NFT HovR Marketplace Officially Launched on QI

What is Qi blockchain?

Qi is a decentralized POW (Proof of work) blockchain with an application native currency which is leveraging functionality of creating fungible and non-fungible assets using Remote Procedure call (RPC) methods. 

Qi is able to handle 300 times more transactions per second than Bitcoin and 10 times more than SWIFT.

Qi has a wide range of functions. Besides being used as a digital currency called QIE, Qi blockchain can also process other financial transactions, execute smart contracts and store data for third-party applications.

HovR, a revolutionary project in the nascent NFT space, aims to offer a secondary market where players can conveniently sell in-game items. HovR also enables renting of these digital assets to other players.

As more and more players continue to enter the blockchain-based P2E gaming market, a new market and potential are open for tapping. And HovR positions itself as the perfect platform to lead this new industry, putting players back in the driver’s seat.

HovR has already launched a series of unique NFTs, including 10,000 of the largest cities by population. These NFTs will serve as a key component of the P2E game of world domination.

How does Qi blockchain technology work?

Qi enables the deployment of smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party.  Decentralized applications—also known as “dApps” or “dapps”—are digital applications that run on a blockchain network of computers instead of relying on a single computer.  Benefits of dApps include the safeguarding of user privacy, the lack of censorship, and the flexibility of development.  The use of blockchain enables a dApp to process data through distributed networks and to execute transactions.  Qi can be used for a wide variety of innovative applications in finance, web browsing, gaming, advertising, de-fi, identity management, web 3.0, metaverse and supply chain management all over the world.

How does HovR solve problems? 

Most existing NFT markets require high transaction fees, some ranging from $80 to over $250, to mint an NFT. Although a second blockchain layer serves as a suitable alternative, coin conversion is tedious and a technical nightmare for the average user.

The problems don’t end there. The existence and usage of a second layer blockchain diminish, to a greater level, the composability of the primary blockchain. It also opens up a host of security and privacy issues and eliminates liquidity.

HovR is based on Qi, one of the world’s most advanced blockchains. Using this network, HovR guarantees significantly lower fees and provides an ideal NFT marketplace for real-time use cases. HovR focuses on substantial NFT products such as in-game collectibles trading, Web 3.0 domain purchases, will custody, ticket sales, social media avatars and other NFTs with real value.

As the possibilities of NFTs are explored in various sectors, such as sports contracts, carbon credits, university degree verification, digital passports, medical records, etc., HovR aims to be at the forefront of this revolution, allowing users to seamlessly exchange one token for another.

About HovR NFT Marketplace

HovR is the first in-game NFT exchange across gaming projects. HovR leverages state-of-the-art Qi blockchain to provide a perfectly positioned secondary marketplace for the new phase of P2E gaming. Through a series of innovative features, HovR aims to put players back in the driver’s seat. Also HovR NFT Marketplace was the first NFT marketplace to successfully allow pdf file type NFTs.