NuPay Technologies’ New Pro-Creator Platform

PRISM, the brand new NFT market from blockchain developer NuPay Applied sciences is formally stay. This new all-purpose NFT market simply launched its open beta model. Notably, PRISM makes use of the proprietary blockchain from the corporate NuPay Applied sciences. What’s extra, NuPay partnered with quite a few artists to drop featured collections as a part of the launch.

NFT Night spoke to NuPay Applied sciences’ SVP of Advertising, Joshua Bell, about what the PRISM NFT Market is seeking to convey to each creators and collectors within the NFT house.

Quotes edited and condensed for readability. 

PRISM Market goals to make it simpler for artists and newcomers to attempt NFTS

In essence, NuPay created the PRISM market to convey a few of the expertise of conventional artwork to the NFT house. To be able to do that, PRISM is working alongside quite a few famend artists from the world over. What’s extra, many of those artists’ NFT collections will characteristic bodily objects in addition to real-life experiences tied to the NFTs.

As Bell tells NFT Night, making the method of making NFTs as straightforward as potential for artists was a significant focus of PRISM’s. Speaking in regards to the creation of PRISM, Bell mentioned, 

“We noticed ourselves as having the ability to deal with many ache factors throughout the NFT business. We noticed many artists desirous to get into NFTs however not likely understanding the place to start out – they discovered the method very intimidating.”

To that finish, the NuPay staff has labored exhausting to onboard many artists already. In consequence, hundreds of artists whose work has been placed on show in exhibitions the world over have signed on. In different phrases, PRISM is seeking to make a reputation for itself as a house for high quality digital artwork. Or as Bell places it, 

“We wished to make it possible for the main target was on the artwork and the creativity and the neighborhood versus merely simply creating objects of worth which will likely be traded or flipped. We’re attempting to transition the artwork business to the blockchain versus attempting to take blockchain to the artwork business.”

To make certain NuPay is shaping PRISM to be one thing that each artists and newcomers to NFTs will discover simply usable. To that finish, {the marketplace} will settle for fiat forex through credit score and debit playing cards, in addition to a number of cryptocurrencies together with Bitcoin and Ethereum.

PRISM brings artwork gallery curation and IRL experiences to NFTs

Bell goes on to elucidate that PRISM hopes to mix bodily artwork and real-life experiences on its platform.

“With PRISM, it’s as a lot a bodily redeemable market as an NFT market. Artists actually appear to dig the thought of promoting NFTs as certificates of authenticity, or alongside bodily redeemables or entry to non-public occasions, events, music live shows… issues like that.”

Actually, it’s that double focus that attracted artist Federico Fauli to PRISM. Telling NFT Night about why the PRISM NFT market appealed to him, he mentioned,

“What they’re attempting to construct utterly suits in with my precise targets for my inventive profession – all the time having this relationship between the bodily and the digital world.” And [before PRISM] I couldn’t discover completely different platforms that had been providing that chance.”

PRISM NFT Market lives on NuPay – “the world’s greenest blockchain”

Lastly, one among PRISM’s distinctive promoting factors is the blockchain it makes use of. Certainly, PRISM makes use of NuPay’s personal blockchain. To make certain, this has just a few completely different ramifications.

For one factor, NuPay proudly calls its blockchain the world’s greenest. That is as a result of “Proof of Ethic” consensus protocol it is going to quickly combine into the blockchain. To elucidate, this Proof of Ethic protocol will permit the NuPay blockchain to course of transactions far more effectively than Proof of Work blockchains.

One other key level is what NuPay calls “ProtectArt”. To sum up, ProtectArt makes use of unique state-of-the-art encryption. In consequence, solely the creator and the proprietor of the NFT could have entry to the unique, genuine piece. This solves the notorious challenge of “right-click-save” whereas additionally defending artists’ IP. To not point out that ProtectArt additionally makes use of file-tracking strategies, permitting stolen art work to be tracked. 

All in all, PRISM is an attention-grabbing addition to the rising area of NFT marketplaces. With its concentrate on high quality artwork and artists and a system of curation that forestalls spam NFTs on the platform, it might nicely be a success amongst crypto artwork fanatics. You’ll be able to discover the superb assortment of NFT artwork on the PRISM website.