KUALA LUMPUR – The NFT (Non-Fungible Token) world officially welcomes MYE.G. Services Berhad (MYEG) as the company launches its own platform known as NFT Pangolin.
In a recent statement, MYEG explained that nftpaongolin.com will be a global marketplace which supports issuance and trading of NFTs. The website was set to operate on the soon-to-be-launched Zetrix Layer 1 blockchain network.
Futhermore, it serves as a parallel chain to the International Backbone and Supernodes of Xinghuo – China’s national blockchain infrastructure.
“Zetrix’s plans to enable a new wave of innovation and increasing tokenisation of all forms of asset ownership makes the introduction of Zetrix-based NFTs in the company’s marketplace an important step to achieving that objective,” said MYEG group managing director Wong Thean Soon.
“We believe that the application of NFTs will go far beyond digital art and we will be pioneering NFTs which are pegged to ownership of mainstream assets. An example would be ownership of your vehicle registration number for a start,” he added.
NFTs are a non-interchangeable unit of data, token or asset, stored on blockchain. These tokens can be authenticated, sold and traded.
NFTs have become a popular form of investment in recent years but is also highly controversial. Among the reasons are that NFTs are traded with cryptocurrency, known for its volatility.
Despite that, being an ever-evolving company, MYEG sees this as an opportunity to leap into a global market that supports creative arts and unlocks future innovations built on top of smart contracts.
As NFTs have started to become available on multiple chains across the globe, Zetrix will strive to enable the cross-chain trading of NFTs.
Wong intends for NFT Pangolin to be the platform of choice for ASEAN NFT creators. This platform allows for users to mint, sell and trade the tokens.
As a start, the platform is working with Imperium Universe that is already working with artists like Vinn Pang and Faezal Tan. More artists will be added in coming months.
Moreover, as part of its aggressive expansion plans, NFT Pangolin will announce key partnerships in the coming months to make the platform an ASEAN-wide home for talents. It is welcoming more artists and partners to join its platform on its journey in pushing the boundaries of this new digital frontier.
The platform is already working together with traditional and digital artists alike such as Yazeed Kayoom and Johan Ishak. Their collections are currently available for sale on NFT Pangolin.
NFT Pangolin offers aspiring NFT artists, celebrities and creative talents, including brands, full product development and marketing services, including a lazy minting option for fixed priced items, where the minting cost is paid by buyers during the purchase.
“We are building support for physical artworks as we have received a lot of interest from traditional artists and art galleries who want to enter the NFT space”, said Mohamad Johan Nasir, the Business Development Director (SEA) of NFT Pangolin Technologies Sdn. Bhd.
“While the regional space of creative talents is excited to get into the NFT industry, there’s still a lot of work needed to educate the mass market of buyers about the benefits and value of owning any NFTs and their potential application outside of the creative world. To solve part of this, we are building a gamified educational tool for upcoming campaigns with influencers, celebrities and brands”, said Johan.
The platform is confident that, as a product of the well-established MYEG, it will be able to overcome the barriers to not only reach its targeted potential customers worldwide, but also to nurture the public’s acceptance of NFTs.
“Another disadvantage for the individual issuers is the high marketing costs needed to promote their products to the world. We understand that pain. Being part of the NFT Pangolin tribe and MYEG ecosystem will enable them to get the much sought-after exposure as we expand our marketing efforts,” added Johan.
You may visit NFT Pangolin’s website here.
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