pi networkmobile-based cryptocurrency mining platform has launched Pi NFT, the first NFT marketplace. Leveraging the Pi Chain Mall (PCM) registered for the 2023 Hackathon, Pi NFT allows users to buy, sell and create digital collections using Pi, the native currency of the Pi Network.
Pi NFTs are designed to provide authenticity, originality, and rewards to creators, while increasing transparency and security through decentralized autonomous organizations (DAOs). The Pi Network plans to reach out to community members “Pioneers” around the world to educate them about the concept of NFTs, while allowing creators to earn rewards for their digital collections.
Creators can set a 5% copyright tax on their collections to encourage and reward their efforts to create high-quality, unique digital collections. The feature is expected to attract more creators to the platform and broaden her NFT collection for buyers.
— Pi-NFT Marketplace (@PiNFTMarket) March 3, 2023
Pi NFTs: Accessibility, Compensation, and Originality
Pi NFTs are designed to enable secondary market sales when the Pi open mainnet is live, thereby increasing liquidity and accessibility for buyers and sellers. Interoperability with secondary NFT marketplaces will make it easier for buyers to access rare and unique NFTs, while also offering sellers the opportunity to earn more from their collections.
The launch of Pi NFT is expected to have a positive impact on the overall value of the Pi Network, as it will offer a wider range of services and features, increasing opportunities for users to engage with the platform. The platform’s innovative approach to the network, low transaction fees, and diverse NFTs are set to revolutionize the world of NFTs and create new opportunities for both creators and buyers. Additionally, the market’s focus on energy efficiency and environmental awareness has made it a more sustainable option for the NFT market. With over 15 million enthusiastic users worldwide, the launch of Pi NFT marks an exciting new chapter for the Pi Network.
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NFT and Web3 Ambassador. Bullish on all things blockchain.