Sokos — A Unique Experience in the NFT Trade

cryptoinmind (30)in #sokos • 2 years ago (edited)

Overview

Non-fungible tokens (NFT) are an emerging technology that has already seen a ton of use cases outside the typical NFT application — which right now is mostly for trading artworks and game characters. NFTs can be used to represent physical objects, digital content, or even intangible concepts like intellectual property too. It’s crazy to think about it beyond digital content, beyond 2D or 3D images, but there are several actual practical uses for it too.

NFTs and the gaming industry are a match made in heaven. NFTs can be integrated into the gaming world by allowing NFT cross-platform playability. NFTs, give game developers another way to expand their brand and create another revenue stream, while gamers are given more incentive to keep playing a game if they already own characters or items within it. This opens up all kinds of possibilities like never before including purchasing weapons or other equipment that has been tested by people who used it.

NFT use cases are still in their infancy, but it is clear that not only games will benefit from this, but also regular people who are going about their daily lives. For users looking to get involved in these blockchain-based games and start earning cryptocurrency and NFTs, here is another potential project SOKOS

What is Sokos?

Sokos is an NFT decentralized marketplace that gives you access to your own NFT of real tangible products that have commercial value, digital assets, art, collectibles, and many more. The aim of SOKOS is to deliver a unique experience in the NFT trade where the user can own an NFT as proof of ownership and the real product also.

Goal of Sokos

The goal is to register world-class artworks as NFTs on the blockchain.

Vision of Sokos

Sokos wants to be the ARK Funds of the NFT industry, bridging the gap between top-tier artists and blockchain technology while also supporting the rise of native crypto NFT artists.

Why Sokos?

Authentic — All rare collectibles are vetted by the Sokos team and have the rights to sale, hence when the user buys an NFT on Sokos they buy the original product, and the ownership of the NFT is transferred, so in the future when there is a secondary sale, the record of this product is there with genuine proof of ownership.

Unique — Since the Sokos team makes sure that every product whether a tangible, physical product or digital product is one of a kind, and its properties of metadata are vetted, this makes the NFT a unique offering.

Diversity — Sokos offers NFT from a variety of industries, such as sports, entertainment, art, and fashion. Exclusive NFT such as limited edition collectibles, images, autographs, Videos, artworks, etc. of all the well-known celebrities and athletes can be bought and sold in one place.

Ecosystem of Sokos

SOKOS provides 2 areas of operations through its Blockchain-based NFT platform, NFT Market Place, and NFT P2E Card Game.

NFT Marketplace — The SOKOS team carefully looks for genuine products that have commercial value in the field of Sports, art, and collectibles and digitizes the product. The next step is to mint an NFT of this product and make it available for sale on the marketplace. While minting the NFT there is an option to mint a Single unique NFT or multiple supplies NFT that can be sold at a fixed price or auction.
There are two types of NFTs on SOKOS, Physical products digitized with NFT and Digital Products.

Physical NFTs allow the holder to have access to physical goods. For a lot of brands, it is the perfect utility — by opting for Physical NFTs, brands provide real-life value for those who still identify NFTs as simple JPEGs.
An NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including Art, GIFs, Videos, sports highlights, Collectibles, Virtual avatars and video game skins, Designer sneakers, Music, etc

NFT P2E Card Game — A unique one-on-one card playing game is the engaging gaming solution of this platform. This gaming solution is the second phase of product development.

A Cartoon Character — G.O.A.T — This character is the central theme of the game. Based on this character, different breeds with unique attributes will develop the game

Every character has the following skill sets: These skill sets are dependent on the type and breed of the character.

SOKO Token

A native utility token of the SOKOS platform. The token will be used to purchase NFTs on the platform, stake SOKO token, earn rewards in SOKO token, Stake SOKO token for governance voting. The SOKO token is minted on the Polygon Matic chain with erc20 standard. The token will have a limited supply and will be burned over a period of time to maintain the demand and supply ratio.

Tokonomics

Token Name: Sokos
Token Symbol: SOKO
Total Supply: 500 Million
Network: Polygon

Token Utility of SOKO

Staking and Rewards
NFT Purchase on the SOKOS NFT Marketplace
Stake to Play the NFT Card Game
Game rewards paid in SOKO
Game character development paid in SOKO

Conclusion

Sokos intends to create a community with access to innovative digital products while also providing the best user experience. The goal of SOKO Coin of integrating blockchain technology into our daily lives appears to be very realistic. If accomplished, it would open the doors of NFT to the untapped billions still looking to cross over to this site. SOKO Coin’s use cases are unrivaled, combining the best of multiple worlds to offer a rich and diverse array of digital products.