Coinsilium Group Limited's (LON:COIN) Malcolm Palle joins Proactive London's Katie Pilbeam to explain their subsidiary Nifty Labs development work on a new non-fungible token (NFT) project to create an ‘NFT on Bitcoin’ marketplace platform powered by the RSK blockchain, a smart contract platform secured by the Bitcoin network.
The development of the marketplace platform is expected to complete within six months, with the initial focus to be on NFT use-cases such as digital art, music, sports, gaming and metaverse assets.
Palle explains that they will also be targeting brands and that there are some exciting conversations going on currently behind closed doors.