ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Hong Kong crypto firms seeing interest from Chinese banks: Report

March 27, 2023

Both Bitcoin and Ethereum to be the frontrunners of the next Bullrun, whereas RenQ Finance to be the torch bearer

March 27, 2023

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

March 27, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023

    Both Bitcoin and Ethereum to be the frontrunners of the next Bullrun, whereas RenQ Finance to be the torch bearer

    March 27, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

    March 27, 2023

    XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

    March 26, 2023

    Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

    March 26, 2023

    Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

    March 26, 2023

    How does the economy work?

    March 26, 2023

    Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

    March 26, 2023

    Euler Finance exploiter returns over 58,000 stolen Ether

    March 25, 2023

    Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

    March 24, 2023

    Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

    March 24, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    Polkadot, Kusama and Cardano Leading Crypto Space in Terms of ‘Notable GitHub Activity’: Santiment

    March 25, 2023

    Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up

    March 25, 2023

    Arbitrum Discord hacker shares phishing announcement amid airdrop hype

    March 25, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023

    Both Bitcoin and Ethereum to be the frontrunners of the next Bullrun, whereas RenQ Finance to be the torch bearer

    March 27, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

    March 27, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    ⚠️Was It An Inside Job?⚠️ (The Fall Of NEXO)

    March 27, 2023

    Bitcoin $50k SOON (Why $1T is Coming to Crypto ASAP)

    March 26, 2023

    More Bank Runs Coming!? Which Ones Are At Risk!?

    March 26, 2023

    New *Leaked Email* Reveals Amazon’s SECRET Crypto Plan..😳

    March 26, 2023

    🔴 US Economy is headed for a "DISASTER of EPIC Proportion"! 🔴

    March 24, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.540% 24H
    BITCOIN
    24H : 0.540%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.30% 24H
    ETHEREUM
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.45% 24H
    TETHER
    24H : -0.45%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.630% 24H
    BNB
    24H : 0.630%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.42% 24H
    USD COIN
    24H : -0.42%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.79% 24H
    XRP
    24H : -0.79%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.46% 24H
    CARDANO
    24H : -2.46%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.49% 24H
    LIDO STAKED ETHER
    24H : -0.49%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.540% 24H
    BITCOIN
    24H : 0.540%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.30% 24H
    ETHEREUM
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.45% 24H
    TETHER
    24H : -0.45%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.630% 24H
    BNB
    24H : 0.630%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.42% 24H
    USD COIN
    24H : -0.42%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.79% 24H
    XRP
    24H : -0.79%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.46% 24H
    CARDANO
    24H : -2.46%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.49% 24H
    LIDO STAKED ETHER
    24H : -0.49%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » New NFT Marketplace Raises $7M to Bolster Its Platform
NFT

New NFT Marketplace Raises $7M to Bolster Its Platform

NFT EveningBy NFT EveningJuly 11, 20221 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

The new NFT marketplace myNFT has announced its upcoming launch, off the back of a successful Series A funding round. In the round, the London-based NFT marketplace secured funding from some of the biggest names in blockchain today. As a result, myNFT has the resources to work toward its mission of making NFTs accessible to all.

Everything you need to know about the myNFT marketplace

As mentioned above, the primary goal of myNFT is to make the NFT market more accessible. Indeed, myNFT notes the many barriers to entry for newcomers to the NFT space. Thus, its new marketplace is working to remove those barriers for NFT traders. This includes lowering costs through its 2% market fee, supporting both multi-chain and fiat payment methods, and much more.

One such key feature available on launch day is the platform’s fiat onramp. To explain, this will allow people to buy and sell NFTs using fiat currencies like the British Pound Sterling (£) and US Dollars ($).

What’s more, myNFT is also utilizing a brand new auction system called GBM. Amazingly, a GBM auction only has two outcomes. Either the bidder makes money when they are outbid, or they win the auction. This potentially revolutionary “bid-to-earn” auction system obviously adds a lot of fun to NFT auctions.


mockups of myNFT marketplace platform

The new NFT platform uses Moonbeam Parachain on Polkadot

Significantly, myNFT is built on the Moonbeam parachain. For those who don’t know, Polkadot is an open-source blockchain founded by Ethereum co-founder Gavin Wood. In fact, Polkadot is known as ‘the internet of blockchains’ because it connects blockchains.

This allows people to send data across networks that would otherwise be incompatible. Thanks to the combination of using Polkadot alongside myNFT’s own technical architecture, myNFT users will be able to use Ethereum, Moonbeam & Moonriver, Polygon, and Binance Smart Chain at launch.

Clearly, building on Polkadot enables myNFT to offer its users an array of amazing features. For example, myNFT users will eventually be able to create, trade, and migrate NFTs between any blockchain. And all at low costs. As a matter of fact, users on myNFT would not have to deal with anything like the massive gas fees that Ethereum users have to pay for many transactions.


comparison of myNFT and other NFT marketplaces

myNFT’s successful Series A funding round

Of course, the experience of myNFT’s three co-founders played a huge role in shaping the platform. To clarify, Hugo McDonaugh, Edouard Bessire, and Guillaume Gonnaud have been working in the NFT space since the very early days.

Most recently, they launched the platform Cryptograph. To sum up, the platform enabled Hollywood celebrities and artists to create their own NFTs and give a portion of the proceeds to a charity of their choice. It was while building Cryptograph that the three founders started to encounter the issues that myNFT is now looking to solve.

The Series A for myNFT was led by Scytale Ventures, a leading investor in the blockchain industry. Other investors include SevenX Ventures, Future Perfect Ventures, Signum Growth Investments,  Bruno Skvorc (Founder of RMRK), George McDonaugh (Co-founder of KR1), and a variety of other family offices and angel investors. The team has also received a grant from the  Moonbeam Foundation for their work on important NFT infrastructure for Web3.

 

For those who can’t wait to experience myNFT’s incredible features, not to worry! The platform will be launching later this month. Until then, you can register on the myNFT website to be one of its first users. In addition, be sure to follow its Twitter and Instagram accounts to stay up on any updates.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Lazy Lions and OpenSea Team Up for Exclusive NFTs

March 27, 2023

ArtBlocks Announce Next Curated Release: Cargo by Kim Asendorf

March 26, 2023

NFT Legal Battle Concludes with Dismissal of Ownership Claims

March 26, 2023

y00ts Polygon Migration Begins March 27th with Exclusive Benefits for Early Birds

March 26, 2023

Otherside Second Trip: What Went Down?

March 26, 2023

GDC 2023 Oscars-style Red Carpet Greeted Gamers

March 25, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Hong Kong crypto firms seeing interest from Chinese banks: Report

March 27, 2023

Both Bitcoin and Ethereum to be the frontrunners of the next Bullrun, whereas RenQ Finance to be the torch bearer

March 27, 2023

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

March 27, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.