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The exciting world of NFTs can seem intimidating and hard to penetrate to the uninitiated. NFTify will change all that.
May 10th, 2021 – NFTify, a platform that allows small businesses to create their own NFT market, is delighted to announce that it has raised $2.1 million in rounds of private fundraising. NFTify is committed to making it easy for small businesses to get involved in the NFT market, by providing a simple and customizable framework to create an online store. Huge blockchain investment firms including Master Ventures and Moonwhale have already shown their faith in this project. NFTify will be launching its native token, $N1 in an IDO on both Redkite and Ignition.
Overview
The interest in NFTs this year has been sensational. Every week there seems to be a new story about an NFT being sold for a highly lucrative amount of money. However, despite all the mainstream interest, minting an NFT is not always a simple process. Creating an NFT marketplace can be particularly complicated.
NFTify changes all that. The NFTify team, unsurprisingly, characterizes NFTify as Shopify for NFTs. The comparison is not unearned. NFTify marries the accessibility and cost effectiveness of Shopify with the NFT market. It allows small businesses to create their own NFT store without any coding whatsoever, removing a huge barrier to entering the market.
By using NFTify, small businesses can create their own branded NFTs to issue, sell and trade. With NFTify, shop creation is permission-less, meaning all this can be done with just one click.
NFTify is built on Polkadot, protecting it from the unpredictability of the gas fees associated with Ethereum. This means that small businesses are entering the NFT market for very small fees. This is a huge bonus for small businesses who might not have the capital to make large scale investments in the NFT market.
Not only that though, NFTify provides businesses with a whole host of features that will make getting involved in the world of NFTs even easier.
One such feature is NFTify’s copyright protection services. Using built in AI-services, NFTify helps users detect fake and duplicate NFT tokens. This is a huge service for small businesses who will almost certainly not have the resources to ensure their own copyright is protected. This is especially true if they are only recently entered into the NFT market.
Similar to Shopify, NFTify allows businesses to create customizable stores. The layout of a store can be created along the line of different themes provided by NFTify. Alternatively, businesses can fully customize via NFTify or community provided plug-in.
NFTify has already raised $2.1 million from an impressive list of investors. Blockchain investment giants Master Ventures and MoonWhale have joined Spark Digital Capital, AU21 and DAO Maker and a whole host of others. Kyle Chasse, Founder & CEO of Master Ventures has been recruited as an advisor. NFTify will be hoping to follow in the footsteps of other projects launched on Chasse’s Ignition launchpad with a massive IDO.
Nikita Ngan Nguyen, CEO & Co-founder of NFTify, had this to say about NFTify’s investment partners.
NFTify is going to benefit massively from the partnerships we have secured. Not just financially but also by availing of all the expertise that comes with partners like these. We’re proud that they will be part of NFTify for the long term.
What is PolkaFoundry
PolkaFoundry is a substrate based parachain optimized for NFTs and DeFi, that will become part of the Polkadot ecosystem. PolkaFoundry unleashes developers to explore new horizons for DeFi and NFTs. It provides the true inoperability and scalability of Polkadot and Substrate.
With its unique UX-enabling features, PolkaFoundry brings DApps to a much broader population. It is EVM-compatible meaning a straightforward migration from Ethereum. It also provides many built in made-for-DeFi services to manage identities, store files and access Oracle data.
About Ignition
IGNITION is a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage long term holding, supporting both the project founders and the community.
About NFTify
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