• Ekta has a brand new application case: it bridges physical assets and the digital world via its cross-chain mainnet.

• Ekta’s mainnet was launched on January 11, after it had raised $5m from funding and private sales.

• Ekta has laid out the whitelist of its NFT market that will allow physical asset owners to enter the world digital art.

• Users can lend or borrow with no collateral using the Ekta financial decentralized services

Ekta is a believer that blockchain has the potential to disrupt current systems. However, it cannot exist without these systems.

Ekta is not only a project that uses blockchain technology, but also has a sustainability focus. Ekta’s goals are to promote natural capital conservation, smart tech, wisdom tech, ocean startups and alternative medicines.

Ekta raised over $5m through seed financing and private sales. This vision has attracted the attention of investors. How has EKTA fared in the market ever since it was launched?

Latest Developments

Ekta’s cross-chain mainnet was announced on January 11th, following a $5m round of funding from private sales and funding. EktaChain was created primarily to allow our partners to develop and test the system during this first period.

Ekta announced that its mainnet was launched. It has now released a new website. The site will be migrating from www.ektaworld.io into www.ekta.io.

Ekta launched Ektascan in order to provide real-time validation of blocks. Ekta has 22300 blocks at present, and the average block time for this network is just 15 seconds.

Even though the EKTA has just been launched, around 62% of 33,000,000 EKTA are currently held in other pools.

Ekta cannot be accessed by the general public at the moment. Ekta announced however that public access to functions will become possible with the launch of EktaBridge or EktaHybex.

Future Events

Ekta’s EktaBridge, which allows users to access tokens and/or other data between chains and to exchange them for tokens or arbitrary data, and Ekta Hybex (hybrid platform) will be launched in the next few weeks according to Ekta.

Ekta, a brand new project has revealed that it will support non-fungible tokens in the future. Ekta has announced that its NFT Whitelist will be launched on January 12.

Ekta NFT Marketplace will offer a unique way for NFT creators as well as owners of NFT-related physical assets to reach consumers through Ekta. Ekta will also release a MetaTrees collection of NFTs in Q1.

Ekta has announced for the future, it will also provide decentralized financial services through a decentralized exchange (DEX) and lending & borrowing features. Ekta revealed, however that collaterals will not be a prerequisite for its services.

Pricing Updates

Ekta is the native token for the Ekta community. It currently trades at $0.3702, a 8% decline over the 24 hour period. Ekta’s $4.5 million market cap places it as the 5,623rd largest cryptocurrency.

Flipside

• Ekta’s launch into the already established NFT and DeFi markets would mean the project would need to compete against already established projects in the sector

The Community

Ekta is a brand new company in crypto, but it has gained strong followership due to its visionary leadership and promise roadmap.

The Ekta community fondly calls themselves Ektarians and doesn’t hesitate to talk about the project. @SimpliciaGarcia wrote about it.

It is a wonderful project. It’s amazing how wholesome this team is. We can’t wait to see what else is in store. More power to the entire team.

— Simplicia Garcia (@SimpliciaGarcia) January 13, 2022

@cryptogmaria shared her thoughts on the project.

The main reason I fell in love @ekta_io was because of their vision to help people with lower incomes have greater access to capital and #Crypto. Talk about inclusivity!More info: https://t.co/87rEI2CD2h#NFT #Metaverse #NFTs https://t.co/OSmv5Ep18V

— Maria (@cryptogmaria) January 10, 2022

While the project still isn’t publicly available, Ekta keeps its community active with regular updates of the progress of the project and giveaways. Ekta tweeted recently;

Congratulations to @canadianjacs, @drapin_dp, @MaynaWins, @mperkins37 & @jmesws for winning $1,000 worth of ETH.Stand by for an email to claim

— Ekta (@ekta_io) January 14, 2022

What You Need to Care About

Ekta is able to bridge the worlds of both business and economic development by being involved in multiple uses cases.

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