Telos NFT Marketplaces — Byte.io

Byt.io is a popular NFT marketplace that has generated a lot of buzz in recent weeks. It’s the first multichain marketplace that supports NFTs from four different chains, one of which is Telos, with plans to integrate many more over time. It also features an interface that is simple to navigate and lightning-fast.

Telos recently partnered with Byt to commemorate our Mission NFT contest and feature it as the leading marketplace for digital artists to showcase their creations. We believe it is the ideal platform for NFT consumers and creators who value their time and capital.

The Benefits of Byt

Thanks to several technical advantages over its competitors, Byt is the fastest among all NFT marketplaces. Even collections of up to 10,000 NFTs can be uploaded and viewed in the blink of an eye. This means you’ll spend far less time staring at a loading screen and more time enjoying buying, selling, and trading on the Byt platform.

Adding to the list of positives is the Byt team themselves. While this group of talented individuals are top-tier developers — they’re also NFT enthusiasts, just like the platform’s users. The team is well aware of the pains and tribulations of wanting to purchase NFTs on other marketplaces but not being able to due to system downtimes that occur much too frequently. As a result, the Byt team ensured that their marketplace provided unsurpassed reliability, allowing users to shop till they drop without the nagging platform downtimes.

It Won’t Take a “Byt” Out of Your Wallet.

Of all the things NFT and Crypto enthusiasts dislike the most about DeFi transactions, exorbitant fees sit firmly at the top of the list. And thanks to the NFT boom and low-throughput blockchains, users that have lost thousands of dollars in gas fees resent the idea of a marketplace that takes a larger-than-acceptable fee for itself — especially if that platform is subject to downtimes and lagging speeds.

While all marketplaces charge a fee, you’ll be pleased to know that Byt’s 1% transaction fee is less than half of competing marketplaces such as Opensea (2.5%) and Rarible (5%). In addition, Byt users can reduce their fees further by acquiring a Byt Premium Pass.

Why Telos?

We had the opportunity to ask the Founder of Byt Marketplace, Why Telos? This was his response:

“Byt is extremely excited to be working with Telos, the fastest EVM blockchain, as they push towards the future of NFTs and Web3. With an already very established team, we hope to help push those efforts to a new level and support the NFT community on telos in a way that’s never been seen before.”

Kaleb Phillips, Founder, and CEO

A Marketplace Built for NFT Collectors

As the NFT market expands, Byt addresses the pain points suffered by NFT consumers on other marketplaces and provides them with a fast, reliable, and, best of all, affordable platform. It’s a user-friendly marketplace built by a team with an unwavering resolve to improve the overall NFT ecosystem and enable users to get the NFTs they want when they want them.

About Telos

The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants. Come build with us.

Follow Telos

Website | Twitter | Discord | Telegram | Medium

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Telos Foundation

Telos Foundation

Telos Foundation is an entity charged with promoting Telos, a networked ecosystem for turning purpose into reality. http://www.telosfoundation.io/