Tokyo, Japan, March 17, 2022 (GLOBE NEWSWIRE)-NFT enthusiasm has grown stronger since NFT was selected as the hottest keyword last year in 2021. These trends indicate that NFTs can become an important paradigm changer, not just a fad.
To date, most transactions in human history have been made on real assets. There have been some digital file transactions recently, but this market is very small. The reason is that the files can be easily duplicated. But now that NFTs are possible, we are in an era where we can trade all intellectual and digital assets on the Internet.
NFTs can be defined as “digital assets” in a nutshell. To trade these digital assets, you need a blockchain highway to create and move NFT assets. So far, blockchain highways have been Bitcoin, Ethereum, etc. Cryptocurrencies were traded on this freeway, like trucks, cars and vans running on this freeway.
NFT transactions also traveled using a highway called Ethereum, but the traffic was too heavy and too slow. There they realized that they needed a new highway for NFT transportation.
To this end, some companies will place new highways next to the Ethereum highways, called side chains or, in some cases, layer 2 chains. Typical highways created for the main purpose of the NFT movement are starnets and polygons.
Polygon was created by an Indian developer and currently processes 5 million NFTs per day. We are also attracting large investments and securing new technology startups for development. Polygon has the advantages of high processing speed and low NFT generation cost.
The biggest problem with these polygons is that they don’t provide a distributed server. If you want to create an NFT using polygons and execute transactions, you need to contract the server separately. Individual contracting for IPFS, which is often used by blockchain users, requires separate research and costs 20 times more than Google Drive. These blockchain servers are mainly run by less stable SMEs, and when these companies disappear, they disappear together as a valuable NFT.
Starnet is an OS that has emerged as a mainnet dedicated to NFT while solving these problems related to polygons. First, you can see that the processing speed is 2.5 times that of polygons. In addition, Starnet provides a blockchain server by default, so you don’t need to create a separate blockchain server. In addition, the servers are distributed and stored together in AWS, Microsoft’s Azure, and Google Drive, so NFT work is permanently stored unless the three companies disappear at the same time. The price of the server is also 1/3 of the price of other blockchain servers. Starnet has many advantages, but the size of the company is still small compared to Polygon.
Currently, the biggest problem with NFTs is the fraudulent act of selling someone else’s work on the Internet as an NFT instead of your own. Star Net is a fraud prevention engine that provides duplicate image filtering services.
The mainnet called Flow is taking on a new challenge to NFT conversion, but it seems to have compatibility issues. To use Flow, you need to learn and create a language called Cadence, but it doesn’t seem easy for developers to learn a new language to use Flow. Also, even if you write in this language, the services that can be provided are quite limited. Many functions can be implemented in a language called Solidity that is already used on the blockchain, but it seems that learning a new language with only a limited number of functions is not easy.
It is difficult to predict which new platform will dominate the market, but new platforms for NFT digital asset trading are emerging rapidly. It seems certain that it will evolve.
For more information, please visit https://www.starnetnft.com/.
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