NFT platform presentation
Since 2010, GenesisBlock has been developing software, implementing payment systems, software and web solutions for e-commerce and blockchain solutions for business. We are one of the leaders in the Russian market of software development for electronic payment systems and payment terminals for self-service, processing and acquiring.
The company’s software solution is used in more than 20,000 selfservice payment terminals, pos-terminals and smartphones in Russia, Saudi Arabia, the United Arab Emirates, Spain, and Turkmenistan. Since 2016, we have been engaged in R&D in the field of blockchain technologies and provide services in the field of consulting and development of blockchain projects.
The quality of our services is confirmed by international ISO certification. We are a member of the Russian Software Association NP RUSSOFT. Genesis Block is a regular main sponsor and speaker at international banking and financial conferences IFIN and WBA. Accredited IT company of the Ministry of Communications. We are a member of RACIB (Russian Association of Cryptocurrencies and Blockchain). Since 2020, Genesis Block has been hosting its own author’s program on PROBUSINESS television channel. We are an authorized official integrator of the largest BPM /CRM system Terrasoft.
Genesis Block’ team consists of more than 15 professionals in various fields of finance and technology. Graduates of leading educational institutions, they have an extensive experience in developing the most complex IT projects and solutions.
Many of them have more than 10+ years of experience working in large technology companies, banks, software development companies, such as iTroika Dialog Investment, Sberbank, Alfa Bank, Anarion, Tsifrograd, Cyberplat, Flexsoft, QIWI, W1, various blockchain and crypto projects.
That’s why we can help you to create projects of the highest quality level. By entrusting us with the development and support of your project, you trust the most valuable things that our team can give — experience and knowledge.
The annual volume of the NFT market is $ 760 million*
* — according https://arttactic.com/
NFT token (non-fungible token) is a unique digital certificate that is stored in the blockchain, guarantees the originality of the item and gives an exclusive rights to it.
Non-fungible token cannot be imperceptibly substituted, divided, replaced. The system is suitable for securing the rights to a unique object – a work of art, real estate, etc.
Each entry in the blockchain is called a token. In an open blockchain all tokens are like coins of the same monetary value, equal and interchangeable. A non-fungible token is a digital coin that cannot be replaced with another token without changing the value and essence of the object.
NFT can be called a digital certificate, which records information about who created it, how much it was sold for and who owns it now. As soon as the token is sold, this transaction is immediately reflected in the blockchain. The entry in the blockchain about NFT looks something like this: the first block is the publication of the token, the second block is the sale and the name of the new owner.
Since the blockchain is quite difficult to hack, the history of all its operations remains not on one hard disk, but on the computer of each participant — NFT can be considered as a fairly reliable way to store digital objects.
Music, images, text, videos, 3D models – any digital product that claims to be unique. Collectors, as well as artists and art lovers pay special attention to NFT.
The record was the sale of the painting «Everydays: The First 5000 Days» by artist Mike Winkelmann (known as Beeple). A JPG file consisting of all the images that the artist drew daily for five thousand days was sold for $69.3 million. Winkelmann’s painting became the first NFT work sold in the history of the Christie’s auction house.
This March, investor Ivan Malpika issued a token tied to a 50% stake in a residential building in the American city of St. Louis, Missouri. This nonfungible token, the first in the real estate industry, was put up for sale for $91,000.
The NFT format allows you to create a unique digital signature to an object that cannot be forged or changed thanks to the blockchain. But like any new technology, NFT has its pros and cons.
The ability to create and distribute unique content
Using technology for various business areas
Convenience of issuing and placing tokens
Ease of transaction
Availability for aspiring talents
The complexity of storing digital object data
Using technology for shadow financial transactions
High probability of digital forgeries
The lack of connection of a digital artifact in the form of a graphic object with its blockchain token
Legal uncertainty
For most market participants, NFTs are associated with ETH, and this is a crypto market that does not have legal certainty. The Central Banks and law enforcement agencies have a strictly prohibitive position!
a legal platform for working with digital assets within the framework of Russian laws
entering the regulatory Blockchain sandbox
we register an Information system operator with the Central Bank
we are planning to obtain FSB licenses
the ability to pay for digital assets in Russian rubles (by cards, from an account, in the near future - in digital rubles)
lack of cryptocurrency
we have contractual and technological relations with NRIS
any2any's built-in trading mechanism: you can both exchange Nft artifacts and sell them in a stock glass for any other digital assets
In the ETH Blockchain, the path is closed for novice creators: commissions for the creation, modification, and auction of an Art object are hundreds of dollars!
In the Genesis Block blockchain, the commissions are 100 times lower!
Genesis Block is a green eco-friendly blockchain! Unlike the ETH blockchain, it does not consume the electricity of an entire continent.
