Open Mind, Open Possibillities
OpenSale Labs is an NFT Technology company founded by Malaysian entrepreneurs, specialized in creating products and services on blockchain. Its broad technological scope and disruptive spirit allow it to develop different business models and innovative technological solutions that empower users to take control of their data and finances.
As a venture builder of blockchain projects, OpenSale Labs creates startups that, potentially, will become the next unicorn and invests through its accelerator and fund in the most promising ones.
MISSION
OpenSale Labs’ mission is to offer blockchain-based technology solutions that use new technologies to promote the development of new projects and startups focused on meeting needs in the blockchain market.
VISION
OpenSale Labs believes in blockchain as the next big thing. OpenSale’s founders have the vision to take advantage of this new world to empower users with control of their data and finances, and they are building the most talented team to make it happen.
VALUES
OpenSale Labs is a 100% transparent, continuously evolving, and highly communicative company, so it provides frequent updates on the project through its multiple communication channels.
OpenSale believes in developing products with clear protocols and licenses that allow them to operate legally and bridge the gap between blockchain and the traditional world. All to contribute to the sustainable and legal growth of the global crypto and blockchain ecosystem.
OVERVIEW
NFT Marketplace is the glorified space that adds glory to individual intellectuals. People get to showcase their collective ability and get benefit of heir modes to be listed on other Marketplaces in the trends. The Marketplace is a direct entity ensuring talents to showcase their exclusive attributes in a variety of domains.
NFTs are currently taking the digital art and collectibles world by storm. Digital artists are seeing their lives change thanks to huge sales to a new crypto-audience. And celebrities are joining in as they spot a new opportunity to connect with fans. But digital art is only one way to use NFTs. Really they can be used to represent ownership of any unique asset, like a deed for an item in the digital or physical realm.
If Andy Warhol had been born in the late 90s, he probably would have minted Campbell’s Soup as an NFT. It’s only a matter of time before Kanye puts a run of Yeezys on Ethereum. And one day owning your car might be proved with an NFT.
What’s an NFT?
NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain — no one can modify the record of ownership or copy/paste a new NFT into existence.
NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.
Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD.
The internet of assets
NFTs and Ethereum solve some of the problems that exist in the internet today. As everything becomes more digital, there’s a need to replicate the properties of physical items like scarcity, uniqueness, and proof of ownership. Not to mention that digital items often only work in the context of their product. For example you can’t re-sell an iTunes mp3 you’ve purchased, or you can’t exchange one company’s loyalty points for another platform’s credit even if there’s a market for it.
Here’s how an internet of NFTs compared to the internet most of us use today looks
