The non-fungible token (NFT) craze is displaying no indicators of slowing down regardless of a crypto market correction. The brand new Nifty’s platform is getting some huge investments.
In an announcement on March 23, the MEME NFT protocol launched its sister firm — Nifty’s. The announcement additionally coincides with the launch of Nifty’s.
Nifty’s is an NFT-focused social media platform that brings collectively publishers, manufacturers, and creators with collectors, curators, and followers.
The brand new platform already has some huge backers. These embody Mark Cuban, Joseph Lubin, Tim Draper, Polychain, Liberty Metropolis Ventures, and NFT whale ‘0xb1’ amongst others.
MEME was launched through the 2020 DeFi growth as a approach for collectors to farm NFTs in swimming pools. This additionally allowed customers to earn its native token, Pineapple, to redeem extra crypto collectibles.
The protocol will profit from the partnership and new launch with extra sources to be channeled into product improvement.
MEME token holders will get a number of advantages. These embody early beta entry to Nifty’s merchandise, unique entry to neighborhood channels and particular occasions, and distinctive Nifty’s NFTs.
MEME additionally introduced its v2 launch which is able to go stay on April 12. This model introduces a extra streamlined NFT farming expertise, enhancements to consumer expertise in artist discovery, and higher platform flexibility. So, this could give artists extra management over their drops.
After the v2 launch, the group has began engaged on Layer 2 scaling options. It additionally developed superior tokenomics, neighborhood curation, and additional decentralization of the protocol.
The Nifty’s launch announcement on March 23 said that the venture has been led by co-founder and CEO Jeff Marsilio, former SVP of recent media on the NBA.
“Our imaginative and prescient for Nifty’s is to allow anybody with a ardour for digital collectibles to be part of a vibrant neighborhood and have interaction in an thrilling new artwork scene crammed with galleries and private interactions which are unconstrained by the restrictions of bodily location,”
The Nifty’s platform will formally launch later this spring, it added.
MEME Token Worth Surges
MEME’s native token has skyrocketed 31% over the previous 24 hours to commerce at $3,670 in line with CoinGecko. It’s simply shy of its all-time excessive, posted on March 12, of $3,730.
Over the previous seven days, the token has made 18%. It cranked a whopping 140% this month because the NFT frenzy continues to dominate markets.
There are 25,567 tokens circulating out of a most 28,000 giving it a market capitalization of $88 million.
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