Deep Analysis- The Core Advantages of NFTSTORE.TOP Trading Platform
NFTSTORE one-stop cross-chain trading platform owns products include many categories like pictures, videos, sounds, etc. It also supports the current mainstream public chain NFT assets, and can realize the circulation of NFT assets via transactions or auctions. NFTSTORE will also explore a variety of NFT asset types and NFT derivatives in the future.
NFTSTORE has the basic functions of the existing NFT trading platform, which includes NFT creation, NFT transfer, C2C trading, bidding auction, fragmented blind box, etc. In addition, NFTSTORE also has original core advantages.
A. NFT creation based on AI technology
The AI art creation system developed by team member Fang Jiawei will exclusively support the creation of NFTSTORE’s NFT. The basic principle is that users can DIY selected works in the AI resource library and add their own personalized settings to generate new works of art. The process of user independent artistic creation provides value support for NFT works.
On the other hand, the artworks in the AI resource library are provided by contracted artists of NFTSTORE. Artists can share the transaction copyright fees of users’ NFT works in a weighted manner, excellent artworks in the AI resource library can even obtain copyright income more frequently. Users DIY creation and personalized requirements ensure that a larger range of works in the AI resource library can be used, which is conducive to continuously improving the quality and quantity of the AI resource library so that to form a closed ecosystem.
B. Professional NFT artwork based on massive art resources
NFTSTORE, with more than ten years of art resource background, has signed thousands of artists around the world, cooperated with hundreds of art institutions, and formed NFTSTORE’s unique NFT content library. So NFTSTORE has strong inherent advantages in the field of NFT art segmentation.
Secondly, most of the artists signed by NFTSTORE are young artists who not only has great room for artistic growth, but also the best potential users in the NFT industry;
Artwork is just one of the product types of NFTSTORE. NFT artwork will be used as the market entry point for NFTSTORE to create a full-category NFT trading platform.
C. Bidding mode based on the “win-win concept”
The pain points of auctions are that they spend a lot of time and money but finally may become “accompanied auctions.” Second, the auction threshold is high, which is hard for ordinary users to participate. And because of these, NFTSTORE has designed a win-win auction model, which is able for users to set the auction reserve price, once the lot is successfully auctioned, the participating bidders can also share the premium of the markup.
For example: User A auctions its NFT works at a price of 500NFTS, user BCDF adds a single price increase of 100NFTS, and end user F obtains the NFT at a price of 900NFTS, then user A can get 500NFTS, and user BCD can evenly divide 400NFTS (excluding normal royalties).
This model can stimulate the NFT works to be auctioned out more quickly, and everyone who participates can get corresponding benefits at the same time.
D. MCN product module based on fan economy
The current biggest problem in the NFT industry is the value and demand of the products, the value lacks support while the works are difficult to circulate in the market. The introduction of MCN products can solve this problem well.
Firstly, MC comes with its own traffic, and has younger audiences who are easier to accept new things like NFT, so that to attract more potential users to the platform;
Secondly, MC releases NFT products and fans purchase collections, which is essentially a rewarding behavior, and this will make the generation and circulation of NFTs are smoother, thus to promote the sales of NFTs;
Third, the existing companies usually charge more than 50% of the commission, which seriously affects the economic interests of MC. However, NFTSTORE will not charge commissions but only acquire and cultivate users, which is conducive to the win-win and lasting cooperation between both parties.
E. Community consensus reward based on activity
NFTSTORE will use a part of NFTS (platform token) for platform activity rewards, which is similar to the concept of transaction mining, the platform will reward with corresponding points based on the user’s daily activity like sharing, creating, trading, auctioning, browsing, commenting, likes, etc. And users can redeem the corresponding NFTS with the points, thereby ensuring the rapid growth of platform users.
At the same time, more than 50% of the platform revenue will be used for the repurchase and burn of NFTS to ensure the total deflation of NFTS.
Recently, the concept of NFT has continued to be popular in the entire blockchain field. The NFT sector continues to lead the rise of cryptocurrencies. NFT has become the focus of capital and users’ pursuit. It is reported that NFTSTORE has completed the technical development and is currently in the stage of internal testing. NFTSTORE will meet you soon.
NFT (Non-Fungible Token) has brought a new imagination to the asset digitization, and the convenience and globality of blockchain asset transactions have also brought it a broader purchasing power. NFT consumption and transaction methods have begun to be accepted by more people under the massive reports from the media like global blockchain, technology, finance, art, etc. NFT has huge potential to boom in this industry, as new types of basic service platforms such as NFT creation and exploration, technology research and development, etc. are favored by capital, and the NFT track with blockchain technology as the core shows strong vitality and power. NFTStore is an early explorer in the NFT field and we are committed to building the world’s leading one-stop NFT trading service platform
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