Egypt’s Remooz launches Smart NFT Marketplace
Egyptian blockchain provider and NFT market Remooz on Saturday (July 16) launched a soft launch of a non-fungible token (NFT) marketplace called Minimum Viable Product (MVP), which will offer a free, user-friendly, socially engaging platform in which they digital assets can be traded, it is said in a press release.
The release said that MVP will allow trading in digital assets e-commerce style, and create benefit NFTs that Remooz said will be the new frontier for the digital assets.
Remooz said different from some platforms, as it is based on Hyperledger Fabric, an open source, environmentally conscious business blockchain that is private and offers fast transactions.
Remooz hopes MVP will build communities of creators, including graphic designers, writers, artists or audio and video content producers, who will be able to take part in the NFT sphere without the need for technical knowledge.
“Whether to serve business-to-consumer (B2C) or business-to-business (B2B) segments, Remooz is redefining blockchain infrastructure and making NFTs accessible to all,” said Marwan Salem, co-founder and CEO of Remooz.
NFT markets have emerged as the form becomes popular, and PYMNTS wrote that GameStop debuted with an NFT market in early July. The market will help players, creators and collectors to buy, sell and trade NFTs.
See also: GameStop debuts NFT Marketplace
The report said that GameStop will allow users to connect their digital assets to the market, including the GameStop wallet.
The company also allows users to own their own assets, as it will be a non-custodial Ethereum Layer-2 marketplace, and the assets will be secured on the blockchain.
The functionality will also be expanded to add more categories such as Web3, games and other creators’ work.
GameStop has also announced various personnel changes, including the firing of CFO Mike Recupero and other corporate cuts.
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