Traditional assets such as silver are “fungible”. For example, if you lend someone one hundred dollars, you don’t need the borrower to repay exactly one hundred dollars Invoice. On the other hand, if you loan someone a unique piece of collectible oil painting, you would expect the same oil painting to be returned, and in such a case, that painting to the oil is described as “non-fungible”.
TVN, which stands for “Non-Fungible Token”, is a revolutionary class of non-fungible digital assets. NFT allows holders to prove the authenticity and ownership of digitized assets. NFT opens up limitless opportunities for innovation, although most of the NFT markets currently focus on digital art, games and music, fashion, and sports collectibles.
WEIFENG TECHNOLOGY plans to launch JERITEX in August 2021, which will be integrated with partner e-commerce platforms via NFT gateways. A number of e-commerce platforms specializing in fashion, cosmetics, smartphones, sporting goods and other luxury goods have expressed interest in partnering with WEIFENG TECHNOLOGY so that they can offer a plus wide choice of payment gateways to their users beyond current options such as: VISA®, Mastercard®, PayPal®, AliPay®, VNPay®, etc.
WEIFENG’s NFT technology enables e-commerce users to seamlessly exchange goods and merchandise within USDR, which is a stable coin pegged to the US dollar and can be traded on an E-comercial site. The list of WEIFENG TECHNOLOGY partner e-commerce platforms will be unveiled in the third quarter of this year.
JERITEX, which debuts in August, is one of the solutions in the WEIFENG TECHNOLOGY ecosystem. JERITEX operates on the Binance Smart Chain (“BSC”) protocol, in addition, it develops NFT (“non-fungible token”) payment gateways and stablecoin payment applications, with the goal of revolutionizing e-commerce. JERITEX aspires to become one of the top 5 trading exchanges within the next two years.
WEIFENG TECHNOLOGY SOURCE