STRMNFT Marketplace is the newest NFT trading platform open for individuals to register since May 31, 2022. STRMNFT Marketplace is an original NFT platform that aims to revolutionize video NFTs and the overall utility of NFT tokens. Here’s everything you need to know about the new marketplace.
NFT marketplaces have become quite a popular spot for investors and art enthusiasts. The platforms present the best NFT artworks sold for millions of dollars. However, some NFT marketplaces stand out among others such as OpenSea, Magic Eden, Foundation, and now STRMNFT.
Launched this year, STRMNFT is set to redefine the NFT industry by introducing NFT videos and images. Unlike other NFT marketplaces built on other blockchains, STRMNFT presents its own blockchain network and native token standard.
What is STRMNFT?
STRMNFT marketplace offers users a platform to buy, sell, and trade NFTs. The platform mainly focuses on mainstreaming video NFTs built on Stream Chain, the primary mainnet released by StreamCoin which features a unique consensus called DDPoS (Dual Delegated Proof of Stake); this consensus processes transactions with a small delay but provides a high level of security that other marketplaces might lack.
It also has its own native token standard, NSTA_602 (NFT Standard Token Agreement_602). So, content creators who want to present their work in the form of NFTs have the chance to mint them in the STRMNFT using the NSTA_602 standard token.
STRMNFT marketplace utilizes the latest technology, an environment-friendly server, and a user-friendly interface so that people who aren’t much familiar with NFTs also have the chance to buy and trade their favorite digital collectibles without any complications.
The marketplace stands out from its competitors by carefully understanding what users really want and incorporating those needs onto the platform.
STRMNFT features & utilities
STRMNFT marketplace is committed to providing its users with the best NFT services and improving the experience of non-fungible tokens. It has some of the best features that other NFT marketplaces lack.
STRMNFT offers high speed and interoperability on its platform by operating on its own blockchain that can process 300,000 transactions per second. The standard on which NFTs are minted also comes with various features including tracing ownership history, the facility to mint multiple NFTs at the same time from the same file, and full ownership support to video creators.
Furthermore, the marketplace offers OTT functionalities such as supporting favorite artists, settings for age-restricted content, creating NFT video playlists, and many others.
STRMNFT Team and Partners
STRMNFT marketplace is developed by StreamCoin, a blockchain-based live streaming company. Since its launch, the platform has attracted much attention from investors and NFT brands. One of them is TNC Group which also dropped an exclusive Lady Ape Club NFT collection on the STRMNFT marketplace.
StreamCoin’s CEO Michael Ein Chaybeh explains the vision behind the NFT marketplace by saying, “As per our approach towards developing an ecosystem from user to tech, we designed STRMNFT to be an easy-to-use marketplace and an open space for all kinds of users.”
He also added: “With our platforms and services, we aim to draw the road between the crypto enthusiasts and the modern Web 2.0 users who haven’t experienced blockchain or crypto before.”
How does STRMNFT minting work?
STRMNFT marketplace offers creators the opportunity to create NFTs and mint them on the platform. Creators can easily mint and store their NFTs on the NSTA_602 token.
The platform also offers a unique verification process called ‘Proof of Deed’ (PoD) to ensure every NFT minted is safe and avoids copymints.
Proof of Deed is a unique method in which each image or video file is processed separately from the NFT Certificate. As a result, the marketplace can maintain its speed when trading or accessing NFT files.
STRMNFT Offers & Discounts
The STRMNFT marketplace is a place for creators and buyers to utilize the best offers and discounts that no other marketplace will ever give to its users. Here are some of the featured offers on the NFT platform:
‘Love STRMNFT’ Challenge
‘Love STRMNFT’ Challenge is the biggest project introduced by STRMNFT to empower video creators and bring them to the platform. The challenge has a prize pool worth $10,000.
STRMNFT team launched this challenge with the goal to recognize creativity around the world. The users can get the chance to win $10,00 and GSTRM tokens by making video content showing love to STRMNFT. 31 creators will be selected by the marketplace for the prize:
- 1st place prize is $5,000.
- The top 5 winners will receive $500 each.
- The final 25 winners will be awarded $100 each.
It is a once-in-a-lifetime chance for content creators and influencers to kick start their careers with STRMNFT through the ‘Love STRMNFT’ Challenge. The challenge is open until June 30, 2022, at 11:59 PM GST.
Tweet your videos with the official hashtag #loveSTRMNFT and get the chance to win a prize!
Free NFT Minting event
STRMNFT marketplace is offering users a chance to mint their favorite NFTs without a fee until July 2022. The buyers will save a lot of money by only paying for the original price of NFT.
Register for free-mint NFTs here.
STRMNFT marketplace is relatively a new marketplace launched in May 2022 but has already grabbed a lot of attention. Compared to other marketplaces, STRMNFT offers users the opportunity to find their potential and boost their creativity by giving them a platform.
Through the STRMNFT marketplace, many video content creators will get the chance to stand out from others.