Forge Protocol

Introduction to Forge Protocol

From $2M dollar purchases of a jpeg of a rock, to an army of penguins and apes taking over the internet, in 2021 art and NFTs have captivated the attention of the world.

Decentralized Verification For NTF’s

Opensea is a centralized entity. This means that there is centralized control over key elements of the platform such as the verification process for new projects (which is of key significance for people investing in various projects). For example if a DMCA request is filed against a project on Opensea, Opensea is required to take down the project from the platform until the claim has been formally refuted. This can be devastating for a community of investors who rely on that platform to advertise, view, and sell their art.

Bids That Grow Overtime

On Opensea when a user places a bid on a particular piece of art that money sits idle and is not utilized to its fullest potential. By leveraging various yield strategies on Terra (through the likes of Anchor and Nexus Protocols), we intend to make your money work for you even when it is being used as a bid on art.

Bringing Ethereum NFTs to Terra

We know that to date most collectors store their prized NFT collections on Ethereum. This is a problem for people who want to start collecting on Terra. Users do not want to have to view their collections in two different places, or worse yet start their collections over from scratch.

Why Terra? And Timing

We choose to build Forge in the Terra ecosystem because we ourselves are passionate community members in the Terra world. We noticed the desperate need for a thriving NFT marketplace on Terra, and we think we have assembled the A-team we will need to bring this project to life.

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