MarX Project, a Korean-based company, announced it had launched an MRC based NFT marketplace. As per the announcement, this new marketplace will allow users to become creators and value customers within the MarX ecosystem.
MarX Project is reportedly aimed at eliminating the monopoly of intermediate distribution. This will be done by providing a Value Metaverse ecosystem that establishes a sharing network with the direct exchange of value creators and consumers. The MarX platform has a basic structure that shows how technology has evolved over the years.
Unlike many in today’s market, MarX’s MRC Technology is based on the Hyperledger Fabric of IBM instead of the ERC systems. The project chose this technology because it has proven to be more powerful, fast, and provides better user privacy. It is worth mentioning that the ERC technology takes away the uniqueness of commodities, thus separating the rights and copyrights from the creators.
This new project will significantly reduce the transaction fees within the platform by being different from its counterparts. In addition, it will provide additional protection for the copyrights of creators.
Currently, the project is listed on the global exchange liquidity as of June 9. This comes two months after the ProBit.
Additionally, the project has opened the NFT Marketplace in line with the listing of Liquid. The company has also built a SwapDEX to enable MRC-based NFT trading and plans to upgrade the MarX Marketplace to activate NFT transactions.
MarX Project creates DeFi-NFT protocols and decentralized value ecosystems that are specialized in digital assets. Users can easily convert an existing asset into a digital asset through the platform or issue new ones with DApp. They need to swap crypto tokens with ERC20 for DeFi-NFT or liquidize their digital value asset by securitizing your DeFi-NFT. Also, the project hopes to support economic and social activities with an ethical foundation.
The project will be expected in the last two quarters of 2021; the project hopes to complete its data storage system and its Swap management system. Furthermore, it also plans to build a MArX TERMINAL, support DAO governance framework, have a completed NFT collateral system, built an anti-fake System, and support a liquidity mining program, among many more. In the coming year, the project hopes to support the custodial version, add current trade support, and get integrated with financial and fintech companies globally.