Fantom today announced the launch of Artion, an NFT marketplace built entirely on Fantom. Fantom has described Artion as an open-source, feature-filled, quick, and inexpensive NFT marketplace that has 0% commissions and near-zero transaction costs.
Fantom took to Twitter to announce the news to its followers and users.
Key Features Of Artion
The Artion NFT marketplace comes with a host of key features such as,
Metamask and Coinbase Wallet Integration
Users can easily access Artion through their Metamask and Coinbase Wallets. Artion also supports Fantom-based ERC-20 tokens such as fUSDT, USDC, DAI, and wFTM, with future releases set to support even more tokens than the ones listed above,
Low Fees And 0% Commission
Artion will charge 10 FTM for minting NFTs, with no commissions charged on sales. NFT creators can also set royalties when they mint NFTs so that they can earn revenue in the form of royalties during any subsequent secondary sales.
Artion also features Chainlink price feeds, which are natively integrated so that secure and accurate crypto-to-crypto transactions are supported in the NFT marketplace. The Chainlink price integration allows users to list NFTs in stable value assets such as USD and purchase them in any other currency, using the Chainlink price feeds for real-time exchange rates.
Artion’s integration with the Chainlink price feeds will initially support FTM/USD, wFTM/USD, fUSDT/USD, USDC/USD, and DAI/USD, with more integrations to be added in the future.
Support for ERC-721 Tokens
Artion will support the ERC-721 token standard during the beta release, allowing users to mint NFTs easily without the need for prior knowledge in coding. Artion also enables users to track and display any NFT collection or NFTs that have been deployed on Fantom.
Artion will also feature a built-in swap station that will enable users to wrap/unwrap FTM/wFTM tokens without switching to another platform.
A Streamlined UX
Artion’s UX is easy-to-use and streamlined, with the platform designed explicitly for responsiveness to match the high throughput on Fantom’s network.
Email Alerts And Enhanced Profiles
Artion also allows users to create detailed user profiles, allowing creators to offer rich content to the community at large. Community members can follow a user or creator to keep track of their activity on Artion or express interest in an NFT and receive updates if it is put up for sale. Users can also receive email alerts when a new NFT is listed for sale.
Buy, Sell, Participate In Auctions
The NFT marketplace offers users several options to buy or sell NFTs. Sellers can specify a sale price, known as the set price. If a buyer accepts the specified price, then the NFT is sold. Buyers can also make an offer to sellers who can choose to accept the price offered to decline it.
Sellers can also specify a starting bid, a reserve price, and a start and end time for the auction. These parameters can also be modified once the auction has started.
The First Cross-Chain NFT Marketplace
Future releases of Artion will also feature a built-in version of Anyswap’s Ethereum-Fantom NFT Bridge that will create interoperability with Ethereum. This will make Artion the first cross-chain NFT marketplace, enabling NFT creators and NFT collectors to easily port their collections to Fantom without dealing with commissions or exorbitant transaction fees.
The Need For Artion
With NFT markets growing exponentially, NFT projects on Fantom have also multiplied, with several collections on Fantom such as BitUman, Fantom Waifus, Strangebrew, Fantom Punks selling out quickly. Rarity, a game released by Fantom’s own Andre Cronje, saw Fantom users mint nearly 3 million NFTs within days of its release, with each NFT representing a character in the game.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.