The past year can be characterized by many things, and we have seen many trends come and go in the cryptocurrency markets. One of them, however, got stuck. What’s more, it looks like it’s here to stay.
While non-fungible tokens (NFTs) made their grand appearance long ago, it wasn’t until 2021 that they really started to explode in popularity. Being February 2022, this trend shows no signs of slowing down.
Moreover, NFTs are now presented as part of a concept that is also gaining popularity. Namely, it’s the metaverse – something that became one of the hottest topics towards the end of last year due to Facebook’s decision to rebrand to Meta and devote considerable effort to the creation of the metaverse.
Whether or not this will happen is a subject for a different discussion, but, in any case, the cat’s out of the bag, and there’s no turning back. NFTs became the go-to choice of retail investors and are currently the most commonly used gateway to the cryptocurrency industry.
As such, there is a need for platforms that conceptualize different merits and make user onboarding a seamless process. This is where Artrade comes into play.
Artrade and Its Native Functionalities
The native token of Artrade, ATR, is the digital currency to facilitate transactions within the app for NFTs. However, the Artrade app allows users to grab NFTs with other digital currencies. Users who use ATR will purchase NFTs at a discount.
Once users purchase NFTs, they can display them in private and public galleries, and if they choose to do so, they will be rewarded with a fraction of the native token. The value of earned income is entirely dependent on the popularity of digital art and its price.
Users will also benefit from the in-app stacking feature, which allows them to view the interest received from displaying their NFTs every day. Also, users may choose to leave the pool anytime. Artrade is putting power in the hands of users and participants by allowing them to create NFTs directly from their smartphones. However, this opportunity is reserved for those with social media influencers or popular people.
For charitable causes, influencers can mint NFTs specifically for donations through the Binance Blockchain Charity ClimateWallet wallet.
The project runs on Solana because the blockchain is fast and more affordable than Ethereum, albeit in its current state. The intention of the team behind Artrade is to make the project accessible on other blockchains and become a cross-chain platform.
Another reason for this is the alleged lower carbon footprint of the Solana network, and to further highlight this cause, Artrade has also partnered with ClimatePartner – a climate organization that monitors carbon emissions with the aim of certifying projects as ” carbon neutral”. Artrade would have been given the green light.
An All-in-One NFT Hub
Artrade aims to position itself as an NFT hub where new participants can access the digital marketplace and quickly become NFT owners without having to jump through major loops.
To get started with the app, new users must first download the mobile app to their smartphone. There is also a desktop version. New users are encouraged to login through their social media credentials such as Instagram or Twitter.
Similarly, new users might be requested to enter their email addresses to create an Artrade wallet. Once social media handles have been authenticated, the platform requests buyers to add 2FA or faceID. Both authentication requirements are necessary for login, buy or sell orders, and crypto or NFT transactions – providing additional layers of security as the crypto space remains a target of bad actors.
Once approved, the platform associates its digital marketplace as a means of verification. Users can also directly buy and sell the native token within the app.
