Tezos (XTZ) Ecosystem Happy about Selection by Societe Generale – ForgeSeptember 20, 2020
Nomadic Labs expressed that the Tezos mainnet went live two years ago and that it has been a great journey so far.
The exciting happening now is that TEZOS got selected by Societe Generale – Forge for their Central Banking digital currency experiment.
Michel Mauny, President of Nomadic Labs stated, “The Tezos project, strengthened by its technical capabilities, adaptability, and strong community are already existent in several projects, both in France and abroad.” Further stated, “We are especially pleased to see this technology selected by Societe Generale – Forge, and to reaffirm, once again, that the quality and expertise of our engineering is rewarded.”
This is indeed a big deal for the Tezos Ecosystem. The technology providers and advisors consist of Nomadic Labs who will be one of the research and development centers in the Tezos Ecosystem, further participating in the project contributing to technological expertise.
The strong technical fundamentals of Tezos blockchain and the quality of Nomadic Labs’ research and development teams is a major highlight reflecting the quality for the research and development in contribution.
Sydney Ifergan, the crypto expert tweeted: “Tezos (XTZ) might probably contribute to a break through result in the experiment and use of Central Bank Digital Currency for Interbank Settlements. Let us wait for real-time results.”
Tezos (XTZ) FA2 Multi Asset Interface
For anyone who is looking to get introduced to tzNFT, there is a new tutorial base which is set to be extremely useful for those who are trying to understand the Non-fungible Tokens on Tezos Using FA2.
TQ Tezos tweeted: “Read our latest blog post for a tutorial on how to get started creating and managing NFTs on Tezos. Learn how to tokenize items such as digital art, in-game items, or a collectible using the FA2 token standard.”
For those who are new, Non-fungible tokens (NFTs) are a popular blockchain primitives, which is used to represent unique digital objects in a range of contexts. Therefore, “NFTs are widely used to represent the right to own, use, and exchange digital art, collectibles, in-game assets, permissions, and even insurance.”
As the name implies, NFTs differ from fungible tokens in that every NFT is not mutually interchangeable. NFTs consist of unique token IDs. It typically consists of “metadata, which links to a unique document, image, in-game item, or other content usually stored off-chain.”
FA2 being a multi-asset interface facilitates excellent usability by helping to create a wide range of token types like fungible, non-fungible, or semi-fungible tokens.
Also, FA2 provides with a standard API to transfer the tokens, check balances, and also to administer permissions to other on-chain contracts to manage metadata.