SOTA, NFT Marketplace

SOTA a multi-chain digital content NFT P2P market place for creators and collectors has recently conducted it’s IDO through the TrustSwap platform.

SOTA has created an entire distributed ecosystem where digital artists and creators can issue and sell digital collectible crypto assets. SOTA’s specialty are NFTs. NFTs, stand for (Non-Fungible Tokens) and are unique digital deeds to an artwork of sorts, they are special types of crypto tokens. What makes these token NFTs very special is that the authenticity of the art piece is verified through the artist’s unique digital signature, and transfer of ownership is recorded on the blockchain and attached to each successive owner’s wallet address.

What distinguishes SOTA is that it is both a marketplace for NFT assets, as well as a distributed network, with the very particular distinction that it operates as a multi-chain platform. Creators can select to create NFTs on different blockchain networks, not just the Ethereum blockchain! The platform first version will support creating NFT on Binance Smart Chain, then it plans to gradually add support for Ethereum, TomoChain and other chains gradually. SOTA’s team is currently building a bridge from BsC to Ethereum. SOTA is one of the first NFT companies to support all these platforms at the same time, making them thus provide a superior and much needed offering to the art world.

Currently, users don’t have to pay any fees for the SOTA platform to create, cancel, or stop selling NFT. SOTA only charges fees when you trade NFTs on the SOTA platform. In addition NFTs created through the SOTA platform on the ethereum blockchain can be traded on the OpenSea market. SOTA runs a verified creators program, whereas verified creators are recognized and verified by SOTA. Because of their trusted identity, NFTs created by verified authors are easier to trade in the marketplace and can usually fetch the artists more money.

Users on SOTA’s platform can also create several collection, each consisting of one or more NFTs . They can either list them as a showcase or put them up for sale, and even benefit in the long term from past sales through an ingenious licensing system created by SOTA: When a sold NFT is traded again in the future, the second time and onwards, 10% of the seller’s profits will be returned to the wallet of the author who created the NFT. This is like a passive income licensing fee to the author that can pay for as long as the artwork gets traded.

One way to earn rewards on the SOTA platform is to stake your SOTA tokens. When you stake SOTA to the platform, you will receive pumpkin tokens as bonus, these can be in turn be used and traded back to win special valuable NFTs.

The team and advisors at SOTA are known and reputable, and are all listed on their launch site. Their contracts are certified by CERTIK and the project is backed by some major venture money.

SOTA’s max total supply is 100,000,000 SOTA and they currently have about 3120 token holders. You can trade SOTA tokens through Uniswap , their contract’s address is :C0x0dde6f6e345bfd23f3f419f0dfe04e93143b44fb

You can find out more information about SOTA through Dextools

In conclusion: SOTA is one of those rare and yet to be discovered gems from the crypto universe that is bringing much innovation and wide access, and accessibility, to the digital art and collectible world, the world of NFTs which is so hot now! Their token is trading at around $0.30 as of this writing, making it a strong buy in my opinion as it is very much undervalued for all that this platform is set to bring to the crypto art universe!