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NFTrade Releases Mainnet to Improve Global NFT Ecosystem, Plans Launching Utility Token

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Wed, 05/19/2021 - 07:00
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Yuri Molchan
NFTrade, a multi-functional and multi-chain aggregator, plans to launch an IDO and has released its own mainnet for NFT creators and collectors
NFTrade Releases Mainnet to Improve Global NFT Ecosystem, Plans Launching Utility Token
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As was exclusively shared with U.Today, the NFTrade platform that provides multiple types of services and works as a crypto exchange, NTF farming and creation hub, has launched its own mainnet and intends to work with the entire global NFT ecosystem, bringing non-fungible tokens from all other blockchains together for its users.

Besides migrating from Ethereum to its own mainnet, the platform intends to launch an NFT utility token soon.

NFTrade to optimize NFT ecosystem and issue its utility token

The company has released its own mainnet to provide users with a multiple-service platform that deals with non-fungible tokens. While other blockchain NFT platforms offer a limited number of services to customers, NFTrade does not restrict clients' ability to make their own NFTs and includes every aspect of the regular NFT life cycle across many other DLT platforms as well.

Aside from that, NFTrade is going to conduct an IDO (initial dex offering) on nearly 10 different platforms and launch their NFT utility token.

Thanks to the new mainnet, NFTrade will be able to bridge all other NFT platforms, thus increasing liquidity and giving users greater access to the fractured market of non-fungible tokens.

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What makes the new mainnet attractive for users

The new mainnet launched by NFTrade gives customers a wide range of opportunities: exchanging NFTs via peer-to-peer escrows, NFT farming, staking tokens from various crypto projects to let them earn collectible or utility-based NFTs and so on.

During at least the first half-year, the platform will not be charging any transaction fees for buying, selling, peer-to-peer swapping and other operations.

Users will be offered multi-chain minting, they can create NFTs on Ethereum via NFTrade and then easily interact with such blockchains as Binance Smart Chain, Avalanche, Huobi Eco Chain and more.

The utility token that NFTrade intends to launch will be tradable across all integrated blockchains. The company will also offer NFT farming, an NFT launchpad and various social features for its users.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.