PixelRealm NFTB
About
What Is NFTb (NFTB)?
NFTb is a forward-thinking marketplace for non-fungible tokens (NFTs), built on the Binance Smart Chain (BSC) with speed and affordability in mind. The marketplace is set to launch on other blockchains.
NFTb is an open-source community-owned marketplace that allows users from around the world to not only join the platform, but also create, sell or trade digital art for a fraction of what it would cost elsewhere.
Every piece of art created on NFTb is unique and is minted on BSC with all files related to the NFT stored on InterPlanetary File System (IPFS). IPFS is a distributed file storage system created as an open-source project that allows anyone to store their files on a decentralized file hosting framework. This ensures the longevity and durability of the files as there is no central point of vulnerability.
In addition to a secure and decentralized file storage system, the team at NFTb also verifies all artists on the platform, thus maintaining a high quality of digital artwork. Creators get to receive royalty and income splits for future resales of their digital artwork. The NFTB token is the native currency of the NFTb platform and is used in staking towards the governance of the platform as well as for settling platform fees.
Who Are the Founders of NFTb?
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.
Technical Details
How Is the NFTb Network Secured?
NFTb is secured by BSC's proof of stake consensus protocol. The Binance Smart Chain specifically deploys a proof of stake authority consensus mechanism that requires network validators to stake BNB. Therefore, if they propose a valid block, they receive an incentive in the form of transaction fees. NFTb smart contract also goes through regular security audits by Hacken – a leading cybersecurity company focused on blockchain security.
More Info
What Makes NFTb Unique?
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.
How Many NFTb (NFTB) Coins Are There in Circulation?
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.
When Will NFTb Trading Begin?
NFTb is already available for trading on markets such as PancakeSwap and Gate.io.
Can NFTb Hit $1?
With a total of 1 billion tokens in existence, the current market capitalization of NFtb would have to be $1 billion if the NFTb token is to hit a price of $1 in the future. While this is within the realm of the reason given the growing popularity of NFTs, it is anyone's guess when that price mark will be achieved.
Where Can You Buy NFTb (NFTB)?
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.
AI Analysis
What is the PixelRealm (NFTB) cryptocurrency good for? What are its main use cases?
PixelRealm (NFTB) is a cryptocurrency associated with a platform focused on the creation and trading of non-fungible tokens (NFTs), often centered around digital art, gaming, and virtual assets. While the specifics may vary over time and with ongoing developments, here are some common use cases and benefits typically associated with NFT-related cryptocurrencies like PixelRealm:
Trading NFTs: PixelRealm provides a marketplace for users to buy, sell, and trade NFTs. This allows creators to monetize their digital artwork or other creations and gives collectors the opportunity to build their own collections.
Creating NFTs: The platform enables artists and developers to create their own NFTs without requiring extensive technical knowledge. This democratizes access to the NFT market, allowing a broader range of individuals to participate in digital asset creation.
Gaming: Many NFT platforms integrate gaming elements, allowing users to use their NFTs as in-game assets. This can include unique characters, skins, weapons, or other items that offer gameplay enhancements and can be traded among players.
Community Engagement: By holding PixelRealm tokens, users may gain access to special community features, governance voting, and other benefits that enhance their engagement with the platform.
Royalties: Artists who create NFTs can earn royalties on secondary sales, which means they receive a percentage of the sale price every time their NFT is resold. This creates ongoing revenue potential for creators.
Fractional Ownership: Some platforms allow NFT owners to fractionalize their assets, enabling multiple users to own a portion of high-value NFTs. This lowers the barrier to entry for collectors and investors.
Interoperability: Depending on the platform's design, PixelRealm NFTs may be usable across different games or environments, enhancing their utility and value as assets.
Investment: Users can invest in PixelRealm tokens and NFTs as part of their investment strategy, potentially benefiting from price appreciation over time.
Always ensure to conduct up-to-date research as the landscape of cryptocurrencies and NFTs can change rapidly, influencing the utility and value proposition of specific tokens like PixelRealm (NFTB).
What blockchain does PixelRealm use? Is it its own blockchain or built on top of another?
As of my last update in October 2023, PixelRealm operates on the Ethereum blockchain. This means that it utilizes Ethereum's infrastructure and technology rather than having its own independent blockchain. Ethereum provides the smart contract functionality that underpins the operations within PixelRealm. If you need the most current information, it's always a good idea to check the official PixelRealm website or their latest announcements.
Is PixelRealm programmable? Does it support smart contracts or decentralized applications?
As of my last update in October 2023, PixelRealm is a platform designed for immersive 2D pixel-based metaverse experiences. However, specific details about its programmability, support for smart contracts, or decentralized applications (dApps) might not be widely available.
If PixelRealm does support programmability, it would likely involve a scripting or development interface similar to other blockchain platforms allowing developers to create custom experiences, games, or functionalities within the metaverse space.
For the most accurate and up-to-date information, I recommend checking the official PixelRealm website, their documentation, or community forums. They may also have announcements or resources available regarding development capabilities and any related features.
How fast are PixelRealm transactions? What is the typical confirmation time and throughput (transactions per second)?
As of my last knowledge update in October 2023, the specifics regarding PixelRealm transactions, including confirmation times and throughput, can vary based on the network's design and conditions. However, since PixelRealm may not refer to a widely recognized or standardized blockchain or transaction system, it's important to consult their official documentation or their technical resources for the most accurate and up-to-date information.
In general, blockchain systems often aim for different transaction speeds based on their consensus mechanisms and network load. For example, some networks may achieve confirmation times in seconds, while others may take minutes or longer, depending on various factors, including block size, network congestion, and the specific technology in use (like proof-of-stake, proof-of-work, etc.).
If PixelRealm is a newer or less common platform, visiting their official website or forums may provide insights into their performance metrics, including average confirmation times and their capacity for transactions per second (TPS).
How much data can I store on the PixelRealm blockchain? Does it support on-chain data storage?
As of my last update in October 2023, PixelRealm is not a widely known or established blockchain platform like Ethereum or Bitcoin, and specific details about its capacity for on-chain data storage may not be broadly available. Generally, blockchains have limitations on the amount of data that can be stored due to factors such as block size, transaction size, and overall network design.
In many blockchains, on-chain data storage is limited due to scalability and performance considerations. For instance, Ethereum allows for some data to be stored on-chain, but it can be costly in terms of transaction fees, and there are often limits to how much data can be included in a single transaction.
If you are looking for specific information about the data storage capabilities of PixelRealm, I recommend checking their official documentation or community forums. These resources may provide the most accurate and up-to-date information regarding data storage, limitations, and any specific features related to on-chain data.
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