Rocket Global, a fintech company, is placing its bets on non-financial technologies (NFTs) for the African continent
Rocket Global, a fintech company, is placing its bets on non-financial technologies (NFTs) for the African continent
Rocket, a leading fintech company with operations in a variety of market segments, has announced the launch of a new phase of the company through a video announcement by the Group's CEO, Mr Chijioke John Odum, which was broadcast worldwide.
Over the next six months, Rocket will be launching a series of products and platforms, including Rocket Global – a global spot, futures, and NFT marketplace, Rocket Pay – a crypto merchant payment gateway, and the ecosystem's native token, Rocket Global Coin (RGC) (RCKC).
It is the native token of the entire Rocket Ecosystem, which consists of the Rocket by Chiji14xchange (instant swap and P2P exchange in Nigeria), Rocket Global (futures and spot exchange), Rocket Pay (crypto payment gateway), and the Rocket NFT Marketplace. Rocket Global Coin (RCKC) is the native token of the entire Rocket Ecosystem.
According to the company's official website, the platform is a state-of-the-art project that will combine Centralized Finance (CeFi), Decentralized Finance (DeFi), and Decentralized Commerce (DeCo) to create an ecosystem of value-adding products and services that will be available to a worldwide audience.
NFTs are being used by art creators all over the world to capitalize on the art world's shift to the digital world. While doing so, they are increasing their net worth in spite of government crackdowns on cryptocurrencies and other digital assets.
Known as non-fungible tokens (or NFTs), non-fungible tokens are digital pieces of content that are linked to the blockchain, which serves as a digital database for cryptocurrencies such as bitcoin and Ethereum.
In contrast to cryptocurrencies, which are fungible, meaning they can be replaced and exchanged for the same unit of value — such as trading one Ethereum for another — non-fungible tokens (NFTs) cannot be interchanged with one another, and no two NFTs are identical, giving them scarcity value.
Mr. John stated that the "creator economy" is "one of Africa's largest and most untapped markets." Because of NFTs, creators in a variety of fields such as art, film, gaming, sports, and others can monetize their followers as well as their intellectual property (i.e. ideas, copyright). They can earn royalties and generate revenue streams from a variety of assets. Their work can be leveraged to earn interest or be borrowed against to create even more value, which is why we are excited to be able to create a Global NFT Market place with a local focus”.
In Conclusion
Rocket by Chiji14xchange is one of the most prominent cryptocurrency exchanges in Africa. Since its inception in 2018, the company has served over 80,000 customers, who collectively contribute to a monthly volume of more than $12 million. Rocket provides a simple, secure, and seamless cryptocurrency trading experience.
Rocket Global is scheduled to begin operations in November 2021. More information can be found on the official website of the organization.
