Non-fungible tokens (NFTs) have dominated the cryptocurrency market in 2021, contributing over $23 billion in trading volume. This is a sharp rise since the sales volume was hovering around $2.5 billion in the first half of 2021. To accommodate the steady growth of the NFT trading volume, NFT marketplaces are mushrooming throughout the crypto domain. But most of these marketplaces have some flaws in their design and architecture.
To begin with, most NFT marketplaces require some technical knowledge to navigate through the platform. In the absence of an easy user interface, the NFT marketplaces become difficult to access and operate. Additionally, the majority of NFT marketplaces only have the option to purchase NFTs with cryptos. They do not have the necessary features to integrate payment facilities using credit and debit cards.
As a result of the aforementioned factors, a large section of new users feels alienated to dip their toes into the NFT space. But not anymore. The Niftify NFT marketplace addresses these concerns and enables the seamless onboarding of new and experienced NFT enthusiasts.
Niftify: A One-Stop Solution For NFT Trading
Before we delve deeper into the features and characteristics of Niftify, let us first explain what the platform is about.
Niftify is a creator-centric, all-in-one NFT marketplace for the trading of rare and limited-edition collector NFTs. Leveraging the ‘lazy minting’ technique, Niftify NFTs are minted on the Layer-2 Polygon network, thus significantly reducing gas fees. This US-based, regulated, and licensed NFT marketplace boasts of a highly advanced user interface for creating, buying, and selling NFTs. Niftify co-founder, Bruno Ver, has confirmed that people can use their credit and debit cards to transact in Niftify NFTs.
Niftify uses the EIP-2981 royalty standard for its NFTs, thus ensuring all content creators a fair share of royalties. Through EIP-2981, artists continue to hold their ownership rights, with a resell royalty of up to 25%. To further facilitate the creativity of artists, Niftify allows for a wide range of customization options for artist profiles. These premium accounts help the creators to put their artistic creations to a diverse audience base and maximize their income.
On the other hand, collectors and NFT buyers benefit from Niftify’s easy-to-use NFT swap feature. Thus, if a user wants to swap their NFT with another one, they just need to initiate a swap proposal. Niftify performs the rest of the work depending on whether the counterparties accept or decline the proposal. In exchange, Niftify charges a minor 5% commission fee for each successful NFT transaction (2.5% if paid in Niftify’s in-platform $NIFT token).
To ensure transparency, Niftify has a 6-tier licensing system that all NFTs need to comply with to be eligible for transactions. Moreover, the Niftify code can analyze market data and prevent instances of overpriced and unfair NFT listings. The protocol algorithm can estimate the NFT prices in separate market cycles and generate a fair price for each NFTs.
The $NIFT token is a utility token that powers the Niftify protocol and has a total supply of 2 million coins. Users get a straight 50% discount when they use $NIFT tokens to pay for their Niftify-based NFT transactions. Additionally, the total number of $NIFT tokens in a user’s wallet determines their access to special platform features. These can include exclusive airdrops, creating premium profiles, access to streams from content creators, gaming facilities, and member-only accessibility to NFT launches. At the time of writing, the $NIFT token is selling at a price of $0.1116. It’s tradeable on BittrexGlobal amongst other exchanges.
Just last week, Niftify announced that staking $NIFT is live on their platform. We already caught a few users staking the tokens at a high APY.
The Top Celebrity NFT Drops On Niftify
Now that you know all about the Niftify platform, it is time to look into some of their best celebrity NFTs.
Tommy The Animator
Tommy is a world-renowned Grammy Award-winning artist, 3D animator and sculptor, known for his famous language-based artistic style. He has designed a limited set of 20 NFTs called the Ballin’ Budahs which have already sold out on Niftify.
Ice-T is a famous 90s rapper and hip-hop emcee with an equally successful career as a TV actor. People still remember him for his controversial “Cop Killer” song, the Original Gangster album, and his role in Law & Order: SVU TV series. Ice-T has collaborated with Tommy to create a set of 10K NFTs called the Syndicate Lounge collection. The first batch was so famous that they published a second batch of 300 Super Rare NFTs.
Niftify Has More Surprises
The Niftify marketplace is just getting started and has a host of activities planned for 2022. Tito Ortiz, the famous UFC fighter is coming up with his own NFT collection on Niftify. Moreover, from a development perspective, the platform has plans to launch Niftify Music for a music-based NFT marketplace. It will also focus on designing its own gaming and sports-based NFT marketplace by the end of this year. No doubt that 2022 is going to be a busy year for the Niftify team!
They currently have a free NFT to claim if you sign up right now. However, limited spots are available.
Make sure to check out our recent article on BSC and Vechain NFTs as well, if you’re interested in other blockchains and their NFT markets.