NFT Marketplace Launch — Dec 20, 2021
We are excited to announce the launch of our NFT marketplace, an all-in-one place to mint, buy and sell Non-Fungible Tokens, where makes accessing the NFT market as easy as accessing the crypto market on two predominant smart chains — Ethereum and Binance Smart Chain.
Two BIG surprises!
1- NFT airdrop
To celebrate this launch we have planned a great NFT airdrop for the PAYB community, either you are a PAYB holder or a trader using PaybSwap AMM DEX (better be both!).
More details on this will be published in the coming days; for now all you need to know is:
- NFT airdrops are categorized into Diamond, Gold, and Platinum groups.
- Main PAYB holders will get an NFT.
- DEX traders can get eligible for NFT airdrop.
- Anyone that holds these NFTs will be eligible to get free PAYB tokens in our big upcoming PAYB airdrop.
Stay tuned for full details on this very soon.
2- NFT Cross-Chain Swaps
This is another big milestone our dev team has planned to achieve in the coming weeks after launching the cross-chain vaults. With this feature, for the first time, NFT owners will be able to move their tokens from one chain to another, starting with BSC and Ethereum (adding more chains afterward). This would allow NFT holders to swap their assets to their preferred chain, and reach a bigger audience in that chain, or just have lower on-chain fees.
A word on NFT market
NFTs are one-of-a-kind digital assets recorded on a blockchain used to represent the ownership of online items like rare art, photos, videos, audio, and any other types of digital files. Industries such as fashion, gaming, and music are increasingly recognizing the power of NFTs to unlock new forms of creativity and ownership. Data from Dappradar shows the NFT market generated $10.67B in trading volume in Q3 2021, and according to a research by Cointelegraph, NFT sales aim for $17.7B record in 2021. Considering the growth pace, in addition to the hype around Metaverse, we could imagine NFTs could be as big or even bigger than crypto itself, and if that happens PaybSwap will be a part of it already.
We believe NFT marketplaces increase economic freedom and fairly compensate artists with declined revenue due to the lack of a proper platform for their sales, as well as the widespread availability of media online.
To conclude, these are the advantages of the PaybSwap NFT marketplace:
- Supporting both Ethereum and BSC
- Low fees on BSC
- Cross-Chain NFT swaps
- NFT airdrop to holders and traders
Go ahead and mint your first NFT on our marketplace. It feels amazing!