The Marsis platform creators promise self-governed decentralised NFT valuation. But what exactly does that mean? Aimed at developers, creators and traders, the system leverages NFT and DeFi products including DAO, a non-fungible token marketplace, asset aggregator and DeFi pools.
All of which could sound like jargon to newcomers. With this in mind, it’s a good idea to translate the concept into non-crypto speak. Some experts are comparing the Marsis platform to TripAdvisor or Travala for travel, which may make things a little clearer. Basically, think a one-stop shop for NFT creation, valuation and sales.
The Marsis platform means anyone, anywhere can mint and sell easier
The reason Marsis is being hotly tipped as a major breakthrough in the blockchain and NFT world comes down to its Decentralised Finance (DeFi) pools. With this framework, it makes it far easier for anyone to launch and list their NFT creations. This is because the platform is effectively an end-to-end NFT ecosystem, making for a much more efficient and smoother journey.
It’s also worth noting that Marsis uses the Binance Smart Chain. As a result, it offers low transaction fees and quick confirmations for minting NFTs, and staking. In this way it is comparable to 4Bulls NFT staking.
Marsis platform is an open, community-driven protocol
The Marsis platform is sold as an open, community driven protocol. The platform is keen to point out its numerous features, which help explain the concept.
- A Decentralised Autonomous Organisation (DAO) to promote fair and efficient decision-making. DAO allows Marsis to build a self-governed NFT ecosystem with transparency at its core.
- There is also a voting protocol supplementing the DAO. This means market participants can create a consensus value of all minted NFTs. Holders of Marsis platform tokens, SIS, are able to stake and distribute consensus votes. These are aggregated and the final value reflects the ‘community worth’ of the NFT.
- The Marsis platform includes a comprehensive NFT marketplace, offering minimum costs to creators and secure, stable trading.
- NFT fragmentation is also present, effectively opening access to high value assets at a lower entry point. The result is increased liquidity.
- Yield farming through DeFi integration, offering more rewards for highly rated NFT assets.
- Interoperability is another feature, as the platform connects to Ethereum, enabling a more secure flow of digital assets.
- Synthetic asset aggregation, to increase public demand
The value of work, and workers
Really the Marsis platform is all about determining the value of work in a more democratic way. Users will either opt to be a ‘spacewalker’, ‘guest’ or ‘resident’. All of which sound like nonsense terms plucked from marketing hell, but understanding these is crucial to grasping the network.
Let’s start with the Spacewalkers first. These users move in and around the Marsis NFT ecosystem, and can vote on items that pique their interest. This helps establish base value, rather than simply allowing non-fungible creators to do this themselves.
The creators can choose between either Guest or Resident status. Guests can simply drop NFTs into the marketplace and watch as the votes come in. Residents, meanwhile, can use the platform to promote work from elsewhere. Most crucially, creators do not need to trade anything in order to generate revenue with Marsis. Each time a vote is cast on their work, they will earn something.
Marsis is the latest in a string of NFT marketplace launch in recent weeks. RSK announced the first Bitcoin NFT marketplace late-May. While entertainment blockchain XPOP unveiled its new K-Pop NFT platform around the same time.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.