NEW YORK–(BUSINESS WIRE)–Digital collectibles platform Blockparty today announced the launch of an NFT-based decentralized exchange (DEX). The exchange will allow collectors around the world to sell and trade non-fungible tokens (NFTs) through complex exchange creations by aggregating digital assets and currencies.
Existing on both the Ethereum and Polygon blockchains, the DEX is a fully peer-to-peer platform that enables permissionless trading, facilitated by smart contracts on the blockchain. As a result, collectors can trade assets at any time, without censorship from other organizations and with strong security to prevent hackers and platform failures, whether or not they are a Blockparty user.
The DEX is mutually beneficial for collectors and creators, enabling shared experiences while ensuring that the creator and owner of the traded asset can extend the monetary value of their collectible throughout its lifespan. Additionally, those using the DEX will have the opportunity to earn Blockparty’s token, NFT. After a year of leveraging the exchange, collectors who hit on Blockparty will be given tokens.
“Blockparty is committed to building platforms and tools that make all the workings of the NFT industry as transparent and accessible as possible for anyone who wants to join the community,” said Vladislav Ginzburg, CEO of Blockparty. “The DEX is a place where collectors around the world can retain full ownership of their transactions and work directly with other buyers and sellers to fulfill orders and further amplify the value of individual collections.”
Each swap on the DEX is charged a flat rate of .001 ETH/MATIC, the native cryptocurrencies on Ethereum and Polygon respectively. Those who hold 100,000 or more of Blockparty’s governance token, NFT, will be able to use the DEX at no cost.
“Since August 2020, the NFT Protocol team has been working hard to create a unique trading experience that enhances existing architectures while prioritizing decentralization and community,” said Joseph Fiscella, Blockparty CTO and Developer. core of the NFT protocol. “I am beyond proud of the product our team has produced and look forward to seeing the value creators, buyers, and sellers around the world add to the decentralized exchange by joining the NFT protocol community.”
The DEX is now live at app.nft.org. To learn more about how Blockparty connects fans and communities with the artists, creators and brands they love, visit https://www.blockparty.co/.
Blockparty has created a new class of digital collectibles in art, music, and sports to allow users to share and earn value together. Through its non-fungible token (NFT) marketplace, Blockparty will enable fans to fully own, sell and trade digital assets while allowing creators to build more valuable relationships with their fans by offering incentives, rewards and giveaways via digital collectibles. Blockparty is headquartered in New York, NY, and is available to users worldwide. For more information, visit https://www.blockparty.co/.