🖼 Helping Creators Launch NFTs
Today's Highlights
- Fair - NFT minting service
- This Week On BuzzBelow - a recap on this week's topics.
- In Other News - a few interesting developments we're tracking.
Fair - NFT minting service
NFTs will play a significant role in bringing the next million people into web3, serving as a key part of onboarding web2 users into the decentralized world.
Yet the current NFT infrastructure is lacking, resulting in a standard user experience which is fraught with issues that represent considerable hurdles to unlocking this next wave of users.
Fair aims to provide an NFT platform for creators to launch collections of digital art. There are loads of no-code solutions out there that help but with only creating one- or two-piece collections. For those wanting to launch a collection at scale it’s a very elaborate process that can take weeks for an experienced team.
Fair claims its smart queueing technology can launch NFT collections in minutes. Those who want to launch NFT collections on Fair only need to have their artwork and crypto wallet, while the platform provides the necessary infrastructure, including collection homepage, minting integration, on-chain deployment, pre-sale access, metadata generation, marketplace royalties, reveal experience and allow lists.
Isaac Kamlish, Isaac Bentata Chocron, and Nathan Cohen, are the founders of Fair. The founders claim that with Fair's approach, creators will quickly establish NFT collections. Gas costs and the likelihood of unsuccessful transactions are also decreased thanks to its intelligent queuing system. By taking a 6% commission on the initial sales of NFTs produced using the service, the team intends to generate revenue. Even while the present NFT market is a far cry from the euphoric days of January 2022 when monthly trade volume reached $5.6 billion - it fell below the $700 million threshold - this hasn't stopped businesses from making progress in this area. Fair has raised a total of $4.5M in funding.