In February, the NFT trading volume reached an all-time high of $342 million - that’s higher than all the NFT sales of 2020 combined. It’s actually not all that surprising when you consider that there are users willing to pay $6.6m for a 10-second video, bid more than $88k in Ethereum for the first Jack Dorsey Tweet and buy in-game land for $1.5 million. The movement is joined by Justin Roiland, co-creator of Rick and Morty, Banksy, Grimes, and so many other names, not to mention music artists releasing their albums as NFT tokens.
Source: dappradar.com/blog/dapp-industry-report-february-2021
Users are drawn to non-fungible tokens for the sense of ownership. They buy them to show-off just as some might show-off a new sports car purchase in the material world. Others monetize their NFTs by staking or harvesting more resourceswithin a game. But with a new drop coming out every day, it’s become nearly impossible for an artist to stand out. To address this problem, SpaceSwap is announcing the launch of NFT STARS, a new and exclusive digital art marketplace.
The Idea Behind the Platform
The NFT STARS interface. It's not the final version of the platform.
SpaceSwap is a one-stop station for all major DeFi services present on Ethereum and Binance Smart Chain. Since their first pool, the team has issued themed non-fungible tokens to provide their users with tools for earning more MILK2, the project's native coin. SpaceSwap is actively collaborating with other projects to release partnership collections and incorporate gamification mechanics, adding a little spice to the NFT game. With a deep understanding of the market, the team noticed a particular problem. While users benefit from all the fun parts of the process, many artists struggle to break through the noize and marketplaces are filled with questionable pieces. Thus, the idea of NFT STARS was born.
NFT STARS will be a space where creativity and quality outweigh the number of works. Instead of offering users hundreds of collectibles, the team is going to hand-pick every artist and build a platform that’s truly faithful to the ideology of non-fungibility. Every artist picked for the platform will have their own corner in the crypto world, a landing page featuring a short bio, their vision on the art and all their works. Digital creators will have tools to collaborate with each other and to add game-design elements for keeping the community engaged. In this way, the voice of every artist we celebrate will be heard.
Artist's profile. It's not the final version of the platform.
Coming to the platform, users will be able to scroll through all the creations, learn more about their favorite artists and have the opportunity to buy and stake non-fungible tokens.
Proceeds from the NFT sale will be divided between artists and the team helping to promote works. A small portion of the revenue will be used to support MILK2 price: used as liquidity, burnt or redistributed among holders.
The SpaceSwap team has not announced a release date yet but has mentioned that they are already in discussions with several top artists. Visit SpaceSwap or jump in the blog to explore the entire ecosystem.
Follow official channels to get updated about NFT STARS:
Telegram: t.me/SpaceSwap
Twitter: https://twitter.com/spaceswapdefi
Discord: https://discord.gg/r6RymJj
