On Wednesday, GIFTO, a blockchain virtual gifting protocol announced its as formed a partnership with decentralized search firm Nebulas to rank, categorize, and mere the value of millions of blockchain virtual items on GIFTO’s network. According to GIFTO, the goal of this partnership is to provide millions of users on the GIFTO platform and live-streaming mobile app Uplive, a “framework” for easily discovering and sharing millions of blockchain virtual gifts. GIFTO reported:
“To create a way to rank, categorize, assign value and ultimately allow millions of consumers to find the perfect gifts they are looking for, GIFTO has partnered with Nebulas, a new decentralized search framework especially for the blockchain world that raised $60 million in token sale last month. Using Nebulas’ technology, millions of blockchain virtual gifts on the GIFTO network can be categorized and easily searched based on characteristics like: scarcity, value, popularity, etc.”
While sharing more details about the partnership, Andy Tian, CEO of Asian Innovations Group creator of GIFTO and Uplive, stated:
“We are creating an entire economy of millions of blockchain virtual items. Nebulas is an amazing technological fit for providing our users with a way to organize and access the vast number of exciting gifts we will be offering as we roll out our platform to 30 million Uplift users and more in the coming months.”
Hitters Xu, Founder of Nebulas, then added:
“Nebulas Rank, Proof-of-Devotion and our other advanced blockchain ranking and categorizing technologies are perfect to be applied to the vast ecosystem that GIFTO is creating. We are excited to partner with their amazing team and roll out our technology to millions of users in the coming months.”
The partnership with Nebulas comes almost a month after GIFTO completed its ICO that public sale allegedly sold out in just one minute.