REI Network (GXChain2.0) is an EVM compatible public blockchain. As an Ethereum parachain, it is lightweight, free, and developer-friendly. REI Network aims to effectively solve the problems of high cost and low efficiency of the current public chain.

The in-depth cooperation between CovasArt and REI Network will play an important role in brand marketing and project development. Meanwhile, the two parties also hope to establish partnerships for more high-quality communities and jointly empower encrypted social networks.

About CovasArt

As a universal NFT trading platform, CovasArt strives to buy, sell and discover exclusive digital arts in traditional and innovative ways along with its development.

It facilitates platform governance through the DAO community governance model for true decentralization. The upcoming CovasDAO will be the first step towards decentralization, allowing global creators and fans to establish a more stable value connection in CovasArt and redefine world in the form of DAO.

In the future, CovasArt will launch a series of NFT works customized by well-known IP through the insurance incentive mechanism. The core of CovasArt is to redefine the free auction agreement market. Fundamentally, it should be classified as an encrypted social network platform, providing more possibilities for the global NFT collectibles market.

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About REI Network

REI Network(GXChain2.0) is an EVM-compatible public blockchain. As an Ethereum parachain, it owns the features of lightweight, free and dev-friendly. REI Network is to effectively solve the current high-cost and low-efficiency problems of public chains. Therefore, REI Network can achieve free, low-cost development and rapid migration of applications, and can be shared and symbiotic with the EVM ecosystem, also supporting the development of Defi, GameFi, and NFT.

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SOURCE

https://medium.com/@CovasArt/covasart-joins-rei-network-ecosystem-and-establishes-strategic-partnership-with-rei-8ca70f7f9f68

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