NFTs are changing the crypto landscape by creating an entirely new asset class for digital creators, artists, gamers, and entrepreneurs. They allow for the creation of unique and limited digital assets that can be bought, sold, and traded.
In this industry, Crypto enthusiasts have been buzzing about the upcoming launch of SmarterWorx, a new blockchain platform that is set to compete with established players like Opensea and LooksRare. Recently, documents have revealed the ambitious plans SmarterWorx has for its platform, including a range of features designed to attract buyers and sellers alike. From innovative NFT marketplace to staking, SmarterWorx will be a formidable competitor in the space and one that could shake up the existing landscape.
Understand ARTX (SmarterWorx)
ARTX is the native asset of the SmarterWorx ecosystem and can be used for governance purposes for the platform’s DAO. The token is deflationary in nature, and the token’s supply is burnt every time an asset is traded from the platform’s portfolio. This mechanism keeps the token’s price stable while also providing a way for the platform to acquire art assets.
The platform will launch its NFT marketplace, where each piece of art, painting, or sculpture they acquire will be converted to NFTs and sold through the marketplace. Once the art is sold, a portion of the proceeds will go to the network’s treasury so that it can be used to buy more art for the platform. This will be a key feature of the platform, as it will enable users to invest in quality art that they may not be able to otherwise.
The ARTX token can be bought through the platform’s presale, and the support for the project is growing by the day. This is because the platform also has a staking mechanism that will allow users to earn passive income from the platform. The roadmap for SmarterWorx has also been published, and it is extremely ambitious.
What is OpenSea?
OpenSea is a decentralized marketplace for trading digital assets and collectibles, such as crypto-collectibles, gaming items, and digital art. It allows users to buy, sell, and trade these digital assets in a secure and transparent environment. It is currently one of the most well-known marketplace that is looking at rising competition from innovative platforms like SmarterWorx.
LooksRare is an Ethereum-based platform that enables users to create, buy, and trade non-fungible tokens (NFTs) on the Ethereum blockchain. LOOKS is the native token of the platform. It is used as a utility token to provide access to exclusive features on the platform, such as staking rewards, reduced transaction fees, and access to exclusive content. It can also be used to purchase NFTs, as well as to vote on proposals.
The rise of NFTs and blockchain technology is revolutionizing the digital asset space, opening up new opportunities for creators and entrepreneurs. SmarterWorx is set to join the fray, with ambitious plans to compete with established players like Opensea and LooksRare. Its plans identified in the recently leaked documents, if put into action, could make it a formidable competitor in the space. With SmarterWorx entering the arena, it will be interesting to see how the NFT landscape evolves in the coming months and years.
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