🏬 A Sustainable Marketplace for NFTs
How OneOf is creating a community for artists of diverse backgrounds to mint, sell, and share their art
Today's Highlights
- OneOf - creating an equitable community for artists to thrive in
- Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto.
- In Other News - a few interesting developments we're tracking.
OneOf - creating an equitable community for artists to thrive in
OneOf is a new Eco-friendly NFT platform built on the Tezos blockchain because of its energy-efficient design, specifically to create an equitable community, without economic barriers, where artists and collectors of all backgrounds have a safe and creative place to mint, share, buy and sell works.
OneOf operates on the Tezos blockchain. Tezos uses 2 million times less energy than other networks. For comparison, a single transaction on the more popular Ethereum blockchain consumes the same amount of energy needed to power a standard U.S. home for one and a half days. OneOf claims minting an NFT through its marketplace uses the same energy as sending a Tweet.
Amid the fervor around NFTs, two pertinent issues came into focus: whether the process of creating tokens can be sustainable at scale, and whether the hype and inflated price tags often associated with NFTs will wind down to everyday, affordable transactions. The founders at OneOf believe they have the answer for both. OneOf is a marketplace connecting music artists and their fans.
By creating a marketplace built on the well-established Tezos blockchain protocol to track ownership and transactions while pricing their NFTs in US dollars and other traditional currencies rather than cryptocurrency, OneOf simplifies ownership and sidesteps most of the usual environmental issues while still keeping control in the hands of the creator. Fans can transact with regular credit and debit cards in over 135 currencies, in addition to top cryptocurrencies and stablecoins. It will also offer no-cost minting for artists launching NFTs on its platform. OneOf will also donate a percentage of its platform revenue from every sale to either a charity of the artist’s choice.
Jared Christopherson, Lin Dai, Joshua James, Adam fell, Bill Tai and Suna Said are the co-founders of OneOf. OneOf has raised a total of $71M in funding.
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