NFTD Protocol (NFTD) is an NFT-based smart online store for digital products. With online shopping, consumers choose the products they like and merchants deliver them right away. However, no merchant provides shoppers a clear proof of ownership for the items they purchase. This leads to a decrease in the product's value, especially if the shopper wishes to trade the same product with a different person. The protocol aims to resolve the problem and provide proof of ownership for every item a consumer purchases. For instance, NFTD Protocol introduces a smart shopping system wherein a retailer and the tradable products are recognized using a unique token ID. Once the transaction is complete, all ownership rights are provided to the buyer.
Artists with the skills to create good digital content often encounter hurdles in trading that content. NFTD Protocol wishes to promote such skilled artists and optimize their profiles on various social channels. The NFT marketplace is set up exclusively on Uquid, a decentralized platform on the blockchain. NFTD Protocol launches a simple NFT marketplace encouraging all to trade unique content by minting NFTs. The platform supports products that are compliant with copyright laws. Users can mint content like arts, photographs, YouTube videos, sculpture, TikTok videos, music, and all social content without bearing the gas charges. Besides minting talent, NFTD Protocol allows users to acquire digital ownership for content that is streaming live. The platform features a user-friendly interface, which helps to ensure that minting art pieces and content is easier done than previously thought.
NFTD is the primary token powering the NFTD marketplace. The token is created on the Binance Smart Chain (BSC) to benefit users with enhanced performance and lower charges on transactions. Users can purchase the digital assets or NFTs listed on the Uquid shop using NFTD. The platform accepts various other cryptocurrencies like Bitcoin (BTC), USDT, XRP, NEO, etc.