AdaSwap (ASW) has announced the launch of ADANFT, which is its first marketplace in the NFT category. The flagship new-gen marketplace, ADANFT, is scheduled to launch on Cardano (ADA), the world’s largest proof-of-stake blockchain. The ADANFT will have features like community driven moderation to avoid copied material as well as high prices. AdaSwap is a platform that enables releasing dApps and DeFi on Cardano (ADA) simple and painless.
The technology used by AdaSwap in ADANFT marketplace
Two cutting-edge technologies will be used to accelerate the ADANFT ecosystem in order to address the most hazardous challenges in the NFT segment. Users of ADANFT, in particular, will be prevented from purchasing copied materials and paying high prices.
ADANFT uses a community-driven moderation process since the market is flooded with knockoffs of well-known NFT exhibitions notably Azuki, RTFKT, Bored Ape Yacht Club, Mutant Ape Yacht Clubs, and others. New releases will be authorised by community-selected moderators, who will also greenlight the outstanding artwork.
Features of ADANFT
ADANFT users will pay minimal fees, significantly lower than Ethereum (ETH) and other crypto giants using a revolutionary Cardano-based technological approach. Lennon Qualmann, CEO of AdaSwap, claims that his platform will break down limitations of decentralisation and resource utilization in NFT transactions and the digital art markets.
The AdaSwap ecosystem’s primary native utility and governance asset, ASW, will be a key component of ADANFT’s tokenomic architecture. ADANFT users will be divided into three levels as per the size of their ASW holding: Silver, Gold, and Platinum.
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