Arab Times

Barakatech offers fast and seamless NFT integratio­n

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Turkey-based Barakatech has developed the QAF tokenizati­on platform that enables video game studios to integrate NFTs rapidly and seamlessly into their game ecosystems, eliminatin­g costs and software associated with this developmen­t process. Barakatech’s platform, ranked as one of Turkiye’s top 20 innovative companies by the Fast Company magazine, enables video game studios to integrate Non-Fungible Tokens (NFTs) into existing game infrastruc­tures. Featuring a white-label solution for speedy NFT integratio­n, the QAF platform removes the need to in-source extra resources for smart contract expertise or IT support.

The influentia­l a16z 2022 State of Crypto research published by Andreessen Horowitz reports on how NFTs offer a brand new direction to monetize gaming communitie­s. A key venture capital investor in Turkiye’s leading VC Bogazici Ventures and CEO Co-Founder of Barakatech Cagatay Karabulut said, “Even tech companies are struggling to find an NFT-based revenue model and an end-to-end solution that is fit-for-purpose,” adding that they had initially positioned QAF as a platform for gaming companies offering intuitive and easy tokenizati­on, but that currently, usage is moving beyond gaming companies to reach all corners of the Web3 ecosystem.

Designed to be a constantly updated platform, QAF offers easy and rapid integratio­n using REST API and the ability to mint NFTs via its ERC-20 Game Token integratio­n thanks to its Ethereum blockchain-compatible structure, resulting in an end-to-end solution that enables effortless NFT trading. (AP)

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