XOXNO: Largest NFT Marketplace on MultiversX Network Onboards Fiat Payments
XOXNO, the largest NFT marketplace operating on the MultiversX (formerly Elrond) Network has announced the introduction of fiat payment, providing on-ramps for creators of digital collectibles. The announcement comes in light of the marketplace’s achievement of $1 million in trading volume, providing additional liquidity opportunities.
One-Stop-Shop for NFTs
Launched in early 2022, the XOXNO all-in-one marketplace offers unique features that benefit NFT users and creators, such as 1% trading fees and 0% listing fees. XOXNO is the largest NFT marketplace and aggregator on the MultiversX Network, offering users a staggering array of digital assets. The platform is designed to be a one-stop shop for all digital collectors and a go-to solution for creators. The many tools built into the convenient interface provide both users and creators with a smooth and pleasant user experience along with functionality.
The launch comes in light of the ongoing NFT sale, which has seen its market capitalization reach $11.3 billion by the end of Q3 2022. Along with the newly introduced fiat on-ramp, all major tokens circulating on Elrond are also supported as a payment method and as rewards within the XOXNO platform. NFT’s sales fee cap of 1% adds another layer of attractiveness to XOXNO for collectors who want to acquire attractive and unique collectibles.
Advanced features
The advanced user features offered on XOXNO include NFT staking pools that allow all platform participants to earn rewards such as $EGLD and other digital currencies. The advanced graphs and aggregated analysis provide invaluable insight into market and price dynamics, allowing users to identify profitable entry and exit points, as well as opportune moments for profitable asset purchases and sales. The floating sales offers on XOXNO operate on the basis of the Peer-to-Peer model, with NFT exchanges, bulk purchases, Bundle SFT packages and private offers providing a variety of options for any category of investors with different entry strategies.
Fiat Payments Come to XOXNO
XOXNO fiat payment integration assumes acceptance of EUR and RON payments within the framework of the NFT marketplace. The new integration is intended to increase the appeal of the platform and its digital asset assortment before new mainstream NFT users and new target groups are willing to enter the market with fiat capital. The new payment gateway allows clients to use any VISA or MasterCard for payments. The integration was made possible thanks to a partnership with Twispay – an electronic money institution licensed by the National Bank of Romania.
A place for creators
As a marketplace for all market participants, XOXNO is positioned as a self-onboarding launchpad for creators, focusing on allowing them to make a market entry with as little effort and as few onboarding steps as possible. The platform also allows users to mint new NFT assets with EGLD, RON and EUR while ensuring automatic royalty payments for creators.
The integration of fiat payments is an important step in the development of the XOXNO platform, which allows the marketplace and users to bridge the gap between the traditional economy and decentralized spaces. Given the growing interest of major brands and enterprises in NFT applications on Web3, the ability to provide a smoother buying experience through the traditional fiat XOXNO platform provides a head start in terms of rapid adoption.
