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11/27/2021

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Verlux Is Redefining the NFT Ecosystem with their Cross-Chain Technology

Verlux is a fully decentralized cross-chain NFT Marketplace built on the Cardano blockchain, which offers opportunity for content creators and NFT enthusiasts to trade their NFTs on its platform.

Verlux Is Redefining the NFT Ecosystem with their Cross-Chain Technology

Verlux is a fully decentralized cross-chain NFT Marketplace built on the Cardano blockchain, which offers opportunity for content creators and NFT enthusiasts to trade their NFTs on its platform. The novel function of Verlux, is the ability it gives it users to be able to swap NFT from other blockchains to the Cardano Blockchain. Verlux proposes a Marketplace where its users will be able to mint and sell their NFTs seamlessly and effortlessly. 


Challenges faced and solutions from Verlux

Verlux understands the critical challenges which has significantly affected the NFT ecosystem creators and collectors inclusive. Users have suffered a limitation of single chain dependency to transact their NFT which brings enormous cost to them in charges such as high gas fees and transaction fees other plights include royalty matters, limited access, high entry barriers, low-quality NFT, among others. As a result, the Verlux project has come up with innovations which implements cutting edge technology to tackle those critical challenges.  

With Verlux, Users can boast of a marketplace that ensures smooth entry with minimal transaction costs, both buyers and sellers alike to be able to trade NFTs on its platform in the most secure and cost-effective manner possible. Building on the Cardano blockchain and utilizing its efficiency is the solution Verlux chooses in implementing this.  

The novel feature of Verlux will be their Cross-Chain Swap protocol which will allow users swap their NFTs on other Blockchains to Cardano blockchain to utilize it advantages on low transaction costs, transaction speed and security.  

Other features Verlux will be introducing will be NFT Farming, referencing the traditional farming where users are rewarded in tokens they stake with. However, Verlux will be building off that concept as users will be able to stake its token and be able to earn rewards in 100% exclusive NFTs which can be gotten only through staking.   

VLX Token Utility

$VLX is the utility token that will power the Verlux Ecosystem, deployed as a Native token on the Cardano Blockchain. VLX has a total supply of 1 billion tokens and will be used in various ways like paying Transaction Fees, as well Featured Listings in the NFT Marketplace. Users can engage in NFT Farming by staking VLX to earn rewards in 100% exclusive NFTs. Ultimately, VLX will serve as a governance system in the Verlux ecosystem, giving users the ability to be decision makers and vote on proposed features for the Verlux platform.

How To Buy $VLX Token

$VLX Token Seed Sale is live now, a total of 250,000,000 million tokens has been allotted for the seed sale. Early birds and Initial investors who wish to acquire some $VLX tokens at the seed sale can do so by visiting the $VLX token sale page.

A detailed guide on How To Join The Seed Sale for early adopters. 

About Verlux 

Verlux 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. Verlux believes the NFT ecosystem is still in its early stages and have the right team to ensure we improve its scalability. 

The team at Verlux will remain constantly innovative and consistently strive to deliver its powerful suite of services and more. Users should expect more innovative ideas to come from them as it aims to be the leading force in the NFT ecosystem with its innovative team.  

Social Media Handles:

Twitter: https://twitter.com/VerluxNFT

Telegram: http://t.me/verluxNFT

Medium: https://verluxnft.medium.com

Instagram: https://instagram.com/verluxnft

Gitbook: https://verlux.gitbook.io

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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