🔶Abstract

Based on BSC development, through cross-chain technology and smart contracts, it supports multiple public chains such as Ethereum, Binance Smart Chain, Polkadot, etc.,

In 2021, under the background of the increasingly popular concept of the metaverse, NFT will develop rapidly, setting "sky-high" auctions many times and the rapidly increasing auction volume attracting attention. According to relevant data, the auction scale of NFT in 2021 will reach 17.6 billion US dollars, a 210-fold increase from 2020's 82 million US dollars. As a new type of digital certificate that carries the value of items, the future market potential is huge.

The current NFT auction platforms can be roughly divided into two categories. One is based on the alliance chain built by Internet companies. This type of auction platform mainly focuses on NFT collections and lacks the function of token auctions; the other type of NFT auction platform is mainly based on public chain issuance, and the secondary market has high liquidity. These two types of NFT auction platforms generally have the problem of high threshold, which limits the enthusiasm of users to participate in NFT to a certain extent.

NFT applications are mostly developed with Ethereum as the bottom layer. Problems such as high gas fees and network congestion on the Ethereum chain have become important issues affecting the stable development of the NFT ecosystem. At present, the NFT industry is still in the early stages of development. Due to the lack of supervision and standards, the market is relatively chaotic, and there are phenomena such as fictitious value and speculation, which hinder the development of the industry.

Based on BSC development, through cross-chain technology and smart contracts, it supports multiple public chains such as Ethereum, Binance Smart Chain, Polkadot, etc., cross-platform display and bidding, and has strong liquidity. In terms of security, ACT is also reinforced layer by layer to ensure the security of user assets. The birth of ACT will promote the NFT industry to gradually develop in a healthy and standardized direction.

This white paper expounds the analysis and development status of the NFT industry, and introduces the ACT platform and its ecological application, design concept, technical advantages, token economic model and future development plan.