Ekta, the first truly simultaneous on-chain and physical community, will soon launch its own cross-chain mainnet through the Ekta token initial DEX offering on Aug. 20. The IDO will be held on Ekta through its own decentralized application.
Ekta is the first cross-chain blockchain project to truly merge the physical world with the on-chain world to create value in both. In the Ekta ecosystem, physical assets can be represented as digital analogs through the launch of Ekta’s own nonfungible token platform and marketplace. This new trading and exchange venue for NFTs will be a blockchain-based cross-platform ecosystem for the sharing and trading of physical assets represented in a digital format. Through the Ekta NFT marketplace, Ekta will provide a novel way for NFT creators and the owners of physical assets represented as NFTs to connect with consumers and brands through their digital collections.
In the world of Ekta, NFTs represent ownership rights, fractional ownership or use of land, starting in Southeast Asia. This could include a resort villa, a piece of beach frontage or a right to marina usage. Ekta will extend this functionality to real estate, property and utilities all over the world. For example, through Ekta, a fractionalized ownership in a forest could be made available in a virgin forest with a goal of offsetting carbon, or entire ecosystems could be protected through ownership on the blockchain.
Throughout Ekta’s early lifecycle, the team will look to work closely with land and real estate developers in Southeast Asia who are keen to collaborate on our vision of building a truly inclusive and sustainable ecosystem, where the digital and physical worlds collide. Through Ekta, communities from Indonesia and beyond will be empowered to come together through blockchain modules that enable transparent, instant and secure transactions that facilitate the efficient exchange of capital. Ekta’s focus on building and rewarding communities starts from day one.