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Non fungible tokens (NFTs) are an emerging asset class that has garnered tremendous notoriety and adoption. While their utilization has been limited to digital goods, Monaco Market seeks to create a bridge to real-world investment-grade goods. Using CollectCoin (CLCT), individuals will be able to purchase, hold, and sell NFTs and their accompanying physical tokens without needing to take physical possession of the item. They may also redeem the NFT to receive the physical token.
Collectors have been encumbered by ever-increasing marketplace fees that have limited their ability to speculate. By charging a fee of 1.5%, sellers will be empowered to offer their collections without the hindrance of exorbitant fees. Fees collected by Monaco Market are split into 3 parts:
0.5% will be rewarded to all active CLCT holders, democratizing the marketplace.
0.5% will be held by Monaco Market for operations and marketing.
0.5% will be burned creating a deflationary mechanism.
Curated sellers must be whitelisted to sell on Monaco Market. Tokenization of the physical goods is facilitated by Monaco Market to ensure accurate depictions and descriptions. CLCT and the NFT are exchanged simultaneously creating a trustless, fraud-free experience.
Monaco Market will provide an offramp for individuals looking to diversify their digital investment portfolios with traditional art, memorabilia, fine jewelry, and other investment-grade goods.
Due to the lack of maturity and hyper volatility, investors may seek to transition away from NFTs exclusively with digital tokens. Existing markets for speculative physical goods have provided significant returns without the extraordinary downside risk that digital NFT markets present.
View Monaco Market LinkedIn Page:
https://www.linkedin.com/company/monaco-market
Company Details
- Industry
- Technology, Information And Internet
- Website
- http://www.skylight.solutions
- Keywords
- Grand Cayman.
Skylight Solutions Inc. Questions
Skylight Solutions Inc.'s website is http://www.skylight.solutions
Skylight Solutions Inc.'s LinkedIn profile is https://www.linkedin.com/company/skylight-solutions-company
Skylight Solutions Inc.'s industry is
Technology, Information and Internet
Skylight Solutions Inc.'s top competitors are
Lexit,
Atfs Lab,
Coingeography News,
Propertize Ventures,
Tradeleaf,
Qpay Inc Philippines,
Synersage,
Skylight,
Ajl Ventures, L.l.c.,
Kaas.finance – Stablecoin Infrastructure For Banks & Fintechs.
Skylight Solutions Inc.'s categories are Technology, Information and Internet
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