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Solana-Based Messenger Secretum Raises Its Bet on NFTs

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Here’s how Solana’s messaging application Secretum addresses the main bottlenecks of the NFT market.

Secretum, a one-stop cryptocurrency ecosystem on top of Solana, is a combination of an NFT marketplace, messaging application, crypto wallet and DEX. Here’s why its NFT-centric toolkit allows it to go far beyond being an average Solana dApp.

NFTs in 2021: Euphoria amplifies bottlenecks

While the craze around non-fungible tokens and marketplaces for them is nowhere near its end, the weak points of NFT platforms become more and more obvious.

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First and foremost, it’s huge fees. As the vast majority of NFTs are minted and traded on Ethereum (ETH) blockchain as ERC-20, ERC-721 or ERC-1155 tokens, trading fees are rocketing during periods of maximum network overload. Fees can surpass 5.25% of the price of a certain NFT.

Then, an NFT segment looks fragmented, which obviously affects its liquidity logistics design. Besides the largest NFT markets (e.g. OpenSea, Rarible), not so many platforms allow buyers and sellers to meet with each other. This, in turn, makes the whole segment vulnerable to manipulations of all sorts.

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Last but not least, existing solutions for the storage of NFTs – just like other crypto wallets – are often targeted by sophisticated attackers. As the prices of NFTs are rocketing, such attacks become more and more “expensive” for digital art enthusiasts.

Thus, the scene badly needs secure, resource-efficient, decentralized solutions that are able to onboard crypto holders with various levels of expertise.

Secretum leverages Solana to build a new-gen NFT platform

Team Secretum, a Solana-based multi-purpose ecosystem, is addressing all these issues with its novel architecture. Since Solana fees are 99.9% lower compared to Ethereum’s ones, all NFTs trades on Secretum are charged with negligible commissions.

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In terms of security, Secretum guarantees truly decentralized storage of data: instead of using a centralized cloud, Secretum relies on a distributed network of nodes. Attackers are unable to guess which node should be attacked to gain control over this or that non-fungible token.

Also, Secretum integrates NFT market participants in the ecosystem of Solana, one of the top-trending smart contracts platforms in 2021. Solana’s infrastructure is compatible with Enthereum as EVM was rolled out on Solana in Q3, 2021.

Secretum has no KYC/AML checks and allows you to sign up with Solana’s wallet address only. This feature makes its anonymity unmatched.

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Duelist King to Conduct Its Second NFT Card Sale on Dec. 15

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Duelist King, a novel play-to-earn ecosystem, shares the details of its second NFT card sale campaign.

Duelist King is a cross-chain NFT-powered card game launched simultaneously on Binance Smart Chain (BSC) and Cardano (ADA). It also supports Fantom, Polygon, and Crypto.com’s Cronos. Now, the team has shared the details of its second NFT sale.

Duelist King will release 20,000 NFT boxes on Dec. 15, 2021

According to the official announcement shared by the Duelist King team, on Dec. 15, 2021, its second NFT cards sale will be open to all cryptocurrency enthusiasts.

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This release will boast 20,000 NFT boxes, or 40% of the number of boxes sold in the first round three months ago. The team will offer new cards in various rounds, and each round will have its own design.

In all, NFTs will be distributed in 25 phases with 20 card designs released in every phase. The Duelist King team reiterates that not all cards from previous rounds will make a return in the latest distributions.

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Every NFT box will include five cards of random rarity levels: the randomness of this distribution will be guaranteed by the purpose-built on-chain mechanism by Duelist King.

Duelist King CMO Nicole Nguyen stresses the importance of this round for building the Duelist King community in 2022:

By adding a new variety to our existing characters as well as our integration of Fantom enabling faster and more secure transactions, we believe this has paved the way for even more community members to get their hands on our new batch of cards as well as appeal to our existing members who are looking forward to power up their decks for the soon-to-be-launched game.

New use cases for native token DKT

To join the club of Duelist King GameFi players, a crypto holder should own at least 22 NFT cards. These cards can be obtained from both distributions on native platforms and secondary sales campaigns on Refinable, OpenSea and, very soon, on Binance’s NFT platform.

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Players can take part in online tournaments and challenges in order to win stablecoins and DKT, a core native utility and governance asset of the platform.

Also, DKT token can be used by Duelist King newbies to participate in the second sales campaign.

As covered by U.Today previously, the Duelist King private sale raised $1 million from a clutch of high-profile VCs.

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Jailed Silk Road founder set to auction NFT series

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  • Jailed Silk Road founder sat to auction NFT series
  • The NFTs will be auctioned from December 2 to 8
  • Twitter users are torn over support for Ulbricht

Non Fungible Tokens, or NFTs as they are fondly called, have been crushing the entire crypto markets, gaining popularity. Although it is not something that has gained massive popularity, the adoption is increasing by the day. In recent news about NFTs, jailed Silk Road boss Ross Ulbricht has announced that he will float his NFTs starting December 2. Going by his post earlier today on Twitter, Ulbricht will sell his Ross Ulbricht Genesis Collection.

The NFTs will be auctioned from December 2 to 8

According to further details, the drop is scheduled to drop on the famous marketplace, Superare, and will last from December 2 through December 8. The NFTs, as explained in the post, were arts made by the Silk Road founder, which were minted into NFTs by some of his fans. The arts that make up the NFTs consist of various arts that Ulbricht made while growing up and even after he was convicted and sent to jail.

The first few arts were majorly comical drawings he made while growing up, with the rest just bits and pieces from his court appearances and all-around art drawings. According to the statement, all the money made from the auction will be put into efforts geared towards making sure that Ulbricht regains his freedom from custody. Some of the funds have also been earmarked to be paid to Art4Giving, a charity organization tasked with helping jailed victims and their families.

Twitter users are torn over support for Ulbricht

Ulbricht has been in the news for bad and controversial reasons after being sentenced to jail in 2015. Before jail, Ulbricht was the founder of Silk Road, a dark web marketplace where most activities carried out were illicit. For example, since the marketplace launched in 2011, it afforded all types of users access to legal and illegal stuff provided they can pay with leading digital asset, Bitcoin. The update on Twitter took most by surprise as people have now started to choose sides. While a small part of the population does not support Ulbricht, most users think he should use it to get freed from prison.

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According to a user, even though Ulbricht’s cause for the auction is good, normalizing Ponzi NFTs is now overreaching as regulators need to do something. Others with the same school of thought think that although there are more immoral things to do, NFTs are also a greater evil than most. Some think that even though those that favor Bitcoin might be against Ulbricht, he was integral in pushing for the adoption of the asset during the early period.

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Breaking: Convicted Silk Road Founder Announces NFT Auction Dates

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Ross Ulbricht, the convicted mastermind behind now-defunct dark web marketplace Silk Road created quite a stir on crypto Twitter with his NFT auction dates. A Twitter account run by Ulbricht’s supporter announced that the auction for his collection of NFTs will begin in two days. The NFT collection titled “the Ross Ulbricht Genesis Collection” will be available on the Superare NFT marketplace from 2nd December to 8th December.

The auction will see 11 of Ulbricht’s personal and hand-drawn art collections minted into NFTs go under the hammer. The artwork comes from different stages of Ulbricht’s life and the proceeds of the auction will be used to create a fund to support his efforts to get free. The Crypto community encouraged the decision despite many claiming it would dent his fanbase. A popular crypto influencer who goes by the name of Crypto Cobain lauded the effort and called out those with a negative take. He also said that Ulbricht has probably done more for the Bitcoin community “than all of the laser eye cult combined. ”

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Ulbricht is currently serving two consecutive life sentences plus 40 years in prison for his role in creating and operating the infamous Silk Road marketplace. The darknet marketplace was a free market where a buyer and seller connected anonymously to make the trade. The Silk Road started in 2011 and was eventually busted and shut down by authorities in 2013 post-Ulbricht’s arrest. In its two years of online activity, Silk Road saw total transactions of $1.2 billion.

Many people believe Ulbricht’s two life sentences were too harsh of a punishment for a non-violent crime and have been rallying support to get him free for years. His supporters also rallied for him to get pardoned by former President Donald Trump.

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Silk Road Bitcoin (BTC) Connection

Silk Road is also credited for popularising the use of Bitcoin (BTC) on the darknet and that gave the digital currency and early traction and also helped it get into mainstream news.

The notion that Bitcoin is a perfect tool for criminals mainly comes from its early use on Silk Road. However, the Bitcoin community couldn’t be more thankful and has always rallied in support of Ulbricht.

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