A next-generation NFT marketplace named BitCake is scheduled to make its debut this weekend. It promises “a new era for digital collectibles” via the Binance Smart Chain. Its CEO, Shane Cormier, says BitCake will put power “back in in the hands of the artists.”
The marketplace helps users find rare music, videos, sports memorabilia, digital art, podcasts and gaming collectibles. And since it’s based on the Binance blockchain, the cost of using it will be much lower than with Ethereum.
BitCake subsidiary offers NFT services
One of the most innovative parts of the BitCake system is the NFT services it offers. For franchises, brands or celebrities without an in-house design department, BitCake subsidiary CakeShop can fill that gap. For as little as $399 USD, they can create unique artwork to mint as NFTs.
This may be the first time a company has offered to bridge that gap for potential users. Previously, brands hoping to be a part of the NFT world had to invest heavily in producing content. With the potential upside valued in the tens of thousands (even for less-successful drops) a set-up fee in the hundreds makes good business sense.
The evolution of the NFT marketplace
BitCake aims to be a revolutionary marketplace for NFTs. But even without its promised offerings (audio especially) it would still be a historic addition to the crypto world. In just a few short months, it has found the missing piece that will allow it to bring a new level of professionalism and polish to what has been a very Wild West world.