A few years ago, we conferred value on tangible goods that we could touch and see (gold, stamps, works of art), and now we increasingly do it on intangible goods that we mostly see, but probably cannot touch. Cryptocurrencies are an approximation to that principle, but NFTs go a bit further and apply that concept of the store of value to those more collector-oriented objects.
Contrary to what happens with cryptocurrencies, NFTs cannot be exchanged with each other, since no two NFTs are alike: your letter from a crypto kitty is unique, as is that digital work of art or any other intangible good that comes in. in this definition. As explained in Coindesk, there is a clear analogy between an NFT and a ticket for a music festival: in that ticket, there is information about the buyer of the ticket, the date of the event, and its location. Those inputs, like the NFTs, are personal and unique.
Most of these “tokens” (which can be coins, stamps, works of art, for example) are based on the standards of the Ethereum network and its blockchain. However, the fees to obtain an NFT on this platform are too high. For this reason, Binance is about to launch its own BEP protocol for NFTs with fewer fees. So, the project I’m going to present you is Tiara (https://tiaranft.com/), an NFT marketplace created on the Binance Smart Chain network for users to buy, sell and create collectibles.
In more detail, Tiara (https://tiaranft.com/) is a marketplace based on Blockchain technology that implements open-source smart contracts for users to make buy, sell and create collectibles. The fact that it is open source makes the platform 100% decentralized and allows the community to own it.
Tiara’s main goal is to transfer power to a healthy ecosystem based on user-controlled software that allows businesses and freelancers to obtain goods without any hassle and without third parties in between.
How does it work?
Any user can access it. Within the Tiara ecosystem, the user will be able to create and display their artwork or buy the artwork of others. Artwork can be collected by purchasing it with BNB and TTI tokens. By being implemented on the Binance Smart Chain platform, buyers and sellers can transact collectibles at very low costs.
In addition to buying and selling NFTs, the platform offers intellectual property (IP) rights through proof of provenance.
- Valued authors: Tiara implements a feature that will pay the author a percentage every time their NFT is sold or changes hands.
- Flexible royalties: Linked to the above, whenever you create a collectible, you can set a certain percentage as royalties for secondary sales.
- Reward when using the Tiara marketplace: owning TTI tokens gives you access to all Tiara services.
- Participate in the Airdrop: 5% of the total TTI supply is distributed to everyone.
- Coinage, exchange, and auction functions: 100% complete ecosystem of NFTs in the Binance Smart Chain, low-fees marketplace.
- Verified creators: all Tiara NFT artists are fully validated in order to assure the reliability of the ecosystem.
The project gives the opportunity to earn TTI tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5337585.0), where you can access the link in order to see what are the conditions to become an early Tiara contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://tiaranft.com/white-paper/). You can also stay tuned to their official Telegram Channel (https://t.me/Tiaranft). I hope you liked the post and soon I’ll send you new ones.
TTI is the native governance token of the Tiara NFT marketplace, created under the BEP-20 protocol within the Binance Smart Chain network. The token will be for utility use as well, with the idea that it will be used to buy and sell NFTs within the Tiara ecosystem. Later on, a voting system will be designed by which TTI holder users will be able to vote for a collection or product.
Network: Binance Smart Chain
Total supply: 80,000,000 TTI
- Assemble team
- Design and development
- Platform alpha release
- Basic governance functionality added
- Planning for future use cases
- Build tools for Tiara
- Beta version of the platform
- Affiliate system
- TTI token development
- Platform security and Smart contracts audits
- NFT minting platform
- Additional NFT mining functions
- Continued development of NFT minting platform
- Testnet Launch
- Launch Dashboard
- Involve governance proposals, votes, and action items
- Internal Mainnet
Social Media Links
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Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum wallet: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad
$TTI #Tiaranft #NFT #TTI #BinanceSmartChain #marketplace
Tiara: Create, sell or collect digital items secured with Blockchain was originally published in DataDrivenInvestor on Medium, where people are continuing the conversation by highlighting and responding to this story.