Sollectify Announces Development on Solana and Serum

Sollectify has announced its development on Solana, being built through Project Serum. The Sollectify platform is a marketplace for users to create, trade, and sell non-fungible tokens (NFTs) in a quick and easy manner.

The Sollectify platform is a creator-centric NFT marketplace where users can create, trade, and sell non-fungible tokens (NFTs) for various unique digital items such as game items and artworks. It is the first of its kind on the Solana blockchain.

While only Solana-based arts can be sold, for now, the Sollectify team is planning on adding cross-chain integration that allows the selling of ETH and BSC NFT arts. The Sollectify team also plans to implement gamified NFT products in the near future.

About Solana

Solana is a web-scale blockchain that provides fast, secure, scalable, decentralized apps and marketplaces. The system currently supports 65,000 TPS (Transactions per second) and 400ms Block Times. The overarching goal of the Solana software is to demonstrate that there is a possible set of software algorithms using the combination to create a blockchain. So this would allow transaction throughput to scale proportionally with network bandwidth satisfying all properties of a blockchain: scalability, security and decentralization. Furthermore, the system able to support an upper bound of 710,000 TPS on a standard gigabit network and 28.4 million tps on a 40 gigabit network.

About Serum

Serum is the world’s first completely decentralized derivatives exchange with trustless cross-chain trading. And a a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless.

➡️Source:
https://www.solana.news/post/sollectify-announces-development-on-solana-and-serum