Chronicle is a sustainable and fan-friendly NFT platform!

The value that fans and fans bring from industries such as media, arts, and entertainment is immeasurable. The growth and development of these industries largely depends on the interactions of fans with the artist, and with celebrities.

These interactions drive sales, increase profits, and drive brand value for artists and the industry as a whole.

Recent developments in blockchain technology , and the emergence of non-fungible tokens (NFTs) , have opened up new avenues for online artist fan interactions.

NFTs are digital collectibles that give fans a unique experience, to exclusively own a piece of the work of their favorite celebrity, and are a new way in the digital world, to show support and announce to fans, towards an artist, celebrity, or franchisor.

The NBA has rightly benefited from this trend and created the NFTs Top Shot , which generated more than $ 700 million in sales in less than a year.

It should be noted that the idea of ​​non-fungible tokens (NFTs) is still new in the market, and is still practically inaccessible to the masses.

Besides, it imposes a significant environmental burden due to the blockchain network that it mostly uses.

Which is why we need an NFT marketplace that 's eco-friendly, built with a primary focus on fans, and that's where the Chronicle comes in .

Read also: FTX Expands to NFTs and Rivals Popular OpenSea

Building a futuristic NFT market

Chronicle is a fan -driven studio and marketplace for displaying NFTs , which allows users to buy, sell, mint, trade and gift certified digital collectibles. Today, Chronicle is a top brand worldwide.

The new NFT Marketplace is also accessible to everyone, even beginners, as it accepts transactions in US dollars and the USDT crypto variant .

While there are other NFT marketplaces working on similar goals, most of them are built on the Ethereum blockchain , which consumes energy equivalent to a small country and leaves a large carbon footprint.

On the other hand, a conscious decision was made by the Chronicle , to deploy the platform on the blockchain , which uses the Proof of Stake (PoS) algorithm , a mechanism that is fast, low-cost, and most of all sustainable and environmentally friendly.

And chains that use PoS consensus, of course, have a lower carbon impact, when compared to chains like Ethereum , which use PoW consensus .

The Chronicle has partnered with the NEAR protocol that is building the Aurora Ethereum virtual network , which will serve as the backbone of its infrastructure, in order to achieve sustainability and build more green NFTs .

The NEAR Protocol , a highly efficient proof-of-stake blockchain network , aims to achieve carbon neutrality, by planting thousands of trees around the world.

The easy -to- use network construction, and serve as a bridge connecting Web2 to Web3 .

Being built on NEAR , this makes Chronicle a faster and scalable platform, producing NFTs in a sustainable way.

Also read: Farewell to the centralized Metaverse and hello to the NFT Metaverse!

Chronicle system

A myriad of roles, components, and services within the Chronicle network contribute to the smooth functioning of the platform.

There is also NFTs that form the center , which is built around the system, since NFTs the Chronicle Chronicle can , is a licensed collection, representing the three - dimensional images of models, music, arts and video clips from the best brands all over the world.

While all of these collectibles come with their own watermark, so users can validate them before buying, selling, and trading these items in the Chronicle Store .

The next important part of the network is Chronicle Studio , which consists of 2D and 3D digital character artists, who design, develop and publish NFTs in the store.

Furthermore, the platform has licensing partners partnering with Chronicle , to license digital holdings for a percentage of revenue generated.

Regardless, the network Chronicle provides a variety of services to its users in the form of shop Chronicle Chronicle can , and NFT as a service, and Chronicle Place Market Chronicle can a Marketplace , in addition to auctions Premium that F - T Premium NFT , in order to create immersive experiences for the masses, and linking them to trademarks of their favorite .

Read also: MasterCard UK partners with Jose Mourinho for first gift from NFT

XNL code

All of these ambitious and future Chronicle initiatives are underpinned by the original ERC20 XNL token , which will play a major role in the development, operation, and governance of the Chronicle Network , totaling 100,000,000 XNL with a large number of use cases within the ecosystem.

Digital token holders get exclusive access to NFT, sales and auctions, and can even claim discounts at the Chronicle Store , where users can share this digital token to participate in protocol governance and help the network progress.

The platform is also working on DeFi software , where users will be able to reap profits and benefits from XNL .

Also Read: NFTs Loot Project Allows Users to Mint Tokens Without Any Fee

What does the future hold in store?

Although the Chronicle Network was recently launched, it has managed to create a buzz in the market with its unique insights and innovative executions.

To coincide with the launch of its platform, the Chronicle has entered into a partnership with the world's most beloved bear, Paddington .

Paddington's books have sold more than 30 million copies, and the character has recently had several commercially successful, critically acclaimed films, namely Paddington (2014) and Paddington Two (2017) , with filming for Paddington 3 starting in 2022. .

The Group 's exclusive to the Chronicle Chronicle will showcase films from the year 1976 in a program BBC BBC television animation Ivor Wood of Wood Ivor is , and the ordination of books Peggy Fortnum Fortnom the Peggy .

The Chronicle recently partnered with Bleecker Street , a leading distribution company, to present a one-sheet NFT of the official teaser for the movie I'm Your Man , marking the first time Studios has released a one-sheet NFT . Films, one sheet as NFT .

With the NFT market booming today, and sales of over 2 billion dollars in 2021, it may appear that the Chronicle strong>Now ideally placed, to capitalize on this growth, by offering an alternative to the NFT market, one that is built to last.