SeSocio, an Argentine online investment platform, authorized the first version of its e-commerce website so that users can trade non-fungible tokens, better known as NFTs. These collectible assets have become highly profitable products and are on the rise, representing an opportunity to innovatively trade goods from other industries, such as art or sports.
The SeSocio platform highlighted that all those interested in being part of the first “NFT exchange space in Latin America will receive 5 IUSD that the platform will give away to be used in the purchase of NFTs.“
The CEO Founder of SeSocio, Guido Quaranta, highlights the importance of an NFT marketplace since “users will have the possibility to analyze different types of digital proposals by artists, brands, celebrities and much more”.
As explained by SeSocio: “The NFTs will be obtained through a single auction model for all of LATAM. Users will be able to choose the NFT of their interest, make an offer for it during the the auction and the winning bid acquires the good. Once the auction is over, users can sell those bought on the trading platform to other users. Thanks to the fact that this asset is inside the blockchain, the buyer makes sure that the good is authentic.”
The rage of the NFTs
Non-fungible tokens are digital objects that represent real entities, such as unique goods, moments captured in videos or images, video game compendia, artistic pieces or any exclusive digital asset that is encoded with the blockchain technology used by cryptocurrencies. They differ from digital money because they not only have value but are also a unique and original object; therefore, their reproduction is finite.
Its origin dates back to 2014, but its popularity has been increasing with the development and use of digital money on a daily basis in the world and with the appreciation that cryptocurrencies are obtaining.
In the SeSocio Marketplace, users who own an NFT will be able to market it within the framework of a legal administrative contract. The price will be determined in stablecoins, but they will have the possibility to use any currency to execute their offers using the exchange rate of the day and making a swap at the time of the offer. “In the future, the price may be established in any currency available for purchase within SeSocio.“
M. Rodríguez
Source: iprouo.com
