What is Artrade NFT marketplace & its ATR crypto?

In the top 100 crypto assets on the CoinMarketCap list, the AXS token of blockchain game Axie Infinity had registered one of the gains over the past 24 hours as of writing.

Axie Infinity has in-house non-fungible tokens (NFTs), titled Axie. These creatures can be held by the game’s users as digital assets. Be it Axie, or CryptoPunks and Bored Ape Yacht Club (BAYC) linked NFTs, these digital assets have piqued the interest of many. Perhaps, as a result, NFT marketplaces like Rarible, SuperRare, and OpenSea have also become popular.

A new NFT marketplace, titled Artrade, is claiming to be different from others. Let’s find out.

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What is Artrade NFT marketplace?

The platform is using the Solana blockchain to build a mobile app that can enable trade in NFTs. Since Artrade will also be a mobile application, the project claims users would be able to import their Twitter and Instagram data to the Artrade app.

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The project mentions that the users of the app would be able to make NFT purchases using cryptos as well as fiat currency. Like most other marketplaces, Artrade is betting on both fixed price and auction-based sales.

The Artrade app would also support the creation of new NFTs using a smartphone or computer, the project claims. Artrade is projecting itself as a user-friendly, fast, and low-fee platform in the NFT marketplace sector.

Artrade’s ATR crypto

The Artrade crypto or ATR is a native token, which the project is floating via an ICO to collect funds for further development. Artrade’s whitepaper states that discounts would be offered if users transact on its app in the ATR token.

Also read: What is ApeCoin crypto & its link to the BAYC NFT project?

Besides, the ATR token, the project claims, could be used in staking, earning interest and for voting on Artrade’s governance matters. A BEP-20 crypto, the ATR token is available on PancakeSwap. Artrade has yet to be listed on price tracking websites like CoinMarketCap.

The ATR token’s price prediction is not possible as the project is very new, and it has yet to demonstrate the potential it is promising. Crypto enthusiasts must exercise caution when dealing with new projects.

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Bottom line

NFTs are popular, perhaps thanks to people like Jack Dorsey jumping onto the bandwagon. BAYC and Beeple’s NFTs are major assets, and lately, a crypto, ApeCoin, was launched, which is linked to the BAYC project.

Over the past 24 hours, Axie Infinity’s AXS token has gained sharply, and the game also has NFTs in the form of Axie creatures. Artrade claims to bring NFT trading to a smartphone app, but how this develops in the future has yet to be seen. The native ATR token is very new, and extreme caution must be exercised by enthusiasts.

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