What is FORT?
FORT NFT Protocol introduces the very first Non-Fungible stable Token, that offers a bridge between asset ownership (whether physical or intangible) and liquidity; achieved through the tokenization of its underlying asset. FORT proposes the first standard for asset backed ownership within the cryptocurrency market through the custodial security and logistics of any token.
FORT is a second layer open source protocol that uses Non-Fungible Tokens (NFTs) on the Ethereum blockchain, for digitizing, verifying, tracing and securing high value rare assets and financial instruments. It’s layer accelerates FORT specific traffic along a network of masternodes, whilst allowing the NFT metadata to still be recorded on the ethereum blockchain mainnet.
The comprehensive infrastructure being built by FORT, will offer a bridge between any NFT or security token to stable value by the custodial arrangement provided to its underlying asset. The FORT protocol standardizes the minting and burning of NFTs through its accelerated secondary layer; doing so through its custodial network of reputable trustees, who ensure the validity and ownership of every asset for which a unique NFTs has been created.
The outcome is a simplified and streamlined asset management process, whereby valid asset ownership transfer is effected without the need for an exchange of the underlying asset.
Furthermore, the dividends payable on any such assets would be held in trust by third party custodians, with disbursements made directly to the token holder.