NFTs
NFTs have simply revolutionized digital art. Non-Fungible Tokens (NFTs) are a special type of token that represent a unique digital asset. In this case, the asset in question is digital art.
Codefy
Codefy allows the community to be able to validate and authenticate art by NFT artists. Through the QR technology embedded in the artwork created by our artist partners, it is possible to verify the entire history of that NFT through our database integrated with the blockchain via the Binance Smart Chain network (BSC) and the Ethereum (ETH) network, using an API developed by the Codefy Team. Our platform allows for the application and registration of any digital artist, as long as they go through a KYC analysis process. We are developing a solution that authenticates the intellectual property of digital art, both for the buyer and for the artist.
Why we use QR technology
Trends indicate that, over time, the use of QR technology will become increasingly greater, making knowledge about it particularly important.
Originally developed in Japan, the Quick Response code has since revolutionized many sectors, both online and offline. It optimizes company communication, overcomes location barriers, replaces traditional codes, and promotes agility and cost-effectiveness.
The advantages of investing in this option are numerous.
For example, by using a QR code we can guarantee the originality of the art and thus bring security to the bearer of the piece, guaranteeing the authenticity of their collection.
What are QR Codes?
The technical definition of the ISO 18004 standard describes the QR Code as a symbol that uses specific methods of character and data encoding.
In practice, they are 2D codes that can store high volumes of data.
It is possible to read the information contained in them by simply scanning the image with a smartphone camera. There are also apps available which are specifically designed for this function.
On the business side, the QR code is a facilitator, as it allows consumers to be directed to a page or service immediately, without having to complete several steps.
What are the benefits of using QR codes?
Pointing your phone’s camera anywhere and anytime to a patterned symbol and accessing a service is already a big advantage. After all, time is saved that can be spent on other activities. Nonetheless, there are even more benefits to using QR codes.
Practicality
Those who wish to obtain detailed information about a purchase, product or action can rely on the practicality of the QR code. In seconds it is possible to clear up any doubts, share information with third parties and get to where you want to go. Moreover, it is not always necessary to have a modern cell phone or tablet for this!
Easy for users
People who are not so familiar with the digital universe also see the QR code as an advantage. After all, it is simple to use — a literal shortcut at your fingertips. This allows users, for example, to avoid problems such as fraud from a purchase by checking information recorded on the blockchain (such is the case with NFTs) and obtaining more details about the product.
How to participate in NFT airdrops
CODEFY COLLECTIONS NFT campaigns via airdrop will be launched by way of this protocol, with and without the participation of partners and promoters.
The intention is to divulge styles and reveal new artists to the market, thus promoting the CODEFY community to future artists and protocols.
For the public to participate, it is necessary to accompany the news regarding projects in progress. We will always release new collections and some rare pieces, from the team and affiliates, as described in our whitepaper, with a relevant distribution policy for each collection described on Twitter and Medium. To participate in Codefy’s NFT airdrops and affiliate program you will need to have the initial amount of 500.000 CFY. The minimum amount of 100,000 CFY tokens will ensure that you receive an NFT according to your tier.
NFT Tiers:
Tier 0 = 100.000 CFY 1 NFT (Common)
Tier 1 = 250.000 CFY 1 NFT (Rare)
Tier 2 = 400.000 CFY 1 NFT (Epic)
Tier 3 = 800.000 CFY 1 NFT (Legendary, may contain artist signature)
If there are more holders than NFTs, a lottery will be made per tier.
Example: Suppose that 100 common NFTs, 40 rare, 10 epic, 1 legendary are minted and that there are 200 people in TIER 0, 50 people in Tier 1, 25 people in Tier 2 and 10 people in Tier 3.
In the aforementioned case, there would be a draw and only 100 people from Tier 1 would receive an NFT and 100 would not receive one. In Tier 2 only 40 people would receive an NFT and 10 would not receive one, and in Tier 3 only 10 people would receive and NFT and 15 would not. In Tier 3, only 1 person would receive an NFT and 9 would not.
Cross Chain Solana
Codefy will integrate with Solana to deliver fast and low-cost NFTs.
Solana is a web-scale blockchain that provides fast, secure, scalable and decentralized applications and marketplaces. Solana uses the proof of stake consensus mechanism with a low entry barrier, in addition to time-stamped transactions that maximize efficiency.
