Char Enterprises Llp

In their own words

PROJECT REPORT 1. Mr. G. Sricharan promoter of the firm hails from an export business family and his father is in the Seafood Export business for the past 3 decades. Promoter has the advantage of getting advice from his father about export operations, realisation and statistics. Executive Summary: Name of the Firm : CHAR ENTERPRISES LLP Address : # 10.50.11/6/9, Snehadhara Complex, Waltair Main Road, Revenue Ward 19, Visakhapatnam-530002, Andhra Pradesh. Firm Pan Card : [id redacted] IMPORT EXPORT CODE : [id redacted] GST No. : 37AARFC0636R1ZR CAPITAL : 1 CRORE Partners & Their : 1) Mr. Ganta Sricharan [M.S. (Computer Science) USA] Qualifications Management Course “CORE” with HARWARD University, Boston, USA. 2) Mrs. G. Lakshmi Anusha MBBS, M.S (USA), MRC (OG) LONDON. Bankers : Bank of India, Main Branch, Visakhapatnam. Activity Proposed : Application Software Development, Web/Mobile Application Development, Computer Games Development & Animation, Multimedia and Design Services and Blockchain technology Development etc. 2. Block chain based web applications & NFTs are the area of expertise in software development. 3. Aim of the project – Development of payment solution using crypto currency for Web-based payment and in-store payment & Build Launched for India local and tribal artist to launch their art as non-fungible tokens on the block chain for sale and bring awareness to India art in NFTs. Brief note on the present Activity; NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, and even real estate. They can only have one official owner at a time, and they are secured by the Ethereum block chain – no one can modify the record of ownership or copy/paste a new NFT into existence. NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties. Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD. The internet of assets NFTs and Ethereum solve some of the problems that exist in the internet today. As everything becomes digital, there is a need to replicate the properties of physical items like scarcity, uniqueness, and proof of ownership. Not to mention that digital items often only work in the context of their product. For example, you cannot re-sell an iTunes mp3 you have purchased, or you can't exchange one company's loyalty points for another platform's credit even if there is a market for it. An NFT can only have one owner at a time. Ownership is managed through the unique ID and metadata that no other token can replicate. NFTs are minted through smart contracts that assign ownership and manage the transferability of the NFT's. When someone creates or mints an NFT, they execute code stored in smart contracts that conform to different standards, such as ERC-721. This information is added to the block chain where the NFT is being managed. The minting process, from a high level, has the following steps that it goes through: • Creating a new block • Validating information • Recording information into the block chain NFT's have some special properties: • Each token minted has a unique identifier that is directly linked to one Ethereum address. • They're not directly interchangeable with other tokens 1:1. For example 1 ETH is exactly the same as another ETH. This isn't the case with NFTs. • Each token has an owner and this information is easily verifiable. • They live on Ethereum and can be bought and sold on any Ethereum-based NFT market. Royalties Some NFTs will automatically pay out royalties to their creators when they're sold. This is still a developing concept but it's one of the most powerful. Original owners of EulerBeats Originals earn an 8% royalty every time the NFT is sold on. And some platforms, like Foundation and Zora, support royalties for their artists. This is completely automatic so creators can just sit back and earn royalties as their work is sold from person to person. At the moment, figuring out royalties is very manual and lacks accuracy – a lot of creators don't get paid what they deserve. If your NFT has a royalty programmed into it, you'll never miss out. Maximizing earnings for creators The biggest use of NFTs today is in the digital content realm. That's because that industry today is broken. Content creators see their profits and earning potential swallowed by platforms. An artist publishing work on a social network makes money for the platform who sell ads to the artists followers. They get exposure in return, but exposure doesn't pay the bills. NFTs power a new cr

Written by the company on its public Startup India profile. Not verified by us.