As per online news sources, a start-up from Lyon, France has reportedly launched a new non-fungible token (NFT) solution, called ALOGOGEMS. This NFT solution can be used by both professionals and the public to buy and sell non-fungible tokens (NFTs). NFTs are rare and one-of-a-kind digital assets that can be traded through cryptocurrencies. Through the ALOGOGEMS platform, users will be allowed to create NFTs very easily too.
It has been found that ALOGOGEMS is one of the cheapest NFT platforms in the NFT space. It offers free registration for buyers and sellers and also free NFT certification. ALOGOGEMS ensures that there is no cost to the buyer and allows free content upload. Many websites like L’Agenda de l’Automobile and BlogBMW.fr have already decided to use ALOGOGEMS to sell their NFTs. ALOGOGEMS also hosts events and contests on various themes, that give the users an opportunity to attract and engage with different kinds of communities.
The carbon-negative approach of ALOGOGEMS
In a recent interview, the founder of Algorand Silvio Micali, said that ALOGOGEMS uses the Algorand public blockchain, which operates on the model of proof-of-stake. By using Algorand, ALOGOGEMS is able to ensure that the power consumption is close to zero. In addition to this, the source code of ALOGOGEMS is very attractive too. The platform has been coded by the developers themselves so it does not use an existing engine. The source of ALOGOGEMS has proved to be quite reassuring for the investors. In the initial coin offering (ICO), launched in the middle of September this year, the start-up was able to raise almost $1 million through investors who purchased GEMS.