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

CricketIndia vs South Africa 2025 Schedule: Full List of Matches, Dates, Venues and Fixtures

TechnologyOpenAI Offers ChatGPT Go Free for a Year in India; Check All the Features Users Can Now Access

NationalGolden Power: Indian Women Now Hold 24,000 Tonnes of Gold, Outshining Global Investors

MumbaiMumbai Man Pursuing PhD in US Booked for Sexually Abusing Woman on False Promise of Marriage

LifestyleCreative Rangoli Designs for Dhanteras and Diwali 2025 to Welcome Goddess Lakshmi

Technology Realted Stories

TechnologyTelangana Cabinet clears Bill for welfare of Gig workers

TechnologyGati Shakti Vishwavidyalaya, DRDO sign MoU to develop smart tech solutions for national security

TechnologyCSIR-ISRO Space Meet organised to strengthen India's preparedness for human spaceflight programme

TechnologyPrime Minister Modi meets 16th Finance Commission's delegation

TechnologyMP: National children’s science exhibition to kick off tomorrow