Why OpenMeta Stands out and is making a difference in the NFT market

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Why OpenMeta Stands out and is making a difference in the NFT market
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The NFT ecosystem has experienced phenomenal growth. According to the NFT statistics website NFTGO, the total market value of NFTs has grown to $16 billion, with the daily transaction volume currently low at $100 million. This growth is primarily due to the influx of external funds, brands, and the continuous expansion of NFT application scenarios which are bound to further increase the ecosystem’s growth.

OpenSea is currently the largest NFT marketplace, being responsible for nearly 90% of the total transaction volume. Its daily transaction volume is nearly US$100 million in the past three months. While other marketplaces like SOS, LooksRare, and X2Y2 have employed many strategies to stimulate growth that will help them compete with OpenSea, this has not been very effective.

OpenMeta adopts a different method

OpenMeta is a project incubated by MDEX Foundation. Unlike the other marketplaces, it uses market sentiment to gain high attention in a short time. The BSC-based marketplace provides NFT trading services to its users at very low trading fees. It also has a “0 Gas Mint” function for creators, further reducing the cost of NFT transactions.

Creators’ work is displayed only as picture or audio files prior to minting. Only when a transaction is reached can the file be minted as an NFT. This also helps to reduce the cost of mining NFTs on OpenMeta.

Users of this marketplace are able to make informed decisions on investment in NFTs. with the help of OpenMeta’s data visualization, users can make scientific investment decisions. Information such as total supply, numbers for sale help users to judge the selling pressure on an NFT as well as the community cohesion, while information like floor price and turnover help users determine the market popularity of an NFT. More useful tools such as NFT price curve and NFT attribute display will be added in 2022.

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NFT Primary

OpenMeta helps users screen NFT through its NFT Primary platform. This is the initial sale platform where high-quality NFTs and mystery boxes are made available and users can be early buyers of such NFTs to maximize future value appreciation. This gives users protection from unreliable projects. Apart from that, OpenMeta users enjoy higher returns through its NFT staking function which turns NFTs into interest-yielding assets.

So far, NFT Primary has launched 5 NFT mystery box sales for 3 projects, including Meta-Elephant NFT, TAP FANTASY METAVERSE, and Wonderful Day, all of which sold out in minutes with sales volume all exceeding 20,000 USDT.

MDEX has issued NFT mystery boxes on OpenMeta that have become hard to come by, just like other mystery boxes issued on the marketplace. Through the NFT Primary screening, OpenMeta brings targeted, loyal, and experienced cryptocurrency users for NFT projects, and NFT projects bring high-quality projects to OpenMeta, with the active participation of the OpenMeta team.