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A Review of Ekta

Started by Bitcoin, Mar 01, 2022, 05:08 pm

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A Review of Ekta

Ekta is one of the trending blockchain protocols that bridges the physical and digital worlds. Named EktaChain, the mainnet leverages the power of blockchain in its tokenization of real-world assets. Hence, EktaChain facilitates the representation of physical assets and their real-world value as virtual analogs.

In its operation, Ekta aims to offer users a platform to build a profitable and robust portfolio of real-world assets, but on-chain, and for all budgets and types of investors. Its mission to tokenize traditional businesses, natural resources and real-world capital provides both brands and individuals the opportunity to grow using their assets.

Ekta NFT Marketplace

Following through on its roadmap, Ekta will soon be launching its own NFT marketplace. Non-fungible tokens are an emerging technology that has exploded into a major industry in short order. It's now one of the main tools for brand marketing, advertisement, funding, and other purposes. However, NFTs only have sustainable value when backed by real-world use cases and assets.

Launched in August 2021, Ekta stands as one of the most focused decentralized protocols to align blockchain with the physical world. It is preparing a unique and transparent self-developed NFT marketplace for NFT enthusiasts to explore that value asset-backed assets rather than only digital art as NFTs.

In line with its vision, Ekta will create a cross-chain NFT platform for trading, staking, and exchanging physical assets with digital assets representation. The Ekta NFT marketplace will serve as a bridge where NFT developers and owners of the physical assets interact with other brands and individuals through their virtual collections.

Ekta's Vision for its NFT Marketplace

Ekta's mission is to bridge blockchain to the physical world and spearhead mass-market adoption. The protocol aims to achieve this goal by creating platforms that deliver real-world utility and benefit to people and communities that are not yet on-chain. In doing so, Ekta will fulfill its vision of creating profit with purpose through its NFT marketplace.

Here are some of the physical assets that could be represented as NFTs.

  • Real estate

  • Verified Carbon Units (VCU)

  • Equity in startup companies

Generally, users will be enabled to tokenize different assets on Ekta, which range from properties to utilities irrespective of the location globally.

Moreover, Ekta supports project development that targets different industries such as smart tech, clean tech, alternative medicines, ocean start-ups, aquaponics, and permaculture.

The overall functionality of the Ekta ecosystem includes some features already launched like its own blockchain explorer (, its own bridge (; and soon-to-launch platforms like the Ekta NFT marketplace, Ekta's Hybrid Exchange (HYBEX), and Ekta Wallet. With all the available tools and functionality of Ekta's blockchain mainnet, the protocol's ecosystem empowers different partners and projects the right platform for development and profitability.

Is Ekta Safe?

Though EKTA tokens are non-mineable currencies, you cannot mine any new tokens from other sources as the mainnet already has pre-mined tokens. It entails that EKTA's digital currency is not completely decentralized which poses a security concern. Given that, Ekta saves loads of energy due to its pre-mined token. However, users new to Ekta World should consider taking all the security measures, for instance, two-step authentication.

Why Should You Choose Ekta?

The best thing about Ekta that appeals to new users is the access to real-world assets. For instance, you can buy land and real estate in Indonesia through Ekta's NFT Marketplace. In fact, the carbon footprint of Ekta is less than others because it has pre-mined digital tokens.

Source: A Review of Ekta