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SFERMION RESEARCH - NFTrade: The Silent Killer of NFT Marketplaces

March 2, 2022
Blog

NFTrade: The Silent Killer of NFT Marketplaces

INVESTMENT THEMES

MAR 2

Disclaimer: Sfermion holds an investment in NFTrade.

Note: Click Here to listen to the Zima Red episode with Ori Levi (Founder @NFTrade), hosted by Andrew Steinwold (Managing Partner @Sfermion).

Overview

An integral part of the NFT ecosystem is the marketplace. Marketplaces allow for seamless exchanging of assets, listings, swaps, and more. The scope of features provided varies across platforms. LooksRare, a newly launched community-first marketplace, rewards users based on trading fees and trade volume and allows for bidding across entire collections. Rarible, a multi-chain marketplace originally on Ethereum, is transitioning into a DAO structure and has zero transaction fees. Nifty Gateway, operated by Gemini, makes it easy to purchase NFTs via fiat on-ramps, and serves as a secure custodial wallet for newcomers in the NFT space.

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