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district0x is developing a standardized, open-source protocol for creating and managing decentralized marketplaces.NGC is the driving force of the NAGA ecosystem, which is a marketplace for a variety of digital assets.

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Company Description

district0x is developing a network of decentralized marketplaces and communities powered by Ethereum, Aragon, and IPFS. Marketplaces on the network, also known as districts, are built upon a standard open source framework, consisting of Ethereum smart contracts. Districts provide the core functionalities required to operate a decentralized marketplace. Users can post and search listings, rank sellers, and process payments directly on the platform. The network is powered by the Ethereum-based DNT token.

Naga specializes in developing technology for financial markets, virtual goods, and crytpocurrencies. Naga operates a brokerage company that has a social network for trading called SwipeStox, as well as a virtual good marketplace called Switex. The NAGA coin (NGC) was released in an ICO that raised over $50 million, and is used to power the NAGA ecosystem. NGC can be used for trading and investing in virtual goods and financial markets, and serves as the base currency for any transactions in the Naga platform.

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