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Avalanche to Host Novel NFT Marketplace Artcrypted: Here's Why It Is Special

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Sat, 05/21/2022 - 20:45
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Vladislav Sopov
Artcrypted, unique marketplace for non-fungible tokens (NFTs), is set to launch on Avalanche in June
Avalanche to Host Novel NFT Marketplace Artcrypted: Here's Why It Is Special
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Avalanche (AVAX) ecosystem of decentralized applications (dApps) gains steam: eccentric digital collectibles platform Artcrypted chose it as its technical basis.

Artcrypted introduces 1:1 NFT to Avalanche (AVAX)

According to the official announcement shared by Artrcrypted NFT marketplace, it is going to start operations on Avalanche (AVAX) blockchain as soon as June 2022.

Once launched, Artrcrypted platform will be focused on releasing "unique" art concepts, that were not unveiled previously in either physical or digital form.

The Artcrypted team decided to collaborate with Avalanche due to its technically advanced and resource-efficient design that pushes the barriers of reliability and scalability:

We believe in the future of their project; with their subnet technology we're guaranteed a superior performance and more stability, at a minimum fraction of the energy cost.

As covered by U.Today previously, Avalanche (AVAX) promotes its Subnets as a far more optimized scalability solution compared to mainstream Ethereum L2s.

Bringing NFTs to LATAM region

As such, Artrcrypted will be able to offer its clients and enthusiasts reduced fees so that artists can focus on creating rather than fundraising.

In its business development strategy, Artrcrypted is going to prioritize Latin American artists. As U.Today previously reported, this is also in focus for Rootstock-based NFT marketplace Carnival.

Related
NFT Marketplace Carnaval Launches on Bitcoin (BTC), Here's How

Carnival launched on March 8, 2022, on Bitcoin-centric platform RSK Infrastructure Framework (RIF).

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)