NFTb, a non-refundable token platform built on Binance Smart Chain, has launched a new version of its marketplace with a focus on supporting social goals and providing artists with less expensive listing options.
The new marketplace brings together leading artists and charities, so anyone can sell their work at an affordable price and donate a portion of the proceeds to a charity of their choice. NFTb claims more than 120 artists have already joined the waiting list.
NFTb pioneer Sia Muhajir said that many artists are concerned about the environmental impact of their work and that today’s markets do not offer opportunities to mitigate risks. She explained:
“We have found that many artists who are not familiar with NFT are extremely concerned about the environmental impact of their work. We created a platform to help artists ensure that the production of their work is sustainable and can support the social issues that matter to them. ”
NFTb recently announced the completion of a $ 200,000 seed funding round to support its market. Supporters include Spark Digital Capital, Next Ventures, Metaconstant Ventures, and Rarestone Capital.
Charles Reed, founder of Rarestone Capital, said NFTb is in line with the company’s vision to invest in “socially conscious products that accelerate the adoption of blockchain technology with positive social impact.”
NFTb claims to be the first NFT platform on Binance Smart Chain with a workable product.
The NFT market is booming in early 2021 and many traditional industries are embracing the digital revolution. As Cointelegraph Consulting recently reported, this year alone, the OpenSea market for NFT has raised over $ 153 million in NFT transactions for 97,072 transfers.