With NFTs being one of the buzzing tech trends in the industry today, a lot of projects are initiating new innovations in a bid to make the industry more accessible, and fun and heighten its use cases while also driving it to reach the mainstream. NFBarter is one of those new projects seeking to provide NFT developers with a new building tool that could earn them an edge over the ongoing bear market.
NFBarter is a multi-chain trade and swap NFT protocol on Ethereum & Solana Chain that is seeking to introduce a bartering aspect to NFT trading.
Speaking on the project launch, Mr. Leo Viturin, the founder of NFBarter said;
“Our team has just launched what the company bills as a web3 marketplace protocol for safely and efficiently buying and selling NFTs. The protocol will allow for a more varied and specific NFT trading experience. For example, users will be able to post offers for NFTs in ETH and SOL, instead of just ETH prices.”
With NFBarter, users can list a potential trade for NFTs instead of listing an NFT for a certain amount of ETH or SOL. This means that a user could use the NFBarter protocol to create a trade offer to exchange a Bored Ape for a bundle including a CryptoPunk, a Cryptoadz, and a bit of Uniswap’s UNI token. This tech feature basically offers users more control while bringing more value and utility to their existing portfolios.
The platform enables a more granular trading system as individual NFTs could be specified in a trade, but also specific traits. As such, users could post an offer to trade their NFTs for a particular NFT using their ID number. Or they could post a request to only trade an Ape NFT for one of the nine Alien CryptoPunks.
NFBarter is basically focused on enabling a more advanced and decentralized non-fungible token trading protocol that will address the liquidity problem in the NFT space.
$NFB: NFBarter’s Utility Token
NFBarter protocol has a utility token dubbed $NFB. The token is used for governance and weighing in on how the NFbarter protocol will operate in the future.
Furthermore, the NFB token also enables discounted listing fees of up to 50% which is only available to $NFB holders, while also offering stakers the opportunity to earn more $NFB.
Interested persons can join the token pre-sale round to acquire $NFB tokens and become early investors of NFBarter. Speaking on the token launch, the team said, “we are on a mission to make the NFB ecosystem as decentralized as possible. As such, there will be no venture capitalist investments. In addition, we have a maximum cap per user for the Pre-sale round to ensure a fair token distribution.”