Porat Group Participates in House of Legends NFT Project
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Tel Aviv-based law firm, Porat Group has jumped onto the non-fungible token bandwagon with its participation in the NFT project House of Legends, the firm announced on Sunday.
The blockchain division of Porat is taking initiatives with its interest in the NFT project. Additionally, this move aligns with the law firm’s business trajectory as it helps crypto companies globally with product launches and even regulations.
“Porat Group has set the goal of becoming a professional
hub
Hub
A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method used by cryptocurrency exchanges. This method provides transparency and allows traders to see the depth of the market. It also allows for more competitive pricing because there is no trading desk and no price manipulation. The disadvantage of this type of platform is that sudden market volatility can shift all traders to one side of the market or the other. There can be all buys and no seller or all sellers and no buyers. Liquidity Hubs ExplainedThis leads us to a liquidity hub, which platforms and brokers use to process each trade on their platform. When many liquidity providers join together to form a liquidity hub, they can also process trades whether they are more buys then sellers or vice versa. Deals can be processed faster for lower costs. Liquidity hubs allow brokers to deliver tight spreads into their traders and execute client orders at the best available prices from multiple liquidity providers. Liquidity hubs are traditionally hosted in premier data centers with a high concentration of trading participants such as Hong Kong, Chicago, or New York. These hub services provide full redundancies on the equipment and network supporting them, including the international pipe to primary and secondary data centers.
A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method used by cryptocurrency exchanges. This method provides transparency and allows traders to see the depth of the market. It also allows for more competitive pricing because there is no trading desk and no price manipulation. The disadvantage of this type of platform is that sudden market volatility can shift all traders to one side of the market or the other. There can be all buys and no seller or all sellers and no buyers. Liquidity Hubs ExplainedThis leads us to a liquidity hub, which platforms and brokers use to process each trade on their platform. When many liquidity providers join together to form a liquidity hub, they can also process trades whether they are more buys then sellers or vice versa. Deals can be processed faster for lower costs. Liquidity hubs allow brokers to deliver tight spreads into their traders and execute client orders at the best available prices from multiple liquidity providers. Liquidity hubs are traditionally hosted in premier data centers with a high concentration of trading participants such as Hong Kong, Chicago, or New York. These hub services provide full redundancies on the equipment and network supporting them, including the international pipe to primary and secondary data centers.
Read this Term for Blockchain enterprises and projects by establishing a unique consulting division composed of veteran blockchain experts,” said Adan Kedem, the Business Development and Blockchain Strategist at Porat Group.
Another Hyped NFT Project
The House of Legends is one of the hyped NFT projects that has developed digital art of prominent personalities and historic legends, like Abraham Lincon and Martin Luther King Jr., and will sell them as NFTs on the
blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Read this Term. The project will release a collection of 9,993 NFTs, “honoring the greatest minds of all time.”
The pre-sale of the project already started on December 19, while the public sale will commence on December 21 with the mint price set at 0.14159 ETH. The project partnered with prominent companies like eToro, DeFi Rangers and several other companies as well as projects.
“We identified House Of Legends as a serious project with a solid team, consisting of the legendary art of ‘Amit Shimoni’ enabling real new use cases combining art, utilities and innovation. Porat Group has assumed the role of legal and professional strategic consultation,” Shahar Bar-On a Lead Consultant at Porat Group told Finance Magnates.
“We see significant growth and new traditional players entering this space adding ‘real value’ to this preliminary stage of this ever-growing industry.”
Tel Aviv-based law firm, Porat Group has jumped onto the non-fungible token bandwagon with its participation in the NFT project House of Legends, the firm announced on Sunday.
The blockchain division of Porat is taking initiatives with its interest in the NFT project. Additionally, this move aligns with the law firm’s business trajectory as it helps crypto companies globally with product launches and even regulations.
Another Hyped NFT Project
The pre-sale of the project already started on December 19, while the public sale will commence on December 21 with the mint price set at 0.14159 ETH. The project partnered with prominent companies like eToro, DeFi Rangers and several other companies as well as projects.
“We identified House Of Legends as a serious project with a solid team, consisting of the legendary art of ‘Amit Shimoni’ enabling real new use cases combining art, utilities and innovation. Porat Group has assumed the role of legal and professional strategic consultation,” Shahar Bar-On a Lead Consultant at Porat Group told Finance Magnates.
“We see significant growth and new traditional players entering this space adding ‘real value’ to this preliminary stage of this ever-growing industry.”
Cryptocurrency
