On September 2, 2021, the Phantom Foundation announced the launch of a new Non-Fungible Token (NFT) Marketplace aimed at competing with the myriad NFT markets today. Market Dubbed Artion is an NFT marketplace built on the Phantom Network and claims to increase “0% commission, with almost zero transaction costs”.
Phantom has released a beta version of NFT Marketplace Ershan
The Phantom Foundation has announced a new NFT marketplace as a result of billions of dollars worth of NFT sales from the veteran NFT market, using Etherium (ETH) networks such as Opensia, Reliable, and Makersplace.
More recently, the Ethereum network is losing ground, like other blockchains such as AVAX, Solana (SOL), Banyan Smart Chain (BSC), Terra (LUNA), Tezos (XTZ), and more, due to overcrowding and additional network fees. A lot. These include decentralized finance (Defi) and non-fungible tokens (NFT) sales as other blockchains are now providing these services.
Phantom is another blockchain network that aims to enter into DF, NFT and smart contracts. The protocol is “a fast, high-throughput open source smart contract platform for digital resources and DAP,” says the website Phantom.Foundation.
The platform has a domestic cryptocurrency called Phantom (FTM) which has gained 151% in 30 days and has increased by 3,070% so far in the year. On Friday, the Phantom Foundation announced the launch of an NFT marketplace that is currently in beta called Arshan. Built on the NFT Market Phantom and it will be paired with a wallet like the Metamask and Coinbase Diff Compatible Wallet.
The Phantom Foundation’s blog post details, “Arsen is featured, open source, fast and cheap: 0% commission, with almost zero transaction costs, and quick finalization.” “Arshan supports Phantom-based ERC20 tokens, starting with FUSDT, USDC, DAI and WFTM. Future releases will add support for more tokens – in addition, manufacturers can set royalties during minting and earn revenue from secondary market sales.” The post explains.
Diffie coder Andre Kronje: ‘It’s not about money … it’s about sending a message’
Creator of Yarn Finance and Keep3rV1, Andre Kronje Arshan is also behind the NFT project. In a recent interview, the leading NFT marketer spoke more broadly about the market than opensia. After the interview, Cronje Tweeted A GIF from the movie “Joker” starring Joaquin Phoenix that says “It’s not about money … it’s about sending a message.”
The NFT Marketplace already has NFT collectibles featured on web portals from NFT, Virtual World NFT and many more, including Art, Sports, Trading Cards, Utilities. Artion also features the Chainlink Price Feed and gives users the ability to mint their own non-fungi token collectible. “Orton’s next release will add a built-in version of Aniswap’s Ethereum-Phantom NFT Bridge for inter-operability with Ethereum,” Arsen announced in more detail.
The Phantom Network already has several collections such as Phantom Punks, Strange Brew and Phantom Wifes. Arshan Project is all open source and technology conscious people can review the code of smart contract, server, Arshan-client and marketplace tracker. The Phantom Foundation concludes, “Our mission is, in short, to understand the creators of high fees and limitations that limit the possibilities of imagination.”
What do you think of the Phantom Foundation and Andre Kronz’s Arshan NFT Marketplace? Let us know what you think about this in the comments section below.
Image credit: Shutterstock, Pixabay, WikiCommons, Phantom Foundation, Arshan, Twitter,
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