On September 24, 2021, the Fantom Foundation announced the launch of a new Non-Fungible Token (NFT) marketplace that aims to compete with the myriad of NFT markets out there. The market called Artion is an NFT marketplace built on top of the Fantom network and claims to bolster “0% commissions with almost zero transaction costs”.
Fantom unveils beta version of Artion NFT marketplace
A new NFT marketplace is here announced by the Fantom Foundation following the multi-billion dollar NFT sales from seasoned NFT markets using the Ethereum (ETH) Network such as Opensea, Rarible and Makersplace.
More recently, due to excessive network fees and transaction backlogs, the Ethereum network has grown over other blockchains such as Avalanche (AVAX), Solana (SOL), Binance Smart Chain (BSC), Terra (LUNA), Tezos (XTZ), and more. This also includes taking money from the sale of decentralized finance (defi) and non-fungible tokens (NFT) as other blockchains are now offering these services.
Fantom is another blockchain network that aims to join the battle for Defi, NFTs, and smart contracts. The website fantom.foundation says the protocol is a “fast, open source, high-throughput smart contract platform for digital assets and dapps”.
The platform has a native cryptocurrency called Fantom (FTM) which has increased by 151% in 30 days and has increased by 3,070% in the year to date. On Friday, the Fantom Foundation announced the launch of an NFT marketplace that is currently in beta Artion. The NFT market is based on Fantom and is connected to wallets such as Metamask and the Coinbase defi-compatible wallet.
“Artion is feature-rich, open-source, fast and inexpensive: 0% commissions, with the transaction costs of almost zero and the quick finality that you are used to,” describes the Fantom Foundation blog post. “Artion supports Fantom-based ERC20 tokens starting with FUSDT, USDC, DAI and WFTM. Future versions will add support for even more tokens. In addition, creators can set royalties at the time of minting and generate income from sales in the secondary market, ”the blog post explains.
Defi Coder Andre Cronje: “It’s not about the money … it’s about sending a message”
The creator of Yearn Finance and Keep3rV1, André Cronje is also behind the Artion NFT project. The productive programmer talked on the market compared to the leading NFT market Opensea in a recent interview. After the interview, Cronje tweeted a GIF from the “Joker” movie with Joaquin Phoenix that says “It’s not about the money … it’s about sending a message.”
The NFT Marketplace already has a number of NFT collectibles featured on the web portal from arts, sports, trading cards, NFTs with utility, NFTs of the virtual world, and more. Artion also offers Chainlink price feeds and offers users the option to mint their own non-fungible token collectibles. “The next version of Artion will be an integrated version of AnysSwaps Ethereum Fantom NFT Bridge for interoperability with Ethereum, ”the Artion announcement further details.
The Fantom network already has a number of collections such as Fantom punks, Weird brew, and Fantom Waifus. The Artion project is all open source and tech-savvy people can write the code for the Smart contracts, the server, the Artion customer, and the Marketplace tracker. “Our mission, in short, is to relieve creators of the high fees and constraints that limit imagination,” concludes the Fantom Foundation.
What do you think of the Fantom Foundation and Andre Cronjes Artion NFT marketplace which is based on Fantom? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Fantom Foundation, Artion, Twitter,
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