Niftables Wants To Take NFTs Into The Mainstream With A New Marketplace And White-Label Solution For Creators
The mainstream appeal of non-fungible tokens has never been more outspoken than it is today. Everyone seeks exposure to NFT assets, representing a market worth roughly $17 billion. The introduction of white-label solutio...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The mainstream appeal of non-fungible tokens has never been more outspoken than it is today. Everyone seeks exposure to NFT assets, representing a market worth roughly $17 billion. The introduction of white-label solutions and an interconnecting marketplace by Niftables may lead to much higher valuations.
The NFT Industry Growth ContinuesThe past two years have been rather wild for the cryptocurrency industry. More specifically, the introduction of non-fungible tokens has brought major investors, celebrities, and mainstream users over to this industry. While NFTs are primarily speculative – like cryptocurrencies – several projects have established a long-term presence. Together, all projects combine for an estimated market cap of over $17 billion in 2021.
That market cap is a big step up from $82.5 million in 2020. It is uncanny how far the NFT vertical has come in such a short time. Moreover, brands and creators continue to express an interest in this industry. Unfortunately, they are held back by a lack of convenient and automated solutions taking care of everything surrounding the creation of a new collection.
Niftables may hold the solution to this pressing matter. Any creator or brand can venture into the NFT segment through its upcoming white-label solution. The framework powering that shift possible is the Niftables metamarket, enabling full automation of NFT utilities and seamless frontend and backend integration into an NFT network. Creators launch collections directly into a market, providing utility through a wider ecosystem.
Furthermore, the metamarket approach enables support for VR and AR-compatible 3D galleries. Combined with fiat and crypto payment gateways and integrated custody solutions, the technology stack makes it straightforward for mainstream users to become part of the non-fungible token world. Additionally, creators can distribute NFTs through subscription services, drops, auctions, etc., giving them full control.
The Niftables Marketplace VisionNiftables also aims to launch a cross-chain gas-free NFT marketplace to help enthusiasts buy, trade, sell, swap, or redeem NTs and rewards from creators’ white-label platforms. The marketplace will act as a hub to browse verified white-label platforms, stores, profiles, and collections. Furthermore, Niftables’ integration with Rarible and OpenSea will help facilitate secondary market sales.
Niftables Co-Founder Jordan Aitali adds:
“A one-stop-shop doesn’t mean one-size-fits-all. That’s why Niftables is built to let creators and brands fully customize their white-label NFT platforms from the get-go. We ensure that each creator’s NFT platform is in tandem with their branding and overall vision.”
The Niftables $NFT asset will be a crucial aspect of this ecosystem. It is a payment method throughout the ecosystem, including the white-label platforms established by creators and brands. Additionally, $NFT holders will benefit from customized user profiles and discounted purchase rates across all external white-label platforms.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on NewsBTCRelated market context
Japan’s Quantum Solutions sells 1,000 ETH for $1.9M to fund AI data center expansion
Quantum Solutions' ETH sale highlights a strategic shift from crypto holdings to AI infrastructure, betting on rapid AI data cente...
US ETF industry sees record 390 launches in 2 months, and half of them use derivatives
The surge in derivative-based ETFs heightens market complexity, posing increased risks for retail investors and challenging regula...
Wall Street is sitting on a $16.3 billion Bitcoin loss, and an August 14 deadline will expose who is quietly fleeing
Bloomberg Intelligence estimates the average net cost basis of US spot Bitcoin ETF capital at roughly $82,249, leaving the positio...
Global Esports keeps winning in VCT Pacific as esports industry eyes crypto crossover
Global Esports' structured media approach signals esports' maturation, potentially attracting diverse investments beyond tradition...
Strategy’s Saylor confident STRC will hit $100, buybacks may increase
Saylor's confidence and potential buybacks could stabilize STRC's value, impacting investor sentiment and market dynamics signific...
Sam Altman ChatGPT AI Predicts Bitcoin Will Make History by End of 2026
ChatGPT AI predicts a steady climb for Bitcoin, and this price prediction begins with an unusual correction built right in. At rou...