BOAX NFT Marketplace

Enchanted Time & Space: From Quarks to Multiverse

The Concept of the Collection

• What is NFT?​

  NFTs which stand for Non-Fungible Tokens are pieces of digital content linked to the blockchain, which is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Unlike fungible tokens which can be replaced or exchanged with another identical one of the same value, NFTs are unique and not mutually interchangeable, which means no two NFTs are identical.

  Much of the current market for NFTs is centered around collectibles, such as digital artwork, sports cards, and rarities. They are digital representations of assets and have been likened to digital passports because each token contains a unique, non-transferable identity to distinguish it from other tokens.

  The majority of NFTs reside on the Ethereum cryptocurrency’s blockchain. The creator of the NFT retains the copyright for it, as well as the right to duplicate it as many times as they want. In some cases, the creator will receive royalties each time an NFT is sold.

• Why the Mega Trend?​​

  Over the past few months, global sports franchises, famous artists and musicians, and global fashion brands have launched NFTs. In April, Auction house Christie’s sold “Everydays: the First 5000 Days”- a digital artwork in JPEG form by an artist known as Beeple, for US$69.3 million - the third-most-expensive work ever sold by a living artist. Like cryptocurrencies, NFTs belong to a borderless, decentralized, virtual global ecosystem - crypto marketplaces in which they are created, proffered and acquired. While artists have been working in other digital media for over 50 years, NFTs are a new horizon for the fine art sector.​

  NFTs are capable of much more than simple certificates of ownership. We see NFTs becoming the digital representation of physical art and objects, unleashing entirely new ways to create value for stakeholders and creating brand new entertainment markets.​

  Through NFTs, we are witnessing the convergence of the incredible dynamics of cryptocurrency trading and the traditional art world, whereby BOAX NFT marketplace offers a revolutionary solution for trading collectible artwork as unique digital assets on a tamper-proof blockchain.​

• What makes BOAX unique?

  BOAX is a premium NFT marketplace that allows users to trade rare digital assets online, and forms part of the ecosystem supported by Bank of Asia, a BVI based digital assets friendly bank powered by fintech. BOAX focuses on collaboration with Master Artists and influential celebrities with stories to transform their masterpieces into new digital formats in the form of NFTs, thereby breathing new life and energy into the original pieces and enabling sharing of the unique meaning and perspective of the works in the new cyberspace.

  Empowered by its banking partner and related ecosystem, BOAX is uniquely positioned as a strong player in the crypto space and serves to facilitate the most influential speakers in the crypto circle and beyond to unite and make positive social impact through the sharing of art in the digital form, connecting the younger, tech-savvy generation to the masterminds and their masterpieces.