Kopalnie Krypto Team - Saturday 30 July 2022
Chia launches the NFT1 standard
Important information for the entire community: Chia has announced the launch of a new NFT standard. As emphasized by Gene Hoffman, the CEO of Chia Network, the network has always focused on developing solutions that address pressing issues in virtual markets. Therefore, the recent decisions are a natural extension of Chia Network's earlier efforts.
NFT1 standard focuses on strengthening market independence, legitimizing the history of virtual products, and increasing transparency, usefulness, and durability of digital assets. Hoffman assures that the new technology outperforms the solutions adopted by Ethereum and Solana, which already boast well-performing NFT markets. Chia's proposition is more stable and at the same time more environmentally friendly.
Who will benefit from the new NFT1 standard? Who will gain from it, and what does it mean for our community? What specific solutions did Chia introduce, given that the network's CEO talks about competing with the biggest blockchains? You will find answers to these and other questions in the latest post on our blog: Chia Network has launched the NFT standard.
