India’s First NFT Token - Wazirx Announcement

India’s First NFT Token - Wazirx Announcement

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On Monday, the Mumbai-based WazirX exchange, the largest in India, launched a non-fungible tokens (NFT) platform through which creators can auction their digital assets and earn royalties.

“The development has paved the way for seamless exchange of digital assets and intellectual properties including art pieces, audio files, videos, programs and even tweets apart from other digital goods and services,” the Binance-owned exchange said in a press release shared with CoinDesk in a Telegram chat.

NFTs are a class of cryptocurrencies representing a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers, as discussed by CoinDesk last month.

In plain English, an NFT is not replaceable by any another item and acts as proof of ownership over a piece of a digital asset.

“We are delighted to launch one of India’s first NFT marketplace,” Nischal Shetty, CEO of WazirX, said. “Both digital creators and collectors stand to benefit from the WazirX NFT marketplace.”

WazirX does not charge customers for creating and listing NFTs on its platform and is working toward making its marketplace more lucrative by eliminating costs associated with verifying NFT transactions on the blockchain, according to the press release.

Because NFTs run on blockchain, most trading platforms charge users for the computing power required to process and validate transactions on the blockchain.

Film actor/producer and adviser to NFT market place Vishakha Singh said she’s confident the launch will be a success and help “erase the myth of the starving artist.”

Source: Yahoo Finance

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What is S.Finance (Stable Finance Governance Token) | What is S.Finance token | SFG Token

S.Finance is a stable coin trading protocol, introducing a new token governance plan. At the same time, S.Finance firstly achieved three-awards, starting from stable coins to link more valuable DeFi protocols to provide basic support. At present, S.Finance supports swap between DAI, USDC, USDT, TUSD, PAX, USDx, QUSD, etc. Besides, liquidity pools of sUSD, dfi, SFG, dForce, qian have been launched. The sUSD pool could mint CRV, SNX and SFG token at one time. The dForce pool and qian pool provide SFG + DF and SFG + KUN respectively. SFG is the governance token of the S.Finance platform, with a total issuance of 21 million, 100% based on contribution distribution. There is no private placement either pre-mining. Daily output is 0.1% of the unminted part of the remaining. Users can earn SFG rewards and participate in platform governance by contributing to the liquidity pool. What is S.Finance (Stable Finance Governance Token) - SFG?