City
Epaper

NFTically raises seed funds, launches global marketplace for NFTs

By IANS | Updated: July 20, 2021 16:05 IST

New Delhi, July 20 NFTically, a unique global non-fungible token (NFT) marketplace from India, on Tuesday announced it ...

Open in App

New Delhi, July 20 NFTically, a unique global non-fungible token (NFT) marketplace from India, on Tuesday announced it has raised seed fund from Polygon Matic CEO and angel investor Jayanti Kanani and others.

NFTically enables content creators to launch their own NFT store or marketplace under their domain name, and said it is on track to onboard 1,000 multidisciplinary artists and content creators within the next three months.

"With a clear focus on NFT awareness and the platform's user experience (UX), we aim to connect people with their favourite collectibles, artists, and objects. Through NFTically, anyone can launch any number of NFT marketplaces and get the right value of their creation," said Toshendra Sharma, Founder and CEO.

With NFTically, one can create and sell NFTs in four steps: Set up your wallet, create your collection, upload and mint your NFTs and earn Ethereum for your art.

"The NFT market maturity is one of the most exciting developments that we have witnessed in the Blockchain domain in recent times. This technology shift is much to be banked upon by both investors and artists as it will remain a high growth area," said Kanani.

NFTs allow people to buy and sell ownership of unique digital items in cryptocurrencies, and keep track of who owns them using the Blockchain. NFTs can technically contain anything digital, including drawings, artworks, tweets, animated GIFs, songs or even video games.

With features like Custom UI, social tokens of influencers and KYC, NFTically said it would provide free minting of artworks on its platform, while offering an industry lowest fee of 1.5 per cent on sales occurring on the artists own store/marketplace and 2.5 per cent fee for sales on the NFTically Marketplace.

NFTically currently supports trading and minting in Ethereum, Polygon and Binance smartchain.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Polygon maticJayanti kananiToshendra sharmaindiaNew DelhiNFTThe new delhi municipal councilDelhi south-westIndiUk-indiaRepublic of indiaIndia india
Open in App

Related Stories

NationalCOVID-19 Update: Mumbai Cases Drop Sharply; India’s Active Tally Drops By 428

CricketIndia vs India A Intra-Squad LIVE Streaming: When and Where To Watch Intra-Squad Match on TV and Online?

Navi MumbaiNavi Mumbai News: Border Crackdown Forces Indian Woman to Part With Children and Husband Amid Citizenship Chaos

NationalAir India Plane Crash in Gujarat: Could This Be One of India’s Deadliest Air Disasters? Here Are Top 5 Worst Aviation Tragedies

HealthCOVID-19: What is XFG? New Recombinant Variant Detected With Rapid Spread Potential

Technology Realted Stories

TechnologyAir India to cut international flights on wide body aircraft by 15 pc

TechnologyKarnataka security guard held for uploading nude videos, 13,500 obscene images found on phone

TechnologySAIL beefs up Indian Navy’s INS Arnala with special steel

TechnologyFM Sitharaman urges fintechs to look beyond cities, tap into rural India's potential

TechnologyMedia report on RBI scrutiny unverified and malicious: Standard Chartered Bank