SmartAxiom Announces NFT Solution to Secure the Identity and Ownership of Digital Assets
July 01 2021 - 9:45AM
InvestorsHub NewsWire
SmartAxiom
Announces NFT Solution to Secure
the Identity and Ownership of Digital Assets
Non-Fungible Tokens (NFT)
are the Latest Hot Blockchain Application and Address a Market
Already Worth Over
$2 Billion That
Grew 2100% Last Year
Irvine, CA -- July 1, 2021 -- InvestorsHub
NewsWire -- SmartAxiom Inc, a subsidiary of Life on Earth Inc.
(OTC
Pink: LFER), today announced its Non Fungible Token (NFT)
solution to secure the identity and ownership of digital assets
such as Digital Art, Graphics, IoT devices, Music and more.
SmartAxiom has developed and deployed an innovative, light
blockchain to manage and secure IoT devices such as smart lights
and shipment trackers. Establishing strong identity
(i.e. ensuring that communication is occurring with the
correct device) is the foundation of security and, when paired with
an immutable blockchain cloud backend, the SmartAxiom technology
makes for a robust and ready NFT solution.
The SmartAxiom NFT solution enables the owners of
digital assets to permanently attach a unique identity to their
asset (such as an artwork) and track how it is being shared and
distributed with other users. Immutable blockchain ledgers, that
are encrypted and distributed, store the digital assets, the
transactions of those assets, the users' records, and the smart
contracts executing the custom business rules. The NFT solution
enables anyone to verify the authenticity and ownership of an
artwork and trace its provenance (the chronological history of all
related transactions). The intelligent NFT solution can scale to
handle millions of assets, users, and transactions without
affecting the performance or security of the
solution.
Amit Biyani, SmartAxiom founder and President,
commented, "We are pleased to launch this thrilling new application
of our blockchain technology. The potential market is huge, and we
are already deploying this for customers to help them monetize
their digital assets."
Mahmood Khan, LFER CEO added "The exciting
SmartAxiom NFT solution fits perfectly with our strategy of
delivering safe, compliant cloud systems that raise business
productivity and innovation. This solution enables creators of
digital assets to essentially "patent" their art and enable the
potential for receiving royalties from their digital assets. I am
very excited about the potential commercial benefits to the artists
and the owners of digital assets. This is a game changer technology
not just the hype about NFTs. I am very pleased to bring this
pioneering technology to robust commercial
solution."
More information on the solution can be found
at:
https://www.smartaxiom.com/solutions/NFT
About SmartAxiom
Inc.
SmartAxiom's software manages and secures the
Internet-of-Things (IoT) through patented, lite blockchain
technology running among those devices at the edge of the Internet
and enabling them to defend themselves. Our peer-to-peer
distributed ledgers improve security, latency, reliability and
manageability. We uniquely create the first true endpoint-to-cloud
blockchain solution, while our IoT Smart Contracts manage NFTs and
push intelligence to the edge. SmartAxiom technology is proving
valuable in many verticals such as smart buildings, manufacturing
lines and shipment tracking. It interoperates with enterprise
systems such as IBM Blockchain and Microsoft Azure and is proven on
many ARM and Intel based microcontrollers such as those from Intel,
NXP, Renesas, Marvell, and Broadcom. https://www.smartaxiom.com
About Life
on Earth Inc.
Life on Earth, Inc. (LFER)
is a cloud enterprise software developer and a provider that
enables rapid innovation that keeps the enterprise operations safe,
compliant and manageable. The products were designed to help
organizations innovate and modernize legacy systems while
minimizing cost and risk of business disruptions and ensure
regulatory compliance. For more information, please visit our
corporate website - www.lifeonearthinc.com Investors and
corporate inquiries, please contact: info@lifeonearthinc.com | (646)
844-9897
Forward-Looking
Statements: This release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements
appear in a number of
places in this release and include all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of Life oOn Earth,
Inc. and its management
with respect to, among other things:
(i) financing plans; (ii) trends affecting its financial condition
or results of operations; (iii) growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"can," "believe," "potential" and similar expressions and
variations thereof are intended to identify forward-looking statements. Investors
are cautioned that any such forward-looking statements, including
those relating to the LFER's financing being adequate for it to
develop and market its software products, and to launch its growth
and expansion plans, among others, are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond Life On Earth, Inc.'s ability to control, and actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors. No information in this
press release should be construed in any way whatsoever as an
indication of Life oOn Earth, Inc.'s
future revenues, financial performance or stock price. More
information about the potential factors that could affect the
business and financial results is and will be included in
Life oOn Earth, Inc.'s
filings with the Securities and Exchange Commission
at www.sec.gov.
Life on Earth (CE) (USOTC:LFER)
Historical Stock Chart
From Apr 2024 to May 2024
Life on Earth (CE) (USOTC:LFER)
Historical Stock Chart
From May 2023 to May 2024