Good morning!
Here comes the fourth in-depth analysis dedicated to Torum, the amazing crypto-social I have the honor of being an Ambassador! My first article about Torum deals with an introduction to the project, the second deals with the expansion on the BSC; the third was about the launch of DeFi and NFT on Torum, which will take place in Q2. Today we're going to talk about Torum NFT Marketplace.
If you haven't read my introduction to Torum yet, I suggest you to read the previous articles:
https://www.publish0x.com/makeitreal/crypto-social-plus-defi-plus-nft-intro-to-torum-xlydmve
https://www.publish0x.com/makeitreal/torum-crypto-social-defi-and-nft-will-be-launched-in-q2-xnqmegy
Torum is the first social network designed for all crypto and blockchain enthusiasts, which rewards users who interact on the platform paying with its native token (XTorum).
The developing team yesterday released the third version of the whitepaper, here's the link: https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V3.0-EN.pdfThe project started in July 2020 with the launch of the social platform and it is rapidly expanding in DeFi and NFT. XTM token will be listed on the main exchanges starting from April, the team will announce shortly on which exchanges the listing will start.
The potential of the platform is tremendous in my opinion, but of course I invite you to do your own research as these are not financial advice.
So I decided to study the Torum Whitepaper to introduce you to the ecosystem that Torum is building.
But let's get to today's topic: Torum NFT Marketplace: A Fast & Friendly One-stop Gateway to NFT.
In the Torum Whitepaper we find that the NFT market is still in its initial phase and Torum is always looking for new solutions in line with the market trend, therefore it introduces an NFT marketplace in the ecosystem. It will be a fast, user-friendly and community-driven NFT showroom, which will be officially released between April and August.
Let's analyze the features of the Torum NFT marketplace:
The First Ever Social-infused NFT Marketplace
By connecting the NFT market to social media, Torum opens up new use cases that can accelerate the adoption of NFT. Artists will be able to create NFTs and share them on their Torum social media profiles to maximize artistic visibility and sales potential.
The Integration of XTM into the Marketplace
As with the Torum social media platform, Torum NFT Marketplace will also integrate XTM (XTorum) as the main token. Anyone can use XTM to purchase NFTs on Torum NFT Marketplace and accept XTM when selling their NFT.
Affordable fees
Since the contract creation (BEP-721 and BEP-1155) on Torum NFT Marketplace will be based on Binance Smart Chain (BSC), the fees will be significantly lower than other existing NFT Marketplace based on the Ethereum blockchain, where the very high gas fees prevent artists from venturing into the NFT space.
Programmable NFTs
Unique NFTs for all Torum users that change appearance based on user activity on the platform (e.g. shards, followers, account age, etc.) on the Torum social media platform.
Earn crypto engaging in a crypto-centric social network:
Join Torum, the first social media platform specifically built for cryptocurrency communities around the world, and earn XTM (XTorum) rewards for your daily and weekly engagement. XTM is the ERC-20 utility token of Torum ecosystem and will be listed on exchanges in April or May 2021. Read Torum Whitepaper to figure out XTM token utilities and the potential of the platform: https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V3.0-EN.pdf. Sign up using my referral link and earn 75 XTM airdrop after email and phone verification: https://www.torum.com/signup?referral_code=makeitreal
