Polyient Labs, a startup incubator helping blockchain-adjacent businesses succeed, today announced Ethereum-based digital warehouse, Cargo, to its incubation program.
Cargo enables users to securely tokenize both digital and tangible assets and store them on the Ethereum (ETH) blockchain. Cargo uses ERC-721-specified tokens and smart contracts, which immediately establishes asset ownership. This allows users to buy, sell, trade or auction items with peace of mind.
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.
“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. 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.”
– Sean Papanikolas, Founder of Cargo
A straightforward user interface that deploys opinionated non-fungible ERC-721 token smart contracts, allows users to set up store-like Crates as well as securely store digital assets. The platform provides detailed information on all sales, auction, and transfer activity.
“Cargo is a logical addition to Polyient’s incubation program. 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.”
– Polyient CEO, Brad Robertson