- NFTs of CryptoPunks and BAYC are popular, and marketplaces for these assets seem to be riding the wave
- Artrade claims it can bring NFT trading to a simple smartphone app to make it mainstream
- The linked ATR token is a new crypto in the market, and there is not enough data about its performance
In the top 100 crypto assets on the CoinMarketCap list, the AXS token of blockchain game Axie Infinity had registered one of the gains over the past 24 hours as of writing.
Axie Infinity has in-house non-fungible tokens (NFTs), titled Axie. These creatures can be held by the game’s users as digital assets. Be it Axie, or CryptoPunks and Bored Ape Yacht Club (BAYC) linked NFTs, these digital assets have piqued the interest of many. Perhaps, as a result, NFT marketplaces like Rarible, SuperRare, and OpenSea have also become popular.
A new NFT marketplace, titled Artrade, is claiming to be different from others. Let’s find out.
Will Instagram Become NFT Marketplace Disrupter?
What is Artrade NFT marketplace?
The platform is using the Solana blockchain to build a mobile app that can enable trade in NFTs. Since Artrade will also be a mobile application, the project claims users would be able to import their Twitter and Instagram data to the Artrade app.
The project mentions that the users of the app would be able to make NFT purchases using cryptos as well as fiat currency. Like most other marketplaces, Artrade is betting on both fixed price and auction-based sales.
The Artrade app would also support the creation of new NFTs using a smartphone or computer, the project claims. Artrade is projecting itself as a user-friendly, fast, and low-fee platform in the NFT marketplace sector.
Artrade’s ATR crypto
The Artrade crypto or ATR is a native token, which the project is floating via an ICO to collect funds for further development. Artrade’s whitepaper states that discounts would be offered if users transact on its app in the ATR token.
Besides, the ATR token, the project claims, could be used in staking, earning interest and for voting on Artrade’s governance matters. A BEP-20 crypto, the ATR token is available on PancakeSwap. Artrade has yet to be listed on price tracking websites like CoinMarketCap.
The ATR token’s price prediction is not possible as the project is very new, and it has yet to demonstrate the potential it is promising. Crypto enthusiasts must exercise caution when dealing with new projects.
NFTs are popular, perhaps thanks to people like Jack Dorsey jumping onto the bandwagon. BAYC and Beeple’s NFTs are major assets, and lately, a crypto, ApeCoin, was launched, which is linked to the BAYC project.
Over the past 24 hours, Axie Infinity’s AXS token has gained sharply, and the game also has NFTs in the form of Axie creatures. Artrade claims to bring NFT trading to a smartphone app, but how this develops in the future has yet to be seen. The native ATR token is very new, and extreme caution must be exercised by enthusiasts.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.