On September 24, 2021, the Fantom Foundation announced the launch of a new non-fungible token (NFT) marketplace that aims to compete with the myriad of NFT markets out there today. The market dubbed Artion is an NFT marketplace built on the Fantom network and claims to bolster “0% commissions, with the near-zero transaction costs.”

Fantom Reveals Beta Version of the NFT Marketplace Artion

A new NFT marketplace has been announced by the Fantom Foundation following the billions of dollars worth of NFT sales stemming from veteran NFT markets that leverage the Ethereum (ETH) network like Opensea, Rarible, and Makersplace.

In more recent times, the Ethereum network, due to excessive network fees and transaction congestion, has been losing ground to other blockchains like Avalanche (AVAX), Solana (SOL), Binance Smart Chain (BSC), Terra (LUNA), Tezos (XTZ), and more. As other blockchains offer these services, this includes decentralized finance (defi), and non-fungible token sales (NFT).

Fantom is another network that aims to get into the smart contract, NFT and defi space. The website fantom.foundation says the protocol is a “fast, high-throughput open-source smart contract platform for digital assets and dapps.”

The platform has a native cryptocurrency called fantom (FTM) which has gained 151% in 30 days and increased by 3,070% year to date. On Friday, the Fantom Foundation announced the launch of an NFT marketplace that’s currently in beta called Artion. Fantom is the platform that built the NFT market. It will be compatible with Metamask wallets and Coinbase defi compatible wallets.

Artion offers a wide range of features, is open-source and affordable. There are near-zero transaction fees and fast finality. “Artion supports Fantom-based ERC20 tokens, beginning with FUSDT, USDC, DAI, and WFTM. The blog post explains that future releases will support more tokens. Creators can also set royalties at the time they mint the tokens and make revenue from secondary market sales.

Defi Coder Andre Cronje: ‘It’s Not About the Money… It’s About Sending a Message’

The creator of Yearn Finance and Keep3rV1, Andre Cronje is also behind the Artion NFT project. The prolific coder talked about the market in comparison to the leading NFT market Opensea in a recent interview. Following the interview, Cronje tweeted a GIF from the “Joker” movie starring Joaquin Phoenix which says “It’s not about the money… It’s about sending a message.”

The NFT marketplace already has a number of NFT collectibles featured on the web portal from art, sports, trading cards, NFTs with utility, virtual world NFTs, and more. Artion offers Chainlink price feeds and allows users to create their own non-fungible token collections. “The next release of Artion will add a built-in version of Anyswap’s Ethereum-Fantom NFT bridge for interoperability with Ethereum,” the Artion announcement further details.

The Fantom network already has a number of collections like Fantom Punks, Strange Brew, and Fantom Waifus. The Artion project is all open source and tech savvy individuals can review the code for the smart contracts, the server, the Artion-client, and the marketplace tracker. The Fantom Foundation states that “our mission is to remove burdens from creators of high-fees or constraints that limit imagination.”

What do you think about the Fantom Foundation and Andre Cronje’s Artion NFT marketplace built on Fantom?

Image Credits: Shutterstock, Pixabay, Wiki Commons, Fantom Foundation, Artion, Twitter,

Disclaimer: This article is for informational purposes only.

30 Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More