Business
NSAV ANNOUNCES COLLABORATION WITH PLASTIKS.IO TO LAUNCH WORLD'S FIRST RECYCLING NFT MARKETPLACE
NSAV ANNOUNCES COLLABORATION WITH PLASTIKS.IO TO LAUNCH WORLD'S FIRST RECYCLING NFT MARKETPLACE.
About this update from Net Savings Link, Inc.
[{"type":"text","content":"Net Savings Link, Inc. (OTC: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced an NFT collaboration with Plastiks.io https://plastiks.io/ to provide a smart contract approach to a marketplace where single-use package producers, waste recovery and recycling companies can come together to acquire and sell plastic disposal guarantees according to the type of single-use packaging. The role of the Plastiks.io platform is to be a blockchain-powered marketplace to bridge the gap between single-use packaging producers, waste recovery, and recycling companies in addition to consumers. The NFT pricing will be backed by real-world data for each NFT. Today’s announcement reflects the explosive growth and expanding applicability of the NFT marketplace sector. According to NonFungible.com, over $2 billion was spent on non-fungible tokens during the first quarter of 2021 — an increase of about 2,100% from Q4 2020, and already surpassing the total $250 million NFT market in 2020.The management of NSAV believes that now is the perfect time to expand our presence in the NFT market. As an accelerator and solutions provider to the cryptocurrency, blockchain, and digital assets industry companies, NSAV is glad to join Plastiks.io in engaging the recycling industry. NSAV will use its resources to support Plastiks.io in becoming a trailblazer in the NFT Marketplace of plastic recovery, recycling, and production.As global sales of art and antiques reached an estimated $50.1 billion in 2020 - with online sales reaching record highs and doubling in value - the art sector is not the only industry revolutionized by NFTs. Recycling is an industry with untapped potential, and NSAV and Plastisks.io are willing to explore more together by way of partnership. In creating an extensive hub of major players in the industry worldwide, NSAV will help Plastisks.io to become a dominating force in the global recycling industry, and both parties will form a consortium for upcoming projects. The addressable market currently comprises Polypropylene production which is 56,000,000 tons each year. This production is anticipated to increase to 88,000,000 metric tons each year by 2026. The current price per ton of Polypropylene is $945. The value of an NFT would be driven by said price. The biggest 20 FMCG companies are responsible for 5...