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NFT (NSTA-602)

01NFT Standard Protocol “NSTA-602”

Having completed the development of “NSTA-602 (NFT Standard Token Agreement-602)”, a NFT (non-fungible token) standard protocol, which is a non-fungible token in the SGMCHAIN network, we are building/providing services using it.

By using “NSTA-602”, you can create and trade NFTs for digital or physical assets on the SGMCHAIN Mainnet of 300,000 TPS. Even a large amount of NFT transactions can be processed without network burden, enabling transactions with low fees.

What is NFT?

A Non-Fungible Token (NFT) is a special type of token that represents unique assets. NFTs are tokens that can be used to represent ownership of unique items. This uniqueness of non-fungible tokens opens a new horizon for asset digitization because no one can modify ownership records or copy/paste new NFTs.

NFTs convert digital intangible content into assets. Therefore, digital creations have a certificate that can prove ownership of digital assets when digital photos, sound sources, games, etc. become NFTs. The owner of the digital asset, the name of the work, the name of the artist, and the link to the place where the work is stored are recorded in a digital ledger called the blockchain.

With incredible potential, this NFT token deserves a decent standard.
Using the standard of NFTs, the NSTA-602 standard protocol emerged to popularize NFTs!

02Features of NSTA-602

Safe security By strengthening the security of the existing DPoS method, it provides the high security of the DDPoS method.
Fast transaction processing speed The world's fastest Mainnet technology supports NFT's fast transaction processing speed.
Systematic infrastructure Do you want innovative NFT services?
SGMCHAIN provides a secure and robust NFT infrastructure.
Proof of ownership Using blockchain technology, the SGMCHAIN NFT token combines digital assets with SGMCHAIN's unique mark to prove ownership.
Global NFT Market NFT issuers can sell their NFTs anywhere and have access to the global NFT marketplace.
Transparent History SGMCHAIN NFT is transparently managed as a public record that allows anyone to easily check the owner through the Explorer.

03 NFT Market

The NFT Market Exchange based on the SGMCHAIN network supports various NFT transactions among users.
The NFT Market Exchange provides NFT solutions optimized for transaction convenience, economic feasibility as well as certainty to companies that attempt to perform NFT market services among DApps.
It also issues various contents such as works of art, artworks, music, games, and licenses to users as NFTs, allowing users to sell them and freely purchase them in the currency of their choice.