What is NFTY Network (NFTY)? Overview of the NFTY Network project

• NFTY Network (NFTY) Overview
• What is NFTY Network (NFTY)?
• Web 2.0 Current User Management Issues
• NFTY's solutions
• Core product of NFTY Network
• Outstanding features of the NFTY Network project
• NFTY Network's development roadmap
• Project team, investors of NFTY Network
• Information about funding rounds of the NFTY Network project
• What are NFTY tokens?
• Functions of the NFTY . token
• General information about the NFTY . token
• NFTY . Token Allocation
• How to earn and own NFTY . tokens
• summary

NFTY Network (NFTY) Overview

What is NFTY Network (NFTY)?

NFTY Network is a Web 3.0 authentication layer that uses NFTs or replaceable assets as the means of identity authentication. By leveraging the features of NFT and blockchain technology, NFTY provides the most simple, secure, decentralized, cost-effective identity authentication solutions for companies, content platforms and publishers. creative.

Web 2.0 Current User Management Issues

• User information and data security issues

Currently, in order to use and access applications, platforms, websites, etc. on the internet, users must create an account and provide a large amount of personal information to authenticate their identity. This information will be stored centrally at the servers of those applications and websites. This will affect the privacy and data security of users as well as create significant liability for the company.

• Unique account authentication

Sharing account logins has a negative impact on the revenue of companies, platforms, creators… For example, Netflix estimates they lose $6 billion a year from users sharing accounts. own with others. 

NFTY's solutions

The goal of NFTY Network is to provide completely new user authentication solutions using the power of blockchain technology. This both enhances the user experience and helps secure customer personal information when they only need to own NFT instead of traditional login accounts as at present. NTFY's main solutions include:

• Access to Earn Platform

Users can access many applications, products, content... on both Web 2.0 and Web 3.0 by owning NFTs. NFTY's user authentication mechanism allows you to get valuable rewards from companies, platforms, communities and applications just by storing their NFTs and tokens.

• NFT is a primary means of authentication

Given the unique and irreplaceable characteristics of NFTs, they can be used as a means of user authentication and verification. By this authentication, no data or user information will be revealed, stolen or distributed.

• Decentralized information storage

NFTY Network does not store any user's personal information. NFTY leverages the infrastructure of blockchains for transparent, decentralized data storage and minimizes user identity data management costs.

Core product of NFTY Network

• NFTYLabs

NFTYLabs was founded in 2020 and is at the forefront of providing NFT solutions to a wide range of customers in both B2C and B2B fields. NFTYLabs uses Web 3.0 technology to monitor, secure, distribute events, applications, images, content ... of companies, online content platforms, creators provided on NFTY Network.

• NFTYLaunch

NFTYLaunch is a brand new NFT launchpad created with the goal of making new NFT projects easily accessible to more users through the utilities and applications of the NFTY ecosystem. With NFTY Launch, users can easily create contracts, minting, marketing and selling publicly for their projects on two platforms, ETH and BSC.

• NFTYConnect

NFTYConnect is an authentication tool that helps companies, platforms, and creators manage and protect their products and content. Companies, platforms, and innovators will create Gate tokens and choose which NFT to use to verify access to the protected, managed products and applications behind NFTYConnect.

• NFTY Link

NFTY Link is a tool that supports the process of using NFT to verify a user's identity. It also allows content access through Web3's login methods. NFTY Link uses distributed blockchains to secure users' data as they connect to different applications and platforms.

Outstanding features of the NFTY Network project

• NFTYLink 

NFTYLink is the process of using NFTs to verify user identity before accessing and using content and products on NFTY Network. NFTYLink allows users to use NFT signatures to access products and content through Web 3.0 login methods such as MetaMask , WalletConnect, Ledger, etc. This new login form changes the traditional way of creating accounts. and help protect users' personal data. Companies and platforms will no longer have to store user information and data, thereby reducing operating and legal costs and limiting cyber attacks.

NFTYLink uses the security and transparency of the blockchain to access and check users' wallet balances to determine if they have the NFTs required for authentication. You will need to hold the NFT required by the creator in order to be granted access to their products, content, etc.

• All-In-One NFT Ownership (All-In-One NFT Ownership)

NFTY Network provides a comprehensive, cross-chain platform that helps users with just one NFT to easily access content, applications, Web 3.0, etc. in many different blockchain networks.

• Sign in once

NFTY Network also provides users with a feature that only needs to be logged in once to access and use all applications, websites, etc., operating in their ecosystem.

Some of the benefits of Web 3.0 single sign-on include:

• Synchronize data quickly across different blockchains
• Easy access to third-party Gate tokens
• User's identity will be displayed, tracked as a pseudonym
• Payment optimization, transaction processing speed
• Multi-chain NFT

• Token Gate

Token Gate is a mechanism to manage and protect products and content for companies and creators created at NFTYConnect. As noted above, users and fans will need to provide ownership of the NFT that the Gate token requires in order to be able to verify and access protected products and content posted after NFTYConnect.

NFTY Network's development roadmap

Q4 2021: NFTY Network completes and launches mobile apps for iOS and Android. The project will connect the network with blockchains such as Astar Network, Digital Bits, Shiden Network, Solana and the NFT Data Dashboard platform.

Q1 2022: NFTY Network updates software and applications to support multi-languages. The project connects the network with the blockchain of Flow and Polkadot and the Spotify, Twitch, WordPress platforms. In addition, the project will develop and provide services aimed at professional sports.

Q2 2022: NFTY Network develops storage wallet utility. The project connects the network with Cosmos and develops and provides services towards fields such as fashion, education, entertainment, tourism...

Project team, investors of NFTY Network

• Project team

James Lawrence – CEO : James Lawrence has more than 5 years of experience related to the blockchain industry as well as a wealth of business knowledge. His Twitter is followed by big figures such as CZ (CEO of Binance), SBF (CEO of FTX)... proving his ability is highly appreciated in this market. 

Ty Blackard – COO : He has more than 3 years of experience in building crypto-related products. Ty Blackard served as the CEO and head of business development for the FomoHunt project. Before that, he also regularly shared information and knowledge for people about cryptocurrencies and blockchain technology through the name Crypto Tytan on YouTube and Twitter.

Kevin Caffery – CTO: Kevin Caffery is an engineer in the blockchain industry with 3 years of experience developing Web 3.0 technology. Kevin is also the first person to develop an authentication product for the NFTY Network protocol.

• Investors

Currently, NFTY Network has not announced information about investors in its project.

Information about funding rounds of the NFTY Network project

The NFTY Network project has raised capital in the form of IAO through 3 different platforms. IAO stands for Initial Airdrop Offering. IAO also works in a similar way to IFO, but it is more flexible in how the initial token is allocated. 

Primary Offering 

• Website to register for sale: https://apeswap.finance/iao
• Time: 12.00 on September 30, 2021
• Price: 0.0125 USD
• Quantity sold: 57,200,000 NFTY
• Locking period: 25% unlocked from the beginning, the remaining 75% will be released in 3 months after that.

Secondary Offering

• Website for sale registration: https://apeswap.finance/gnana
• Time: 12.00 on September 30, 2021
• Price: 0.0125 USD
• Quantity sold: 30,800,000 NFTY
• Locking period: 25% unlocked from the beginning, the remaining 75% will be released in 3 months after that.

Tertiary Offering 

• Website for sale registration: https://samurai.cyberfi.tech/projects?type=launch
• Time: 12.00 on September 30, 2021
• Price: 0.0125 USD
• Quantity sold: 32,000,000 NFTY
• Locking period: 25% unlocked from the beginning, the remaining 75% will be released in 3 months after that.

What are NFTY tokens?

Functions of the NFTY . token

NFTY is the official token of the NFTY Network ecosystem and is used for the following functions:

• Governance : NFTY token holders are entitled to vote and express their opinions to guide products and features in the project's ecosystem.
• Means of payment : People can use NFTY tokens to pay for transaction costs, the cost of using functions in the NFTY Network ecosystem. 
• Staking : Users can stake their NFTY tokens for additional rewards.

General information about the NFTY . token

• Token Name: NFTY Network
• Ticker: NFTY
• Blockchain: Ethereum, Binance Smart Chain
• Token Standard: ERC-20, BEP-20
• Token Type: Utility, Governance
• Contract ETH: 0xe1d7c…53208 
• Contract BSC: 0x5774b…65982
• Maximum total supply: 1,456,240,353 NFTY
• Current total circulating supply: 130,000,000 NFTY

NFTY . Token Allocation

With a total supply of 1,456,240,353, NFTY is allocated as follows:

• Team: 18.2% (256,035,744 NFTY), these tokens will be distributed within 60 months.
• Ecosystem Reward: 16% (232,998.456 NFTY), this token will be distributed within 36 months
• Advisors: 3% (43,687,211 NFTY), this token will be distributed within 36 months
• Foundation DAO: 45.5% (662,589,361 NFTY), these tokens will be distributed within 60 months
• Private: 6.65% (96,833,334 NFTY), this token will be distributed within 21 months
• Public: 10.5% (153,500,000 NFTY), this token will be distributed within 4 months
• Initial Staking Reward: 3.37% (49,100,000 NFTY)
• Initial DEX Liquidity: 1.37% (20,000,000 NFTY)

How to earn and own NFTY . tokens

When participating in the ecosystem of NFTY Network, users can do the following 3 ways to own NFTY tokens.

• Trade NFT on the NFTY Network Ecosystem

Users can get NFTY from royalties after completing NFT sale on NFTYConnect marketplace.

• Staking

In Q1 2021, early backers of the NFTY platform were included in the purchase of 450 NFTYLabs Access Pass. Users can stake these Passes or their NFTY tokens to receive rewards. NFTYLabs may also airdrop NFTY to the community through ecosystem rewards.

• Participate in advanced features

Users will be rewarded with NFTY through many different and unlimited means, such as referring friends to use the NFTY ecosystem, providing feedback on product features or bugs, etc.

In addition, you can also buy NFTY tokens directly on cryptocurrency exchanges such as ApeSwap, Uniswap, Gate.io.

You can refer to the project's community at:

Website | Discord | Twitter | Medium | Telegram

summary

Above are detailed information about the NFTY Network project and the NFTY token. Before the explosion and development of NFT, blockchain and Web 3.0, NFTY Network promises to be one of the leading projects in creating applications and utilities based on these new technologies. Through Gate tokens, single sign-on capabilities, and cross-chain interaction, NFTY Network provides Web 3.0 tools that help users easily manage traffic, exchange goods, manage identities, and products. , applications, communities... with high security and optimal maintenance and use costs.

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