Overview

This page gives overview of NFT Industry and a brief introduction behind creation of Asvarium.

Abstract

The NFT market saw a rapid growth in 2021, with many art and collectible NFTs, reaching million-dollar valuations. Despite the hype and increased interest in NFTs, the market is still facing several challenges, including the lack of intrinsic value in NFTs, limited use beyond trading and investment, lack of monetization, high cost of entry, and the prevalence of scams and rugpulls. Additionally, there are no standardized processes or industry-specific best practices, making it difficult for non-technical individuals to understand and participate in the market. These challenges highlight the need for a solution that provides intrinsic value, real-world utility, and accessibility to a wider audience.

About

Asvarium is designed to unlock new ways of monetization through the renting of NFTs with unique utilities and enabling users from around the globe to access high quality NFT projects pegged to real-world utilities. The platform offers an intuitive rental mechanism that allows users to tap into the utility of NFTs, creating liquidity in the market and providing a new revenue stream for NFT enthusiasts.

For example, digital offerings of a specific metaverse that are locked with an in-game utility that allows gamers to access a new way of monetizing their time while enjoying storyline gameplay, as well as many other in-game utilities linked to NFTs. Asvarium's rental protocol has the potential to revolutionize ownership and access to high-value assets in various industries.

The upcoming launchpad will provide a secure and efficient platform for promising utility driven NFT projects to raise funds through intuitive payment gateways. The launchpad connects community investment with projects that will shape the future of the NFT space.