Fantom has launched on Friday, it’s NFT market place called Artion built on fantom blockchain and created by Andre Coje.
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Andre Cronje is a prolific coder, best known for creating Yearn Finance and Keep3rV1, as well as his participation in other high-profile DeFi projects including Hegic, Pickle, Cover, PowerPool, Cream V2, Akropolish, Sushiswap and others.
Fantom, the highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications is bringing innovation into NFT market place, as Artion is feature-filled, open-source, fast, and inexpensive: 0% commissions, with the near-zero transaction costs and fast finality that you are used to.
Artion supports Fantom-based ERC20 tokens, beginning with fUSDT, USDC, DAI, and wFTM. Future releases will add support for even more tokens. You can access Artion with MetaMask and Coinbase Wallet.
Artion charges a 10 FTM for minting NFTs and there are no commissions on sales. Additionally, creators can set royalties at the time of minting and earn revenue on secondary market sales.
The usual low-cost transaction fees apply across the platform.
Chainlink Price Feeds are natively integrated to support secure and accurate crypto-to-crypto transactions directly within our marketplace. Users can easily list NFTs in a stable value asset like USD and then purchase on-demand in another cryptocurrency using Chainlink for real-time exchange rates.
Artion initial integration supports the following Chainlink Price Feeds: FTM/USD, wFTM/USD, fUSDT/USD, USDC/USD, and DAI/USD, with more to come in the future.
For the Beta release, Artion will support the ERC721 NFT token standard. On Artion you can mint NFTs easily, with no coding required. All digital assets are stored on the IPFS.
Like other popular NFT marketplaces, Artion can track and display registered NFTs and NFT collections deployed on Fantom. By verifying collections they created elsewhere, creators can receive royalties from sales of their work on Artion.
Artion is built for fast loading and responsiveness to match the unparalleled throughput on the Fantom network. Artion is no-code and allows creators to focus on their works rather than worrying about smart contracts.
Artion users can also create detailed user profiles. This feature lets creators offer rich content to their community.
You can follow a user to stay up to date with their activity on Artion, or like a particular NFT and receive alerts if it is put up for sale.
Email Alerts are currently received when you follow a user’s profile. Whenever they list a new NFT for sale, you will be the first to be notified.
Buying, Selling, and Auctions
Sellers can specify a sale price. If the buyer accepts, the NFT is sold. Conversely, buyers can make an offer, which sellers can choose to accept or decline.
When selling an NFT at auction, sellers specify a starting bid, a reserve price (a minimum price that the seller will accept), and a start- and end-time for the auction. Some of these parameters may be modified once the auction is underway.
Note that once a bid has been placed, it cannot be withdrawn. Bids are first sorted by highest to lowest, and then by earliest to latest.
At the end of a successful auction, the seller signs a transaction to send the NFT to the buyer. The seller receives funds escrowed in the auction smart contract on behalf of the buyer (minus any royalties).