What is APENFT? APENFT (NFT) is a Blockchain project that allows multi-chain trading of Metaverse, NFT and GameFi products. In this article, you can find answers to questions that investors wonder, such as what APENFT is, what it offers, what is NFT coin, what it does and how to buy it. cryptocoin.com we have compiled for you. Let’s examine together this marketplace that focuses on Metaverse and NFTs.
What is APENFT?
APENFT is a platform that runs on Blockchains such as Ethereum, Binance Chain, TRON and Heco. The platform allows cross-chain trading of assets thanks to this multi-chain structure. In this context, APENFT; Metaverse allows trading of Blockchain products such as GameFi and NFT. The project basically aims to build a bridge between the world of NFT and the world of fine arts.
However, APENFT also makes it possible to convert high-quality real artifacts to NFT. By doing this, APENFT aims to make the arts space more democratic and decentralized. The team believes that 50% of the top artists will have NFT works registered on the Blockchain within the next 10 years. They are developing APENFT to prepare the necessary environment for this.
What does APENFT offer?
APENFT is basically a trading platform for various Blockchain products. Within this platform, users can purchase traditional or digital artworks as NFT. Currently APE market; Beeple is home to works by names such as FEWOCiOUS, Pablo Picasso and Andy Warhol. However, the ecosystem allows artists to bring their traditional works to market as NFT. It does this with ERC-721 and TRC-721 contracts. APENFT also has a Genesis NFT collection built with these contracts.
The contracts mentioned above are smart contracts that the Ethereum and TRON network has released so that unique assets such as NFT can be created. In other words, users have the opportunity to choose between multiple networks within APENFT. Meanwhile, all NFTs created on the platform use BitTorent File System (BTFS. This allows the information of NFTs to be recorded on the Blockchain in a decentralized way. Additionally, APENFT uses TronWallet to minimize costs such as gas fee paid by users.
What is NFT coin? What does it do?
NFT coin is the native cryptocurrency of the APENFT platform. This cryptocurrency has many use cases within the market and on the general platform. The first of these is governance. Using the NFT coin, users make decisions about the management, distribution and display of APENFT’s collections. In addition, they participate in the management on issues such as which collections will take place in the virtual museum.
However, NFT coin makes it possible to participate in the growth of Blockchain ecosystems such as Ethereum and TRON. In these networks, users enjoy the benefits of decentralized finance (DeFi). Accordingly, NFT coin holders can use the negotiated networks to initiate the respective DeFi airdrop and mining. Meanwhile, the coin also serves on the network as a reward asset for BTC, ETH TRX and other token holders participating in APENFT.
What is APENFT? How to get NFT coins?
Investors interested in the APENFT project and its native token should first access a listing cryptocurrency exchange. These exchanges currently include Poloniex, MEXC, OKX, Bybit, and Bitget. Those who want to buy the token must become a member of one of these exchanges and verify their membership. They can then purchase NFT coin by depositing funds into their wallets.
