DeFi Shopping App Curate to Integrate AVAX Payments and Mint NFTs On Avalanche
Emerging eCommerce platform bringing near-instant, low fee crypto transactions to users.
Curate, an all-in-one marketplace, is integrating with Avalanche, to enable AVAX as a payment option, as well as mint NFTs on the Avalanche blockchain.
Upon completion of the integration, which is expected to be completed by the end of July, users can buy and sell physical and digital goods across gaming, electronics, NFTs, clothing, fashion, and more sectors using AVAX. The platform will be accessible from the Curate app, which allows payments with fiat via credit cards or PayPal, and also with cryptocurrencies.
AVAX is the native token of Avalanche. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
Curate Going After the Biggest Challenges in eCommerce
eCommerce has been steadily growing over the last few decades. Merchants have been enjoying increased exposure to customers thanks to online platforms that offer a one-stop shopping experience.
However, the bigger the platform, the bigger the fees merchants have to pay. Curate wants to solve that via its marketplace that charges a flat 4% fee, 1% of which is distributed back to buyers and sellers as crypto-cashback.
“The integration with the Avalanche will enable us to expand our services to a broader user base, while offering additional utility to token holders in the form of exciting DeFi opportunities on the Maiar Exchange.” said James Hakim, Curate Founder and CEO.
By expanding to Avalanche, Curate will provide users with a near-instant, low fee payment option, while also enabling NFTs to be minted on the Avalanche blockchain. Furthermore, Avalanche will be interoperable with Curate’s own blockchain, enabling assets to flow between the two networks.
Curate is the world’s 1st gasless NFT Marketplace app which provides a fairer and more transparent open marketplace by offering an industry low 4% seller commission. Built on top of Curate’s own agnostic blockchain ‘X-Chain’ making it interoperable with other chains, Curate provides buyers with zero gas fees when they use $XCUR. All buyers and sellers are also rewarded in $XCUR on all transactions.
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.