Zebi – Blockchain & Big Data: Full-stack blockchain network with non-fungible tokens or NFTs

Pruthvi Rao, CEO & co-founder, Zebi

By Srinath Srinivasan

Zebi is a full-stack core blockchain community from Hyderabad with workplaces throughout USA, UAE and Singapore. The community is just like different blockchain networks like ethereum, NEO and so forth; it permits for adopters to be part of it and construct options on high of it. Whereas the startup has labored on varied purposes for enterprises up to now, its newest providing, NFTs (non-fungible tokens), is predicted to deliver extra adopters of blockchain on to their community.

“NFTs are like collectibles, restricted in quantity with a sure worth to them,” says Pruthvi Rao, co-founder and CEO, Zebi. “It is sort of a property you personal. The costs go up or down based mostly on demand after which in order for you, you may promote them. When you promote, the possession transfers to the client,” he explains.

NFT can characterize or include any piece of content material. “It could possibly be a video, {a photograph}, or a murals,” says Rao.

Zebi, which has up to now raised $15 million in funding, says NFTs will open up an enormous market in itself. “Wherever there’s a likelihood for content material and media, there will be NFTs,” says Rao. This doesn’t imply {that a} specific piece of media content material is not going to be out there on the net. “What we see as movies or different multimedia is simply a replica of the unique. There’ll nonetheless be these copies on-line even when there are NFTs of a specific piece of content material,” explains Rao.

NFTs don’t fall beneath the distribution enterprise and won’t disrupt it. “If some NFT is obtainable on the market on our community, you should buy it. There isn’t any distributor concerned and there’s no query of commissions,” he says. This opens up a brand new vary of enterprise alternatives for manufacturers. “Quickly we’ll see lots of people creating content material based mostly on the expertise and spreading consciousness concerning the expertise, which opens up new job alternatives. And as for creating NFTs, corporations like us will facilitate that. For companies, it turns into a model constructing exercise and a brand new stream of income,” says Rao.

Not too long ago it labored with Gaames Limitless, a licensee of Worldwide Cricket Council, to create NFTs for the cricket ecosystem.