Seven NFT Use Cases You Must Know on BSN OPB
In September 2020, BSN started the Open Permissioned Blockchain (OPB) initiative to build an innovative new form of hybrid blockchain that embraces the openness of permissionless chains and supports the flexible business logic as permissioned chains at the same time. So far, we have built 6 OPBs based on IRITA, FISCO BCOS, Ethereum, DB Chain, Everscale, and China Corda Network.
OPB removes the cryptocurrency and allows permissioned controls over node deployment. It built a multi-chain architecture to give more options for users to develop dApps on the various underlying blockchain frameworks, enabling users to access BSN at a lower cost. With user-friendly SDKs, developers only need to choose a framework and deploy their smart contacts to connect their traditional business systems to on-chain applications through the BSN OPB. Additionally, as cryptocurrency is banned in China, the payments on OPB are in fiat currency to comply with the Chinese regulation.
NFT is gaining increasing attention worldwide. However, there are two blocks for developing NFT in China: compliance issues and the use of cryptocurrency. OPB creatively tackles the two barriers so that more businesses in mainland China can start the journey of exploring NFT and build more innovative applications.
As the first OPB on the BSN, WenChang Chain, powered by IRISnet, serves as a solid proof of OPB’S scalability and capability to develop NFT. On November 16, 2021, NFTs as digital twins to fine art Chinese paintings were successfully transferred from WenChang Chain to Ethereum and get to OpenSea through Cosmos TIBC (Terse IBC) protocol for the first time.
After operating for a year and more, BSN OPBs like WenChang Chain have brought many NFT applications and use cases, such as MoKa, IDA (Trustworthy Global Commerce of Chinese Traditional Artwork NFTs), and others.
Let’s take a glance at these great NFT dApps.
- Dayou Art, an NFT artwork space that connects creators and users, enables cloud transactions and artwork digitization using WenChang Chain’s robust SDK and NFT technology and innovates crossover models for traditional businesses and brands to extend the vitality and lifespan of artworks.
2. Heluo App, a collection and trading platform for digital artworks based on the collectible resources on Weipaitang, an e-commerce platform for Chinese antique paintings. The app provides various features such as exclusively customized peripherals, a dynamic ecosystem with multiple interactions, and more exciting experiences ready to be added in the future.
3. METACHI, an NFT brokerage & service platform that provides digital artwork solutions for IPs and cultural icons based on the NFT technology, focuses on increasing the impact of artwork NFTs.
4. Yiguanjia, a cloud service provider that focuses on developing and implementing digitization solutions for the culture & art industry and promoting traditional Chinese crafts & artworks using blockchain technologies.
5. Yiqi NFT, a decentralized NFT platform & ecosystem for the Metaverse that allows creators to upload and sell their artworks, with integrated experience in NFT creation, collection, and trading and the goal to develop an exclusive Chinese NFT operation model.
6. IDA is the trustworthy global commerce of traditional Chinese artwork NFTs supported by WenChang Chain’s robust interchain NFT capacities. On November 16, 2021, traditional Chinese artwork NFTs originated at the WenChang chain became available on OpenSea EASTIP for global markets, with one of the main features specifying the right to take delivery of these prestigious Chinese paintings.
7. Moka NFT platform & app focuses on NFT-powered e-commerce for pan-entertainment and lifestyle industries, allowing creative individuals and merchants to create, manage, and build a decentralized creative economy in web 3.0.
Here are a series of articles about BSN Open Permissioned Blockchain (OPB):
For further information about NFT applications on WenChang Chain, please get in touch with contact@irisnet.org or info@bsnbase.com for further details on BSN-OPBs.
