The ever-growing non-fungible token space is getting another outstanding addition as Secret Network. This privacy-first blockchain protocol provides data privacy has announced its decision to roll out the first NFTs with a built-in privacy feature.
The Secret Network has partnered with OpenSea to roll out the new Secret Network NFTs. According to the announcement, this new type of NFTs will have an exclusive collection in November 2021 made by a worldwide famous artist.
The Secret NFT collection is called “ICONIC,” which will offer their buyers exclusive content. Users will need to join the waitlist to have the opportunity to purchase one of them. These new collectives will let artists, developers, and other creatives build Secret NFTs.
🚨 NEWS 🚨
7️⃣ unique #NFTs. Never-before-seen content.
Read more now 👇 https://t.co/7NL3MU4APz
— 𝕊ecret Network – Nov 9th Supernova Mainnet 💥 (@SecretNetwork) October 21, 2021
To begin, just seven distinct NFTs will be available in November as part of a single collection.
Alexander Bercow, OpenSea’s Art Partnerships Manager expressed excitement about the Secret Network partnership. Bercow noted: “OpenSea is excited to partner with Secret NFTs to help artists provide a multi-tiered experience for their collectors.” Also, he said: “Private NFTs offer a new type of solution to all kinds of creators, and we’re excited to move the ecosystem forward together.”
Secret NFT Will Support Public and Private Content
On the other hand, Guy Zyskind, founder of Enigma, said: “Our hero event is something we’ve spent a fair amount of time preparing for. We’ve secured IP for one of the greatest artistic creators to kick off our NFT ecosystem and punctuate our privacy-preserving technology. Secret Network is the first blockchain to support NFT assets that contain both public and private content. Programmable privacy for NFTs is fundamentally about choice – any holder of a Secret NFT can choose to take ownership and private metadata completely public for anyone to see.”
Also, Tor Bair, founder of Secret Foundation, expressed delight with the launch via his official Twitter handle. He said, “[…] Secret NFTs are built differently: designed to hold value and protect creators.”
NFTs are not immune to the law of supply and demand.
Oversupply in illiquid markets can lead to rapid corrections – especially when supply is undifferentiated and weakening on quality.
Fortunately Secret NFTs are built different: designed to hold value and protect creators.
— Tor Bair 𝕊 🤫 (@TorBair) October 24, 2021
Additionally, Verifying NFT ownership and experiences do not have to be made public with Secret NFTs. The Secret Network validation procedure occurs without jeopardizing any sensitive data, including proofs of validity and transfers.
Finally, it’s important to say that Secret NFTs followed the ERC-721 and CosmWasm-721 token standards.
$SCRT Price Skyrocket
Secret Network also achieved another milestone as the network recently touched a new all-time high.
Also, the Secret Network native token, $SCRT, has decreased 11.2% in the last seven days, according to CoinGecko. The token recently attained a new all-time high of USD 10.46. Therefore, the Secret Network token had a 24-hour trading volume of USD 27.2 million and a market cap of USD 1.2 billion.
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