NFTs: Japan’s Non Fungible Token Marketplace “tomonity” to Launch on IOST

Japanese web app developer Omochi has announced its pre-registration of “tomonity” NFT marketplace on the IOST blockchain.

Tomonity’s “unique” benefits for its users reportedly include “free” transactions and a built-in wallet that “eliminates the pain of creating and importing a crypto wallet for new users.”

Register by April 30, 2022, 23:59 (JST) so that you can have  “a chance of winning Premium tomonity NFT.”

As mentioned in the update, all IOST dApps are “developed by third party developers.” The information provided “does not constitute any investment advice.” the announcement clarified. IOST also noted that they take “no responsibility or liability for any loss which players may experience.” Interested parties may contact the DApp team “directly for any questions.”

Free Transactions For Users on Tomonity Platform

Leveraging on the IOST’s “unique” consensus mechanism Proof of Believability, tomonity makes it “free to transact by covering the cost of transactions that occurred by the users.”

Besides the low cost of transactions on IOST, the tomonity team also “takes advantage of IOST’s technical superiority.”

Those include:

  • Writing to the blockchain can be reflected within a few seconds thanks to the IOST’s high transaction processing speed of up to 8000 TPS
  • IOST smart contract, JavaScript-based programing language is flexible and free
  • Developers can easily and securely write a processing program on purchasing assets with the original token (in-game currency).
  • Users-Friendly Built-In Wallet

In order to ease the barrier to entry, especially by artists and users with little to no background in crypto and blockchain, the tomonity team “introduces a dedicated wallet that is automatically granted upon registration as a user.”

With a built-in wallet on tomonity, users can “rest assured that they do not need a specific wallet for crypto assets, thus enjoying a break from going through the daunting process of creating and learning about wallets.” tomonity will also “provide a game API to service providers operating blockchain games that handle NFT items, allowing them to trade and buy and sell NFTs within the game.”

Here are some other notable highlights:

  • Limited NFT gifts for pre-registered users
  • 100 pre-registered users can win Premium tomonity NFT by lottery.
  • Those who missed the lottery will also receive an official NFT.
  • Register by April 30, 2022, 23:59 (JST)

(Note: Register here.)

As noted in a blog post, Omochi offers web application development/system development, specialized in web media management services and “also are engaged in the fashion business.”

As covered, IOST has noted that high fees and slower transaction times on the Ethereum network “have left the door open for new solutions to emerge,” and IOST is “one such project that has been gaining traction since its mainnet launch in 2019.”

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