SparkPoint and NFTrade AMA: The Recap
Let’s get to know more about the NFTrade project!
It’s been a while since we invited a guest to join the #AMA room with the Sparkies! Our first guest this year was Mr. Harrison Seletsky, the Head of Communications of NFTrade. On February 23, he graced the #SparkyCommunity #AMA session and shared A LOT about their project and his firsthand experiences.
Is it your first time hearing about NFTrade? Or do you simply want to know more? Then join this recap with me, and let’s learn together!
Intro and Q&A round
Karan: Hi community! It’s time for another AMA. This time we have Mr. Harrison Seletsky from NFTrade.
NFTrade is one of the first decentralized cross-chain NFT platform, marketplace, and indexer, allowing users to unlock the full value of the NFT ecosystem.
Karan: Before we start with AMA, Mr. Harrison can you please give a small intro about you and brief us about your crypto journey so far?
Harrison: Thanks for having me. Sure thing.
My name is Harrison Seletsky; I’m the Head of Comm for NFTrade. I have been involved in the cryptoverse since late 2016, and have been working full time in this industry since 2017. I have a background in accounting and came into the cryptomarket from the financial side, but I have always enjoyed writing, marketing, and content creation, so I combined those two skills to bring as much crypto-based knowledge to the public as possible. I’ve worked with a variety of projects collectively worth billions, and have written for crypto news outlets such as Cryptimi and BeInCrypto before moving to client-side marketing.
I’ve been obsessed with crypto since I first discovered it, so working at NFTrade was a natural fit. We built NFTrade from the ground up! It started with the idea of introducing p2p swaps for gaming-based NFTs, and has turned into a multi-chain/cross-chain NFT marketplace focused on the entire NFT ecosystem.
Karan: That’s quite early though. I joined crypto in 2017 ending.
It’s a nice intro. . move towards next segment
Karan: I have a couple of questions for you. let’s start with them
Harrison: Sounds good
Karan: I would like to ask you something general to kick things off, so please provide some personal background as well as some references you looked at before moving forward with the NFTrade project. Although the same has been answered quite a bit, but I guess you might have some more to share
Harrison: I covered most of it in the introduction, but at our core, we are looking to provide the technical infrastructure for all NFT needs for all chains and throughout the entire ecosystem. Our goals have continued to evolve based on what we see as lacking in the market
Karan: Great. I’m really excited to interview people from NFT projects so let’s go… You call yourselves a NFT indexer — hosting the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. This looks amazing! Can you elaborate a bit more?
Harrison: Yes. Unlike many of our competitors who focus on one chain or one aspect of the NFT marketplace (high art, gaming, pfp collections, etc) we are a multi-chain (and soon-to-be cross-chain) NFT aggregator focusing on the entirety of the NFT lifecycle. One of our main differentiating features is multi-chain accessibility. Currently, we are live on Ethereum, Polygon, BSC, and Avalanche mainnets, and have received a grant from Solana to integrate their network. We will also be adding relevant NFT chains such as Wax, Flow, and Cardano in the future.
We are the #1 NFT marketplace on Avalanche, #2 on Polygon (only behind OpenSea), and are continuing to expand.
Harrison: Soon, users will also be able to transact NFTs across different native chains, opening up the liquidity of the entire NFT market.
We also have other unique features unaware anywhere else, such as NFT farming, multi-chain NFT aggregation, and p2p swapping. NFT farming is a way for project development teams to reward native tokens, such as the Roseon Finance farm that is currently up and live on our farming application. Users can stake native tokens to earn exclusive NFT rewards. This locks up token liquidity while simultaneously rewarding token holders, presenting a win-win scenario.
I touched on aggregation above, but, we want to be an Open Sea on steroids. They currently aggregate all NFTs on Ethereum, and we want to accomplish this goal for the entire NFT. For now, we aggregate on Ethereum, BSC, Polygon, and Avalanche, but we will continue to expand.
We’ve also created this competitive landscape chart to highlight the differences between NFTrade and other currently available NFT marketplaces.
Karan: Sounds really good.
NFT farming is kind of new to me. How does this work on NFTrade? Am I able to either stake them or earn other NFTs?
Harrison: NFT farming is a one-sided staking mechanism that allows users to stake idle tokens in order to earn exclusive collectible or utility-based NFTs. For now, users can only stake tokens to earn NFTs, but soon, users will be able to stake NFTs to earn token or NFT rewards as well.
Karan: Really excited to see how this works.
Everyone wants to be updated about the latest trends regarding NFTs, including the new launchings of course. I’ve heard you guys will have an NFT launchpad. Tell us a little more about it and how the community will benefit from it?
Harrison: Unlike other projects focused on launching new and potentially risky cryptocurrencies, our launchpad focuses on launching NFTs. This is perfect for new collections, NFT games, or metaverses, allowing them to promote and showcase new NFTs that will be available to our growing multi-chain audience. Our first launchpad events will take place soon with metaverse land sales.
What would you say if you needed to briefly explain why NFTrade is a unique and even better platform than other (eventual competitors, by the way)?
Harrison: NFTrade is the first cross-chain and blockchain-agnostic NFT platform. We are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains.
Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
We are like the Amazon of NFTs, an OpenSea on steroids that brings EVERYTHING NFT-related to one easy-to-use platform.
Karan: Let’s say I want to use a credit card to buy an NFT on your platform. Is that possible? If not, when will it be?
Harrison: Yes! We work with MoonPay to make it much easier for users to spend fiat to acquire crypto and NFTs.
Karan: Wow that kind of excites me.
What about an NFTrade native token? It looks like you have some plans for 2022 regarding it. Is that right? Can you please share some info on the advantages of holding it as well as some basic tokenomics, if possible?
First and foremost, $NFTD will be a governance token. We want to be community-governed, so users who hold our token will have a direct say in our future direction. $NFTD will also provide users a discount on future transaction fees, the ability to stake to earn exclusive NFTs, and grant users early access to upcoming NFT drops with ourselves and our partners!
Harrison: Here’s our Tokenomics breakdown:
Karan: Awesome, that’s it. I’m quite sure we’ve covered all the main topics today. Could you please share all the links to your Social Media channels so that our community can get to know NFTrade a little better?
Harrison: Thank you so much for having me! Sure, here are the links:
Karan: Perfect. Alright, I am done with my questions.
Let’s move towards the live segment and take some questions from community.
Karan: Keep your questions ready everyone! Unmuting chat in few seconds.
Q: I saw that many projects were unstable for a short period of time. At first, they started with hard work and good attention, after a few months later they didn’t pay attention to this project. Then it ended there. How do #NFTrade plan to survive in the market?
H: We are working to provide the necessary NFT infrastructure for buying, selling, and trading in a decentralized and non-custodial way. We are always building and adding to our capabilities, as we have a long-term vision to become the top NFT marketplace.
Q: What is the ultimate vision that #NFTrade is trying to achieve within the cryptocurrencies market?
H: A one-stop-shop for all NFT transactions across all chains with relevant NFT ecosystems.
Karan: Alright everyone. That was it for today’s ama. Thanks, Mr. Harrison, for joining today with us. It was great to have you here.
Harrison: Thanks for having me!
That’s it, #Sparkies! I hope this recap helps you understand the NFTrade project, and we’re looking forward to seeing you again on the next #AMA! 🚀
Our Official Channels:
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Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
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SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/