A potential NFT marketplace
https://pbs.twimg.com/media/E3R94ThVgAQej35?format=jpg&name=smallThe growth of crypto was one of the most interesting trends of 2020 and shows no signs of slowing as we enter 2021. In that context, it is perhaps fitting that Tiara made its reputation by developing a NFT marketplace. What is Tiara?
Tiara marketplace is designed for users to mint, sell, and create collectibles. To turn a work into a NFT, creators must first “mint” a token using Tiara’s software. They only need to fill out a form on the website and attach their image and other data, such as a listing price that represents their work. The Tiara platform then creates a new token on the Binance blockchain. Similar to other tokens on Binance, the NFT can be transferred between wallets using Tiara’s software. Tiara leverages the Binance blockchain to embed within an NFT’s code the full history of its owners and transactions.
Intellectual property rights
The platform also offers Intellectual property (IP) rights to a user through a Proof of Provenance. In other words, ownership of collectibles is authenticated by the Tiara network. Buyers and sellers can transact collectibles offered on the Tiara NFT marketplace with almost negligible costs.
TTI token
Regarding private cryptocurrency, TTI is the native governance token of the NFT marketplace Tiara. You can use TTI tokens to buy and sell NFTs products. TTI token holders can also give a boost and vote on a featured artwork among its marketplace. To kick-start the token launch, we are also conducting a TTI Airdrop. 5% of the total TTI supply will be distributed.
Moreover, Tiara’s goal is to eventually transfer power to a software-based system controlled by users called the Tiara DAO. Therefore, 60% of the total amount of TTI will be distributed to the community.
Royalty system
An interesting point when it comes to NFT marketplace Tiara is the royalty system. Whenever you create a collectible you can set a certain percentage as royalty for subsequent sales. This is a major feature drawing creators to this technology, because unlike traditional content platforms, NFTs can be designed to pay out royalties immediately.
In conclusion, Tiara is a NFT marketplace that is worth experience.
