Saturday, December 10

Avalanche to Host Novel NFT Marketplace Artcrypted: Here’s Why It Is Special

Avalanche (AVAX) ecosystem of decentralized applications (dApps) gains steam: eccentric digital collectibles platform Artcrypted chose it as its technical basis.

Artcrypted introduces 1:1 NFT to Avalanche (AVAX)

As stated by the official announcement shared by Artrcrypted NFT marketplace, it is going to start operations on Avalanche (AVAX) blockchain as soon as June 2022.

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Once released, the Artrcrypted platform will be focused on releasing  “unique” art concepts, that were not unveiled previously in either physical or digital form.

The Artcrypted team decided to collaborate with Avalanche due to its technically advanced and resource-efficient design that pushes the barriers of reliability and scalability:

“We believe in the future of their project; with their subnet technology we’re guaranteed a superior performance and more stability, at a minimum fraction of the energy cost.”

According to the Cryptolifedigital initially, Avalance (AVAX)  promotes its Subnets as a far more optimized scalability solution compared to mainstream Ethereum L2s.

Bringing NFTs to the LATAM region

As such, Artrcrypted will be able to offer its clients and enthusiasts reduced fees so that artists can focus on creating rather than fundraising.

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In its business growth strategy, Artrcypted is going to prioritize Latin American artists. As cryptolifedigital initially covered, this is also in focus for Rootstock-based NFT marketplace Carnival.

Carnival was released on March 8th, 2022, on the Bitcoin-centric platform RSK infrastructure Framework (RIF).

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