PHOENIX, Feb. 5, 2020 /PRNewswire-PRWeb/ -- Polyient Labs, a startup incubator helping blockchain-adjacent businesses succeed, is excited to welcome Cargo - an Ethereum-based digital warehouse - to its incubation program.
Cargo enables users to securely tokenize both digital and tangible assets and store them on the Ethereum (ETH) blockchain. And, because Cargo uses ERC-721-specified tokens and smart contracts, it can immediately establish asset ownership - meaning users can confidently buy, sell, trade or auction items with peace of mind.
"Because we leverage ETH, which is valued at $200 billion, and the world's second most trusted blockchain (right behind Bitcoin) and ERC-721, it means users can rest easy knowing their assets are securely stored on a fully-established chain," says Sean Papanikolas, founder of Cargo.
Additionally, he explains, "Cargo's ERC-721 contracts enable the creation and management of an infinite number of non-fungible tokens (NFTs) at one time, empowering the scalability and speed needed to create enterprise-grade NFTs. Basic ERC-721 contracts cannot offer this; only Cargo's contracts can do this."
ERC-721 technology also permits digitized assets to be transferred to any comparable wallet or platform, opening up entirely new possibilities in the buying and selling of digital goods.
"Cargo is a logical addition to Polyient's incubation program," says Polyient CEO, Brad Robertson. "It complements several startups we are now incubating. More importantly, as we continue to expand into the NFT space, Cargo's technology will enable us to address key issues related to the minting and distribution of NFTs. This puts Polyient in the position to significantly enlarge the ecosystem surrounding the emerging NFT asset class."
About Polyient Labs
Polyient Labs is an early-stage business incubator helping entrepreneurs fast-track blockchain innovation by providing capital infusion, insight, guidance, direction and talent to power blockchain-based solutions.
About Cargo
Cargo is a service platform that securely tokenizes tangible and digital assets on the Ethereum blockchain, using ERC-721 contracts, allowing you to buy, sell, auction, trade or transfer them. It's a decentralized system opening up new possibilities for buying and selling digital goods.
SOURCE Polyient
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