Nowadays, NFTs is trending to be digital which makes it eventually easy for creators and artists to support and collect something rare and unique. Some NFTs can be considered as digital artworks that more people are adding to their collections with digital artworks. The concept is similar to the collectors gathering physical paintings for years. These art pieces of NFTs gets sold for extraordinary prices to return the profitability.
You might have come across more down-to-earth version of hyped modern digital NFT- YearnNFT NFT Marketplace. This platform is a Binance Smart Chain operating project where users can buy, sell, reserve and trade digital assets. Due to the variant blockchain technology running behind specific NFTs, not every NFT marketplaces trade all types of NFT like YearnNFT does. Moreover, nowadays, creators often choose an NFT marketplace analysing on whether that ecosystem supports a specific NFC token standard.
Likewise, Binance announced two protocol standards BEP-721 and BEP-1155 resp. On the other hand, YearnNFT NFT platforms assist buyers to have a digital cryptocurrency supporting wallet and fund cryptocurrencies to pay back for the purchases. This platform also provides a wide range of NFTs including art, censorship-resistant collectibles, virtual worlds, etc.
About YearnNFT NFT Marketplace
The creators and artists can release their own items on the BSC blockchain using YearnNFT minting tool. Anyone with basic knowledge can easily use this portal to make a collection and NFTs without any cost or attaining single line of code.
Indeed, YearnNFT is a community-operated NFT marketplace built for its "owners" holding the BSC based YFNFT token. All the rewards and offers are issued in the form of the YFNFT token to active users on the platform willing to buy or sell on this NFT marketplace. After a phase of success, YearnNFT is turning its attention specifically to the NFT space with a rare new collection and marketplace.
The team has its particular focus on art assets where creators can use the minting option to "mint" new NFTs to sell their artwork such as music albums, digital art, or collectibles. The creator also has an opportunity to showcase a sneak peek of their creativity to everyone who explores this ecosystem. YFNFT marketplace purchases and sells NFTs in various categories like art, photography, memes, metaverses, music, domains, etc.
YearnNFT Marketplace and Minting Model
The move to release the NFT minting model was an ambitious one which signals the core intention to expand and explore the project role in the market. The trend of NFTs is spreading like ivy over major marketplaces, though the team members have already disclosed some sparse details as of how trades is being carried out and evaded with the mentioned timeline.
The announcement to burn 50% of the YFNFT tokens is already pursued where quarterly 36666 assets were successfully burnt following the protocols. This move ensures the team will eventually raise the token value and has an ear out to the supporting community in a constant effort for improvising and diversifying this platform.
The team has also planned to expand the marketplace portraying a broader range of collectibles. These are the basic functionalities of the NFT marketplace:
• Users can buy and sell NFTs at any range and collectibles
• Trades will be conducted in BNB/YFNFT
• Fees earned in the platform will be used to buyback and burn YFNFT
• Initial tradeable NFTs is considered from YearnNFT ecosystem and a part of the first-ever collection.
For more information about the new announcement and upcoming updates please check out the social media Platforms
website:
https://yearnnft.finance/indexTwitter :
https://twitter.com/YearnNftTelegram :
https://t.me/YearnNFTMedium :
https://medium.com/yearnnftReddit :
https://www.reddit.com/user/YearnNFT/Facebook :
https://www.facebook.com/yearnnft
