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NFTb

$NFTB
Today
0
Total
1
BNB Address:
0xde3dbbe30cfa9f437b293294d1fd64b26045c71a

Coin Info

Market Cap:
$16,536,296
Launched:
30/06/2020
Network:
BNB

Coin Safety

Project Brief

What Is NFTb (NFTB)?

NFTb is a forward-thinking marketplace for non-fungible tokens (NFTs), built on the Binance Smart Chain (BSC) with speed and affordability in mind. The marketplace is set to launch on other blockchains.

NFTb is an open-source community-owned marketplace that allows users from around the world to not only join the platform, but also create, sell or trade digital art for a fraction of what it would cost elsewhere.

Every piece of art created on NFTb is unique and is minted on BSC with all files related to the NFT stored on InterPlanetary File System (IPFS). IPFS is a distributed file storage system created as an open-source project that allows anyone to store their files on a decentralized file hosting framework. This ensures the longevity and durability of the files as there is no central point of vulnerability.

In addition to a secure and decentralized file storage system, the team at NFTb also verifies all artists on the platform, thus maintaining a high quality of digital artwork. Creators get to receive royalty and income splits for future resales of their digital artwork. The NFTB token is the native currency of the NFTb platform and is used in staking towards the governance of the platform as well as for settling platform fees.

Who Are the Founders of NFTb?

NFTb was founded by Olexiy Fedorov, an entrepreneur from Ukraine. The NFT marketplace however runs as a community governed platform with over 50,000 community members, according to data from Telegram and other social media groups belonging to the platform.

NFTb is backed by some of the most influential venture capital firms in the crypto space with the likes of the Binance Accelerator Program injecting capital into the platform's development. Other investors such as Spark Digital, Rarestone Capital and Next Ventures have invested $200,000 into NFTb's seed round according to reports.

What Makes NFTb Unique?

While NFTs are heating up lately, it is still considered at an infant stage and mainstream users are still experimenting on their use cases, similar to an early iteration of social media platforms. NFTb seeks to be a pioneer in the NFT space with an offering of unique, fast and high performance features, alongside the capacity for creators to donate a portion of their earnings to charity with each transaction.

Another feature that makes NFTb stand out from competitors is its two-sided marketplace for digital art creators and collectors, thereby investing in a growing community of creators and collectors.

Going forward, NFTb seeks to expand into an NFT marketplace that enables cross-chain swaps of NFTs through an oracle that enables price discovery instruments for sophisticated NFT trading. With BSC as the focal point of liquidity, NFTb is set to facilitate cross-chain NFT liquidity, not to mention a launchpad for NFT-related projects.

NFTb's entire business model is based on the strength of its community. The platform's native token NFTB will increase in value with a growing community of creators and collectors, reaping rewards from the platform's functionality.

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