PRESS RELEASE.Recently, on the 23rd of November,SpaceSevenlaunched its state-of-the-art NFT marketplace. The SpaceSeven marketplace is the first of its kind — one of the few — if not the only scaled e-commerce, fully regulatory compliant platform.
By combining powerful NFT marketplace technology fromTacans, a Swiss-based Software development house, and Venture Builder, with an R&D center in Ukraine and the vanguard Concordium blockchain platform, SpaceSeven achieved a world-class NFT Marketplace that is expected to fundamentally transform artists’ exposure and recognition.
With the Concordium blockchain platform, SpaceSeven is able to offer significantly lower gas fees — literally a fraction of the cost of Ethereum or other proof-of-work protocols — and at the same time facilitate transaction speeds that are ten times faster.
Packed with several game-changing features like‘Universes’that deliver unique experiences through exclusive customized galleries, SpaceSeven is undoubtedly redefining NFT marketplaces as we knew them. The marketplace allows users to easily add NFTs from multiple networks and supports payment using crypto and credit cards.
Who is Behind SpaceSeven?
SpaceSeven is a multi-blockchain NFT marketplace built byTacanswith Concordium as its primary blockchain. Unlike other blockchains, Concordium is a Reg-DeFi-centric Layer 1 blockchain with an ID layer at the protocol level and fast and real finalization. That means Concordium can deploy a privacy-centric KYT design that protects legit users but at the same time, it can revoke the anonymity of certain transactions if needed for safety reasons.
Lars Seier Christensen – Co-Founder & Group Chairman of Concordium and SpaceSeven
“I have been an investor, collector, and lover of art for many years. I have never seen a greater opportunity for innovation, reaching new buyers, new creative formats, and additional income streams for galleries and artists than the current development in the NFT industry. SpaceSeven is our contribution to this historic opportunity.”
What Problems Does SpaceSeven Solve?
With Concordium as its primary chain, SpaceSeven hit the ground running with solutions to overcome the main challenges in the industry.
Designed with a built-in user identity layer at the protocol level, Concordium ensures that a user’s identity is confirmed and every transaction is trackable. However, its Zero-Knowledge Proof design ensures two parties can interact and transact without revealing unclaimed information of the counterparty.
Low and Fixed Fees
Concordium’s transaction fees are well-defined and do not link to the value of an asset. Instead, they are fixed and backed into the protocol. The proof-of-stake model combined with incentive mechanisms ensures that transaction costs stay low and fixed.
With Concordium’s proof-of-stake model that consumes minuscule amounts of energy compared to other blockchains like Ethereum and Bitcoin, SpaceSeven is proving to be one of the most eco-friendly NFT marketplaces.
For better protection against fraud, Concordium transactions are assigned an encrypted ID. Furthermore, with Concordium’s two-layer consensus design, SpaceSeven remains secure if cybercriminals hijack less than 50% of its stake.
SpaceSeven aims to reduce entry barriers to the NFT market for digital artists, creators, and celebrities. The game-changing features listed above have enabled SpaceSeven to develop a secure, cost-effective, user-friendly NFT platform where all creators can mint and sell their NFTs at a fixed price or in an auction.
SpaceSeven will provide support for CryptoX Wallet in our NFT marketplace platform. This wallet will facilitate the CCD token, Concordium’s native token.
How to Access SpaceSeven?
ENTER Art Fair 2021
ENTER Art Fair 2021 recently signed a partnership with SpaceSeven. The world-renowned art fair based in Copenhagen has over 61 galleries, each minting one NFT. ENTER Art Fair aims to push beyond the confines of artistic conventions and experiment with innovative platforms. This ambition fits perfectly with what SpaceSeven stands for. Over 61 galleries participated in this event. Each gallery chooses only one of their top-rated artists to mint and sell a premium NFT on the SpaceSeven NFT marketplace. The event was held between August 26 – August 29, 2021.
DOROFEEVA NFT GAME
NFTs are now a global phenomenon and the launch of an NFT game with the participation of celebrities in Ukraine is raising great interest in the country. DOROFEEVA, one of the top Ukrainian pop singers, whose tracks are in the top charts of digital platforms, fashion influencer, blogger is the first one to join the platform. On the 27th of November, she will present the game being developed on the marketplace at TheConference.NFTtogether with SpaceSeven in Kyiv.
SpaceSeven is the world’s first NFT marketplace built on the eco-friendly and highly effective Concordium blockchain as its primary chain. SpaceSeven allows artists to mint NFTs at low fees, showcase their work in exclusive universes, and sell them effortlessly.