Algogems, launched by a Lyon-based start-up, has entered the non-fungible token (NFT) market with a simple solution for the public and professionals alike. It lets users easily buy and sell NFTs, which are unique digital assets traded using cryptocurrency and that guarantee ownership of a digital object (e.g., a photo).
The algogems.fr site gives the public access to NFT technology, because everyone can create an NFT as easily as a social media post!
Algogems is one of the cheapest NFT websites on the market:
- Free registration for sellers and buyers
- Free NFT certification
- Free content upload
- No cost to the buyer
Websites like BlogBMW.fr and L’Agenda de l’Automobile have chosen Algogems to sell their NFTs. Contests and events provide opportunities to engage and attract communities under various themes. Algogems provides a design and sharing service that values content creators.
Recommended AI News: proteanTecs Expands into Mobile and Boosts Management to Accommodate Growth
Investors attracted to source code and carbon-negative approach
ALGOGEMS uses the ALGORAND blockchain because “it’s a public blockchain that works on the proof-of-stake model, which reduces power consumption to almost zero,” explains Silvio Micali, founder of Algorand.
ALGOGEMS is not based on an existing engine; its own developers have coded the platform. The start-up therefore owns its source code, which reassures investors, who have already invested $1 million by purchasing GEMS as part of the initial coin offering (ICO), which wrapped up successfully in mid-September 2021.
Financial support for Algogems comes from a grant by the Algorand Foundation and an investment from Borderless Capital.
Recommended AI News: Cryptocurrency Mining in Bitcoin Hits All Time High
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.