Hottest NFT Altcoin (No Gas Fees on this NFT blockchain)

Posted 43 seconds ago | by Catoshi Nakamoto

NFTs are more popular than ever, and new people are getting into crypto every day just so they can purchase NFTs or play games involving NFTs. Mass adoption is happening, but many of these new users who are being onboarded into this ecosystem are instantly intimidated and turned off by the high fees and difficult user experience. The high transaction fees also prevent artists and developers from releasing products that are only a few dollars, which cuts a lot of people out of the market. These types of challenges are common with new technologies, but we are finally starting to see some viable solutions to these problems, which will make NFT trading even more accessible to the average person.

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Let’s get it.

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In this sponsored video we’re going to be giving an overview of Curate, a new gasless NFT marketplace with built-in social media components. This project has been in the works for years and is now finally ready for public use. Development started way back in 2019, long before the recent NFT bull run and the wave of new companies rushing into the market, which shows that this team is passionate about this technology and dedicated to pushing this industry further – not just cashing in on the latest trend.

Curate operates on its own blockchain and has its own token, but it will be entirely interoperable with other blockchains where NFTs are traded. Curate will aggregate all of the best NFTs from around the web, from numerous different marketplaces, and across multiple blockchains, giving you a birds-eye view of the NFT markets. Curate’s blockchain “XChain” is a hybrid between Proof of Work and Practical Byzantine Fault Tolerance, which allows for a high transaction throughput while maintaining a high level of security.

The Curate ecosystem is powered by the XCUR token, which is used to make purchases on the marketplace, reward collectors and creators, staking, and even purchases for physical goods and services through partners like Travala, Expedia, and Shopping.io. That’s right, Curate is not stopping with NFTs, this platform will also be a one-stop-shop for physical goods as well, think of something like eBay, only with social media features and NFT trading built on top. With blockchain technology,

Curate can actually offer a better buying experience than sites like eBay or Amazon, which are often filled with fake reviews and bot voting. Blockchain verification ensures that reviews and ratings that are being left are coming from an actual human being, which helps prevent scammers from exploiting the system. The addition of social media Features will be a game-changer for NFT trading. As it stands today, creators are fragmented across multiple different platforms, and it can be difficult to harness the full power of their entire networks for drops or special events. With Curate, creators can interact with their fans directly through the same platform that they are using to sell their NFTs, merchandise, and memberships.

These features will also be useful for traders and collectors because they can easily compare and contrast the metrics from different creators and make more informed investments. Creators and collectors are both rewarded with XCUR tokens for the time they spend on the app and how much engagement they generate. However, the supply of the token will not be inflated to keep the reward pool filled, instead, the platform will use a share of its royalty fees to buy XCUR tokens on the market to pay its users. This will keep the price of the token healthy and prevent the supply from being inflated over time. The XCUR token is surprisingly scarce, especially for a social media platform.

On launch in 2020, Curate minted 10M XCUR tokens, and then burned 15% of the supply a few months later, leaving the remaining circulating supply at just under 8.5 Million tokens. Curate’s NFT marketplace is already available through their mobile app, which you can download and try for yourself on iPhone or Android. The desktop version was scheduled for a full launch in Q3 of this year, but a beta version is already available for you to check out. The app is free to use and there are no subscription fees. There is a small commission fee that goes to the platform every time an item is sold, but it’s only 4% and a large portion of that money goes back right back into a fund that is used to reward creators and collectors. So far this platform has over 10 thousand active users who have traded over 10 million dollars and collectively saved over $200,000 in gas fees by using Curate. Up next on Curate’s road map is DeFi integration, a marketplace for physical goods, and multichain functionality. Curate is already interoperable with Avalanch, Elrond, and Algorand, with tons of new partnerships being announced in the following months, including one big announcement at the Solana conference in November – I wonder what partnership will be announced there…

Curate is also partnered with chainlink to achieve its multichain goals. Chainlink’s oracle services help the Curate platform determine that all of its pricing data is correct and matches the activity on other chains.

In addition to aggregating all of the best NFTs in one place, Curate will also be offering exclusive drops that can’t be found anywhere else, including mainstream brands and sporting leagues like the NBA, NHL, and MLB.

Curate’s seamless user experience will help to onboard mainstream users who were unable to get involved in NFTs before because they were too expensive or too difficult to figure out. Curate’s app and desktop storefront offer an experience that users are familiar with in Web2, while offering all of the extra features that Web3 makes possible. The low gas fees will also allow for new use cases and new types of NFTs to be sold. If a typical transaction fee for a NFT is over a hundred dollars, it doesn’t make much sense to release collections that are only a few dollars. Now, with gasless transactions it will be possible for artists and creators to target a wider audience with more affordable products. Before the crypto market crash earlier this year, Curate’s XCUR token hit an all-time high of over ten dollars, and is now trading at an incredible discount at around three dollars. The current market cap is just around 25 million, which means that it can move very fast once people start to find out about it. With a new gasless NFT marketplace and more features coming in the following months, we can expect this platform the grow larger and that is good news for the XCUR token.

But that’s all I got. Be Blessed. Bitboy Out.

Source: https://thebittimes.com/hottest-nft-altcoin-no-gas-fees-on-this-nft-blockchain-tbt3068.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com