A New NFT Marketplace has been launched that intends to take on Opensea's domination of the NFT trading space - they are using some interesting tactics and are offering advanced features, plus an airdrop to all Opensea users who sign up and transact! Let's take a look at Infinity.
The range of NFT marketplaces is pretty much dominated by Opensea at the moment, which primarily involves trading of NFT art on the Ethereum blockchain. This isn't necessarily because Opensea is untouchable however, and with billions of dollars of trading volume moving through Opensea and the space in general it is to be expected that numerous other projects will try to compete for market share.
Infinity is looking to move in on Opensea's userbase directly by offering a substantial airdrop to any Opensea users who have transacted before the 4th of October and who then transact on Infinity in the next 29 days from today. The full details of the airdrop are in this blog from the Infinity team.
Infinity are dropping 10% of their governance tokens to Opensea users, to varying degrees depending on the size of the transactions that each user has been involved with on Opensea. This kind of marketing is a totally novel approach that has only become possible due to the transparency of the transactions performed on public blockchains. This effectively means that if Infinity can provide the features that NFT collectors need, over and above what Opensea offers, then Infinity stands a chance of seriously competing.
The Infinity team say that existing Smart Contracts on Ethereum will automatically be supported on Infinity and their roadmap includes a full range of desirable NFT features, such as:
- Rarity tools.
- NFT Fractionalization.
- Creation of derivative NFTs.
- A new type of NFT with built-in utility: the programmable NFT. The first NFTs of this collection will be utilized for additional yield farming and liquidity mining of Infinity's $NFT token.
- A DAO to empower developers and project teams to support Infinity and expand it's features.
While it remains to be seen exactly how well infinity carries out it's objectives, they have received substantial support from NFT heavyweights, so watch this space for future developments!
Wishing you well,
Ura Soul
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I was interested in the airdrop until I heard transact, I will be spending $0 on Fine Art on the Blockchain at the current time.
thanks for the information, I'm happy to read this good news
looks a little bit like a scam.
Twitter comments say a lot.