What is Exactly NFTb? - CoinNav.io

What is NFTb?

NFTb emerges as a pioneering hub for non-fungible tokens (NFTs), setting a new standard in the world of digital collectibles. NFTb finds its foundation on the Binance Smart Chain, placing a spotlight on accessibility and efficiency. As a community-driven and open-source marketplace, NFTb transcends geographical boundaries, welcoming individuals from across the globe to engage in trading, crafting, and vending digital art at prices that cater to all.

Moreover, NFTb's ambitions extend beyond its current domain, as it is poised to extend its reach to other prominent blockchains in the imminent future. Every piece of artwork birthed on NFTb carries an undeniable authenticity, meticulously minted on the Binance Smart Chain. Complementing this is the storage of the Non-Fungible Token's associated files on the IPFS, securing the digital essence of each creation.

Your Go-To Source for the Latest News and Tools in the Blockchain Sector - Coinnav.io

 

IPFS – definition, and explanation

IPFS, which stands for the InterPlanetary File System, represents a groundbreaking distributed file storage solution. This cutting-edge system has been meticulously designed as an open-source venture, offering a gateway for individuals to securely house their files within a decentralized hosting infrastructure.

At its core, IPFS guarantees the resilience and endurance of files, eliminating the risks associated with a central point of vulnerability. Beyond the establishment of a secure and decentralized file storage ecosystem, the NFTb team is geared to validate an additional aspect.

 

Artist Authentication on the Platform

Within the realms of NFTb, a dedicated team takes charge of artist verification, ensuring that only the finest digital artwork graces the platform. This rigorous process upholds the standards of excellence in the collection. What's more, every artist gains the privilege of enjoying income splits and royalties from subsequent sales of their digital masterpieces, offering a well-deserved reward for their creative contributions.

 

The history and founders of the NFTb platform

NFTb's inception can be attributed to the innovative mind of Olexiy Feodorov, an enterprising figure hailing from Ukraine. This visionary platform has garnered the backing of some of the crypto world's most influential venture capital entities, a significant number of which are closely tied to the Binance Accelerator Program. Their strategic infusion of capital has played a pivotal role in steering the platform's development toward greatness.

Amidst the crypto landscape, NFTb has secured substantial investments from notable players such as Next Ventures, Rarestone Capital, and Spark Digital. Their collective investment, surpassing the $200,000 mark, has fortified the platform's foundations during its seed round, indicating a firm belief in its potential.

The essence of NFTb extends beyond its technological prowess; it thrives as a community-driven force. With a strong community presence of over 50,000 members, the platform is emblematic of a collective spirit. This vibrant network is cultivated through avenues like Telegram and various other social media groups, which form the heartbeat of NFTb's interactive and dynamic ecosystem.