Here’s where you can buy, sell, trade, and create NFTs
The non-fungible token industry has taken the world by storm over the past year or so. It is a very interesting industry for creators, collectors and speculators. With the help of companies like Unifty, it becomes much easier to navigate the landscape and profitably organize NFTs.
What Unifty aims to achieve
As global interest and demand for non-fungible tokens continues to increase, new infrastructure must be created. Facilitating the organization and management of these NFTs should be a top priority for all service providers. Unit provides this solution cost effectively without sacrificing decentralization. The team aims to become the “WordPress of NFTs”, a platform to integrate millions of people who want to create and share new things.
There is a twofold approach to this vision. First, the team wanted to provide a set of tools for the creators of NFT to enable them to do what they do best. Bringing vision to this industry shouldn’t require extensive coding knowledge or be costly to develop. Unifty makes NFTs more attractive and accessible to creators by removing these aspects of the equation, which will fuel greater “competition” in this space.
The second objective sought by the team is more philosophical. Allowing artists and creators to benefit from the technology they provide is a game-changer. The creator has full control with Unifty, as there is no centralized infrastructure to speak of. As a software-as-a-service principle, the platform allows artists to create NFTs in a decentralized fashion, as it always should have been. A code-free approach creating non-fungible tokens paves the way for the next generation of NFT.
At its core, the platform primarily bridges the gap between NFTs and web content management. As part of the Web 3.0 vision, it is crucial to make tools and services as accessible as possible. Providing a feature-rich environment that is fully decentralized and will receive new features is a significant step forward. While the team recognizes that their user interface needs a bit more work, community feedback on this aspect will help them improve the overall user experience in the months to come.
The NIF token explained
As a blockchain-based ecosystem, Unifty will issue a native token, dubbed NIF. This token will serve a number of purposes, including tool discounts, clearing imbalanced NFT swaps, and using native blockchain bridges. Additionally, users will be able to stake the native token to unlock other values. No details on this value are available at this time, although the Unifty team will reveal more information through their official social networks.
A different use case for NIF is that it is a second required asset on the link curve. This binding curve is part of an upcoming auction tool currently under development by the team.
How does Unifty generate income?
As a global platform to support NFT artists and creators, Unifty generates revenue from a variety of sources. The first source is the costs of one-off deployment of tools and services in the ecosystem. This includes NFT Farms, a Marketplace, and the NFT Bridge. Further deployments are planned for the future and details will be available accordingly.
Second, there is the lifetime income share for assets sold through the Custom NFT Marketplace. The team is developing other tools to facilitate and improve the continuous sale of assets, thereby increasing the overall revenue share to new heights. Finally, Unifty can generate income from service fees for counseling and education. The growing demand for NFT creates opportunities for education and counseling, which can become a viable source of income.
Important milestones to date
Even though most people are not yet familiar with Unifty, the platform has been around for a while. Since its inception, the team has successfully partnered with large networks including Polygon, Avalanche and Elrond. Additionally, the technology that powers Unifty has given rise to white label solutions for Degenr, Block Duelers and others. In addition, there are now over 350 NFT farms – spanning millions of dollars in total locked-in value – offering users the ability to wager tokens for NFT rewards. The latter aspect will help attract more attention to the non-fungible token industry.
Perhaps more interesting is how the team plans to extend their solution to Solana and Polkadot soon. The infrastructure is in place to facilitate this process, although there is no formal integration date yet. As the Unifty solution already covers six blockchains – Ethereum Polygon, Binance Smart Chain, xDai, Avalanche and Celo – it is one of the most compelling cross-chain infrastructure solutions. Unlocking the potential of cross-chain support will benefit the entire NFT industry.