Marvion uses Arweave for Digital Ownership Tokens (DOTs)
Marvion, a leading provider of blockchain-based solutions and a fully owned subsidiary of Bonanza Goldfields Corp. (OTC:BONZ), has introduced Digital Ownership Tokens (DOTs) to provide legally enforceable ownership of tokenised assets. These assets can include property, art, or commodities, among others, and leverage blockchain technology to create digital tokens that represent ownership rights to the underlying assets, offering a level of trust, transparency, and security.
And they use Arweave!
Marvion DOTs
Although Marvion's platform is self-proclaimed "blockchain agnostic", the company opts for the Polygon chain for its fast, affordable, and eco-friendly transactions. A significant aspect of Marvion's offering is its use of Arweave for data storage. This approach guarantees at least 200 years of assurance for stored data, making it an attractive choice for users seeking long-term security and reliability.
Tokenization is a game-changing innovation that is transforming the way assets are owned, traded, and financed. We're proud to offer DOTs as a way to provide legally enforceable ownership of tokenized assets, said Raymond Chua, CEO of Marvion.
"Although we've been offering our tokenization capabilities for some time, we are emphasizing the launch of DOTs in response to recent news about tokenization.”
Marvion's proprietary platform offers a secure and transparent way to transfer ownership of tokenised assets, with clear ownership records and streamlined transaction processes. The platform integrates with smart contracts, enabling the automatic execution of asset transfers, payments, and other transactions.
Applicable to a wide range of asset classes, Marvion's solutions are well-suited for real estate, art, commodities, and more. The introduction of DOTs paves the way for new opportunities for investors, asset owners, and the broader digital asset ecosystem, while the use of Arweave for data storage provides unparalleled assurance for all parties involved.
About BONZ
Bonanza Goldfields Corporation is a Nevada holding company that through its subsidiaries is engaged in the media distribution business. Specifically, it provides authentication, valuation, and certification ("AVC") service, sale and purchase, hire purchase, financing, custody, security, and exhibition ("CSE") services to buyers of movie and music media through traditional channels as well as through leveraging blockchain technology through the creation of digital ownership tokens ("DOTs").
The group is building an ecosystem and a metaverse for the media and entertainment industry that implements and adopts blockchain and NFT technologies, through mergers and acquisitions.
About Marvion™️
Marvion is a global company headquartered in Singapore. It is one of the first public-listed Web 3.0 groups with market-leading technologies and an ecosystem that aims to be the driver behind the world's transition into Web 3.0. It offers services, access, and content and provides the necessary tools for creators to create unique content in Web 3.0.
About Marvion's DOT
Marvion's DOTs are integrated, best in class, digital ownership token (DOT) that contains a smart contract that can execute transactions and also contains the specific legal terms of the intellectual property ownership, license and/or rights. Each DOT contains the following:
A copy of the SPA for the purchase of the master license.
Evidence or warranty of ownership of the relevant intellectual property.
Ownership of the sub-license detailing the rights of the DOT holder.
Image/video/music or other file depending on what the asset is.
