NFTify will launch its IDO on Ignition!
We are excited to announce NFTify will be launching on Ignition. NFTify is the Shopify for NFTs, allowing small businesses to create their own digital NFT asset stores without coding.
Here are the important dates to note for participation:
📋 Whitelist Start: May 26, 2021 11AM UTC
⏰ Whitelist Close: May 29, 2021 4AM UTC
🚀 IDO on Ignition: June 4, 2021 11AM UTC
🔒➡️🔓 Vesting Period: Tokens 100% Redeemable on Ignition
Apply for the NFTify whitelist lottery for Ignition HERE.*
Current problems with the global NFT market
Global popularity and interest surrounding NFTs have soared at an unprecedented rate with a market valued at over $250 million and growing, and over $2 Billion spent on NFTs in the first quarter of 2021. This has led many individuals to mint, buy and trade these digital assets on existing third-party platforms and marketplaces such as OpenSea or Raribles. Such platforms have successfully brought NFTs into the limelight. However, many would agree that they are limited due to slow and inconsistent speeds, an amateur shop structure, and the fact that there is no specific focus or theme of the NFT products being showcased. Moreover, by using them, NFT creators are currently drowning in a sea of new NFT brands, from indie artists to space entrepreneurs, which makes it difficult for NFT marketers to reach a specific target audience efficiently.
NFTify is a next-generation NFT e-commerce platform
NFTify has been created to add more focus and usability to the global NFT marketplace allowing integration with other e-commerce, data and blockchain ecosystems. Self-branded as the Shopify for NFTs, NFTify utilizes next-generation blockchain technology grounded in the Polkadot ecosystem to streamline an advanced set of e-commerce tools so users can build powerful NFT brands and transact their digital assets with ease. By utilizing the NFTify platform, users or shop owners can create their own NFT e-commerce stores and customize their appearance and functions by applying various themes and installing plugins. This will enable them to assemble their shops with ease and in a way that is familiar to those who have experience on platforms such as Shopify or WordPress.
Important features of NFTify include a more efficient and interconnected buyer and seller matching system that is intelligent and relevant. NFT transactions are transparent, traceable, and copyright protected. There is also a high focus on branding, so users can create unique NFT marketing identities to set them apart from their competition. By doing so, NFT marketers can highly target their marketing campaigns towards their suited demographics and make their strategies customer-centric. Besides these aspects, NFTify allows users to benefit from limitless earnings and monetization potential, self-learning search and matching tools, NFT copyright & copycat protection and other advanced digital content solutions.
Don’t miss out! Help bring DeFi investment gains to the masses, whitelist for NFTify HERE*
Theft and protection in the NFT marketplace
Promoting NFT products on social media or through content marketing channels is a great way to get traffic to a specific store or raise awareness about a specific NFT. However, it also makes them vulnerable to theft and fraud, which is currently a huge problem in this space. NFTify will overcome this by introducing smart copyright search services that utilize built-in AI technology to detect fakes, duplicates or similar assets. This will provide buyers and sellers with more peace of mind and less worry about copyright infringement, legal grey areas, or massive legal bills that could arise when defending a copyright infringement.
The NFTify Token
The NFTify token will be the native utility token of the NFTify platform. It will allow shop owners to pay for creating their stores and will be used as the accepted payment method from customers when trading NFT’s. The token will also grant users of the platform governance privileges on the future development of the NFTify protocol.
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which vary per project on a case to case basis. For a list of NFTify specific restricted KYC countries, check HERE.
NFTify allows small businesses to create their own NFT store without coding; helps NFT authors issue NFT easily and detect fake/similar content for copyright protection purposes; provides NFT collectors with a platform to transact at a much lower cost.
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform; it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
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