Algorand has been supporting NFTs through the Algorand Standard Assets (ASA) framework, enabling users to build tokens directly on its Layer-1 blockchain, a secure, genuinely decentralized network with high throughput, low transaction fees, and minting costs, and almost instant finality.

ZestBloom is building their ecosystem in Algorand.  For those who are new, Crypto Art is a unique digital art that is represented by (NFTs) on the blockchain network to prove ownership and authenticity. Thus the ownership and sale of digital artworks are made possible in a transparent, verifiable, and secure environment.

Algorand expresses:  ZestBloom is a next-generation NFT marketplace looking to provide a new way of experiencing crypto art.

For clarity, ZestBloom is the next-gen NFT Collective Agency built on the Algorand blockchain for speed, security, efficiency, and carbon-negative.

ZestBloom offers best-in-class image theft protection using a novel, robust, and decentralized approach. All of the original parts of your content are automatically registered and protected in case someone tries to copy any part of your work.

To Join My ALGO, users should sign up using MyAlgo Wallet. My Algo provides the simplest and most secure way to send and receive Algos and tokens, organize and track all your Algorand wallets, manage your assets, and much more.

The sooner the user connected to My Algo wallet, you will be prompted to create a profile page. Your profile page will tell your story, show your collection, build a following, make collaborative bonds and allow you to mint on ZestBloom.

All-new artist submissions are checked at ZestBloom. They are making it possible for new potential artists the best possible chance to gain acceptance. However, it’s also their goal to make they are protecting their collectors by ensuring all artworks tokenized on the platform are original works from the artist.

How it works? Blockchain Certificate will verify authenticity, track provenance, and prove ownership. Identity will pseudo-anonymously manage blockchain certificates and the catalogue of an artist’s entire collection.  Proof of Funds is a smart contract that validates that the bidders have sufficient funds to ensure payment.  Escrow, smart contracts provide seamless settlements without middle vendor. Primary sales are where the primary seller keeps 100% of the sales; about 10% of Royalties are distributed on secondary sales. Smart contracts are customizable with SC with optional managed and unmanaged assets.

Community response:  For ZestBloom, this is an important aspect since many investors and artists have repeatedly raised concerns about NFTs’ carbon footprint. By using Algorand, artists can have peace of mind that the production of their tokenized works doesn’t damage the environment.