Multi-chain NFT marketplace NFT STARS has announced that it is releasing its NFTS token in an Initial DEX Offering (IDO) on BSCPad, Cyberfi Samurai, A2DAO and FlyBit on June 5th. The new token provides access to premium features and opens the door to a unique NFT ecosystem.
NFT STARS aims to address some current problems in the market that prevent both digital art lovers and artists from enjoying NFTs to the fullest. NFT STARS introduces an exclusive marketplace where every artist has their custom page, a personal manager, the opportunity to consult with a legal team, and partner with other artists on shared projects.
In turn, users have voting power regarding who’s featured on the platform, they can acquire rare pieces to add to their collection (thanks to the fractional trading feature) and they can enjoy browsing through the works in the augmented reality (AR) gallery. The platform is the first to offer startups an Initial NFT Offering and to include its users in the funding process.
The projects has already secured the support of a large number of prominent funds. The list of VCs that have joined the first two rounds of private sales includes Moonwhale Ventures, DAO Maker, AquaBlock Ventures, Pluto Ventures, Platinum Fund, AU 21 Capita, Coin Celect, ZBS Capital, Magnus Capital, Morningstar Ventures, DEXT Force Ventures, BSCP Holdings, Onemax Capital, Basics Capital, Blockhunter Capital, Cyberfi Samurai, Newave Capital, Möbius Finance, Moma Protocol and numerous others.
How Does NFT STARS Change the NFT Scene?
NFT STARS’ NFT marketplace accumulates a set of features and products that provide artists, digital art lovers, startup founders and investors with unique opportunities. The platform also enables NFT liquidity flow on multiple blockchains.
Artists featured on the auctions first go through the executive board’s screening process, after which the active users of the platform participate in their selection process. That way, the auction isn’t flooded with creators speculating on the growing interest – each artist is the true star.
Gas-free NFT Minting
NFT STARS establishes favorable conditions that enable artists to create and evolve. The marketplace frees artists from the burden of fees. NFTs are minted at the time of sale and the purchaser pays the Gas expenses for the minting process. The artist doesn’t pay Gas fees while minting their work.
Collaborative NFT Creation
Furthermore, the platform facilitates joint projects between its artists and enables shared NFT ownership. A group of artists can create an NFT as a team and the proceeds from its sale will be distributed among all the team members.
Augmented Reality Gallery
To bring art closer to the audience, NFT STARS allows artists to create their personalized 3D galleries that can be accessed on a smartphone screen. The gallery is powered by AR technology and allows users to ‘walk’ through exhibitions displaying the artists’ best works, from the comfort of their homes.
NFT Pricing Scanner
If an artist is new to the NFT space and is struggling to put a price on their artwork, NFT STARS can run its NFT Pricing Scanner that analyzes works in other marketplaces. It looks at art that is similar in theme and style, providing artists with a suitable price guide.
Fractional Trading and User Inclusion
Users are a big part of the platform’s operations and development. With NFTS tokens, art lovers will be eligible for NFT discounts, platform liquidity mining and other extras. NFTS holders can buy works of art for NFTS and participate in platform governance. Active participants will be rewarded with tokens and will be included in the artist selection process. NFT STARS opens the NFT world to everyone. Now, users who have been priced out of the market can participate in fractional NFT trading and even add high price-tag works from the biggest names to their collection.
Initial NFT Offering
For startup founders, NFT STARS offers a way to kick-start their success stories through an Initial NFT Offering, which is a brand new type of offering that leverages the strongest elements of NFT technology. A startup goes through two rounds of funding, whereby users purchase NFTs to farm project tokens. NFTS holders have a number of advantages when participating in the Initial NFT Offering.
The NFT market has grown substantially since the beginning of 2021, but the market is still in the active development phase, trying to resolve the shortcomings that all participants face. NFT STARS introduces multiple solutions that will facilitate NFT liquidity, ease the process for artists and make it a more pleasant and inclusive experience for users. The IDO is a chance for digital art lovers to hop on board early and open up new facets of the NFT industry.