LTO Network Unveils NFT2.0 Technology
LTO Network will utilize its upcoming “TITANIUM” update, to create a new generation of digital assets, and allow total decentralization for digital ownership.
AMSTERDAM, November 17, 2021 – LTO Network, Europe’s leading GDPR compliant blockchain, announced that it plans to implement its next major update “TITANIUM” which will allow its users to issue fully decentralized NFTs.
The rapid growth of NFTs (non-fungible tokens) in the digital space has spurred a technological gold rush, drawing unprecedented numbers of creatives, freelancers, entrepreneurs, and venture capitalists, to a vast, unexplored digital frontier. Unlike the existing NFT technology, which is limited due to its centralized nature, LTO Network’s NFT2.0 will allow its users to maintain full control over their digital assets. Users will have the ability to manage, trade, or use their assets instantly as the digital asset can exist either on a user’s phone, wallet, or laptop.
In an effort to make its new NFT2.0 technology more accessible to users with existing accounts on NFT platforms such as OpenSea and Rarible, LTO Network will utilize its strategic partnership with ChainLINK to provide a cross-chain bridge between different blockchains.
“The possibilities are infinite. Anything can be turned into an NFT. Whether it’s your art, your car, or your house… your assets can become part of the metaverse. Using NFT2.0 in the open metaverse, you will have the power to create something in one world, and bring it with you to the next.” said Arnold Daniels, Lead Architect of LTO Network.
“With NFT2.0, Titanium will empower content creators such as musicians, artists, and game developers to build a world around themselves.” said Rick Schmitz, CEO of LTO Network.
Founded on B2B enterprise solutions such as Data & document verification and authentication, LTO Network’s (2-layer) approach is natively GDPR compliant, ensuring smooth compliance for international companies facing ever-increasing privacy laws. LTO Network enables developers and businesses to build Privacy Aware Decentralized Apps (PADA) which offer many unique opportunities for projects to explore.
Following its recently unveiled Cobalt mainnet update, LTO Network is rapidly expanding its functionality and usability through the addition of NFT2.0 technology and Decentralized Identifiers/Verifiable Credentials as its first step towards becoming a global, leading layer-1 blockchain.
Notable Projects
- goLandRegistry (United Nations)
- Waste Management Workflow (Dutch Interior Ministry)
- Transparent Certificate Securing (NEN: Royal Netherlands Standardization Institute)
About LTO Network
The LTO Network team is on a mission to create and maintain a fully decentralized and highly efficient blockchain infrastructure, directly applicable and aimed at creating value for organizations. LTO Network can be used by any company with a need for a production-ready blockchain that allows for digital verification of digital assets and enabling collaboration through the use of decentralized workflows.
Media Contact
LTO Network – Press & Media Relations
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