DMA team launched the NFT asset trading marketpalce — OnSale.
In June 2020, the global community’s CRC was officially elected and started to work. Global CR council members and community members are working together to achieve global consensus. At the ecological development level, based on the increasingly mature ETH sidechain, the community’s CryptoName group launched the “domain name” service CryptoName. NFT (Non-fungible Token) based on ETH side chain is used to form a unique digital asset, so that everyone can have their own unique domain name, which will become the unique identity in the Elastos ecosystem in the future.
With CryptoName’s NFT becoming a hotly sought-after resource in the community, the value circulation of ELA has truly manifested for the first time. Previously, despite the release of many dApps, most of them were in the demonstration stage due to the maturity of the basic technology or the market. The domain name asset created by the CryptoName team is a typical NFT asset based on the ERC721 standard, which is also the core category of digital asset management that the DMA team has long been engaged in, such as the ticketing application Uptick and the cultural and creative e-commerce application CHOOSIT released last year.
In response to the hot sale of Cryptoname, there was a strong demand for second-hand transactions from domain name owners. Aiming at this market hotspot, combined with its long-term accumulation based on DMA platform and dApp, the DMA team decided to quickly launch a digital asset trading dApp focusing on NFT assets, named OnSale. OnSale’s first batch of supported digital asset transactions is CryptoName’s domain name NFT asset.
Due to the DMA team’s experience of NFT asset trading for years, OnSale dApp took only 5 days from concept design to development completion, from 7/9 to 7/13, refreshed the DMA team’s record of mission impossible, and officially released the Android version today. The corresponding iOS version and Web version will also be available soon.
OnSale’s goal is to form a multi-terminal integrated digital asset trading platform. People like to refer to it as the “eBay of digital assets”. This has important significance in the era of blockchain-driven asset digitization and data assetization, and it is also a tribute to the ecological development of Elastos. The collaboration between CryptoName and OnSale also reflects that Elastos ecological development has entered a new stage of pragmatic evolution.
Before the release of OnSale, offline domain name transactions in the community had exploded. Everyone locked high-quality names and traded with each other. It is particularly worth mentioning that DMA founder Brian and Sunny Feng Han, co-founder of Elastos, traded Sunny’s personal domain name, which achieved a 25X increase in investment in three days. With OnSale, such transactions will be convenient 24x7.
In order to give everyone a try, the OnSale Android version and ios testflight can be downloaded. The release in the corresponding app market is already in progress. If you do not already have your own domain name, you can purchase it at CryptoName.org. As the value of ELA rises, there is unlimited room for value-added domain name assets.
If you have any questions, please join DMA telegram group https://t.me/ElastosDMAcommunity
