Update 
J.P. GETTY LTD. announced on the 9th that it will carry out an Egg & Partners project with XNOTI INC., a reverse auction platform, to develop an EGVERSE platform for auction and reverse auction transactions.
J.P. GETTY LTD., a Singaporean corporation, has joined hands with Xnoti, which has secured 2 million cumulative members since 2012 to develop an EGGVERSE platform for distributed B2B and C2C auction and Dutch Auction using NFT and hybrid blockchain technology.
The EGGVERSE platform, centered on XNOTI INC., introduced Metaverse technology, along with blockchain and NFT technology, to overcome the limitations of the existing auction and reverse auction system and to accommodate the rapidly changing demands of the auction and reverse auction O2O (O2O) market.
The established EGGVERSE platform is an auction and reverse auction market for B2B and C2C transactions using NFT, an Eggdrop system for linking transactions signed on the blockchain with in-kind transactions, EGGFI for EGT holders, and Eggware for developers, Eggfriends for partners,
It has an ecosystem consisting of egg courts for governance.
The EGGVERSE platform focused on solving the problem of transparency and fairness of the auction and reverse auction system by recording bidding and successful bid contracts for each transaction on the Polygon mainnet through a smart contract.
NFT products are items such as houses, luxury watches, bags, jewelry, and luxury cars used in movies to accommodate the needs of more than 3,000 sellers of XNOTI, including filmmakers, companies, and joint purchasing organizations, and provide auction market services to trade them.
Buyers of the NFT have completed the NFT O2O platform that allows them to receive not only NFT digital assets but also spot matching the actual NFT through the Eggdrop system. In addition, the NFT product category and NFT generation function are implemented separately, so the product group is expected to become more diverse.
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