What inspired you to create NFTmall, and what sets it apart from other NFT marketplaces?
Ans: The initial concept and idea of NFTmall have developed some time ago in Mid 2020, as I have been a crypto investor and researcher and was researching existing NFT marketplaces and their limitations. I came to realize that monopolies and international entities were taking advantage of creators/Artists for many years by creating a huge barrier to entry! For example, traditionally, Artists have to physically produce a piece of artwork, get it accepted by a gallery, promote the exhibition and sell it.
Also, in the case of a verification test, the authenticity of an Art is determined by an Art expert panel by carrying out costly tests! This complex process involves a considerable barrier of entry and hinders creativity; as a result, creators often don’t get enough exposure and have to market their work instead of focusing on creation. The traditional approach hinders creators, but it also hinders creativity in general since younger artists may not afford the entry requirement to use the various platforms.
This problem can be overcome using blockchain technology to synergise Defi and NFTs since It simplifies ART creation in NFTs and logs entry of an ART piece/ NFT in the blockchain, which can’t be counterfeited and rewarded relatively. It affords artists or creators alike the chance to create and earn royalties in perpetuity. And thus create a level playing field for talented individuals. Since it’s a very new concept and the market for digital items starts to generate. Existing top-tier digital items / NFT marketplaces do not fully satisfy the needs of their users. They do not solve the issue by having high platform fees to mint or list, Primary and secondary sells, and even royalty fees for creators who are not independent usually chosen by Marketplace! Also, most of them are not decentralised and require application and permission. More importantly, none of them offers or Provides a solution to the Physical redemption/materialisation of NFTs! Thus, they act as a monopoly for users and possess a high barrier of entry and fail to create a fair & level playing field for their users (creators, collectors, and traders). By deeply considering the limitations of existing marketplaces, I was stirring at the market gap and had to pick up the challenge to provide a solution which I called NFTmall.
Medium Read: https://nftmall.medium.com/introducing-nftmall-where-nft-meets-defi-and-ecommerce-507fa8319544
Could you tell us details about NFT Galleries on NFTmall 3D Metaverse?
Ans: Recently we have launched NFTmall 3D Metaverse and currently the access is private to the various tire GEM hodlers.You are going to the future. And you are not looking back. Join the NFTmall 3D Metaverse now and explore the worlds of tomorrow. Interact with fellow GEM Hodlers from all over the world in a real-life avatar.
Teleport and explore multiple NFT galleries, boardrooms, and auditoriums. Hang out or Buy and sell NFTs from the various markets around town. Don’t wait for tomorrow’s world to come to you, Join now!Join the NFTmall 3D Metaverse by hodling GEM!
- Users can access it with custom or they’re real-life like Avatars.
- Users can Roam Around, Explore the Metaverse, and Teleport to other NFTmall 3D Sub Metaverses (Multiple NFTmall 3D NFT Galleries, NFTmall 3D DAO Auditorium, NFTmall 3D Boardroom etc.) and Hang out here.
- Join Voice chat with each other.
- Buy or sell the displayed NFTs from various NFT marketplaces.More info: https://nftmall.medium.com/introducing-nftmall-v4-0-a935f8b5c1b3
As you already know NFTmall’s 3D Metaverse comprises multiple sub-metaverses, including various NFT galleries. These galleries allow users to teleport using custom or lifelike avatars, interact with fellow members, and shop from a range of displayed NFTs. These galleries can be generic or specialized, and currently, I am working on a specialised Thundercore NFT gallery/sub metaverse that will be available next week. This dedicated space will showcase ThunderCore NFT collections and individual ThunderCore NFTs, providing a unique experience for collectors and enthusiasts alike.
Could you walk us through the process of creating and listing an NFT on NFTmall?
How does NFTmall ensure the authenticity of NFTs listed on its platform?
aiRight & NFTmall are the leaders in the field of NFT authenticity and has a proven track record of indexing multiple blockchain chains.
We are thrilled to be the first NFT marketplace to collaborate and developan AI-powered NFT authentication service, and this partnership will
What role do you see NFTs playing in the future of the art and collectibles markets?
NFTs, or non-fungible tokens, are digital assets that use blockchain technology to verify their uniqueness and ownership. They have gained a lot of attention in recent years, particularly in the art world, where they have been used to sell digital artworks for significant amounts of money. The current NFT industry compresses multi-billion dollars and in the near future, I look forward and expect it to be hitting the Trillion dollar mark.
One of the primary benefits of NFTs is that they allow artists and collectors to monetise digital creations that were previously difficult to sell or value. By attaching an NFT to a digital artwork or collectible, creators can verify its authenticity, rarity, and ownership, which can increase its value in the eyes of collectors.
Furthermore, NFTs allow for greater transparency in the art and collectibles markets, as each transaction is recorded on the blockchain, creating a permanent record of ownership and provenance. This transparency can help to reduce fraud and counterfeit items in the market, which is a significant problem in the art world.
However, Along with Bitcoin, NFTs have also been criticised for their environmental impact, as the process of minting an NFT and recording it on the blockchain requires a significant amount of energy, which is not true in my opinion. Additionally, some have raised concerns about the speculative nature of the NFT market and the potential for it to be a bubble that could burst.
Overall, it is still early to predict the future role of NFTs in the art and collectibles markets, as the technology is still developing and the market is constantly evolving. However, it is clear that NFTs have already disrupted the traditional art world and have the potential to offer new opportunities for artists and collectors in the digital age.
How does NFTmall plan to attract new users and build a strong community around its platform?
Ans:
- Marketing campaigns: We look forward to launch targeted marketing campaigns to attract new users to the platform. This could involve advertising on social media, creating content (such as blog posts or videos) to showcase its unique features, and partnering with influencers or other brands to reach a wider audience.
- User incentives: NFTmall already offer multiple incentives to its users including NFT Drops, Hodl & Earn, Buy Back and Burn, access to NFTmall 3D Metaverse etc. https://nftmall.io/gemin the near future, we look forward to adding further utilities and use-cases to encourage new users to sign up and use the platform. For example, Zero platform fees regardless, currently users enjoy Zero platform fees trading NFTs using GEM tokens and reward users for referring their friends to the platform. (Affiliate program)
- Community building: We look forward to strengthening our community by hosting events, creating a stronger social media presence and engaging with users to build relationships. This could help to foster a sense of loyalty and belonging among users, which could lead to increased engagement and usage of the platform.
- Platform features: NFTmall like to furthermore differentiate itself from competitors by offering unique features or functionality that are not available elsewhere. This includes the materialisation of NFTs and being able to project the NFTs into any surface to their materialise form using our upcoming AR App.
- Partnership and collaborations: NFTmall looks forward to working with other reputed projects/companies, artists, or creators to offer exclusive NFTs, collaborations, or events that could help attract new users and build a stronger community.
Overall, NFTmall look forward to using a combination of thesetactics to attract new users and build a strong communityaround its platform.
What advice would you give to developers interested in building decentralized applications on the ThunderCore blockchain?
Understand the basics of blockchain technology: Before you start building on any blockchain platform, it’s important to have a solid understanding of the underlying technology. Make sure you understand the basics of blockchain, including distributed ledgers, consensus mechanisms, and smart contracts.
Familiarize yourself with ThunderCore’s tools and resources: ThunderCore offers a variety of tools and resources to help developers build on its platform. Take the time to explore ThunderCore’s developer documentation, SDKs, and other resources to get a sense of what’s available and how it works.
Join the ThunderCore developer community: ThunderCore has a vibrant developer community, and joining it can be a great way to get support, share ideas, and stay up-to-date on the latest developments. You can join the ThunderCore Discord server, participate in hackathons and other events, and engage with other developers on social media.
Start small and experiment: When building dApps on a new blockchain platform, it’s often best to start small and experiment with simple projects before diving into more complex applications. This can help you get a feel for the platform and its capabilities, as well as identify any potential challenges or issues.
Be mindful of security: Security is always a concern when building on any blockchain platform. Make sure you understand best practices for smart contract development and blockchain security and take steps to ensure that your dApp is secure from potential attacks or vulnerabilities.
Stay informed and adaptable: The blockchain space is constantly evolving, and it’s important to stay informed and adaptable as new technologies and trends emerge. Stay up-to-date on the latest developments in blockchain and decentralized technology, and be willing to pivot or adjust your approach as needed.
Hopefully, by following these tips, you can get started on building decentralized applications on the ThunderCore blockchain with confidence and success.
What new features or updates can users expect to see from NFTmall in the coming months?
Furthermore, NFTmall aims to fully index the Avalanche chain and integrate it into the front-end UI by the end of next week. This will provide greater options and flexibility for users to transact and interact with the platform. In addition, the platform plans to index and integrate Optimism and Arbitrum by the end of this month, further expanding its reach and capabilities.
NFTmall is also actively developing its Metaverse, which will provide exciting new opportunities for users to engage with NFTs and explore new experiences. An updated preview of the Metaverse is set to release in a week or two.
Overall, NFTmall is making significant strides towards becoming a leading platform in the NFT space, continuously improving and providing value to its users.
Finally, where do you see NFTmall and the ThunderCore ecosystem as a whole in the coming years?
NFTmall is a decentralized platform that enables creators and collectors to buy, sell, and trade unique digital assets in the form of non-fungible tokens (NFTs). NFTs have gained significant popularity in recent years, particularly in the art, gaming, and collectibles markets.
The ThunderCore ecosystem is a blockchain-based platform that facilitates fast and secure transactions. It offers various tools and services for developers, such as smart contract development, decentralized applications (dApps), and token creation.
Both NFTmall and ThunderCore are relatively new platforms, with NFTmall launching in 2020 and ThunderCore launching in 2019. However, both of us have shown promising growth and adoption.
In the coming years, we can expect the NFT market to continue to grow, and NFTmall may play a significant role in this growth. As more creators and collectors become interested in NFTs, NFTmall could attract a larger user base and expand its offerings.
Similarly, the ThunderCore ecosystem may continue to grow in popularity as more developers look for fast and secure blockchain solutions. ThunderCore’s focus on developer tools and services could help it gain traction in the dApp and DeFi (decentralized finance) markets.
Overall, both NFTmall and ThunderCore have the potential for growth and success in the coming years. However, as with any emerging technology, there are also risks and challenges to consider, such as competition from other platforms
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About ThunderCore
ThunderCore is among the world’s top 5 blockchains and the only platform growing DApp users organically through ecosystem retention, which will be the key driving force behind the real mass adoption of blockchain. Its proof-of-stake (PoS) architecture, EVM compatibility, entertainment-first ethos, and deep developer support provide a battle-tested home for the next generation of crypto innovators across Web3, DeFi, NFTs, GameFi, and the metaverse.
Thanks to its unique PaLa consensus mechanism, ThunderCore can handle 4,000+ TPS with sub-second confirmation times and ultra-low gas fees kept at a fraction of a cent.