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IOTA to Have Its Own NFT Marketplace: First Details Announced

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Sat, 04/24/2021 - 14:24
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Vladislav Sopov
An anonymous team of engineers revealed that it is building NFT Marketplace on IOTA's Pollen testnet
IOTA to Have Its Own NFT Marketplace: First Details Announced
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IOTA Foundation has stressed many times that non-fungible tokens are among its top focuses. Now, the NFT Marketplace team is ready to unveil its first such project.

NFT Marketplace introduces first digital collectibles project on IOTA

NFT Marketplace revealed that the first NFT project on IOTA's Pollen is under construction now. Fullstack developers, IOTA developers and UI/UX designers joined forces to bring digital collectibles trading to IOTA.

IOTA NFT marketplace will launch soon
Image via Twitter

Right now, the project is approaching its "minimum viable project" phase. The working MVP will be released on IOTA's Pollen with basic functionality activated.

Namely, the MVP will allow customers to mint and trade NFTs from the first days in operation.

Negligible operational fees are the rationale for NFT Marketplace to choose IOTA among other programmatic platforms. The team highlights that the design of IOTA's Tangle allows it to operate an NFT platform with zero fees for customers.

Designers invited to attend Chrysalis Art Contest

To promote the concept of IOTA-based NFTs, the NFT Marketplace team announced a digital art contest. All Chrysalis-themed artwork will be accepted.

Artists should share their masterpieces on social media and add the phrase, "This is my submission for the IOTA NFT Marketplace Contest @NFTIOTA."

As covered by U.Today previously, IOTA Foundation has started migration of the blockchain to the Chrysalis stage. The first elements were moved on April 21.

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IOTA Begins Migration to Chrysalis, Here’s What It Means

The Chrysalis upgrade and Firefly wallet are two important steps to Coordicide that will make IOTA fully decentralized.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

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