United States, July 20, 2021 /AlexaBlockchain/ – US-based information technology firm NexWEB Technologies today announced that it will soon launch a new NFT platform which the company is building by utilizing the Butterfly Protocol.
Launched in 2021, Butterfly Protocol in simple words is an ICANN alternative. Founded by Josh Robinson and Cortland Langworthy, Butterfly Protocol functions as a decentralized autonomous organization (DAO) and offers a variety of blockchain-based TLDs and subdomain names.
NexWEB will leverage the open-source toolset of Butterfly to build additional tools to enable NFT (non-fungible token) marketplaces to be developed and deployed quickly.
Eddie Quiroz, Founder of NexWEB, said:
“The world of the decentralized and distributed web has reached the tipping point of use as decentralized finance and markets around digital assets drive growth. The Butterfly Protocol provides NexWEB with a baseline for using a naming system that replaces traditional DNS for the centralized world of the internet. By using Butterfly, we can build a robust ecosystem of tools for this emerging space that allows developers to create rather than invent.”