New NFT Marketplace, myNFT, Seals $7m in Funding to Make NFTs Accessible to All – Press release Bitcoin News

PRESS RELEASE. New London-based NFT market platform, myNFT, has introduced its upcoming launch with the information that it has acquired Sequence A funding from a number of the most outstanding traders within the blockchain business.

myNFT believes that the present NFT business is full of boundaries, blocking this revolutionary expertise from being accessible to everybody. Their core mission is to alter this in ways in which no different platform has executed earlier than – decreasing prices, and supporting multi-chain fee strategies, together with fiat and lots of extra options.

The platform is constructed on the Moonbeam parachain which is part of the Polkadot Community. Polkadot was based by Ethereum co-founder Gavin Wooden and is named ‘the web of blockchains’ because it connects blockchains collectively, permitting worth and knowledge to be despatched throughout beforehand incompatible networks. Due to the natively interoperable and multi-chain structure of Polkadot, myNFT clients will finally have the ability to create, commerce and migrate NFTs between any blockchain in any forex and at a low price.

A gamechanger for the NFT business, myNFT are launching with a viable fiat onramp, the place customers should purchase and promote NFTs with Kilos (£), {Dollars} ($) and different non-cryptocurrencies. That is according to myNFT’s total mission of constructing this revolutionary expertise accessible to all.

Presently one of many primary bottlenecks stopping mainstream adoption of NFT expertise is the excessive fuel charges related to the Ethereum community. Ethereum fuel prices have skyrocketed, excluding many new potential patrons from the market. myNFT’s tech stack is proof of stake primarily based – rather more scalable and simply as safe as Ethereum. Thus patrons and sellers could have a lot decrease fuel prices and sooner transaction speeds which implies larger worth and liquidity for the NFTs created.

Folks can public sale their NFTs on the myNFT platform utilizing their new, patent-pending bid-to-earn GBM auction system. In a GBM public sale, there are solely two outcomes, the bidder both makes cash when they’re outbid or they win the merchandise within the public sale! That is a completely novel manner for folks to find the worth of their NFTs and makes auctions much more enjoyable for everybody concerned.

When creating the myNFT platform, the expertise of its co-founders performed an enormous function. Three college buddies, Hugo McDonaugh, Edouard Bessire, and Guillaume Gonnaud, have been working within the NFT house for the reason that very early days of the business. Beforehand, they efficiently launched the Cryptograph platform in 2020, which enabled Hollywood celebrities and artists to create their very own NFTs and provides a portion of the proceeds to a charity of their alternative. Throughout this time the co-founders encountered many points affecting the business comparable to extreme fuel worth inflation, clunky person experiences, poor cryptocurrency exchanges, and extra. The group has sought to make use of these experiences to be able to create a greater platform within the type of myNFT.

The profitable completion of their Sequence A funding spherical, with over $7M raised, paves the way in which for making a extra accessible NFT business. On this regard, Hugo McDonaugh, co-founder and CEO of myNFT, states:

Securing Sequence A funding is such an important step for a fast-developing start-up like ours, and we’re delighted to obtain the help from a number of the smartest folks in web3, and past. It offers us the liberty to deal with rising myNFT and delivering transformative options to the NFT business to ship on our core mission to make NFTs accessible to all. Due to blockchain expertise and NFTs, we’re witnessing the beginnings of a brand new web: an web primarily based on worth, possession, and freedom. With this vote of confidence, myNFT will guarantee nobody will get deserted from accessing this really revolutionary expertise.

The Sequence A was led by Scytale Ventures, a number one investor within the blockchain business. Different traders embody SevenX Ventures, Future Good Ventures, Signum Progress Investments, Bruno Skvorc (Founding father of RMRK), George McDonaugh (Co-founder of KR1) and quite a lot of different household workplaces and angel traders. The group has additionally acquired a grant from the Moonbeam Basis for his or her work on essential NFT infrastructure for Web3.

myNFT is because of launch their first model in June 2022.

The following stage of their roadmap after launch is to launch their subsequent era NFT minting infrastructure alongside some thrilling new developments that the NFT business has but to see.

You possibly can already register at www.mynft.com to be one of many first to make use of the myNFT market when it launches and in addition enter the launch competitors for an opportunity to win some implausible NFT prizes.

To search out out extra about myNFT or to talk to CEO, Hugo McDonaugh or Head of Progress, Sina Sadrzadeh, please contact both Lydia Drukarz (+447977 454180) or Will Jones (+447505 827569) at Wavelength PR or e mail: lydia@wavelengthpr.com or willwavelengthpr@gmail.com




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