Scotty Beam (BEAM)

What is Scotty Beam

Scotty Beam is the first cross-chain decentralized NFT teleport application supporting all NFT-compatible networks. By facilitating peer-to-peer (P2P) exchange of non-fungible tokens across multiple blockchains, the Scotty dApp enables collectors and investors to reach and participate in expanded markets offering greater demand, trading volumes, and liquidity than tokens sequestered on a single network. Unlike cross-chain NFT “bridges” which add cost and complexity into NFT trading by unnecessarily embedding sequential trade info into an NFT’s unique cryptographic identifier, teleported NFTs contain only the information regarding the most recent owner and the NFT’s original source content, with no intermediary token holders or networks to inflate costs, slow trading, or corrupt transactions. All teleports use Scotty’s crosschain AI-based oracle to manage the destination network’s transactional processing.

Other unique features of Scotty Beam include NFT origin validation, digital certificates of authentication, and other anti-fraud provisions to ensure the veracity of token content and transactions. Through its importing tool, the NFT space dock, Scotty provides dynamic NFT appraisal to assess an asset’s fair market value (FMV) including historical market data thereby facilitating better decision making and enhanced returns. Finally, Scotty teleports are secure, employing advanced methods to prevent backtracing, profiling, metadata collection, private key theft, and man-in-the-middle exploits. In sum total, Scotty Beam represents the best-in-class solution for cross-chain NFT trading in the industry.