(Manila Bulletin) UBX, an open finance platform in the Philippines and art-tech startup Unit 256 Ventures Inc., are revolutionizing the way Filipinos consume art with the introduction of Artifract, the country’s first tokenized NFT platform.
Artifract utilizes the proprietary “token factory technology” that was co-developed by UBX and Unit 256. Token Factory is a system wherein real world or digital assets are represented by “tokens” on the blockchain.
Trading transactions are thus streamlined since the tokens can create a trustworthy framework for tracking and settling assets. The system ensures security for digital transactions without the need to rely on third party institutions or intermediaries… Read More