7. Blockchain Technology

Blockchain Selection and Compatibility

Garage AI utilizes blockchain technology to ensure the authenticity, security, and transparency of all NFTs created on the platform. The choice of blockchain is critical for guaranteeing fast, low-cost transactions while maintaining robust security standards. Garage AI is compatible with leading blockchain networks known for their efficiency and scalability, such as Ethereum and other Layer 2 solutions like Polygon. These networks provide a solid foundation for secure NFT minting, trading, and integration into gaming platforms.

Security and Ownership Verification

By leveraging blockchain, Garage AI guarantees the ownership of each NFT, ensuring that once a user mints a custom car design, it is uniquely associated with their digital wallet. This decentralized approach eliminates the risk of counterfeit assets or fraud, giving users full control and traceable ownership of their digital creations. Each transaction is recorded on the blockchain, providing a verifiable history of the asset’s ownership and transfers.

Blockchain ensures:

• Immutable Ownership: Once an NFT is minted, it is permanently tied to its owner, with all future transactions recorded on the blockchain.

• Secure Transfers: Buying, selling, and trading NFTs are carried out via secure smart contracts, reducing the risk of fraud or unauthorized duplication.

Gas Fees and Scalability Solutions

While blockchain offers unparalleled security and transparency, transaction fees (commonly known as "gas fees") can be a challenge. To address this, Garage AI integrates with scalable, low-cost Layer 2 solutions like Polygon, which allows for faster and cheaper transactions compared to traditional Layer 1 blockchains like Ethereum. This ensures that users can mint, trade, and transfer NFTs without worrying about excessive fees that could undermine the value of their assets.

Key points:

• Low Gas Fees: By utilizing Layer 2 networks, Garage AI reduces the cost of minting and trading NFTs.

• Scalability: The platform is designed to support a large number of users and transactions without compromising performance or increasing fees.

• Future-Proofing: As blockchain technology evolves, Garage AI is committed to integrating new solutions to maintain cost efficiency and scalability.

Garage AI’s blockchain integration provides a secure, scalable, and cost-effective solution for users looking to mint, trade, and use NFTs in gaming. By choosing a reliable and future-proof blockchain, Garage AI ensures that users can fully leverage the power of NFTs without the complexities or costs that often accompany blockchain transactions.