10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

“Minted” Being Developed On Tezos Combines An NFT Platform With Social Media

Minted is a new NFT platform that is being developed on Tezos. Minted aims to distinguish itself from the existing NFT platforms by simplifying the minting process, adding leaderboards and rarity tags, and offering shares in fine art and physical assets.

Minted

Minted is a new NFT platform that is being developed on Tezos. Minted aims to distinguish itself from the existing NFT platforms by simplifying the minting process, adding leaderboards and rarity tags and offering shares in fine art and physical assets. The user interface will be inspired by social media:

Existing NFT platforms are complex and unintuitive. With Minted, we’ve combined the familiarity of social supercharged media with the limitless potential of NFTs.

So next to creating, selling, collecting and showcasing NFTs, minted will also be a platform where people can interact and post normal text and images.

Our vision is to combine the power of NFTs with the world of social media. You’ll have your own profile to show off the NFTs you’ve created or collected, and a platform to engage with a network of like-minded people

The currency on the platform will be XTZ, but in a later stage, Minted intends to add support for Tezos-based stable coins.

Minting, Auctions and Leaderboards

Minted also enables you to create auctions, where you can take your NFT into price discovery. Built on Tezos, placing a bid will cost users low fees.

This diminishes the risk for bidders to be outbid and lose a serious amount of money on a missed bid through high bidding costs.

Minted also includes a leaderboard feature into the platform. This way high participation rate can work out positive for users since this can result in high position in the leaderboard which will increase the chance of people discovering your work and collection.

Leaderboards will rank:

– Most NFTs sold (by total XTZ revenue)

– Most NFTs collected (by total XTZ spent)

– Rarity ranking leaderboard for creators/collectors (Each rarity tag will have a score which helps us compute the aggregate ranking.)

Rarity tags

Minted also introduces rarity tags. There will be five rates, from Uncommon to Ultra. With this feature, users can see at a glance the artwork that has a lot of editions floating around, or if you are looking at a piece that is rare, or even unique. This makes it obviously easier to value NFTs.

Shares in Fine Art and Physical Assets

By tokenizing physical assets, you take an asset such as a painting and legally transfer the ownership of that asset to the blockchain.

On the blockchain you create tokens that represent that legal ownership. That way you can tokenize an asset and allow people to buy a piece of that asset.

For example: a $100 painting will be tokenized on Tezos and 100 tokens are sold for $1 per token.

The most well-known example of tokenization on Tezos is the tokenization of real-estate. See for example Equisafe and Elevated Returns.

We’re aiming to bring real-world assets into the digital sphere by allowing you to own a large or small percentage through tokenization, which you can show off to your friends on your profile. Imagine owning a share of a Picasso piece!

We’re looking to offer this feature in a future version of the app, so keep your eyes peeled to make your mark on the previously inaccessible fine art scene.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More
29 September 2023

Van Gogh Digital Collectibles Mark a New Partnership Between The Tezos Foundation and Musée d’Orsay

This partnership signals an innovative foray into the realm of digital art collectibles, anchored by a forthcoming exhibition on Vincent van Gogh. Scheduled to commence on October 3, 2023, the highly anticipated exhibition is titled “Van Gogh in Auvers-sur-Oise: The Final Months”.

Read More
28 September 2023

Fireblocks Extends Full Support for Tezos, Increasing Institutional Access to DeFi and Web3 Ecosystem

Fireblocks has announced the launch of its comprehensive support for Tezos. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.

Read More
22 September 2023

CEERTIF: Real-time File Certification via Tezos Blockchain for Construction and Insurance Professionals

CEERTIF, a mobile application for installers, agents, and insurers in France, has introduced a groundbreaking platform that leverages the TEZOS blockchain to secure and geolocate media in real time.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.