NFT platform OURSONG has announced that it will use CYBAVO’s VAULT as a custodian to protect its digital assets. OURSONG is a new NFT-based social platform reimagining the relationship between content creators and their fans. Its goal is to recalibrate equity in creative content and content ownership. CYBAVO’s VAULT is being used by the platform to provide secure protection for tokens supported in the system, including its native OURCOIN, as well as ETH and other stablecoins.
NFTs and their marketplaces have seen a sharp rise in popularity over the past year with backing from strong IPs, like the NBA, joining the playground. Digital art has also become mainstream, with artworks reaching record auction prices and well-known artists like Deadmau5 and Grimes hopping on the NFT train. According to a report by Reuters, just in the first half of 2021, NFT markets have reached over $2.5 billion in sales volume. With this popularity comes the increased responsibility for marketplaces to keep their digital assets safe. By choosing CYBAVO VAULT as their digital asset custodian, OURSONG will be able to leverage the company’s certified digital wallet solution to secure its funds, and protect the wide array of assets belonging to its growing user base.
“CYBAVO is the best enterprise crypto wallet solution out there,” said Pochang Wu, the co-founder of OURSONG. “We are a company operating with many crypto assets and CYBAVO allows us to work smoothly in the day and sleep well at night.”
OURSONG began as a blockchain research project at the Ideation Lab at KKBOX Group, Asia’s leading media technology company. As an NFT-based social platform, OURSONG is dedicated to unleashing the value of everyone’s creativity and making it universally accessible and tradable. OURSONG recognizes everyone is a creator and wants to help everyone uncover their creative potentiality.
CYBAVO was established in 2018 by a team of cybersecurity veterans with backgrounds in blockchain security, cryptography, computer security, malware analysis and web security. Its mission is to provide the most advanced digital asset custody by developing a custom security-hardened operating system, patented encryption technology, and a highly secure sandboxed environment to deliver its suite of solutions, including its flagship product, the CYBAVO VAULT.