NFTNARA
NFTNARA aims to create a creator and supporter-centered autonomous participating community-type NFT protocol economy through the NFT marketplace and fair token economy on the blockchain.
We enable fair profit sharing as an autonomous organization (DAO) and S2E (social media to earn), and anyone can be compensated with a fair value commensurate with the popularity and value of their content as much as anyone participates as a content creator and buyer and puts their time and effort into it.
Mission
Creators and buyers who create and upload NFT content, sponsors who promote and advertise NFTs through social media, NFT labs planning and producing new NFTs, curators who add value to NFT works, investors who contribute to maintaining and increasing value the NARA token by staking it to NFTs, and brands that provide various additional services and benefits related to NFTs are key contributors to the development of the NFTNARA ecosystem.
Each contributor participates as an active player in the three-sided economy consisting of suppliers, buyers, and crypto-financial side under a decentralized economic system and rewarded fairly for their participation based on an autonomous and democratically autonomous organization (DAO) and governance.
We support secure NFT transaction and storage service through in-house developed Web3.0 public blockchain, DID-based data encryption, and signature and verification using DID. We want to continue to overcome systemic limitations through AI and machine learning technologies and tools.
Values
Blockchain technology and the elimination of intermediaries increase the transparency of the entire NFT industry through decentralization. The benefits of transparency serve as the basis for evenly and fairly distributing profits to content creators, users, supporters, and sponsors.
Through the ecosystem, users are transformed from simple participants to central participants, and more actively contribute to the development of the NFTNARA community. For example, they actively contribute to community development activities by participating in item creation and generation, trading, auctions, voting, suggestions, social media, comments, sponsorship and word-of-mouth promotion, and advertising.
Mainnet
NFTNARA mainNet – LEDGIS – Next-Generation Decentralized Blockchain Platform
NFTNARA is based on the LEDGIS mainnet. SI (Self Sovereign Identity) blockchain service platform, supports DApps, supports 3,000 TPS, supports sophisticated token economies, DID (Distributed Identity Authentication), IDH (Decentralized Data Encryption Storage/Sharing), Dposs Consensus Algorithm
NFTNARA implements a technology that blocks NFT hacking and guarantees safe content storage.
Business
NFTNARA Marketplace Service and Revenue Model
The NFTNARA business model is mainly composed of three transaction models and the Defi service available in the future.
NFTNARA transaction flow chart
NFTNARA Decentralized NFT Exchange Platform (DEX)
NFTNARA supports decentralized NFT transactions that enable P2P transactions.
NFTNARA Marketplace, Decentralized Service Platform
NFTNARA supports primary market transactions (transactions between creators and buyers), secondary market (P2P) transactions, split (NFT fragments) transactions, and Defi (Decentralized Financial Services).
Platform
LEDGIS public chain, the mainNet used by NFTNARA, can achieve scalability and cost savings by interworking with other mainNets.
NFTNARA provides high security through DID/IDH technology and uses it to provide digital proof of ownership and access to digital content.
Token Economy
To use NFTNARA's services, you must go through the registration process using the wallet web and app (iOS and Android). You will be required to enter additional information to meet global KYC and AML regulations, and regulations may restrict access to some users during the registration process.
Team
Founder
Min Jang
(Currently)
Adjunct Professor, POSTECH
BILIBIT Co., Ltd.
ChainToB, POSTECH,
Machine Learning
Advisor
HyeongJung Kim
(Currently)
Collaboration Professor,
Korea University
Chairman,
Korea FinTech Academic
Society
(Currently)
Standing advisor,
Blockchain Today
Mingon Kwak
(Currently)
Professor, Hanyang University
(Previously)
AI Strategy Officer,
SK Smart Factory
Doctor of Big Data/AI,
Seoul National University
Giyeol Bae
(Currently)
President, Korean Academic
Agency of Convergence
Technology
(Currently) Director,
Trabaum Changei Art Center
Sangkwon Jeon
(Currently)
Vice Chairman,
Korea Blockchain Startup
Association
(Currently)
Vice Chairman,
Korea Information Processing
Society
Suho Jeong
(Currently)
Representative Lawyer,
Law Firm Renaissance
(Currently)
Full member,
Korea Blockchain
& Law Society
Myeongguk Kim
Actor
(Currently)
Professor, Musical Major,
Department of
Practical Music,
Hanywang Women’s College
Seokjun Cho
(Formerly)
Administrator,
Korea Meteorological
Administration
Atmospheric Science,
Seoul National University
Roadmap
Partners
CI.BI
