The rise of NFTs and their widening applications in marketing, video games, the metaverse and as collectibles has given rise to several issues. As NFTs are becoming more popular, the infrastructure that creates (“mints”) them, posts them for sale and affects the final transfer has become slow and expensive at times.
Many of the NFT marketplaces, such as OpenSea, are based on the Ethereum (ETH) blockchain. While Ethereum is the most popular blockchain for building decentralized apps, its popularity has caused its blockchain network to become heavily congested — leading to slow processing times and high costs per transaction. Further, most NFT marketplaces take a percentage of an NFT sale’s profits, usually between 2.5% and 3%.
The key difference of Hoskinsea marketplace from other blockchain network is that it employs the cardano blockchain instead of Ethereum’s. Currently, Cardano offers several advantages that allow Hoskinsea to offer faster and cheaper NFT minting and transfers without commission fees. Cardano is capable of processing transactions a thousand times faster than Ethereum with far lower costs per transaction. Further, Cardano uses a more efficient “mining” process known as Proof of Stake (PoS) or Proof of History (PoH). Compared to Ethereum’s far more energy-intense Proof of Work (PoW) method, Cardano transactions are 99.9% more energy-efficient, using a fraction of the energy required to complete the same task.
These advantages, combined with the recent influx of funding, may see Hoskinsea growing to a dominant player in the NFT and Metaverse space. Hoskinsea intends to use the funds to expand the potential use cases for Cardano based NFTs, not only in the budding NFT-driven metaverse and video games, but also in real-world social applications. Either way, NFTs and blockchain-based technologies are only set to become a more mainstream part of our everyday lives.
Purposeful rich content: Hoskinsea long term goal is to give voice to the voiceless and represent the underrepresented creators. This is a positive sign when a project constantly makes their work impactful and purpose driven.
$HSK is the utility token used to power the Hoskinsea Ecosystem. $HSK will serve as a community governance system for holders of the token on proposed features and developments to be implemented on the platform. Additionally, its utility will range from NFT swap fees, facilitate NFT transaction, Featured NFT listing, NFT farming and more.
$HSK Private Sale Details
Allocation: Private Sale allocation is 10% (100,000,000) HSK tokens
1 ADA = 100 HSK Token
Minimum Buy: 200 ADA
Maximum Buy: 20,000 ADA
Early participants can purchase in HSK token private sale and become early holders of HSK tokens – https://sale.hoskinsea.io/
Hoskinsea aims to be the biggest NFT Marketplace as they are on mission to bring constant innovation and create solutions necessary to tap into the limitless potential of the NFT ecosystem. Hoskinsea believes the NFT ecosystem is still in its early stages and have the right team to ensure we improve its scalability.
The Hoskinsea platform is set to release its Demo NFT Marketplace in the next days which will give an interactive feeling of what its fully launched Marketplace will look like.
Hoskinsea projects to launch its fully functional Cross-Chain NFT platform on the Cardano blockchain by Q2 2022.
Hoskinsea Media Outlets:
News channel: https://t.me/hoskinseanews
Telegram group: http://t.me/hoskinsea
Mail: [email protected]
Reddit – https://www.reddit.com/r/Hoskinsea/
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