DUBAI, UAE / ACCESSWIRE / October 11, 2022 / The Benfa team is pleased to announce the release of a unique multi-platform decentralized NFT project.
About Benfa
Benfa is a multi-chain Non-Fungible Token (NFT) marketplace on the Main platform. The marketplace is designed for some credible projects that will add value to GameFi, the marketplace, and the entire Metaverse.
According to the Benfa team, its primary goal is to proffer a lasting solution to the price discovery challenge in the NFT market through its DA mechanism.
While highlighting the benefit of its price discovery mechanism, Benfa noted that “An efficient price discovery mechanism will enable participants to conduct transactions faster and increase liquidity through tokenization.”
The price discovery mechanism will ensure that different asset classes of NFTs such as NFTs, GameFi, NFTs, and a host of others can be profitably monetized.
Through these different projects, it hopes to give NFT holders a memorable user experience that will make the platform worthwhile for them.
Features
Exclusivity
Benfa will store files and data in augmented NFTs that are exclusively accessible to owners. Hence, users can retain their sole ownership of their data while creating exclusive content.
Zero Ownership
No one owns the contract as the team renounces it from the inception of the project. Thus, nobody is empowered to change the code and own it. The zero ownership is beneficial to the users’ community.
Scalability
By leveraging the Binance Smart Chain’s scalability feature on NFT alley, users can conduct NFT transactions effortlessly and smoothly. This will increase latency trade.
Royalty Incentivization
According to the Benfa team, creators will receive royalties whenever their works are recreated, thanks to the NFT smart contract incorporated into the platform.
With the smart contract, creators can swiftly and smoothly collaborate their works’ republishers. This will open an extra source of income for both parties and ensure that creators are adequately rewarded for their efforts.
The Benfa team also announced that the NFT marketplace project is a cross-chain project and will Launchpad token sales after two days on Pinksale.
Social Media
Website: http://www.benfa.io/
LinkedIn: http://linkedin.com/company/benfanet
Twitter: https://twitter.com/benfanetwork
GitHub: http://github.com/Benfanetwork
Telegram: @BenfaNetwork
Contact Details:
Name: Ben Jalilian
E-mail: [email protected]
SOURCE: Benfa
