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NEFTiPEDiA, The Next Generation of Decentralized NFTs

NEFTiPEDiA, The Next Generation of Decentralized NFTs
  • NEFTiPEDiA is developing a community-driven NFT marketplace.
  • The marketplace is the first of its kind and will officially launch in Q4 2021.
  • Also, NEFTiPEDiA is counting down to its ICO in two days.

NEFTiPEDiA, a non-fungible token (NFT) marketplace, is set to launch the next generation of decentralized NFTs. The platform aims to be the first truly community-run NFT marketplace, becoming a diverse, eccentric, one-of-a-kind platform.

Of note,  NEFTiPEDiA caters to digital artists, creators, and collectors, allowing users to meet all their NFT needs in one place. To achieve this, the platform offers four key products which serve as the pillars of its ecosystem.

The NEFTiPEDiA pillars are its NFT marketplace, where users can buy or sell tokenized art. The second pillar is the platform’s NFT Wallet which enables users to securely store their NFTs.

The other pillars are e-Auction and Art NFT minting. e-Auction refers to the platform’s feature that enables artists and sellers to auction NFTs on the platform. However, Art NFT minting is the protocol that enables users to tokenize their art on NEFTiPEDiA.

Central to the NEFTiPEDiA ecosystem is its native token $NFT. Specifically, the $NFT token plays a governance role on the platform. Also, NFT purchases on the platform will incur a 1% transaction fee. The transaction fee will be used to purchase $NFT from PancakeSwap. Subsequently, the purchased $NFT will be distributed to all circulating token holders.

In addition, the platform’s tokenomics highlights that NEFTiPEDiA has a total token cap of 750,000,000 $NFT.  Of which, 15% will go to the founders, 5% will be used as bounties and contest rewards. However, the remaining 80% will go to the platform’s DAO.

Notably, the platform is currently counting down to the launch of its Initial Coin Offering (ICO) in two days. The ICO will allow the general public to buy the $NFT token for the first time. After that, the platform aims to launch its NFT marketplace in Q4 2021, according to its roadmap.

Prior to the marketplace launch, the platform will create liquidity pools in August 2021. The $NFT liquidity pool will allow investors to add liquidity while the token will be listed on platforms like PancakeSwap.

Finally, NFTs have grown in popularity since the year started. The rise in crypto adoption coupled with the COVID-19 pandemic created an environment that allowed artists to explore NFTs as a viable income stream. Thus, by creating a community-driven NFT marketplace, NEFTiPEDiA is taking the NFT space a step further by giving power back to creators.

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Avid reader and writer with a passion for sharing crypto news and trends. Uses her background in finance to help readers better understand the crypto market and investments. Hopes to see mainstream crypto adoption in the near future, especially in Africa.