All news on: NXT

NXT wallet for mobiles

After a few initial beta releases, a stable version of a NXT client for Android (1.0.3) has been released and is available for free on Google Play. Some iOs and WinPhone versions of this NXT mobile client are on their way too. The whole project is Open Source.

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DeBuNe intends to create a B2B Peer-To-Peer Platform

Decentralized Business Network, or DeBuNe, is a new project based on the Nxt platform and targeting small  businesses. The idea is to provide all the necessary tools for small companies and freelancers to “collaborate, market, offer, and monetise their expertise or products,” via an open source peer-to-peer infrastructure based on the Nxt blockchain.

Companies will be able to set up Business Units whose operations can be outsourced to other Units through the platform. But the project intends to become more than a marketplace. “Any person can buy shares of a Business Unit or a project within DeBuNe. Business Units can trade shares of their projects against support in finance, effort or material. DeBuNe thus becomes a vector for project fundraising and financing,” explained the company, describing a possible “stock market away from Wall Street.” DeBuNe will also take advantage of Smart Contracts, “a set of contractual clauses written in computer code, executed and enforced based on data such as transactions, value triggers, or product delivery.”

Launched in alpha stage, the project is in itself a Nxt asset and is already open to private investors through the Secure Assets Exchange, Nxt’s decentralized exchange. Although a dozen of existing small businesses are already part of the pre-launch, DeBuNe plans to open to beta testers by the end of June 2015, and will not be fully operational before the end of 2015.

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Nxt Monetary System allows anyone to create new currencies

The Nxt Monetary System (MS) will be fully available this week. It will allow users to create new decentralized crypto-currencies on top of the Nxt blockchain, choosing the parameters that can be set to govern their properties and use.

It’s a new step for Nxt, becoming a platform for coins developers who can easily create “niche currencies for highly specific applications, crowdfunding coins, ‘regular’ altcoins, reward points, coins pegged to fiat currencies or precious metals”.

To create an Altcoin, users will have to lock an amount of NXT, used to back the new coin.”This means that MS coins will always have a floor value and can be redeemed for that amount of NXT if desired. However, MS coins will trade at their market value, so they could appreciate significantly depending on adoption and demand.”, explained Nxt. A fee is associated with the creation of a new coin, depending on the length of its name: 40 NXT (5 letters), 1,000 NXT (4 letters) or 25,000 NXT (3 letters).

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Melodius intends to sell and promote music using Nxt Marketplace

Nxt has announced the forthcoming Melodius service, “a non-profit platform that connects artists and musicians with buyers worldwide”. Built on the Nxt Marketplace, the platform will enable users to buy and sell music using digital currencies, without fees and without middlemen. It will implement a new way for sharing and streaming music online, selling tickets for concerts or raising crowdfunding for musical projects. Melodius will accept NXT and BTC and should be opened in Q1 of 2015.

The Nxt Marketplace, launched in August 2014, is one of the main decentralized marketplace in the crypto-world. It allows users to list their physical or digital goods for sale through the Nxt blockchain.

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