, storing crucial documents, buying a Web3 domain, ticketing solutions, and social media avatars. It will then pave the way for bringing more utility to the NFT sector by exploring new opportunities, which range from sports contracts to college degrees and digital passports to medical records.

Developing an NFT via HovR is simple, cheap, and efficient. The created NFTs are linked to a wallet address on the Qi blockchain, facilitating real digital ownership and offering a transparent trading history.

HovR opts for the Qi blockchain since it has 300 times the throughput of Bitcoin and ten times that of the SWIFT network. Leveraging such advanced technology could have guaranteed earlier NFT projects, like Crypto Kitties, could have a longer lifespan and remain in the limelight. Nonetheless, they did not build on Qi and opted for a different solution.

The Qi ecosystem is supported by VortX Capital, a global fintech investment firm and industry leader. Notably, the Qi network is used as the main payment rail for many applications. VortX intends to launch a suite of decentralized applications (dApps) and play-to-earn NFT games on Qi to highlight its potential much further.

Furthermore, VortX is also the owner of the new HovR marketplace. The team now wants to explore all of the top industry verticals by going all-in on dApps, blockchain gaming, and NFTs for the foreseeable future.

To grow the mainstream appeal of VortX, the firm plans to become the first blockchain firm to IPO in Africa. Notably, the team is engaged in an open dialog with the Johannesburg Stock Exchange and Equity Express Stock Exchange to make that a reality.

To build on the initial momentum, HoVR created a native NFT collection of the world’s 10,000 biggest cities ranked by population. These nonfungible tokens will be part of an upcoming play-to-earn metaverse game where the users aim to achieve world domination. NFT holders can own their city and conquer other locations.

Moreover, HovR is in talks with different entities to secure critical partnerships for turning event tickets and legal wills into non-fungible tokens.

HovR Overview

HovR is the world’s lowest transaction fee NFT Marketplace and also the world’s first NFT marketplace to successfully create a .pdf NFT. PDF NFTs allow for blueprints, which are secretive documents and wills to be entirely stored on the blockchain too. HovR socials include Instagram and Twitter.

Qi Blockchain

Qi Blockchain is a highly scalable and distributed, public blockchain network with smart contract scripting functionality as the foundation for a digital future. Qi Blockchain is positioned for Web 3.0, Metaverse, low transaction NFTs, decentralized finance, and everything that the future holds.