The highly scalable, low-cost Fantom Network released the beta version of its NFT Marketplace: Artion. The platform’s elevator pitch is “O% commissions, with near-zero transaction costs.” Moreover, it claims to address the major barriers to entry for creators and collectors by being low-cost, sophisticated but easy to use.
Since NFTs started gaining ground, Ethereum has been the go-to network. However, it has been plagued by high gas fees and traffic congestion. To solve these issues, Ethereum is in the process of switching to the proof-of-stake (POS) protocol. In contrast, Fantom is already a functioning POS network that allows token holders to stake their tokens and earn accessible rewards.
Speed, low transaction costs, and high throughput make Fantom an ideal network for DeFi applications and real-world use-cases. With the tech component in place, the stage is set for Artion NFT Marketplace to make a name for itself.
Exploring Artion, Fantom’s NFT Marketplace
Artion is feature-filled, open-source, fast, and inexpensive. It has a lot of catching up to do on major players like OpenSea, Nifty Gateway and Foundation. So it plans to stand out by supporting the creator economy. The team believes that this is simply impossible when one needs coding knowledge to mint an NFT. Let alone spend tens or even hundreds of dollars in up-front fees to simply interact on a platform.
With this guiding principle, The platform promises to deliver the best technology in style. Artion features a sleek user interface that allows for sophisticated functionality without requiring any coding knowledge whatsoever. The Fantom NFT marketplace also supports Fantom-based ERC20 tokens. Firstly, fUSDT, USDC, DAI, and wFTM, but future updates bring compatibility with even more tokens. Additionally, creators can set royalties at the time of minting and earn revenue on secondary market sales.
The Fantom based NFT marketplace also features Chainlink price feeds and offers users the ability to mint their own NFT Collectibles. “The next release of Artion will add a built-in version of Anyswap’s Ethereum-Fantom NFT bridge for interoperability with Ethereum,” the Artion announcement further details. This is a game-changer because interoperability is the gatekeeper of mass adoption.
Traction So Far
The creator of Yearn Finance and Keep3rV1, Andre Cronje is also behind the Artion NFT marketplace. The prolific coder recently released Rarity, an ongoing development adventure game built on NFTs. Within days of release, Fantom users minted almost 3 million NFTs, each representing a character in the game.
So in a way, the Artion NFT marketplace builds upon the previous success of Fantom-based projects. To ensure that they can live up to previous successes, the Artion marketplace focuses on being easy to use. It offers NFT holders an easy way to buy and sell NFTs across collections, and most of all, it empowers artists and creators seeking to showcase and sell their work.
The coming months will be packed with development updates so make sure you check out Fantom’s website.
Plus, if you want to know more about the best marketplaces on the blockchain, check out our nifty guide!