CHAIR is the world's first decentralized trading platform for utility NFTs. CHAIR tokenizes "rights and benefits" into NFTs and establishes a brand new NFT trading system to improve asset liquidity and economic efficiency.
Chair.finance Partnering with Capital Trust Group Limited (New Zealand)
Capital Trust Group (CTG) is about to mint 100,000 Rights & Benefits NFTs that represent right to copy trading strategy of Capital Trust Group’s profitable Proprietary Trading Account on the Chair platform. Incorporated in New Zealand, CTG is an influential boutique proprietary trading firm target to hire home-based Proprietary Trader in Asia as independent contractor. General Chavalit Yongchaiyudh (Thailand's 22nd Prime Minister) is one of the shareholders. This is a remarkable impact to fintech and blockchain industry with the endorsement from former nation leader and not many fintech or blockchain company in the world has the high profile people like this as its shareholder.
Why should you join CHAIR, the decentralized trading platform for utility NFTs
Due to the “money printing frenzy” in many countries and the weakening dollar, the traditional financial world is seeking safe-haven assets. Decentralized digital assets that are not controlled by any single country became the best choice for investing. As a result, mainstream financial institutions are starting to acknowledge and accept decentralized digital assets. This lies the foundation for the current bull market of digital currency.
Will Chair Pilot the Mass Adoption of NFT
In 2012, a blog post by Yoni Assia titled “bitcoin 2.X (aka Colored Bitcoin) - initial specs” described Color Coins as unique and identifiable from regular bitcoin transactions. In 2017, CryptoKitties, a blockchain-based simulation game, promoted the broad application of NFT in the gaming industry. In 2021, the jpg file of “Everydays: The first 5000 days” by artist Beeple was auctioned for $69 million, marking the skyrocketed popularity of NFT and the further integration of the blockchain industry into the real world. The latest trend heralds a new era of NFT.
Where are NFTs Heading Towards?
China’s recent ban on privately mined cryptocurrency caused widespread panic in the crypto industry. After some investors rushed to sell crypto assets, we saw the market fall down a cliff. The bitcoin price decreased by almost 50% from the historic high set in April this year. The drive towards carbon neutrality and the volatility of cryptocurrency market have pressured regulatory bodies around the world to further regulate the crypto industry.
Utility NFTs on CHAIR Revolutionize the KOL Fan Economy
NFT breaks through to the mainstream in 2021 As an anchor of value for goods and commodities in the real world, NFT distinguishes itself from cryptocurrency that only exists in the world of blockchain. It tokenizes physical goods and services to generate values in a brand-new and unique way. With this special mechanism, NFT quickly shoots to fame.
Will NFTs Make it through Ups and Downs in Bull and Bear Cycles?
Cryptocurrencies came back to earth with a climax in recent selling on Wednesday, May 19th. Bitcoin dropped some 30% from $43,000 and hit a low of approximately $30000 in 24 hours. A large number of cryptocurrencies fell by over 50%. The steep slide has triggered panic among investors.
How Does CHAIR Create the New ‘Rarities’
On the evening of March 11th, Christie’s, the world-famous auction house successfully sold Beeple’s ‘Everydays: The First 5000 Days’ . This is the first digital artwork NFT ever offered by a major auction house. The artwork hammered for $69.34 million, blasting NFT art records and making Beeple the third most valuable living artist just after Jeff Koons and David Hockney.
Chair.Finance Pioneers the Tokenization of Rights and Benefits
As we progress into 2021, the drumbeat of cryptocurrency and the broader digital asset industry continues. It all started in 2008 when the pseudonymous Satoshi Nakamoto published a white paper outlining a digital currency, Bitcoin, underpinned by a new technology called blockchain. Now with over a decade’s development, blockchain technology seems to be near the dawn of widespread acceptance and adoption. Deloitte's 2020 Global Blockchain Survey showed that people's attitudes toward blockchain have measurably shifted in a positive way. Real-world blockchain solutions have been adopted and implemented across a variety of businesses and sectors. The hottest blockchain application scenario in recent months is the art auction sector with numerous record-breaking artworks and collectibles NFTs (Non-Fungible Token) sales. For all we know, NFT might be the key to blockchain's mass adoption.
Chair, the Pioneer of the NFT 2.0 Era
The blockchain 1.0 era is marked by disributed ledgers such as the Bitcoin system. The blockchain 2.0 era is represented by smart contracts such as the Ethereum ecosystem. Both technologies are groudbreaking milestones for the crypto industry.