1) Increased user convenience
• Due to the Custodial Wallet (centralized wallet) structure, there is no need to store/manage a separate private key, and even if the login password is lost, it can be recovered.
• Since NFT orders and execution are carried out off-chain, there is no need to sign or pay gas fees for each individual order, and there are no execution delays or cancellations due to blockchain network problems.
2) Transaction support for verified NFTs
• Upbit NFT selects and verifies tradable NFTs within the platform, so it is possible to manage the quality of traded NFTs and minimize damage to collectors that may occur when purchasing NFTs issued without legitimate rights, such as copyright.
• Upbit NFT's transaction support process includes verification of various factors, including information about the creator, whether the creator has secured the IP of the NFT-linked digital asset, and verification of the NFT holder's rights.
3) Providing a trustworthy trading environment
• To manage NFT transactions, we apply the same standards as Upbit and conduct KYC, AML, and abnormal transaction detection.