New NFT Market, myNFT, Seals m in Funding to Make NFTs Accessible to All – Press launch Bitcoin Information

New NFT Market, myNFT, Seals $7m in Funding to Make NFTs Accessible to All – Press launch Bitcoin Information

PRESS RELEASE. New London-based NFT market platform myNFT has introduced its upcoming launch with the information that it has obtained Collection A funding from a few of the blockchain trade’s most distinguished buyers.

myNFT believes that the present NFT trade is stuffed with obstacles that stop this revolutionary expertise from being accessible to all. Its major mission is to vary this in a manner that no different platform has carried out earlier than: cut back prices and assist multi-chain fee strategies, together with fiat and plenty of extra options.

The platform is constructed on high of the Moonbeam parachain, which is a part of the Polkadot Community. Polkadot was based by Ethereum co-founder Gavin Wooden and is called “the web of blockchains” because it connects blockchains to one another, permitting values ​​and information to be despatched over networks that have been beforehand incompatible. Due to Polkadot’s natively interoperable and multi-chain structure, myNFT clients will ultimately have the ability to create, trade and migrate NFTs between any blockchain in any forex at low value.

MyNFT, a recreation changer for the NFT trade, is launching with a viable fiat on-ramp, the place customers should purchase and promote NFTs with kilos (£), {dollars} ($) and different non-crypto currencies. That is consistent with myNFT’s general mission to make this revolutionary expertise accessible to everybody.

Presently, one of many major bottlenecks stopping the widespread adoption of NFT expertise is the excessive gasoline charges related to the Ethereum community. Ethereum gasoline prices have skyrocketed, excluding many potential new patrons from the market. The myNFT expertise stack relies on Proof of Stake, rather more scalable and as safe as Ethereum. Due to this fact, patrons and sellers may have a lot decrease gasoline prices and sooner transaction speeds, which implies greater worth and liquidity for the NFTs created.

Individuals can public sale their NFTs on the myNFT platform utilizing its new patent-pending bid-to-win GBM public sale system. In a GBM public sale, there are solely two outcomes: the bidder wins cash when they’re outbid, or they win the merchandise at public sale! It is a entire new manner for folks to find the worth of their NFTs and makes auctions much more enjoyable for everybody concerned.

In creating the myNFT platform, the expertise of its co-founders performed an necessary position. Three faculty pals, Hugo McDonaugh, Edouard Bessire, and Guillaume Gonnaud, have been working within the NFT area for the reason that early days of the trade. Beforehand, they efficiently launched the Cryptograph platform in 2020, which allowed Hollywood celebrities and artists to create their very own NFTs and donate a portion of the income to a charity of their selection. Throughout this time, the co-founders encountered many points plaguing the trade, equivalent to heavy gasoline value inflation, clunky consumer experiences, poor cryptocurrency exchanges, and extra. The group has sought to make use of these experiences to create a greater platform within the type of myNFT.

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

Securing Collection A funding is such an important step for a fast-developing startup like ours, and we’re thrilled to be endorsed by a few of the smartest folks at web3 and past. It provides us the liberty to deal with rising myNFT and delivering transformative options to the NFT trade to meet our core mission of constructing NFT 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, property and freedom. With this vote of confidence, myNFT will be certain that nobody is left with out entry to this really revolutionary expertise.

Collection A was led by Scytale Ventures, a number one investor within the blockchain trade. Different buyers embody SevenX Ventures, Future Excellent Ventures, Signum Progress Investments, Bruno Skvorc (Founding father of RMRK), George McDonaugh (Co-Founding father of KR1), and quite a lot of household workplaces and angel buyers. The group additionally obtained a grant from the Moonbeam Basis for his or her work on the necessary NFT framework for Web3.

myNFT will launch its first model in June 2022.

The subsequent stage of their post-launch roadmap is to launch their next-generation NFT minting infrastructure together with some thrilling new developments the NFT trade has but to see.

Now you can register at 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 improbable NFT prizes.

For extra details about myNFT or to talk with CEO Hugo McDonaugh or Head of Progress Sina Sadrzadeh, please contact Lydia Drukarz (+447977 454180) or Will Jones (+447505 827569) at Wavelength PR or e-mail : both

It is a press launch. Readers ought to do their very own due diligence earlier than taking any motion associated to the Promoted Firm or any of its associates or providers. shouldn’t be accountable, immediately or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about within the press launch. Media is the main supply for all issues cryptocurrency. Contact to debate press releases, sponsored posts, podcasts, and different choices.

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