2 years ago
PRESS RELEASE. New London-based NFT marketplace platform, myNFT, has announced its upcoming motorboat with the quality that it has received Series A backing from immoderate of the astir salient investors successful the blockchain industry.
myNFT believes that the existent NFT manufacture is filled with barriers, blocking this revolutionary exertion from being accessible to everyone. Their halfway ngo is to alteration this successful ways that nary different level has done earlier – lowering costs, and supporting multi-chain outgo methods, including fiat and galore much features.
The level is built connected the Moonbeam parachain which is simply a portion of the Polkadot Network. Polkadot was founded by Ethereum co-founder Gavin Wood and is known arsenic ‘the net of blockchains’ arsenic it connects blockchains together, allowing worth and information to beryllium sent crossed antecedently incompatible networks. Thanks to the natively interoperable and multi-chain architecture of Polkadot, myNFT customers volition yet beryllium capable to create, commercialized and migrate NFTs betwixt immoderate blockchain successful immoderate currency and astatine a debased cost.
A gamechanger for the NFT industry, myNFT are launching with a viable fiat onramp, wherever users tin bargain and merchantability NFTs with Pounds (£), Dollars ($) and different non-cryptocurrencies. This is successful enactment with myNFT’s wide ngo of making this revolutionary exertion accessible to all.
Currently 1 of the main bottlenecks stopping mainstream adoption of NFT exertion is the precocious state fees associated with the Ethereum network. Ethereum state costs person skyrocketed, excluding galore caller imaginable buyers from the market. myNFT’s tech stack is impervious of involvement based – overmuch much scalable and conscionable arsenic unafraid arsenic Ethereum. Thus buyers and sellers volition person overmuch little state costs and faster transaction speeds which means greater worth and liquidity for the NFTs created.
People tin auction their NFTs connected the myNFT level utilizing their new, patent-pending bid-to-earn GBM auction system. In a GBM auction, determination are lone 2 outcomes, the bidder either makes wealth erstwhile they are outbid oregon they triumph the point successful the auction! This is an wholly caller mode for radical to observe the worth of their NFTs and makes auctions a batch much amusive for everyone involved.
When creating the myNFT platform, the acquisition of its co-founders played a large role. Three assemblage friends, Hugo McDonaugh, Edouard Bessire, and Guillaume Gonnaud, person been moving successful the NFT abstraction since the precise aboriginal days of the industry. Previously, they successfully launched the Cryptograph platform successful 2020, which enabled Hollywood celebrities and artists to make their ain NFTs and springiness a information of the proceeds to a foundation of their choice. During this clip the co-founders encountered galore issues affecting the manufacture specified arsenic terrible state terms inflation, clunky idiosyncratic experiences, mediocre cryptocurrency exchanges, and more. The squad has sought to usage these experiences successful bid to make a amended level successful the signifier of myNFT.
The palmy completion of their Series A backing round, with implicit $7M raised, paves the mode for creating a much accessible NFT industry. In this regard, Hugo McDonaugh, co-founder and CEO of myNFT, states:
Securing Series A backing is specified a captious measurement for a fast-developing start-up similar ours, and we’re delighted to person the enactment from immoderate of the smartest radical successful web3, and beyond. It gives america the state to absorption connected increasing myNFT and delivering transformative features to the NFT manufacture to present connected our halfway ngo to marque NFTs accessible to all. Thanks to blockchain exertion and NFTs, we are witnessing the beginnings of a caller internet: an net based connected value, ownership, and freedom. With this ballot of confidence, myNFT volition guarantee nary 1 gets abandoned from accessing this genuinely revolutionary technology.
The Series A was led by Scytale Ventures, a starring capitalist successful the blockchain industry. Other investors see SevenX Ventures, Future Perfect Ventures, Signum Growth Investments, Bruno Skvorc (Founder of RMRK), George McDonaugh (Co-founder of KR1) and a assortment of different household offices and angel investors. The squad has besides received a assistance from the Moonbeam Foundation for their enactment connected important NFT infrastructure for Web3.
myNFT is owed to motorboat their archetypal mentation successful June 2022.
The adjacent signifier successful their roadmap aft motorboat is to merchandise their adjacent procreation NFT minting infrastructure alongside immoderate breathtaking caller developments that the NFT manufacture has yet to see.
You tin already registry at www.mynft.com to beryllium 1 of the archetypal to usage the myNFT marketplace erstwhile it launches and besides participate the motorboat contention for a accidental to triumph immoderate fantastic NFT prizes.
To find retired much astir myNFT oregon to talk to CEO, Hugo McDonaugh oregon Head of Growth, Sina Sadrzadeh, delight interaction either Lydia Drukarz (+447977 454180) oregon Will Jones (+447505 827569) astatine Wavelength PR oregon email: [email protected] oregon [email protected]
This is simply a property release. Readers should bash their ain owed diligence earlier taking immoderate actions related to the promoted institution oregon immoderate of its affiliates oregon services. Bitcoin.com is not responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful the property release.
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