As the NFT ecosystem continues to grow, so are the challenges associated with it. Some of the most critical of these challenges are transaction fees which have hit the roof, particularly on Ethereum. There is also the problem of slow transactions due to congested networks and an uncoordinated marketplace that makes it difficult for sellers of NFTs to locate buyers.
A new solution, Secretum has been introduced to help solve these problems. Launched on the Solana blockchain, Secretum is an NFT trading app that is designed to solve the above-listed problems. The blockchain-based platform also makes it possible to store NFTs safely and trade quickly.
It is the first and so far the only decentralized, encrypted messaging and OTC trading app, built on the innovative Solana Blockchain, Secretum facilitates among other things:
- Peer-to-Peer trading of NFTs and crypto tokens between traders. This removes the need for exchanges or any third party for that matter.
- Direct and anonymous registration as well as communication with other users of the platform from any part of the world.
- Highly secure storage of NFTs and files on a distributed node network. This eliminates the risk of a hack or data leaks.
With its launch on Solana, Secretum will facilitate low-cost transactions which are 99% cheaper than Ethereum’s average transaction fees. Solana also has a significantly higher transaction throughput than Ethereum. It can process 4,000x more transactions per second which makes it much faster.
At the same time, Secretum will be combining the speed and low-cost transactions on Solana with the cross-chain Ethereum Virtual Machine recently launched on Solana. This will give it advantages that are unique to both blockchains, making it more attractive to investors in the NFT ecosystem. This greatly increases the chance of the platform becoming the preferred destination for trading NFTs and secure messaging.