The Future: Volterra 2.0
For the most part, cryptocurrency is seen as a high-risk investment option for millennials and other members of the IT industry in Silicon Valley. As a result, decentralized digital currencies like Bitcoin have a wide range of potential use cases that are being overlooked in the buzz and speculation.
Cryptocurrency is taking over many industries, and it would be foolhardy to overlook this as the future of tech. The Future is crypto, but not just any crypto. In this article, we present to you our future; Volterra 2.0.
What is Volterra?
Volterra aims to challenge the norms that exist in the decentralized ecosystem of cryptocurrencies, as it focuses on a realistic approach rather than the system occupied by honeypot projects.
We are creating a system, unlike other projects that eventually bruise the long-term trust of new investors in the decentralized world.
Volterra is the energy that connects Defi to humanity while utilizing the future with an innovative approach.
Volterra is solving problems for humanity, rather than creating a get-rich-quick financial network that would eventually break.
The Volterra Token aims to solve the problems of mining rewards, farming rewards, and liquidity provisioning just as new-age cryptocurrencies would.
As an easy alternative to mining rewards, we propose allowing users to participate in a smart contract token reflection to produce tokens inside their wallets.
We propose utilizing a smart contract function to automatically capture liquidity to be used on the decentralized exchanges and held in custody independent from user possession.
Additionally, a smart contract that provides the capability to burn tokens can promote scarcity by reducing the total supply.
Together, the combination of these tokenomics may afford far superior benefits for the community within the decentralized venue. Allowing these functions to be amplified and dependent on volume provides an ideal incentive to expedite adoption and foster new use cases.
What It Hold for The Volterra Ecosystem
1. NFT and Art
Why NFT (Non-Fungible token)?
The cryptocurrency market is never still. Altcoins, stablecoins, and other project tokens are all emerging as new types of assets.
Every few years, however, a new type of crypto asset makes a significant sensation in the market, resulting in skyrocketing valuations and the emergence of a slew of new applications.
As a bridge between the digital and real worlds, Non-Fungible Tokens (NFTs) have proliferated throughout practically every sector of the decentralized industry. NFTs, as the name suggests, are one-of-a-kind tokens that grant holders immutable ownership rights to specified assets. NFTs have become highly sought-after in the crypto market as an asset class that may be tied to a work of art or a pair of sneakers.
There is no doubt that thousands of new-age tokens claim to use the NFT technology directly or indirectly, but it is also undeniable that many Crypto investors who have heard about NFT have yet to take the plunge, most likely due to the acquisition process.
Furthermore, it appears that all NFT platforms are essentially offering the same approach or idea for NFT.
Volterra NFT (LMC) is a new realistic and interactive way to NFT acquisition, similar to the popular augmented reality (AR) software (Snapchat) that many young people, including adults, use regularly.
Volterra NFT (LMC) would allow users to shoot live photos and short films (less than 5 seconds) that would be uploaded and turned into an NFT-Token. Volterra NFT (LMC) has interactive features that not only distinguish it from other blockchains but also provide a more engaging method to participate inside the blockchain itself.
How it works:
Millions of users use features like Youtube-Shorts, Snapchats, and TikTok that allow you to take short footage or photos and upload them to the cloud as memories that can be accessed at any time. These moments or memories are most times harnessed by the creativity of influencers/creators to bring entertaining content to people who are highly appreciated but undervalued.
Our Plan
When users capture moments live on our app and upload them, they are automatically transformed into NFT Tokens, giving them a real and higher value than normal media sharing social platforms.
Individuals and meme creators now can add value to their work. Because the asset class is new, determining the precise value of an NFT is tricky.
Physical collections such as NBA player cards have defined worth, whereas tangible artworks such as the Mona Lisa do not. However, we investigated the value people place on memories, particularly when they are unique and cannot be duplicated.
- Rarity
This factor determines how rare and “hard-to-find” a certain NFT is. The first-of-its-kind artwork from a well-known digital artist or an NFT developed by a celebrity is both examples of rarity.
Another uncommon consideration is the effect that such an NFT might have in a video game, for example.
People are drawn to such NFTs because of their inherent value, which is enhanced by the fact that the NFT’s owner also has blockchain evidence of ownership. This establishes a sense of distinctiveness and defines the NFT’s premium value.
The first CryptoKitties, Everydays -The First 5000 Days by Beeple, and others are excellent instances of the unique influence on the crypto business. As a result, Minted NFTs are uncommon, and only the owner has proof of ownership, giving them a sense of uniqueness and worth.
- Utility
The real-world use of an NFT determines its utility, whether in the physical or digital environment. Some NFTs, for example, can be employed in games as virtual territories, spells, or characters, making them more than just collections.
Because of this, NFTs have immediate value, which grows over time based on the popularity of the underlying project. As a decentralized game’s community grows, more players will be willing to pay top cash for a one-of-a-kind card. As a result, NFTs on our platforms can be swapped for real-world goods, allowing us to bring the old into the new, the era of barter.
- Tangibility
Some NFTs are tied to real-world things, providing tangibility and ownership immutability. In essence, anything can be backed by an NFT to establish ownership rights, but it does not make the object rare or valuable.
Practicality, scarcity and the personal joy it provides users will define the underlying value of such an object. An NFT ticket to an exclusive event with celebrities, for example, is far more valuable than an NFT connected to a bottle cap, both inherently and personally.
Such NFTs with concrete value is best suited for short-term trading in the market in terms of market practicality. In terms of market practicality, such tangible-value NFTs are most suited for short-term market trading. Because, like tickets, such NFTs may have an expiration date. Other collectibles, such as NFT-tethered limited-edition sneakers, can gain value over time as the number of available goods decreases.
OUR PLAN FOR ART
Volterra acknowledges the uniqueness and value of art. The Volterra ecosystem accommodates all artists, musicians, and artisans. Art is part of the future and will not be left behind in our plan for the future.
With Volterra, artists, musicians, and also artisans can have a platform where they can showcase their works. Our platform also ensures that all works of art are adequately secured.
- MUSIC
Powered by blockchain, we are providing artists and music enthusiasts with a platform where they can upload their music which in turn will be showcased to the world.
When artists upload their music on our platform, it automatically becomes an NFT mint. Artistes and music enthusiasts will also have the chance to be rewarded, by receiving payment per stream, in Volterra token. Being a Blockchain Music Streaming Platform, it is adequately secured so artistes don’t need to worry about their work getting stolen.
- ART
Artists also have the opportunity to showcase their works of art on the NFT marketplace and earn rewards via our Volterra token.
Our platform also ensures absolute security on every piece of art. On our platform, artists can have sole ownership of their intellectual property.
Artists can rest assured that their works of art will not be duplicated on our platform. Our NFT platform will automatically detect and duplicate work of art and flag it as stolen property.
2. Business and Finance
We take into consideration small and medium-scale businesses. We understand that it can be difficult for small and medium-scale businesses to make investment decisions, which is why our platform- Voltpay– offers guidance to business owners and startup businesses.
This way, business owners who don’t know how to make financial decisions can get professional guidance.
Furthermore, with VoltpayTM Wallet- our e-payment platform- businesses will have the opportunity to send and receive payments via our Volterra token.
The VoltpayTM Wallet is different from a crypto wallet because, with the VoltpayTM Wallet, businesses can withdraw the Volterra token to their local currency.
The VoltpayTM Wallet will also support payment platforms like Paypal, Payoneer, and Skrill, through which businesses can withdraw their Volterra token into their local bank accounts.
In recent times, more and more businesses have begun embracing a more decentralized method of operation with the rise of Blockchain platforms like Web 3.0.
These Blockchain platforms offer several benefits to businesses and business owners.
Decentralization, immutability, security, and transparency are some of the primary benefits of Blockchain technology for businesses. Some of these benefits include:
- The use of blockchain technology eliminates the need for third-party verification.
- A blockchain’s data structure is append-only. Data can’t be changed or removed, then.
- The ledgers of data are safeguarded through the use of secured cryptography. In addition, the cryptography of the current ledger is dependent on the adjacent completed block of the adjacent finished block.
- Records are kept according to when the transactions took place. As a result, the blocks in the blockchain all have a time stamp.
- Millions of computers are involved in the chain, which stores transactions. Because of this, it’s not a centralized system. Even if the data is lost, it can always be restored.
- Transparency is ensured in the transactions that take place. It’s possible for those who have been given authority to see the transaction.
- Any ledger’s origin can be traced back to its root using the chain of custody.
- It eliminates the possibility of a fraudulent entry or a duplicative entry because several consensus processes are required to verify the entry.
- Businesses can pre-define criteria for transactions on the blockchain using smart contracts. When the conditions are met, the automatic transactions are triggered.
Volterra 2.0 is providing centralized businesses with the opportunity to become more decentralized and reap the many benefits that Blockchain technology provides businesses.
3. Education
Our goal for education is to create an e-learning forum for anyone interested in taking new courses. Although built on blockchain, our platform will be user-friendly like other e-learning platforms such as Udemy and Coursera.
Furthermore, individuals can pay for courses using the Volterra token, simplifying the process of firstly withdrawing tokens to a local account.
4. Health
We aim to build platforms that can be beneficial to the health sector. We recognize the importance of medicine and the value of medical practitioners in society, hence, we have a goal of building applications and APIs that can be used in the health sector for Recordkeeping and Tracking of diseases within an area.
5. Agriculture
We are creating a peer-to-peer e-commerce platform for agro farmers where they can directly purchase farm products from companies with our platform as the intermediary. This way, farmers wouldn’t need to purchase farm products from retailers but will be able to take a more direct route by making direct purchases.
Furthermore, farmers can also make direct payments on our platform using cryptocurrencies like our Volterra token.
6. Tech Cohorts
Out Tech Cohorts platform will be the largest tech community in history where tech geniuses and enthusiasts are brought together to solve problems and rub minds. We’ll have a Question and Answer platform like Quora where individuals can come together, ask questions, and get answers for others who are experts in the field.
We’ll also have an Akathon Section, a platform where tech geniuses will be put to excellent use. They will be given problems to solve, and tasks to complete. This way, the chances that several incredible technological innovations will rise will greatly increase.
We’ll also have the Interactive Forum where geniuses and tech-savvy enthusiasts can rub minds together and bring about innovative ideas.
Our Blog for the latest tech updates will also the established. People can get the latest tech updates and keep themselves informed and up to date about the world of tech.
We believe that the gathering of tech enthusiasts increases the chances of bringing solutions to global problems, leading to a safer and more convenient community.
7. Startup Accelerator
This is a platform to encourage tech startups. We train start-ups, fund their platforms, and link them up with a market for their target audience.
This platform is a launchpad for startups in the world of tech, both inside and outside of crypto. When a startup registers with our Startup Accelerator platform, they get the chance to be groomed in the world of tech. They will also be exposed to funding opportunities and then their startup will be exposed to the market to get them on their feet.
- Verification System
Due to the increase in crypto scam startups, we are creating an auditing system for all crypto platforms to curb this.
Adaptation to new technologies like blockchain is occurring at a rapid pace within organizations. Hence, we’ve assembled a team of top-notch software developers, and blockchain experts to work on developing an auditing solution to decrease scam startups.
We will be implementing KYC by collecting personal and traceable data from crypto startup founders to increase security for crypto startups.
Why Volterra?
With cryptocurrencies, transactions can be confirmed and records can be preserved by a decentralized system rather than a centralized authority utilizing cryptography. Cryptocurrency is the future, and it will be foolhardy to not get into the system as quickly as possible.
However, unlike other crypto start-ups that you can invest in, wait for an increase in value, and then sell off again to make a profit, Volterra offers individuals a wide range of uses.
From our VoltpayTM Wallet platform where businesses will have the opportunity to send and receive payments with our Volterra token, to our platform for artists and music enthusiasts.
Volterra offers a plethora of opportunities in the education, business, health and agricultural sectors. Volterra is also bringing solutions to problems in the tech industry with our Tech Cohorts and we are also bringing an end to scam start-ups with our Verification system.
So, why NOT Volterra?
