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DeFi developer and creator of Yearn.Finance André Cronje To spear a new TVN called market item.
Cronje has released a beta on the Ghost (CRYPTO: FTM).
In a blog post, Fantom announced the new NFT Marketplace, it costs 1 FTM (about $ 1.3) to hit an NFT.
According to the report, Artion will support ERC-721 tokens such as those available on OpenSea. However, it can cost several hundred dollars to hit NFTs on Ethereum (CRYPTO: ETH).
The blog post indicates that the market offers a low minting fee, which was reduced from 10 FTM on Saturday to a single FTM.
Artion has been a huge success so far!
We receive a lot of valuable feedback and will post constant updates on the platform.
Today we lowered the typing fee from 10 FTM to 1 FTM. Https://t.co/9W8tTmOs9A
– Fantom Foundation (@FantomFDN) September 25, 2021
There is also 0% commission on sales. This comes as high charges on other networks come under scrutiny from regulators.
When launching NFT, Cronje said he wasn’t trying to sink OpenSea but liked to “start fires”.
Cronje tweeted a GIF that said, “It’s not about money, it’s about sending a message.”
On the front-end, Artion seems similar to OpenSea, the NFT market leader which is said to account for over 95% of all NFT sales. Although, unlike OpenSea, Artion’s code is completely open source.
Artion’s NFTs are stored on the decentralized IPFS web hosting network. It has a built-in Ethereum-Fantom NFT bridge for interoperability with collectibles from other NFT markets.
There are almost 50,000 NFTs on Artion, all of which are Fantom NFTs.
Related Link: Time Magazine NFT Collection Sees Very High Demand, Ethereum Network Faces Gas Pain
Photo: Courtesy of phantom.foundation
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