RealCollection, an Art-based NFT Market Launches
2022.04.14 18:11
According to a recent press release, LEDGIS—a mainnet project—has officially announced the launch of RealCollection, an art-based NFT market and one of the former’s decentralized applications [DApps]. This launch is made possible by the beta closing scheduled for April 18th.
What is RealCollection?
Ideally, RealCollection is a marketplace designed expressly for trading all original physical work NFTs. Since its opening, New York East Village artworks—-a movement started in Manhattan, New York, focusing on graffiti art—are mainly featured. The idea behind the feature of these artworks from the streets of New York is all part of a marketing strategy to display and convert the works of world-class artists into NFTs, thus creating a sustainable and stable growth path.
While the famous East village gradually became a slum, no thanks to reckless gentrification and lack of suitable development plans, it became a natural center for anti-establishment culture and a ground for discussing social issues bordering sexuality, AIDS, race, drugs, poverty, crime, etc.
The New York East Village, not surprisingly, gave birth to renowned artists like Jean-Michel Basquiat, also called “The Black Picasso,” Keith Harring, Jane Dickson, and James Romberger. According to the press release, fourteen artworks from the East Village artists mentioned will be tokenized and subsequently put up for auction.
Authenticity and Security of NFTs
Prioritizing authenticity, which has become a significant issue in the burgeoning NFT space, RealCollection has taken salient measures like signing a contract validating the trustworthiness of these NFTs. Additionally, autographs of these artists are on the blockchain, and this further helps to cement the authenticity, validity, and ethical nature of these non-fungible tokens.
Taking things up a notch, LEDGIS, the platform RealCollection is based on, has taken a step further to guarantee security. LEDGIS leverages decentralized technology on par with international standards to ensure security management. And unlike Ethereum, the premier DApp network, LEDGIS does not charge a network fee, guarantees faster transaction throughput and remarkably cheaper transactions.
In response to regulatory issues in Korea, RealCollection currently targets the overseas market, and the listing of $LED—LEDGIS’ native token—on BitMart Exchange will facilitate this ambitious yet viable move. In addition, RealCollection has linked to PayPal (NASDAQ:PYPL) and the LEDGIS wallet, along with a host of English payment services.
When juxtaposed with other larger NFT projects operating in Korea, the adoption and integration of diverse payment systems will prepare RealCollection for the foreign market. Also, it will help dispel the existing entry barrier, especially for Korean-based projects.
Still, it will also solidify RealCollection’s stance as a futuristic project.
In addition to the aggressive marketing campaign targeting the overseas market, RealCollection recently held an NFT airdrop which saw over one thousand NFTs distributed. Tagged a success by the team, the event managed to draw over 40,000 people, achieving its primary goal—creating visibility and awareness.
As the underlying platform behind RealCollection, LEDGIS provides an impressive blockchain infrastructure and services ranging from NFT issuance to DiD, connecting wallets, and its recently launched product, RealCollection.
“In addition to building multiple NFT markets, we are strengthening our own mainnet-based DApp ecosystem, part of which was launching the DeFi protocol Lemonade last March,” the LEDGIS team.
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