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Sep 24, 2021An Introduction to NFTrade ($NFTD): The Blockchain-Agnostic NFT Platform
NFTrade has garnered attention within the crypto community for its position as the first cross-chain and blockchain-agnostic platform wholly dedicated to NFTs (non-fungible tokens). The platform works as an aggregator for NFT marketplaces and hosts the full lifecycle of these tokens, facilitating seamless creation, buying, selling, swapping, and farming of NFTs across a variety of blockchains. NFTrade is the key to unlock the full value of your NFTs by accessing the entire market.
Setting NFTrade Apart: Unique Features
- NFT Aggregation: NFTrade collects and presents sales information for NFTs launching independently across different platforms, making it easier for creators, investors, collectors, and enthusiasts to track and engage with desired launches.
- Cross-Chain Transactions: Previously, NFTs could be only traded on their native blockchain network. NFTrade breaks this limitation, allowing non-native assets to become interoperable across multiple blockchains.
- NFT Farming: Apart from conventional token staking, investors can also stake native tokens on NFTrade to earn distinctive yield-generating assets in the form of NFTs.
- NFT Launchpad: NFTrade serves as a pivotal point for new, potentially valuable projects to introduce themselves to a pool of users already interested in NFTs.
- Escrowed P2P Swaps: NFTrade offers a smooth peer-to-peer trading experience with trustless on- and off-chain swaps, making trades seamless and risk-free.
- Social Features: In addition to its primary functions, NFTrade is set to become a social platform, enabling users to follow their favorite creators and share their collections and thoughts with the broader digital community.
Team Background and Expertise:
NFTrade was founded by Ori Levi and Shahaf Antwag, experienced professionals in the blockchain and digital marketing industries. With backgrounds in designing and building impactful blockchain projects, they leverage their experience to drive NFTrade to be a market leader in the NFT industry.
A Peek at NFTrade’s Technical Data
The crypto coin powering the NFTrade ecosystem is traded under the token ticker, NFTD, and is based on the BSC (Binance Smart Chain) network with an ERC-20 token standard. The total supply of NFTD is fixed at 135,000,000 tokens.
Purpose of NFTD Tokens
As a utility and governance token of the NFTrade platform, NFTD serves multiple purposes:
- Governance rights: Token holders can vote on new features and the future direction of NFTrade.
- Transaction fee discount: After the first six months of mainnet accessibility, transaction fees will be introduced, with NFTD holders benefiting from significant discounts.
- NFTD staking: Staking NFTD enables users to earn exclusive collectible and utility-based NFTs.
- Access to exclusive launches: Staking NFTD also grants access to exclusive NFT drops, launches, and giveaways.
Key Roadmap Highlights:
NFTrade's roadmap outlines a serie of strategic partnerships, multi-chain marketplace integrations, and NFT innovation initiatives. Pivotal points include its integrations with XRP Ledger and Palm Network, partnerships with leading game developers, and continued focus on cross-chain NFT solutions.
Current and Upcoming Projects:
NFTrade's recent projects, such as the innovative NFT creation hub and 'NFTrade Showcase', reinforce its commitment to supporting both NFT creators and customers. Alongside these, ongoing strategic partnerships with companies like Gelato and Exeedme highlight NFTrade’s increasing influence in the NFT and wider digital space. Upcoming projects suggest a continued expansion of partnerships and integration with other chains in the aim to become a fully interoperable platform.
Wrapping Up
NFTrade aims to be the primary hub for anything related to NFTs, developing a multi-chain and cross-chain platform where trading, creation, and social interaction bloom within the NFT marketplace. As the first true one-stop-shop for NFTs, NFTrade is leading a robust development to help users tap into the functionalities of the entire NFT market through one single application. This unique approach sets NFTrade apart, showing the potential for a considerable impact in the cryptocurrencies, blockchain, and NFT sectors alike.
NFTrade Price Analysis
As of October 11 2024 NFTrade has a marketcap of $172K. This is {{percentagefromath}} from its all time high of $2.21. In terms of its tokenomics, there's a total supply of 135M with 35% currently outstanding. Keep in mind NFTrade has a fully diluted value of $498K which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
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