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X

X is a multi-chain decentralised NFT marketplace that is owned and operated by the X community. Governance is provided by the X DAO with voting rights given to users who have staked their X tokens for the veX governance token. We’re a community that celebrates radical self expression and inclusiveness with no prerequisites placed to participate.

What are X’s principles? X is a home for the weird, the strange and the brilliant. At the core of why we built X and how our approach to the future will be influenced, are the following principles: Self-expression: Celebrate from the unique gifts of the individual. No one other than the individual or a collaborating group can determine its content. It is offered as a gift to others. In this spirit, the giver should respect the rights and liberties of the recipient. Communal Effort: Our community values creative cooperation and collaboration. We strive to produce, promote and protect social networks, public spaces, works of art, and methods of communication that support such interaction. Civic Responsibility: We value civil society and being able to communicate and hold discussions in a civil manner. Community members who organize events should assume responsibility for public welfare and endeavor to communicate civic responsibilities to participants. Participation: Our community is committed to a radical participatory ethic. We believe that transformative change, whether in the individual or in society, can occur only through the medium of deeply personal participation. Everyone is invited to work. Everyone is invited to play. We make the world real through actions that open the heart.

How is X different from other NFT marketplaces? Our goal is to build an NFT marketplace that is fundamentally different from the competition across the following 3 key areas: Decentralisation: X can’t be shut down because all listings and transactions are decentralised. Cross chain compatibility: X has already integrated Ethereum and Fantom with additional chains on the roadmap. A marketplace should provide users the freedom to transact based on their preferred chain, not restrict them. Community Ownership: X is a DAO and will be owned by the community through X tokens, which are earned during the bootstrapping period. Users can stake X for up to 4 years to obtain VeX governance tokens which then allows holders to submit proposals and vote on the direction of X.

What problems does X solve? As the broader NFT ecosystem expands, 4 problems emerge with marketplaces today: Platform Centralisation: This creates reliability concerns and the platform/content becomes censorable as decisions are made by the marketplace and not the users. Centralised marketplaces are fork resistant, limiting further innovation. Participation Ring Fencing: A practice that’s exclusionary to artists and users and risks de-platforming artists who do not meet performance expectations. This is amplified by the choices being made by the platform, not the community. NFT Compatibility: Today’s platforms are limited in cross-chain compatibility making it harder for artists and collectors to participate across different chains. This limitation interferes with innovation and user choice. Ownership: Artists and users aren’t stakeholders in today’s marketplaces where involvement is surface level. Involvement in the direction, growth and future of the marketplace is not available for artists and collectors. The only solution to these problems is a truly decentralized NFT marketplace that is owned by the NFT community. This is why we built X.