Here’s Where You Can Buy, Sell, Swap, And Create NFT’s

The non-fungible token industry has taken the world by storm over the past year. It is a very compelling industry for creators, collectors, and speculators. With the help of ventures like Unifty, it becomes a lot easier to navigate the landscape and cost-effectively organize NFTs.

What Unifty Aims To Achieve

As the global interest in and demand for non-fungible tokens continue to increase, new infrastructure needs to be created. Making it easier to organize and manage these NFTs needs to be a top priority for all service providers. Unity provides that solution cost-effectively without sacrificing decentralization. The team aims to become the “WordPress of NFTs,” a platform to onboard millions of people who want to create and share new things.

There is a dual-pronged approach to this vision. First, the team wanted to provide a set of tools for NFT creators to allow them what they do best. Bringing a vision to this industry should not require extensive coding knowledge or be costly on the development front. Unifty makes NFTs more appealing and accessible for creators by removing these aspects from the equation, which will fuel broader “competition” in this space.

The second goal the team aimed to achieve is more philosophical. Empowering artists and creators to benefit from the technology they provide is a gamechanger. The creator is in complete control with Unifty, as there is no centralized infrastructure to speak of. As a software-as-a-service principle, the platform lets artists create NFTs in a decentralized manner, the way it should have always been. A no-code approach to create non-fungible tokens ushers in the next generation of NFTs. 

At its core, the platform primarily bridges the gap between NFTs and web content management. As part of the Web 3.0 vision, it is crucial to make tools and services as accessible as possible. Offering a feature-rich environment that is fully decentralized and will receive new features is a significant step forward. While the team acknowledges its UI needs a bit more work, the community feedback regarding this aspect will help them improve the overall user experience in the months to come.

The NIF Token Explained

As a blockchain-based ecosystem, Unifty will issue a native token, dubbed NIF. That token will serve multiple purposes, including discounts on tools, offsetting unbalanced NFT swaps, and using the native blockchain bridges. Moreover, users will be able to stake the native token to unlock other values. No details on what that value is are available at the time, although the Unifty team will reveal more information through their official social channels.

A different use case for NIF is how it is a required second asset on the bonding curve. That bonding curve is part of an upcoming auction tool currently under development by the team. 

How Does Unifty Earn Revenue?

As an all-encompassing platform to support NFT artists and creators, Unifty earns revenue from different sources. The first source is the one-time deployment fees for tools and services in the ecosystem. That includes NFT Farms, a Marketplace, and the NFT Bridge. More deployments are scheduled for the future, and details will be made available accordingly. 

Second, there is the lifetime revenue share for assets sold through the custom NFT marketplace. The team is building other tools to facilitate and enhance the ongoing sale of assets, boosting the overall revenue share to new heights.  Lastly, Unifty can generate revenue from service charges for consulting and education. The growing demand for NFTs creates opportunities for education and consulting, which can become a viable revenue source.

Significant Milestones To Date

Even though most people may not be familiar with Unifty yet, the platform has been around for a while. Since its inception, the team has successfully partnered with major networks, including Polygon, Avalanche, and Elrond. Additionally, the technology powering Unifty has given rise to white-label solutions for Degenr, Block Duelers, and others. Furthermore, there are now over 350 NFT farms – spanning millions of dollars in Total Value Locked – giving users an option to stake tokens for NFT rewards. That latter aspect will help bring more eyeballs to the non-fungible token industry. 

Perhaps more interesting is how the team plans to expand its solution to Solana and Polkadot soon. The infrastructure is in place to facilitate this process, although there is no official integration date yet. As the Unifty solution spans six blockchains already – Ethereum Polygon, Binance Smart Chain, xDai, Avalanche, and Celo – it is one of the more compelling cross-chain infrastructure solutions. Unlocking the potential of cross-chain support will be beneficial to the broader NFT industry.