Hash Axis is a digital marketplace for crypto collectibles and non-fungible tokens (NFTs) powered by the Hedera Hashgraph. An NFT Marketplace is a platform where NFTs can be stored, displayed, traded and in some cases minted (created).
The marketplace brings buyers and sellers of NFTs together to exchange NFTs for a price paid in HBAR (Hedera’s Native Crypto Coin). The marketplace allows sellers to create NFTs on the ledger and present them in the marketplace for sale. Buyers come to the exchange for an easy way to search and find NFTs they wish to acquire.
The final and most important role of the Marketplace is to facilitate the process of transferring the NFTs as part of an Atomic Swap transaction between seller and buyer.
By utilizing LedgerWorks, Hash Axis is able to increase the deliverability and reliability of near instant ledger data for end to end token swap transactions, token ownership validation, account history and more. Accurate ledger data accessible swiftly and at scale is essential to the operation of user driven applications relying on HTS (Hedera Token Service) and HCS (Hedera Consensus Service).
LWorks and Customer Collaboration
Hash Axis is utilizing our ledger search service, Inquire to perform a series of transactions including:
- Verifying the creation of NFTs
- Searching NFTs as part of giving prospective buyers access to view/find the NFTs available for sale
- Verifying account balances for NFTs and related ledger transactions as part of the process of selling/transfer NFTs. The process works in conjunction with a wallet (HashPack) to manage the atomic swap transaction of transferring HBAR tokens for NFTs.