BOBO is the world's only star project that combines Uniswap and OpenSea

With the development of the new era of the Internet, data identification and asset attribution are facing a severe test!

And that's exactly what NFT is trying to solve.

The rapid rise of NFT in recent years. 2017 to 2020, the NFT market grew from $30 million to more than $300 million, a nearly 10-fold increase in market share in three years, which represents NFT is gradually coming into the public eye.

What is NFT

NFTs are non-homogenized tokens, and unlike homogenized tokens, each NFT is unique, indivisible and non-interchangeable.

As an example.
A and B both own one bitcoin, A splits the bitcoin into 0.5 and transfers them to each other with B. From the books their balances don't change, this is homogenized tokens, each bitcoin is the same.

The minimum value of NFT is 1 and is not divisible, just like a house, A sells to B, A does not have the right to vest in the house.

What does NFT do

From the above examples, it is easy to see that NFT has the following characteristics.
1、Uncopyable and unique
2、No forgery
3、It can prove the ownership of the owner's attribution

Therefore NFT has important applications in games, art collections, domain names, virtual assets, virtual worlds, cultural tokens, etc.

Recently, Sir Tim Berners-Lee, who is credited with inventing the Internet, will create the 30-year-old NFT of the World Wide Web's source code on the Ether blockchain, which will be auctioned at Sotheby's. The auctioned NFT will belong to the auctioneer, and its creator will not be able to use it again thereafter.

At the same time, authors can cash in on their fans through NFTs, which give them access to exclusive content, exclusive treatment, and the ability to invest directly in their favorite creators.

With the NFT emergence of the meta-universe is not to be underestimated.

The metaverse is an immersive virtual space in which users can engage in cultural, social and entertainment activities. The core of the metaverse lies in the carrying of virtual assets and virtual identities while interacting with reality.

The metaverse, as a future medium, can be a more efficient engine than any existing closed system, driving economic efficiency.

What NFT is disrupting in the metaverse world is not the currency, but the property rights paradigm. And the rapid iteration of the blockchain DeFi, NFT track has led more people and institutions to embrace this virtual asset paradigm.

"The issue of confirming the rights of virtual goods has entered the wave and become the focus."

NFT in DeFi

It is true that NFT provides an effective and real guarantee for virtual items to be confirmed, but at present, NFT is still mostly collectibles and artworks, which are less liquid, and the combination of NFT and DeFi makes it have more financial attributes.

NFT can be applied to DeFi as collateral, liquidity, voting instruments, and more. For example, you can use your NFT as collateral and borrow against it, just like you can use your house as collateral for a loan from a bank.

NFT has incredible growth potential in this area and can extend the reach of DeFi to those who really need it.

Where to buy and trade NFT

Facebook founder sister Randy once said, "Everyone would love to hold some memorabilia of their favorite band, but most fans probably don't know how to buy NFTs yet, or even on which platform they can buy them. it's a systemic project, and there's so much to do. Payment means, blockchain, all such things need to be taken into consideration to reach more users."

And BOBO is going to solve the problem of NFT's reach.

OpenBOBO originated from Japan, the technical team comes from the core staff of Ether, XSM, Ripple, Polkadot, Opensea, Alibaba Cloud and so on. They are building a crypto digital collection marketplace for the artwork meta-universe worldwide with great enthusiasm. openBOBO covers a wide range of categories, including digital collections, master art treasures, game collections, music, etc. OpenBOBO will cooperate strategically with artists' associations, world-renowned entertainment companies, game developers, real economy alliances, etc. to help users better display NFT on the platform, and sell and buy their favorite NFTs.

Also to increase the flow, BOBOSwap is perfectly integrated with OpenBOBO. BOBOSwap is embedded in a liquidity pool with decentralized storage and decentralized operation, fully guaranteeing the security of funds, thus establishing a highly decentralized financial infrastructure.

Scarcity is an inherent trait of BOBO.

BOBO is embedded in OpenBOBO as an NFT trading credential; BOBOBO is used as a financial means to create BOBOSwap. through the perfect combination of DeFi and NFT, BOBOBO will become the first trading platform newcomer in the field of crypto art and decentralized finance.

BOBO is invested by leading international investors, including Kazuo Inamori Blockchain Foundation, Digital Currency Group, Y Combinator, Haruki Murakami Foundation, Waseda University NFT Research Association, Mark Cuban, INVESCO, CyberAgent, shaft Paradigm, Grupo Aval Acciones y Valores, Keiichiro Takahara Family Fund, teamLab, Bitforce, FBG Capital, etc.