NFTb prisNFTB $0.007242

NFTb was founded by Olexiy Fedorov, an entrepreneur from Ukraine. The NFT marketplace however runs as a community governed platform with over 50,000 community members, according to data from Telegram and other social media groups belonging to the platform.

NFTb is backed by some of the most influential venture capital firms in the crypto space with the likes of the Binance Accelerator Program injecting capital into the platform's development. Other investors such as Spark Digital, Rarestone Capital and Next Ventures have invested $200,000 into NFTb's seed round according to reports.

While NFTs are heating up lately, it is still considered at an infant stage and mainstream users are still experimenting on their use cases, similar to an early iteration of social media platforms. NFTb seeks to be a pioneer in the NFT space with an offering of unique, fast and high performance features, alongside the capacity for creators to donate a portion of their earnings to charity with each transaction.

Another feature that makes NFTb stand out from competitors is its two-sided marketplace for digital art creators and collectors, thereby investing in a growing community of creators and collectors.

Going forward, NFTb seeks to expand into an NFT marketplace that enables cross-chain swaps of NFTs through an oracle that enables price discovery instruments for sophisticated NFT trading. With BSC as the focal point of liquidity, NFTb is set to facilitate cross-chain NFT liquidity, not to mention a launchpad for NFT-related projects.

NFTb's entire business model is based on the strength of its community. The platform's native token NFTB will increase in value with a growing community of creators and collectors, reaping rewards from the platform's functionality.

NFTb has a total supply of 1 billion tokens. Out of the 1 billion tokens, 120 million will be locked for one year for the team, then 25% will be unlocked every three months to fund projects. 450 million tokens will be released over seven years in the form of protocol rewards.

The platform's strategic contributors will receive 20.5% of the total supply and the foundation will get another 12.5%. NFTb has also launched an IDO sale where 10% of the total token supply was distributed.

NFTB tokens cannot be bought directly for fiat money, but coins can be obtained by buying BNB on any of the fiat currency exchangers for cryptocurrency, and then transferring it to the exchange where the NFTB token is present. NFTB is currently listed on PancakeSwap (V2), Gate.io and CoinW.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, NFTB or any other token? Check out the details here.

What exactly are NFTs? Find out in our beginner-friendly write up here.

Track the top NFTs collections by sales volume on CoinMarketCap.

Want to learn how to mint an NFT? Check out our guide here.

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