Cardano unveils its NFT marketplace

Cardano, a popular proof-of-stake (PoS) blockchain platform, has launched its DAO-powered NFT marketplace, Wafini. The protocol announced the development in its Saturday blog post. Cardano aims to make Wafini one of the world’s leading NFT marketplaces.

According to Cardano, the NFT marketplace has started the pre-sale of its whitelist for early adopters. The blockchain protocol added that the marketplace would increase the speed and throughput of the Cardano network. Wafini also announces the unveiling of its first private seed round whitelist of $WFI tokens.

These tokens run as utility-based Wafini NFT Marketplace Tokens ($WFI) on the Cardano blockchain. The NFT marketplace plans to collect over 1 million ADAs in the next three months. Afterwards, it will be listed on various decentralized exchanges.

Cardano hinted that Wafini would take advantage of the many elements wrapped up in the Vasil Hard Fork. This will allow Wafini to flourish beyond other marketplaces owned by Cardano. According to the blockchain firm, Wafini will run as a Web 3.0 community-oriented decentralized NFT marketplace for collectibles. It boasted that users will be able to utilize it in minting, listing, selling and exchanging NFTs.

Wafini announced plans to tap its early adopters of Genesis VIP NFTs. These tokens will give them access to the Wafini DAO. Members of the DAO will be able to participate in any governance decision, including marketplace fees, royalty commissions, and many others.

According to reports, the holders of Wafini Genesis VIP NFT will enjoy additional benefits. These benefits include verifying a collection instantly and earning rewards from Wafini’s self-sustaining treasury. According to Wafini, it intends to continuously replenish the pool with a percentage from the generated transaction fees.

Wafini starts private seed sales by 1 October

Wafini said all interested persons should have a minimum of 500 ADA. With this, they will be able to join the Wafini private seed sales whitelist. The Cardano NFT marketplace revealed its plan to start the private seed sale by October 1 or during a period when at least 1,000 whitelist spots are reserved.

According to Wafini, each participant in the private seed round will be eligible to purchase tokens only through ADA. Moreover, it claimed that these participants must ensure that they are using wallets compatible with Cardano to make the purchase.

The marketplace reiterates its commitment to building a robust and productive community-driven NFT marketplace. Wafini says it aims “to be the best marketplace on Cardano where users can safely trade NFTs, using the low fees of the cardano blockchain.”

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