AdaSwap Launches NFT Marketplace on Cardano
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ADANFT Goes Live on Cardano
AdaSwap's latest marketplace for non-fungible tokens, ADANFT, is now live on Cardano (ADA) blockchain. The platform will use a revolutionary voting system to curate NFT art, allowing holders to participate in vetting collections before they are listed on the marketplace.
Additionally, users are presented with NFTs with three tiers based on their ASW token holdings Silver, Gold, and Platinum. For instance, the most exclusive and valuable NFTs will only be available to higher-tiers users while the tiers will reward loyal fans of AdaSwap with exclusive airdrops and staking returns.
Eventually, the tier system will evolve implementing user activity, vote participation, and other metrics to provide a strong incentive for the community.
Commenting on the development, AdaSwap CEO Lennon Qualmann said:
“In the pursuit of gamifying the AdaSwap DEX, we looked towards the new frontier of blockchain technology and changing trends (and) the NFT realm fit perfectly. We are aiming to change the way NFTs interact with traditional finance protocols as well as the way NFTs are traded by bringing forward new and exciting ideas.”
Wonder Woman Backs AdaSwap
Earlier this month, Adaswap raised $2.6 million in a private investment led by crypto-focused VCs, including Shima Capital, iAngels, Pluto Digital, including model, and Hollywood actress Gal Gadot is known for her iconic role in Wonder Woman.
The Cardano-based ecosystem builder plans to use the proceeds of the funding round in accelerating the development of its gamified DEX on the Cardano network.