Fiborite, a new NFT platform built by EMURGO for the Cardano blockchain is gearing up for the upcoming launch.
EMURGO has recently announced the launch of artist registration for Fiborite–an upcoming NFT marketplace built on Cardano’s blockchain.
The global emerging technologies company is, alongside IOHK and the Cardano Foundation, a founding entity of the Cardano protocol–leveraging large-scale blockchain development and rapid solutions deployment.
Artists and creators can now pre-register for the upcoming launch of Fiborite, announced EMURGO on Twitter.
Developed by EMURGO and powered by Cardano’s blockchain technology, and its native cryptocurrency ADA, the soon-to-launch NFT platform will allow “socially conscious” artists and creators to connect with buyers and sellers in a single marketplace.
The research-driven blockchain that utilizes the Proof of Stake (PoS) consensus mechanism prides itself on providing an “undeniably green, environmentally-friendly technology that comes with industry-leading low energy costs.”
As a key developer of Fiborite, EMURGO will leverage support services for artists, musicians, creators, and brands wanting to enter the NFT space.
Compared to other NFT marketplaces
Fiborite could attract creators and brands looking for quick exposure to new audiences based on several key factors.
These include Cardano’s large global community of over 3 million, and low transaction fees compared to some other NFT marketplaces–here, paid in ADA.
On top of that, Fiborite’s straightforward UX, which is “geared towards non-technical users” will allow novices to easily find their way through the platform’s features–including options to mint, buy, sell, and trade NFTs.
Recently, Cardano founder Charles Hoskinson talked about the platform’s budding DeFi ecosystem, touching on some of the major projects that are currently under construction.
In a YouTube video entitled, “DApps and Cardano DeFi Alliance,” Hoskinson said that the first half of 2022 will be “an essential window for commercialization and utility of Cardano projects.”
Meanwhile, Cardano-powered decentralized exchange (DEX) SundaeSwap announced it has completed a security audit in partnership with Runtime Verification (RV)–ahead of its mainnet debut.