Blockchain network undergoes $5 million investment round into NFT certifications
According to Forbes, the market for counterfeit goods is growing at an unprecedented rate, now accounting for an estimated 2.5% of world trade (over $450 billion). On the surface, many might overlook the percentage, considering only the perceived benefits, including the availability of low-cost knock-offs. It is only upon closer consideration that these same parties will realize that counterfeiting doesn’t just hurt businesses; it hurts the consumer too.
When a counterfeit good is purchased, the original creator loses out on a piece of their revenue, which at an estimated 2.5% will add up over time. Fewer sales result in less revenue being allocated to development cycles. Consequently, the result becomes a lower-quality product for the consumer. And this consequence leads to fewer taxes paid, fewer social services available and unintentional promotion of illegal activities and the underground market.
With the world now filled with lies, theft and other falsehood, authenticity is seen as a key determinant of value. Recognizing this growing concern, Skey Network, a dedicated platform for creating corporate NFTs, has made the decision to undergo a strategic investment round of $5 million into the development of the Go2NFT platform.
Go2NFT is a platform designed to provide NFT solutions to corporations attempting to secure their products. Boris Ejsymont, the chief business officer for Go2NFT, comments on this release being a natural progression for the existing network: “The ability to predict trends, universality, ease of verification, transparency of transactions, and the speed of the solution are all undoubtedly major advantages of the GoNFT project. With Skey Network on board, our projects will benefit from synergized
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