NexWEB Technologies Chooses Butterfly Protocol for Powering its Blockchain Domain-Based NFT Platform
- Written by ACN Newswire - Press Releases
US, Jul 20, 2021 - (ACN Newswire) - NexWEB Technologies, delivering technology innovation since 2012, is pushing into the decentralized and distributed web space by utilizing the Butterfly Protocol, the premiere community-driven blockchain domain provider. Building upon the open-source toolset that Butterfly provides, NexWEB will create additional tools to enable NFT (non-fungible token) marketplaces to be developed and deployed quickly.
Eddie Quiroz, Founder of NexWEB, stated that, "The world of the decentralized and distributed web has reached the tipping point of use as decentralized finance and markets around digital assets drive growth. The Butterfly Protocol provides NexWEB with a baseline for using a naming system that replaces traditional DNS for the centralized world of the internet. By using Butterfly, we can build a robust ecosystem of tools for this emerging space that allows developers to create rather than invent."
In addition to the bTLD, .nex, NexWEB has acquired .sandbox as a testing area for developers to expand on the provided toolsets. The. sandbox bTLD will be offered as a working space on the decentralized web and open for registered developers without a fee except for gas transaction costs.
The NEXW utility token will be used to access advanced tools and usage of services that require management and monitoring. It will also be used to acquire blockchain domains under NexWEB's premium domain services. In addition to the Ethereum blockchain, NexWEB will expand the toolset and access via other chains to create interoperability and efficient resource usage.
NFT platforms have increased over the past six months as owners of digital assets such as art and music race to put their works up for purchase or lease. NexWEB is creating the best-in-class set of tools to choose from for a fully contained system, including payment processing, digital water-marketing, fraud prevention, identity authentication, and more.
About NexWEB (https://NexWEB.com/)
NexWEB is an information technology firm that provides website and database application development, intranet/extranet solutions, eCommerce development, cloud computing services, mobile application development, and website maintenance services.
About Butterfly Protocol (https://www.butterflyprotocol.io/)
Butterfly Protocol is a decentralized autonomous organization (DAO) that aims to replace the Domain Name System (DNS) system and change the economics of domain ownership.
Source: PlatoData Intelligence https://zephyrnet.com/ (bit.ly/3hREFbp)
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Authors: ACN Newswire - Press Releases
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