What Is the Dali (DALI)?

Dali is a next-generation non-fungible token (NFT) marketplace created on the Binance Smart Chain (BSC). Dali has three key projects involved: DaliMetaverse, DaliNFT, and DaliGames. According to its whitepaper, the DaliNFT attracts various artists across the world and is a dynamic art platform wherein every activity takes place fairly, benefitting every individual.

One of the key issues for most conventional artists is that they cannot access blockchain technology. There is no proper mechanism that can introduce them with NFT. Moreover, digital paintings are being tokenized and traded at unproven and unbelievable prices, causing a big problem for this particular field. Dali has been launched with an aim to solve existing problems and promote the emergence of blockchain technology by building highly applicable products that can deal with several problems within the market. DaliNFT is created for art lovers to make their artworks become NFT worldwide while taking them to virtual art exhibitions. These exhibitions also involve public auctions with numerous artists across the world. The platform is dedicated to registering the top-notch artworks in the form of NFT on-chain.

Dali aims to provide a user-friendly interface. DaliNFT establishes preservation and storage centers at different places. The auction of the artwork is done online without taking them to auction halls as the actual ones are stored at the centers and connected with NFT codes. The platform connects fans and celebrities. Dali employs NFT as the carrier for interacting and associating fans with the celebrities including television and film announcements, NFT trade, new song trades, classic memorials, and celebrity surroundings.

The utility token of DaliNFT is DALI which is built on the Binance Smart Chain and is a BEP20 token. BEP20 is a token standard, which defines the rules of token usage on the BSC. DALI intends to get converted as the blockchain’s native token built by DaliNFT with the ratio of 1:1.

DALI is employed as the main payment source of the DaliNFT platform. The token is also utilized for paying the transaction fees on the platform. Moreover, the DALI token can be utilized to pay authors for their authorization rights when a transaction takes place. Users can also use DALI tokens for staking with NFT pools and receive rewards.

History of Dali (DALI)

The website's launch took place in 2021, with the public sale taking place in the same year.

The total supply of DALI tokens is one quadrillion.