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Carnaval will be a ground-breaking enterprise that will capitalize on the rise of the NFT and the crypto market in general. The non-fungible scheme is unique in that it will be built on Bitcoin rather than Ethereum.
Latin NFT market will arrive based on Bitcoin
According to sources, RIF, which stands out as an open SDK collection, has entered the Latin NFT industry. RIF provides controlled trading to make Bitcoin transactions easier.
Carnaval, a non-fungible token project, aims to transform the economic model so that Latino fans grasp the actual sense of ownership related to non-fungible tokens. However, within the platform, virtual items with a physical state will be able to be traded for the same value as they were paid for online.
Carnaval will feature a virtual auction with over 200 NFTs associated to simple graphics, as well as a few surprises. The web portal will also work to support the efforts of museums, galleries, and famous artists on the continent.
There has been a significant shift in art auctions and artist popularity since the NFT transaction was introduced to the world. However, it has had issues receiving new members, new bids, and even the cryptocurrencies that the market accepts, just like any other virtual project.
Given the current state of virtual commerce, Carnaval appears to be a solid NFT platform based on the RIF and RSK advances. According to Diego Zaldvar, the RSK company's founder, the commercial platform would bring together NFT works, artists, and the continent's developing Bitcoin market.
The first NFT auction at Carnaval will take place in April and will showcase roughly 200 digital pieces. During the auction, the Ciraolo Fab masterpiece "Frida del Rey" will be offered. There will also be a performance of Luciano Garbati's "La Medusa con la cabeza de Perseo."
Developers will be able to register for the NFT platform in Latin America beginning April 1st. People who register before the NFT auction's official start date can send out personal invitations. RBTC and Bitcoin can be used to purchase the NFTs that will be auctioned.
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