Numbers Protocol NUM Price

What is Numbers Protocol (NUM)?

In the current digital landscape, Numbers-Protocol (NUM) has positioned itself as a decentralized blockchain platform, established in May 2019 by Bofu Chen and Tammy Yang, to address concerns related to the authentication of photographs and videos.

Blockchain Authentication for Visual Content

Numbers-Protocol utilizes blockchain technology to establish a decentralized network focused on verifying the origin, creation certificate, photo history, and ownership of visual content. The primary objective is to mitigate the circulation of unlicensed and stolen images, thereby addressing challenges associated with misinformation and unethical content dissemination online.

Web 3.0 Storage and Ledger Technology Integration

The platform relies on Web 3.0 storage, representing the third iteration of internet services incorporating machine-based data understanding and ledger technology. This infrastructure is designed to enhance security and transparency, ensuring traceability and ethical standards within the network.

Key Components of the Decentralized Photo Network

Numbers-Protocol comprises two essential components: network operators and a data library. Network operators deliver storage services, contributing to the reliability of visual content accessibility. Validators play a role in maintaining authenticity through integrity checks and additional context, utilizing professional and social trust. The data library segment employs Web 3.0 storage and network-chain history, reinforcing the platform's commitment to establishing a dependable database of visual content.

NUM Token: Enabling Ethical Content Practices

The native utility token, NUM, is central to Numbers-Protocol's functionality. It provides users with the ability to ethically create, store, and validate content within the network. NUM serves as a means of payment for various services, such as asset enrollment, marketplace listing, gaming, and rewards. This mechanism ensures the sustainability of the ecosystem, rewarding contributors for their ethical participation.

Leadership and Development Milestones

Founded by Bofu Chen and Tammy Yang, Numbers-Protocol is led by a team dedicated to the platform's success. Chen serves as co-CEO and CTO, Yang as co-CEO and CPO, and Sofia Yan as the Chief Growth Officer. The platform unveiled its whitepaper on November 16, 2021, offering insights into its vision and operational framework.

Conclusion

Numbers-Protocol emerges as a noteworthy player in addressing challenges related to digital content authentication. With its decentralized approach, leveraging blockchain, Web 3.0 storage, and the NUM token, the platform seeks to create a secure and transparent environment for validating visual content on the internet. Positioned as a potential solution to combat misinformation and unethical content sharing, Numbers-Protocol stands as a noteworthy advancement in the evolving digital space.

NUM, the native utility token of Numbers-Protocol, plays a crucial role in allowing users to ethically create, store, and validate content within the network. It serves as a payment method for various services, including asset enrollment, marketplace listing, gaming, and rewards, ensuring a sustainable ecosystem.

What is unique about Numbers Protocol (NUM)?

Numbers-Protocol stands out for its use of blockchain and Web 3.0 storage to create a decentralized network, ensuring the traceability and ethical validation of photographs and videos on the internet, mitigating the issues of unlicensed and stolen content.

Who are the founders of Numbers Protocol (NUM)?

Numbers-Protocol was founded in May 2019 by Bofu Chen, who serves as co-CEO and CTO, and Tammy Yang, who works as co-CEO and CPO, bringing a wealth of expertise to the platform's leadership.

Who are the backers/investors of Numbers Protocol (NUM)?

The supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.

Where can I buy Numbers Protocol (NUM)?

You can buy Numbers Protocol (NUM) on MEXC, Gate.io, HTX, KuCoin, Crypto.com cryptocurrency exchanges.