Build your NFT projects based on Velas

Now NFT is becoming more and more popular and gaining value among Internet users. Choosing the right project to create, buy, store, and trade NFTs is not easy. Therefore, next, we will talk about one of the best blockchains for NFT - Velas. Let’s first understand how NFT is related to blockchain. In order to transfer works of art to the blockchain, it needs to be “tokenized”. There are two ways to do this - issue one token for one work or split the work into several tokens, allowing it to be sold in collective ownership. NFT (non fungible token) is a non-fungible token that confirms the ownership of a work of art, most often digital. The token itself is a record in the blockchain, a kind of virtual "security" in the digital world, the value of which is determined by its creator. And now let’s talk about why the Velas blockchain is an ideal place to create, store and sell NFTs. The throughput of Velas exceeds 50,000 transactions per second. It depends on the infrastructure of ISPs and in theory, can reach 700,000 TPS. Network transaction fees do not exceed $0.000001. An important advantage is the support of two virtual machines at the same time - eBPF (Solana) and EVM (Ethereum). A virtual machine is an environment in which smart contracts interact with each other. The Velas blockchain gives us three advantages at once: Low fees for users. Simplify user interaction with the blockchain. A wider range of work possibilities for smart contracts. Velas is also actively used to create non-fungible tokens. Among the well-known NFTs on Velas are Velas Punks and CryptoBroke. Velas Punks is a generated art, followers of CryptoPunks ideas. CryptoBroke is the first handcrafted collection on the Velas blockchain. Velas also provides security guarantees using advanced techniques. In particular, thanks to the basic characteristics of the Delegated Proof of Stake algorithm, the network is effectively protected from the "51% attack". It requires a consensus of at least 80% for a new block to be marked as valid. Although it is theoretically possible, in practice, the majority of 80% of malicious nodes gaining access to a new cycle block is beyond the real possibility. In addition, these protectionist controls ensure that the threat of double spending is eliminated. Velas provides the highest level of blockchain and user data security, guaranteeing the right to privacy. And also allows you to conduct transactions almost instantly. In addition, you can create an NFT on Velas and later store or sell it without any difficulties.