BNB Chain Fund Made an Investment Into NFTrade's Utility Token - $NFTD

2022.3.16  •  2 min read
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Mar 16, 2022 – We’re thrilled to announce that the BNB Chain Fund has made an investment into NFTrade’s utility and governance token, $NFTD, to bolster its continued growth within the BNB Chain ecosystem.

NFTs and the metaverse have had a splendid year on BNB Chain. However, from a broader perspective, the burgeoning NFT market is experiencing a serious problem of segmentation, which hinders the trade of these digital assets across different networks, severely dampening the amount of usage and liquidity that would have taken place. NFTrade was born to solve this problem.

With mainnet released in May of 2021, NFTrade is the first multi-chain (and soon-to-be cross-chain) NFT marketplace, platform, and indexer, providing a decentralized and non-custodial solution for all NFT interactions across all of its integrated chains. Using NFTrade, anyone can easily create, buy, sell, trade, and earn NFTs seamlessly, creating a one-stop-shop for all NFT-based operations.

As NFTrade continues to become more pervasive throughout the BNB Chain NFT ecosystem, especially in the growing play-to-earn gaming and metaverse sectors, the investment comes at a perfect time. The two sides will collaborate on deal flow to introduce NFTrade to more BNB Chain projects that can benefit from its wide array of user-focused offerings. As part of this strategic investment, BNB Chain will focus on expanding NFTrade’s presence in the growing BNB Chain NFT ecosystem.

“The future of NFT marketplaces will be strongly reliant on a multi-chain structure. NFTrade is one of the rare teams that recognized it very early. Beforehand, NFTrade has already rendered great service to the BNB Chain community, and we believe this investment will, to a greater extent, deepen our collaboration and contribution to the mass adoption of NFTs in the coming MetaFi era.” said Clinton Teh, BNB Chain Growth Fund.

In addition to a simple-to-use marketplace interface, NFTrade also enables many unique value-adding features, such as escrowed peer-to-peer NFT swaps, NFT farming, and multi-chain interactions, all on top of its decentralized infrastructure, which could further unlock more value within the NFT market.

“BNB Chain is one of the most active and used networks for new and upcoming NFT-based projects. We benefit from this ecosystem and hope that this investment will allow us to better integrate into it and continue to optimize our products. We are confident that we can provide NFT players on BNB Chain with even better features that are both practical and innovative.” said Ori Levi, CEO of NFTrade.

About NFTrade

NFTrade is the first cross-chain and blockchain-agnostic NFT platform. NFTrade indexes all available NFTs across all integrated chains, hosting the complete NFT lifecycle and allowing anyone to seamlessly create, buy, sell, p2p swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.

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