- Andre Cronje has launched a new NFT marketplace called Artion on Fantom blockchain.
- The Artion NFT marketplace works similarly just like OpenSea.
- Artion will support all ERC-721 tokens.
As curiosity grows around the emergence of Non-Fungible Tokens (NFTs) from nowhere, Yearn.Finance CEO Andre Cronje has also launched his brand new NFT marketplace called Artion. Specifically, Cronje launched Artion on top of the Fantom blockchain.
The Artion NFT marketplace comes as a beta version that operates similarly just like OpenSea. As per the report, since the Artion NFT uses the Fantom blockchain, it is faster and less expensive than the Ethereum-based OpenSea.
Adding more, unlike other existing NFT marketplaces that charge platform fees, the Artion NFT marketplace charges zero commission on sales. Also, the platform comes with a low minting fee. As of now, there are over 50,000 NFTs on Artion that are all Fantom NFTs.
On the other hand, Artion only costs 1 FTM which is about $1.3 in a course of minting an NFT on the Fantom blockchain. Citing from the report, the Artion marketplace can even cost hundreds of dollars to mint NFTs via the Ethereum network.
Apart from this, Artion will not limit its services to the aforementioned alone. Instead, it will give intuitive support to all existing ERC-721 tokens from now on. It will eventually do this based on how it has been structured to work.
In addition, Artion’s NFT assets are mainly stored via a decentralized web hosting network IPFS. To clarify, the NFTs are only 15MB and they are priced based on Chainlink’s feeds.
With this launching, Cronje’s side expectation is that many fintech’s should opt-in and fork Artion for expansion. Alongside this, Cronje stressed that he didn’t bring Artion as a challenge to OpenSea but he loves “starting fires”. Furthermore, Cronje even tweeted a GIF saying “It’s not about the money, it’s about sending a message.”