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NonFungibleX
  • ๐Ÿ’ฌTelegram
  • ๐ŸฆTwitter
  • ๐ŸŽ™๏ธ1.Introduction
    • ๐Ÿ”ฎBackground and Mission
    • โš™๏ธNONX Products
    • ๐ŸขBased in Dubai
    • ๐Ÿ”งProblem to solve
  • ๐Ÿ–ฅ๏ธ2.Upcoming Blockchains
    • ๐Ÿ–ฅ๏ธIntroduction
    • ๐Ÿ’™Arbitrum Network
    • ๐Ÿ’œZKSync Network
    • ๐ŸงกBitcoin Network
  • ๐Ÿ›ก๏ธ3.Technology
    • ๐Ÿ’ปDetailed explanation
    • ๐Ÿง‘โ€๐Ÿ’ปThe Technology Behind
    • ๐Ÿ“ˆComparison
  • ๐Ÿ–ผ๏ธ4.Products
    • ๐ŸŸขOverview
    • โ›๏ธWebsitebuilder
    • ๐Ÿ”งPlug-in Marketplace
    • โš—๏ธLiquidity Bootstrapping Pools (LBPs)
    • ๐ŸŽจUnique NFT Collection
  • ๐Ÿ’น5.Token Economics
    • ๐Ÿช™NonFungibleX Token
    • ๐ŸŒช๏ธToken Distribution
    • ๐Ÿ‘›Token Holder Benefits
  • ๐Ÿ“ฉ6.Use Cases
    • ๐Ÿ–Œ๏ธCreators, Investors, and Collectors
    • ๐ŸŽจOrdinalsX NFTs
  • ๐Ÿ›ฃ๏ธ7.Roadmap
    • ๐Ÿ—บ๏ธTimeline of the Project
    • โš™๏ธExplanation of the Roadmap
  • โœ…8.Team
    • ๐Ÿง‘Introduction
    • ๐ŸงExplanation of the Team
  • ๐Ÿ“ƒ9. Conclusion
  • ๐ŸŒŸUnique Selling Points
  • โญNONX Potential
  • โœจSlot
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  1. 3.Technology

The Technology Behind

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Last updated 2 years ago

The technology used by NonFungibleX enables the project's features and benefits in a number of ways.

Firstly, the use of blockchain technology and smart contracts ensures the security, transparency, and immutability of all NFT transactions, including the OrdinalsX collection. This means that users can be confident that their transactions are secure and that the data associated with each NFT is accurate and tamper-proof.

Secondly, the use of the Arbitrum blockchain and smart contracts allows for fast and efficient transaction processing, enabling users to quickly buy, sell, and trade OrdinalsX NFTs on the NonFungibleX marketplace. the upcoming expansion to the Bitcoin network will enable seamless trading of NFTs across different networks and platforms.

Thirdly, the use of WalletConnect v2.0 and web3js/ethersjs allows for easy integration with a wide range of wallets, ensuring that users can easily interact with the OrdinalsX collection and the NonFungibleX platform.

Fourthly, the use of Mongo db as a caching layer for all digital assets and Amazon S3 for backup ensures that data is easily accessible and secure, allowing for fast load times and easy access to users' profiles.

Fifthly, the use of multisign wallets by 3 of the team as the first layer of security ensures that all transactions are authorized by multiple parties, providing an extra layer of protection for users' assets and data. Finally, the use of IPFS for digital assets metadata ensures that the metadata associated with each OrdinalsX NFT is secure, transparent, and easily accessible, providing additional benefits for staking and revenue sharing on the NonFungibleX platform.

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