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APENFT

APENFT is a multichain platform designed for experiences, GameFi, and trading activities. Its objective is to facilitate connectivity between the and fine art realms, leading the way in transforming high-quality works into and making fine art investment more accessible to a broader audience. and are the co-founders of APENFT. [1][2]

Overview

Established on March 29th, 2021, APENFT Marketplace operates as a multichain platform facilitating activities, GameFi experience, and trading across various networks such as , , and . With a primary focus on NFT trading, the platform caters to artists from both the NFT and traditional fine art realms, featuring works by artists like Beeple, , Pablo Picasso, and Andy Warhol. By utilizing TRC-721 and token standards, APENFT ensures secure and efficient management of -related data through the for decentralized storage. [2][3]

In addition to its digital offerings, APENFT facilitates storing and preserving physical art assets in specialized facilities with advanced security measures. The marketplace offers browsing options based on various criteria, such as price, collection, , category, bidding, and purchasing functionalities. Each listing provides comprehensive information and trading history, with verified listings indicated by a verification icon to enhance authenticity assurance. APENFT leverages the network for its scalability, low fees, and fast transactions, enabling smooth user experiences amidst the increasing demand for . Leveraging the File System (BTFS), a decentralized storage system, further ensures secure and permanent storage of NFTs and original artworks, reducing storage costs and enhancing accessibility without relying on centralized servers or intermediaries. [2][3]

APENFT Foundation

The APENFT Foundation, a non-profit organization established by APENFT, aims to register esteemed artworks as and support artists. It fosters the healthy growth of the digital art sector through acquiring prestigious artworks, nurturing emerging artists, conducting research, organizing educational events, and forming partnerships with leading art institutions, auction houses, museums, and other stakeholders. [3]

TRONscription Marketplace

On May 9th, 2024, the TRONscription Marketplace was launched as a distinct section within the APENFT Marketplace. It focuses on inscriptions and runes, providing a platform for deployment, , and trading on the . The first rune token under the TRONscription protocol is Wink, a redeemable rune issued by WINK. These Wink Runes are integral to the WINK GameFi ecosystem and are available for trade on the TRONscription Marketplace. [4] wiki

Products

APENFT GameFi

APENFT GameFi is an initiative merging GameFi and NFTFi, combining gaming with and . A prominent release under APENFT GameFi is WIN NFT HERO, a 3D cartoon-style strategy game based on , featuring heroes, equipment, and other assets. Players engage in tactical battles using heroes like , , and Einstein to earn rewards, with the launch of the ALLSTAR season in September 2023 offering a reward pool of 48,000,000 WIN. [3]

APENFT Launchpad

APENFT Launchpad provides investors with early investment opportunities in promising projects, offering potential benefits from their growth and development. Investors can engage in various types of offerings, including initial game offerings (IGOs), initial metaverse offerings (IMOs), and initial social network offerings (ISNOs), tailored to the projects' nature and category. Holding APENFT tokens grants investors access to exclusive , rewards, and discounts, enhancing their participation on the platform. [3]

Additionally, APENFT Launchpad operates as an incubator for projects, furnishing them with diverse resources and services, encompassing funding, marketing, technical support, legal advice, and more. [3]

NFT Token

The APENFT (NFT) token serves as the native token of the APENFT platform. It operates on the TRC-20 standard, which is interoperable with the standard. With a fixed total supply of 999,990,000,000,000, the token follows a model, where a portion of tokens is with each transaction conducted on the platform. [1][3]

This token offers various use cases and benefits within the APENFT ecosystem. It enables users to engage in activities such as buying, selling, or exchanging on the platform. Additionally, holders of the NFT token can participate in different types of offerings, including initial game offerings (IGOs), initial metaverse offerings (IMOs), and initial social network offerings (ISNOs), providing early investment opportunities in promising projects. Furthermore, holding NFT tokens grants access to exclusive NFT airdrops, rewards, and discounts. Finally, the token also allows users to participate in the governance and direction of the platform's development. [1][3]

Tokenomics

The NFT token distribution is as follows: [3]

  • 30% allocated to partner artists
  • 38% to DeFi airdrops, mining pools, and the NFT team
  • 20% to the foundation
  • 12% to the community

Partnerships

Poloniex

On May 25th, 2022, APENFT partnered with , a cryptocurrency exchange, aiming to advance the adoption and technology of . Through this collaboration, Poloniex users gained access to trade NFTs directly on the exchange platform. Additionally, users were allowed to acquire Genesis NFTs, which now include benefits from Poloniex's VIP program and APENFT's VIP Club. [2]

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August 12, 2024

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