ReserveBlock Releases P2P Auction and Collection Features within the RBX Native Core-Wallet

[PRESS RELEASE – Miami, FL, April 20th, 2023]

ReserveBlock Releases Peer-to-Peer Auction and Collection Features within the RBX Native Core-Wallet Enabling True On-Chain Marketplaces and Empowering Self-Custody.

ReserveBlock RBX (ReserveBlock.io), an open-source and decentralized native layer 1 protocol that democratizes both validating and on-chain tokenization of assets for everyone has released its long-awaited p2p auction and collection features in the RBX core-wallet enabling any creator, owner, or issuer, to initiate self-custody marketplaces without a third-party. The first of its kind for any layer 1 protocol, RBX users may now publish auctions of a minted asset from the non-custodial wallet using features and tools for bidding and ‘buy now’ options all natively and trade directly with peers.

RBX users can now publish auctions or self-hosted stores, both on-chain and to social media platforms, with asset collections broadcasted over the RBX network, by simply remitting 10 RBX on publishing, which is burned at the time of the transaction. All auction and store originators may also utilize a real-time chat feature directly with traders natively through the wallet, providing an elevated p2p commerce experience and a valuable tool when arranging for the transfer of tokenized physical or real-world assets between peers and/or the ability to seek additional information directly from issuers themselves.

While the network activates true on-chain royalty enforcement for creators, the RBX native auction engine now enforces bid fulfillment and ‘buy now’ transactions automatically on-chain with complete transparent bid and transaction history. Each peer auction and store can be viewed by anyone with an RBX wallet and will auto-verify funds prior to participation. As previously known, all tokenized media and data associated with each NFT transfers automatically p2p at the completion of a transaction solving self-custody needs natively.

Lastly, third-party integration of the RBX engine is open to any authority providing on-chain solutions for royalty enforcement, self-executing smart contracts with built-in utility leveraging multi-asset and evolving features while also solving media transfer and ownership for issuer communities resulting in trustless engagement, transparent ownership, and increased user loyalty.

Additional features and improvements by the community are expected in future releases, with the RBX auction engine being activated in the web-wallet by the middle of the week ahead.

About ReserveBlock

ReserveBlock RBX (ReserveBlock.IO) is an open-source p2p layer 1 blockchain built in C# that is fully autonomous, decentralized, and governed by validators through on-chain voting. RBX was developed with a finite purpose, to democratize mining without the burdens and frictions of Proof of Work (PoW) or Proof of Stake (PoS), but rather a liquid Proof of Assurance (PoA) consensus while earning randomized block rewards in a carbon neutral environment such as a laptop machine with at-will participation. The network is gasless with no lockups or holding periods and gives zero weight to a user’s balance. The RBX network is also a complete self-management ecosystem that provides any user with on-chain tools and features to tokenize any digital or physical asset with native minting through self-executing NFT smart contracts (SENs). RBX SENs can be deployed natively with peer-to-peer transferring of the underlying media and files associated with any NFT and through a non-custodial core-wallet without any third-party application.