Article Summary, Automatically Generated By AI
About NFTb
Key Points
- NFTb is a marketplace for non-fungible tokens (NFTs) built on the Binance Smart Chain (BSC).
- It’s an open-source, community-owned platform for creating, selling, and trading digital art.
- Files are stored on InterPlanetary File System (IPFS) for longevity and durability.
- Artists are verified, and creators receive royalties and income splits for future resales.
- The NFTB token is used for staking, governance, and settling platform fees.
Founders and Investors
- Founded by Olexiy Fedorov, an entrepreneur
About NFTb: Unlocking the Future of Digital Ownership
Introducing NFTb (NFTB): A Revolutionary Digital Asset
NFTb is a visionary marketplace for non-fungible tokens (NFTs), engineered on the Binance Smart Chain (BSC) with a focus on velocity and cost-effectiveness. The platform is poised to expand its presence across multiple blockchain ecosystems.
NFTb is an open-source, community-driven marketplace that empowers users worldwide to not only participate in the platform, but also create, sell, or trade digital art at a fraction of the cost incurred elsewhere.
Every artwork crafted on NFTb is truly one-of-a-kind, minted on the Binance Smart Chain (BSC), with all associated files securely stored on the InterPlanetary File System (IPFS). As a decentralized, open-source project, IPFS provides a robust, distributed file storage system, allowing users to store their files within a resilient, decentralized hosting framework. This innovative approach ensures the long-term preservation and integrity of the files, as there is no single point of vulnerability.
Beyond a secure and decentralized file storage system, the NFTb team also undertakes a rigorous verification process for all artists on the platform, thereby ensuring a consistently high standard of digital artwork. Furthermore, creators benefit from receiving royalties and income splits for future resales of their digital masterpieces. The NFTB token serves as the native currency of the NFTb platform, facilitating staking for governance purposes and settling platform fees.
The Visionaries Behind NFTb: Meet the Founders
NFTb was founded by Olexiy Fedorov, a visionary entrepreneur hailing from Ukraine. Notably, the NFT marketplace operates as a decentralized, community-driven platform, boasting a thriving community of over 50,000 members, as evidenced by data from Telegram and other social media groups affiliated with the platform.
NFTb boasts esteemed backing from prominent venture capital firms in the cryptocurrency realm, notably the Binance Accelerator Program, which has injected capital to fuel the platform’s development. Additionally, esteemed investors such as Spark Digital, Rarestone Capital, and Next Ventures have collectively invested $200,000 in NFTb’s seed round, as reported.
Unveiling the Unparalleled Essence of NFTb
As NFTs continue to gain momentum, they remain in their nascent stage, with mainstream users still exploring their potential applications, much like the early days of social media. NFTb aims to be a trailblazer in the NFT realm, boasting a distinctive suite of features that prioritize speed, high performance, and social responsibility, allowing creators to allocate a portion of their earnings to charitable causes with each transaction.
One of NFTb’s distinguishing features is its innovative, two-sided marketplace, which brings together digital art creators and collectors, fostering a thriving ecosystem that invests in the growth of a vibrant community of artists and enthusiasts alike.
Looking ahead, NFTb is poised to evolve into a comprehensive NFT marketplace, facilitating seamless cross-chain swaps of NFTs through a sophisticated oracle system that enables advanced price discovery mechanisms for refined NFT trading experiences. With BSC serving as the central hub of liquidity, NFTb is well-positioned to foster unprecedented cross-chain NFT liquidity, while also providing a launchpad for innovative NFT-related projects.
NFTb’s business model is predicated on the collective strength of its community. As the platform’s native token, NFTB’s value will appreciate in tandem with the growth of a vibrant community of creators and collectors, who will reap rewards from the platform’s multifaceted functionality.
What Is the Circulating Supply of NFTb (NFTB) Coins?
NFTb boasts a total token supply of 1 billion, with 120 million tokens earmarked for the team, subject to a one-year lock-up period. Subsequently, 25% of these tokens will be unlocked every three months to support project development. Meanwhile, 450 million tokens will be distributed over a seven-year period in the form of protocol rewards.
The platform’s strategic contributors will be allocated 20.5% of the total token supply, while the foundation will receive an additional 12.5%. Furthermore, NFTb has successfully conducted an IDO sale, wherein 10% of the total token supply was distributed.
The NFTb Network’s Robust Security Framework: A Comprehensive Overview
NFTb is fortified by the Binance Smart Chain’s proof of stake consensus protocol, which employs a proof of stake authority consensus mechanism. This mechanism necessitates that network validators stake BNB, and in return, they receive a reward in the form of transaction fees upon proposing a valid block. Furthermore, the NFTb smart contract undergoes regular security audits conducted by Hacken, a renowned cybersecurity company specializing in blockchain security.
The Anticipated Launch of NFTb Trading: A Timeline Unveiled
NFTb is now live and actively traded on prominent exchanges, including PancakeSwap and Gate.io.
Will NFTb Soar to the $1 Mark?
With a total of 1 billion tokens in circulation, the current market capitalization of NFtb would need to reach $1 billion for the NFTb token to attain a price point of $1 in the future. Although this milestone appears feasible, given the burgeoning popularity of NFTs, the timeline for achieving this price target remains uncertain.
Where to Acquire NFTb (NFTB) Tokens
NFTB tokens are not directly purchasable with fiat currency; however, they can be acquired by buying BNB on any fiat-to-crypto exchange, followed by transferring it to an exchange that lists NFTB tokens. Currently, NFTB is listed on prominent platforms such as PancakeSwap (V2), Gate.io, and CoinW.
New to the world of cryptocurrency? Discover how to seamlessly enter the market and acquire BTC, NFTB, or any other token with ease. Learn more here.
Associated Resources:
Delve into the fascinating realm of NFTs with our comprehensive and accessible guide, tailored specifically for newcomers to the world of digital collectibles.
Stay abreast of the most sought-after NFT collections, ranked by sales volume, on CoinMarketCap.
Discover the art of creating unique digital assets: learn how to mint an NFT with our comprehensive guide.
Discover the innovative realms of Polkarare and Nftfy.
Stay informed with the latest insights from the CMC blog, featuring product updates, strategic partnerships, and key announcements.