NFTY Labs Update — July 9, 2021
An interview with our COO, $NFTY Token, and product updates!
Cointelegraph Interview’s Tytan Inc
This week, Cointelegraph published the full interview of Tytan Inc, the COO of NFTY Labs, that occurred at the Bitcoin Conference in Miami in June. They talked about NFTY Labs ongoing Fund Raise, market conditions for a raise, and the current view of VCs towards NFTs.
“Most VCs are kind of catching on to the fact that a lot of the real value is in how you can use an NFT and not so much about what it looks like.” -Ty Blackard
Utility, and use case, is NFTY Labs’ primary focus, to which Ty gave a few examples of how we aim to implement this. He explained how NFTs can be used as authentication to access large databases, in order to solve privacy and security issues found with traditional password based systems. “You replace that with a hardware wallet with the non-transferable NFT on it. And now that is your method of authentication.”
NFTY Labs Token Roadmap
Seed rounds are currently being completed for the NFTY Labs fund raise, and the next step is to move into private rounds for investors, in preparation for the TGE and IDO stages. NFTY Labs has partnered with Miso and CyberFi for the IDO process, and NFT staking will also take place on these platforms 3 months after TGE, for NFTY LabsNFT owners. The ticker for our upcoming token will be $NFTY.
Website Update and Progress Report
Another stage of upgrades to the NFTY Labs website have been completed in preparation for the next phase of development at the Lab. The entire Landing Page has been overhauled, and the interface and UI are now more linear and user friendly. These changes are in preparation for our upcoming marketplace and launchpad features, which are in early development stages. We plan to follow this with the first of it’s kind mobile app, which will include all the NFTY Lab services, from NFTConnect ownership verification to our NFT Marketplace, and eventually, NFT Launchpad.
Our Developers are also always making progress with our coding, and preparing all the different Apps and Features to test and release to the public ASAP. Details and specifics can be found on GitHub, for those who are interested in keeping up with the backend process and evolution.
NFTY Lab’s Newsletter: The NFT Journal
This week also marks the release of our weekly, emailed newsletter, The NFT Journal. As of now, this publication is available for anyone to view, but future iterations will implement the NFT gateway feature of NFTYConnect. Some projects and creators want to disclose private information and content to investors, VIP members or subscribers. NFTYConnect will provide a way to access these newsletters, private sites, or even YouTube and Soundcloud, through verification of NFT ownership.
The NFT Journal aims to provide a wider coverage of the NFT market as a whole, highlighting different sectors such as Digital Real Estate, Collectibles, Sports, Art, and/or Gaming. Statistics of top earners and highest weekly sales may be included, as well as successes and failures of recent NFT drops.
NFTs remain extremely popular, and new projects and NFT drops are still occurring at a remarkable rate. While it may be impossible to cover every significant incident in the world of NFTs, the NFT Journal aims to be another staple for investors and collectors to assist in comprehending the state of NFT affairs and ongoing events. NFTY Labs is supportive of the entire NFT ecosystem, and, as such, we aim to contribute and cooperate with the success of all NFT technologies, and to participate in the greater vision of Cryptocurrencies, and the Blockchain, to change the World for the better.
About NFTY Labs
NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.