HOVR NFT Marketplace — The Next Web 3.0 NFT Marketplace on QI Ecosystem

Sriyan Fernando (Showmer)
5 min readNov 5, 2022

Introduction

In earlier days, we had not so profitable NFT marketplaces in the crypto market. Now, thanks to the vision of many teams, multi functional and profitable nft marketplace have been emerging that have a combination of multiple directions.

Today, with this writeup, I suggest you to learn about the new promising NFT marketplace called HOVR marketplace, that has many features to surprise you, so that everyone can take advantage of the best functionalities for buying and selling assets.

What is HOVR Marketplace?

Simply put, HOVR Marketplace is a web3.0 NFT marketplace. Also HOVR marketplace based on Qi Blockchain. Qi is open source layer one blockchain platform, which can be used to launch decentralized application and deployment of enterprise solutions. It is built on proof of work(POW) consensus protocol. It was created to support economic growth for crypto lovers. $QIE is the utility coin of Qi blockchain.

It is a platform that allows users to develop Web 3.0 domains, generate NFTs that can be used in both games and the metaverse, and can be used as NFTs. Can be used with wide range of properties.

Here, you can mint,sell,bid and purchase nfts. For that you need $QIE coins. This marketplace has very low gas fees, when you compare with other marketplaces. HOVR marketplace is layer one(1) project. so there are no privacy or hacking issues as with Layer two(2) project.

Addition to that, HOVR will share up to 80% of the 2.5% transaction fee it charges on the NFT marketplace with the creator and referral partners.

Also HOVR created a native NFT collection of the world’s 10,000 biggest cities ranked by population. These NFTs will be part of an upcoming play-to-earn metaverse game where users aim to achieve world domination. NFT holders can own their city and conquer other locations.

Addition to that, HOVR is the world`s lowest transaction fee NFT Marketplace and also the world’s first NFT marketplace to successfully create a .pdf NFT. The pdf NFTs allow for blueprints, secretive documents and wills to be successfully stored on the QI blockchain as well.

How is it different from other Marketplaces?

  1. Lower gas fees.
  2. No privacy or hacking issues due to layer one(1) project.
  3. It has a NFT maker, which can be used to own images for NFTs.
  4. You can create both offline NFT and live NFT.
  5. You can buy web 3.0 Domains.
  6. You can create social media avatars.

Key Features:

  1. Buy or bid or sell or mint NFTs.
  2. You can create own custom nfts. that can be used both in games and the metaverse.
  3. Decentralized and more advanced security.
  4. Fee sharing option : Every liquidity provider will receive a fee from the trading fee.
  5. Multi-Level Marketing : This will allow users to generate a steady passive income.
  6. It Created world’s first pdf type NFT. So you can store any private document as an nft.

How to use it:

Simply visit the HOVR marketplace website, connect the marketplace to your crypto wallet and start earning. Also you need to add QI network to your wallet.

Click Connect Wallet -> Approve from the wallet

Eg : To connect with Metamask on QI network, you can go to Networks in Settings and can add following parameters to add network

After that you need $QIE coins to buy the nfts.

Tokenomics:

$QIE is the utility coin of Qi blockchain.

Coin Name : Chie ($QIE)

Network : Qi Network

Total Supply : 150 Millions

Latest Updates :

  • October 2022 — HOVR NFT Marketplace(Lowest fee NFT marketplace) on Qi
  • HOVR Hooligans NFT`s already available on HOVR NFT Marketplace. HOVR will mint only 10,000 NFT`s which each represent a different unique city called the HOVR Hooligans collection and share in the trading fees of the NFT exchange.

Roadmap :

What new updates are coming to HOVR marketplace?

1.NFT Fractionalization

NFT that has been broken down into fractions to be sold individually. So you don’t need to worry about the higher prices of NFTs.

2. Physical Item Verification

If the creator start a vendor collection and issue 1000 pens in case of each item with different token id, We will provide mobile app users can scan to see metadata of last sold price, owner, if it is the real one or a fake one.

3. Web 3.0 Identities

It is generally an address on the internet used to find information and data associated with a particular individual. It will provide complete control of a user’s data by that user with an interface to the decentralized web. You can get unique web identities like this (Anyname.qie). It will be released soon.

General questions:

Q1. How to buy the $QIE?

Currently, $QIE is listed on multiple exchanges including Bitmart , XT.com and DigiFinex. You can use USDT to buy $QIE coins.

Q2. How HOVR marketplace is different from other marketplaces?

I did some benchmarking with other products. When you compare with same blockchain network(Qi blockchain) marketplaces, it has zero competition from other projects.

If you compare different blockchain network products, HOVR’s main competitor could be Rice Store marketplace.

Summary:

As you can see, the HOVR marketplace is so much more than just a regular marketplace and it already has a number of excellent and working features for using assets and making money on them. In simple words HOVR is marketplace for everyone and right now you can start using its features and earn additional income.

Finally, this project have great value in the long run. At the moment, it has some competition from other projects.

To enjoy all exiting features that HOVR marketplace provides, you need to visit the official website and there you will get more information about the features of the marketplace, its functions and also start using all the available functionality right now.

Unlisted

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