• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Bitcoin Soars to $21,500 On "Hated Rally," Is There Fuel To Keep Rising?
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Soars to $21,500 On "Hated Rally," Is There Fuel To Keep Rising?

A Review of Ekta

NewsBTC by NewsBTC
11 months ago
in Company News
Reading Time: 2 mins read
Advertisement

Ekta is one of the trending blockchain protocols that bridges the physical and digital worlds. Named EktaChain, the mainnet leverages the power of blockchain in its tokenization of real-world assets. Hence, EktaChain facilitates the representation of physical assets and their real-world value as virtual analogs.

In its operation, Ekta aims to offer users a platform to build a profitable and robust portfolio of real-world assets, but on-chain, and for all budgets and types of investors. Its mission to tokenize traditional businesses, natural resources and real-world capital provides both brands and individuals the opportunity to grow using their assets.

Ekta NFT Marketplace

Following through on its roadmap, Ekta will soon be launching its own NFT marketplace. Non-fungible tokens are an emerging technology that has exploded into a major industry in short order. It’s now one of the main tools for brand marketing, advertisement, funding, and other purposes. However, NFTs only have sustainable value when backed by real-world use cases and assets.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

Launched in August 2021, Ekta stands as one of the most focused decentralized protocols to align blockchain with the physical world. It is preparing a unique and transparent self-developed NFT marketplace for NFT enthusiasts to explore that value asset-backed assets rather than only digital art as NFTs.

In line with its vision, Ekta will create a cross-chain NFT platform for trading, staking, and exchanging physical assets with digital assets representation. The Ekta NFT marketplace will serve as a bridge where NFT developers and owners of the physical assets interact with other brands and individuals through their virtual collections.

Ekta’s Vision for its NFT Marketplace

Ekta’s mission is to bridge blockchain to the physical world and spearhead mass-market adoption. The protocol aims to achieve this goal by creating platforms that deliver real-world utility and benefit to people and communities that are not yet on-chain. In doing so, Ekta will fulfill its vision of creating profit with purpose through its NFT marketplace.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Here are some of the physical assets that could be represented as NFTs.

  • Real estate
  • Verified Carbon Units (VCU)
  • Equity in startup companies

Generally, users will be enabled to tokenize different assets on Ekta, which range from properties to utilities irrespective of the location globally.

Moreover, Ekta supports project development that targets different industries such as smart tech, clean tech, alternative medicines, ocean start-ups, aquaponics, and permaculture.

The overall functionality of the Ekta ecosystem includes some features already launched like its own blockchain explorer (ektascan.io), its own bridge (bridge.ekta.io); and soon-to-launch platforms like the Ekta NFT marketplace, Ekta’s Hybrid Exchange (HYBEX), and Ekta Wallet. With all the available tools and functionality of Ekta’s blockchain mainnet, the protocol’s ecosystem empowers different partners and projects the right platform for development and profitability.

Is Ekta Safe?

Though EKTA tokens are non-mineable currencies, you cannot mine any new tokens from other sources as the mainnet already has pre-mined tokens. It entails that EKTA’s digital currency is not completely decentralized which poses a security concern. Given that, Ekta saves loads of energy due to its pre-mined token. However, users new to Ekta World should consider taking all the security measures, for instance, two-step authentication.

Why Should You Choose Ekta?

The best thing about Ekta that appeals to new users is the access to real-world assets. For instance, you can buy land and real estate in Indonesia through Ekta’s NFT Marketplace. In fact, the carbon footprint of Ekta is less than others because it has pre-mined digital tokens.

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

Litecoin Whale Transactions Set New 2023 High, Bullish Signal?

4 days ago
7 Crypto Predictions for 2023

7 Crypto Predictions for 2023

4 days ago
DeFi

Could LSD Fiends Power the Next DeFi Gold Rush?

5 days ago
With Interest Rate Hikes Slowing Pace, Which Cryptos are Worth Buying? BTC, ETH, AXS, & MEMAG

With Interest Rate Hikes Slowing Pace, Which Cryptos are Worth Buying? BTC, ETH, AXS, & MEMAG

5 days ago
Blockchain Evolution: How Savannah is Powering the Web3 Growth in Africa

Blockchain Evolution: How Savannah is Powering the Web3 Growth in Africa

6 days ago
Meta Masters Guild Hits $1M in Pre-sale: Learn All About This Web3 Mobile Gaming Guild

Meta Masters Guild Hits $1M in Pre-sale: Learn All About This Web3 Mobile Gaming Guild

6 days ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

“Gold has been the best performing investment asset over the last two decades”: an interview with Easygold

January 30, 2023

The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC) and Orbeon Protocol (ORBN)

January 30, 2023

Polygon (MATIC) and Fantom (FTM) Are Losing Favor With Investors As They Turn To Snowfall Protocol (SNW) For 1000x Potential Gains!

January 30, 2023

Tezos (XTZ) shares its 12th protocol upgrade, Twitch Co-Founder’s Gaming NFT Marketplace Expands to Polygon (MATIC) Network while Snowfall Protocol (SNW) Breaks Record Highs

January 30, 2023

Snowfall Protocol Investors Happy After the Release of Snowfall DEX, Twitch Co-Founder’s Solana Gaming Platform Fractal Expands to Polygon, And Majority of Dogecoin Holders Are in Profits Despite the Meme Coin Being Down 87% From Its 2021 ATH

January 30, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.