Foil Network, a new generation of scalable blockchains has presented the Pure NFT standard in April 2021 as a true NFT solution for onchain provenance.
Storing NFTs on-chain
For years crypto enthusiasts were discussing the possibility of storing the data on-chain, but due to technical limitations of existing popular blockchains, such as Bitcoin and Ethereum, the onchain storage was not possible or was too expensive to be delivered to public use. The innovative cross chain platform is capable of processing blocks up to 60 Mbytes in a matter of seconds, making its own developed native technology delivering the direct blockchain data storage into reality.
A bridge from NFT to DeFi
In a matter of several months, Foil Network has been enhancing NFT and DeFi technology while sharing and launching their services into the public use. After holding the initial stage of airdrop, aimed at NFT artists and early adopters, the Foil Network Community has grown into a strong network of innovative blockchain supporters and adopters with over 50,000 retweets counting over 10,000 participants on various social networks, including Telegram and Twitter.
Offline NFT auction
Foil Network were the first to launch an offline NFT auction, gathering various artists and NFT creators, with a first NFT documentary movie and VIP NFT ticket sold, proving that NFT technology goes beyond just digital and crypto art into the ownership rights such as property and authentic authorship, DeFi instruments, and fully capable authenticity, thanks to pseudonymous verified blockchain identities implemented into Foil ecosystem.
Integration of Dogecoin and other cryptos
The blockchain has developed and released its own Web crypto wallet and NFT platform, while making it’s multichain capable by adding Bitcoin, Ethereum, Dash and Dogecoin via crypto bridges directly into the FOIL blockchain. After adoption of Dogecoin, Foil have decided to make it even better, by enabling payments in DOGE for NFTs while preparing the upcoming DeFi integrations into it’s NFT platform.
