Pi Network introduces Pi NFT, an NFT marketplace.
Pi Network is a mobile app designed for cryptocurrency mining, but it has now unexpectedly launched its first marketplace dedicated to NFTs. The marketplace, called Pi NFT, is based on the Pi Chain Mall (PCM) platform, and registered at Hackthon 2023. It allows users to buy and sell NFTs but also create their own digital collections using their native Pi-based currency, Pi Network.
Pi NFT is designed to provide creators with authenticity, originality, and compensation while offering greater transparency and security with the help of its DAO. The Pi Network plans to reach out to members of its own community across the world and educate them about NFTs, in addition to allowing creators to earn rewards for their digital collections.
Among other features, creators will be able to set a 5% copyright tax, which should encourage them to create higher-quality, unique collections. Pi NFT hopes that with this move, they will attract more creators to their platform and this in turn will lead to an expansion of the range of NFT collections for buyers.
What Pi NFT will offer
Pi NFT will offer greater liquidity and accessibility for users by enabling secondary market sales once the main Pi network is up and running. Through interoperability with secondary NFT marketplaces, buyers will have access to rare and unique NFTs, while at the same time, sellers will be able to make more money for their creations.
With the launch of Pi NFT, the entire Pi Network is expected to be positively impacted as it will offer a greater range of services and features, providing users with many more opportunities to engage with the platform. With their innovative approach to the parent network, low transaction fees and extensive NFT collections, the developers are aiming to revolutionize the NFT world and create new opportunities for artists and buyers alike. In addition, the company's focus on energy efficiency and environmental friendliness makes it a more sustainable option in the NFT market, and with a user base of over 15 million active users worldwide, the future looks bright for Pi NFT and the wider Pi Network.
Source: nftplazas.com
analyst opinion
Marcus Jr.
Pi Network is a mobile app designed for cryptocurrency mining, but it has now unexpectedly launched its first marketplace dedicated to NFTs. The marketplace, called Pi NFT, is based on the Pi Chain Mall (PCM) platform, and registered at Hackthon 2023. It allows users to buy and sell NFTs but also create their own digital collections using their native Pi-based currency, Pi Network.
Pi NFT is designed to provide creators with authenticity, originality, and compensation while offering greater transparency and security with the help of its DAO. The Pi Network plans to reach out to members of its own community across the world and educate them about NFTs, in addition to allowing creators to earn rewards for their digital collections.
Among other features, creators will be able to set a 5% copyright tax, which should encourage them to create higher-quality, unique collections. Pi NFT hopes that with this move, they will attract more creators to their platform and this in turn will lead to an expansion of the range of NFT collections for buyers.
What Pi NFT will offer
Pi NFT will offer greater liquidity and accessibility for users by enabling secondary market sales once the main Pi network is up and running. Through interoperability with secondary NFT marketplaces, buyers will have access to rare and unique NFTs, while at the same time, sellers will be able to make more money for their creations.
With the launch of Pi NFT, the entire Pi Network is expected to be positively impacted as it will offer a greater range of services and features, providing users with many more opportunities to engage with the platform. With their innovative approach to the parent network, low transaction fees and extensive NFT collections, the developers are aiming to revolutionize the NFT world and create new opportunities for artists and buyers alike. In addition, the company's focus on energy efficiency and environmental friendliness makes it a more sustainable option in the NFT market, and with a user base of over 15 million active users worldwide, the future looks bright for Pi NFT and the wider Pi Network.
Source: nftplazas.com
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