Switzerland, Zug, 24.11.2021: SpaceSeven — one of the few — if not the only scaled e-commerce, fully regulatory compliant NFT marketplace is expected to launch on November 23, 2021. The groundbreaking platform is built by Tacans, a Swiss-based Software development house, and Venture Builder, with an R&D center in Ukraine, on the Concordium blockchain platform. According to SpaceSeven, this allows the marketplace to significantly lower gas fees — to literally a fraction of the cost of Ethereum or other proof-of-work protocols, however, with transaction speeds that are ten times faster.
Packed with several game-changing features like ‘Universes’ that deliver unique experiences through exclusive customized galleries, SpaceSeven is undoubtedly redefining NFT marketplaces. The marketplace will also allow users to easily add NFTs from multiple networks and supports payment using crypto and credit cards.
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SpaceSeven is a multi-blockchain NFT marketplace built by Tacans with Concordium as its primary blockchain. Concordium is ideally suited to host NFTs as it offers 10x faster transactions than Ethereum and has incredibly lower gas fees.
Unlike other blockchains, Concordium is a Reg-DeFi-centric Layer 1 blockchain with an ID layer at the protocol level and fast and real finalization. This gives Concordium a competitive edge, as it is able to deploy a privacy-centric KYT design that protects legit users but at the same time enables it to revoke anonymity of certain transactions if needed.
Concordium’s unique ecosystem has empowered Tacans, the venture builder, to launch SpaceSeven which is an NFT marketplace that is truly sustainable, secure, and regulatory-compliant.
Lars Seier Christensen – Co-Founder & Group Chairman of Concordium and SpaceSeven
“I have been an investor, collector and lover of art for many years. I have never seen a greater opportunity for innovation, reaching new buyers, new creative formats and additional income streams for galleries and artists than the current development in the NFT industry. SpaceSeven is our contribution to this historic opportunity.”
While the growth of the NFT market offers many opportunities, significant challenges still plague the industry. These issues revolve around regulations, high fees, decentralization, security, and sustainability. With Concordium as its primary chain, SpaceSeven hit the ground running with solutions to overcome these challenges.
Regulatory Compliance
Designed with a built-in user identity layer at the protocol level, Concordium ensures that a user’s identity is confirmed and every transaction is trackable. Its Zero-Knowledge Proof design ensures two parties can interact and transact without revealing unclaimed information of the counterparty.
Low and Fixed Fees
Concordium’s transaction fees are well-defined and do not link to the value of an asset. Instead, they are fixed and backed into the protocol. The proof-of-stake model combined with incentive mechanisms ensures that transaction costs stay low and fixed.
Carbon-Net Neutrality
With Concordium’s proof-of-stake model that consumes minuscule amounts of energy compared to other blockchains like Ethereum and Bitcoin, SpaceSeven is proving to be one of the best eco-friendly NFT marketplaces.
Security
For better protection against fraud, Concordium transactions are assigned an encrypted ID. Furthermore, with Concordium’s two-layer consensus design, SpaceSeven remains secure if cybercriminals hijack less than 50% of its stake.
Decentralization
SpaceSeven aims to reduce entry barriers to the NFT market for digital artists, creators, and celebrities. The game-changing features listed above have enabled SpaceSeven to develop a secure, cost-effective, user-friendly NFT platform where all creators can mint and sell their NFTs at a fixed price or in an auction.
SpaceSeven will provide support for CryptoX Wallet in our NFT marketplace platform. This wallet will facilitate the CCD token, Concordium’s native token.
Our platform is available for users internationally. To mint, buy, or sell NFTs on the SpaceSeven NFT marketplace, visit our website.
ENTER Art Fair 2021
ENTER Art Fair 2021 recently signed a partnership with SpaceSeven. The world-renowned art fair based in Copenhagen has over 61 galleries, each minting one NFT. ENTER Art Fair aims to push beyond the confines of artistic conventions and experiment with innovative platforms. This ambition fits perfectly with what SpaceSeven stands for. Over 61 galleries participated in this event. Each gallery chooses just one of their top-rated artists to mint and sell a premium NFT on the SpaceSeven NFT marketplace. The event was held between August 26 – August 29, 2021.
DOROFEEVA NFT GAME
NFTs are now a global phenomenon and the launch of an NFT game with the participation of celebrities in Ukraine is raising great interest in the country. DOROFEEVA, one of the top Ukrainian pop singers, whose tracks are in the top charts of digital platforms, fashion influencer, blogger is the first one to join the platform. On the 27th of November, she will present the game being developed on the marketplace at The Conference.NFT together with SpaceSeven in Kyiv.
About SpaceSeven
SpaceSeven is the world’s first NFT marketplace built on the eco-friendly and highly effective Concordium blockchain as its primary chain. SpaceSeven allows artists to mint NFTs at low fees, showcase their work in exclusive universes, and sell them effortlessly.
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