LuxFi Weekly Backers
This week LuxFi is delighted to introduce RioDeFi as one of the supporters of our project.
RioDeFi is a blockchain technology company creating innovative solutions that connect businesses and financial institutions with distributed ledger systems. RioDeFi develops applications that enable lower transaction costs, quicker confirmations, better returns for holders of savings accounts, secure storage, and global reach.
The company specializes in cross-chain interaction, providing LuxFi marketplace users with the ability to transact with the tokens of their choosing. RioChain’s use of interoperable Substrate technology ultimately becomes relevant to LuxFi’s value proposition in its ability to bridge the gap between physical assets and NFTs, while offering a seamless experience to users.
Using a Proof of Authority consensus model of trusted nodes, RioChain is designed for security, speed (2s/block), efficiency (low transaction cost and electricity usage), and scalability (3,000+ transactions per second).
Rio Fuel (RFUEL) is RioChain’s native cryptocurrency and it is used to pay for all transactions on RioChain and power its applications.
James Anderson, CEO of RioDeFi: “By ensuring uniqueness and redefining ownership, NFTs represent a massive opportunity for the luxury industry. We are delighted to work with LuxFi on leveraging Blockchain technology to improve the luxury good markets.”
In appreciation of RioDeFi’s support and collaborative efforts, LuxFi has released a new LuxApe Army NFT as a token of our gratitude. LuxFi is happy to present it to the RioDeFi team as a creative representation of our shared efforts in the blockchain industry and NFT cryptocurrency space.
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Their vision is a world in which everyone has access to decentralized financial (DeFi) services. RioDeFi develops solutions that connect banking institutions with blockchain systems.
You can learn about RioDeFi using the links below:
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.
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