Hiblocks Announces Plans to Issue Klaytn (Klay)-based NFT (Non-Fungible Token) in Second Half of This Year

Hiblocks is currently operating a social media curation platform called “HABL” with a special feature that enables profit-sharing with users by rewarding HIBS based on their activities in the app.

HABL users are expected to be able to prove ownership and transfer ownership of digital content such as self-issued photos and videos, and space, a personal community in the app, through the issuance of NFT cards.

Recently, the NFT market is growing rapidly. Looking at the 2020 NFT market analysis report released by nonfungible.com, the total number of active wallets that traded NFTs such as NFT purchases, sales, and holdings was 112,731 in 2019. However, in 2020, it has approximately doubled to 22,2179. The total asset value of the currently issued NFT is about $338 million, which increased about 2.5 times from last year.

A hiblocks official said, “Currently, HABL is operating based on Klaytn blockchain from Ground X, and the services provided to partners in the ecosystem are gradually diversifying. We will make it possible for users to utilize various assets through an upcoming tool called Klayswap”

Klayswap is a DeFi service of Ground X, a subsidiary of Kakao blockchain technology. Since it is controlled only on a smart contract basis without a central operating entity, anyone can freely supply transaction liquidity. In addition, transaction fees incurred on the Klayswap platform can be shared.

HABL is still under beta test, but the number of users is rapidly increasing, so it is expected that many users will be able to use blockchain-based services.

Website: https://www.hiblocks.io/en

Instagram: https://www.instagram.com/hiblocks/
https://www.instagram.com/hiblocks.indonesia/

Twitter: https://twitter.com/hiblocks

Telegram: https://t.me/hiblocks_eng