Since the beginning of 2021, Non-Fungible Tokens (NFT) have been on the rise. Furthermore, the NFT marketplaces’ native tokens are bringing even more people to the business. NFTb is the main focus today among these platforms, as its native token has increased by more than 40% in the last 24 hours.
NFTb was trading at $0.08147 yesterday, but today it soared to $0.138, a new all-time high. According to CoinMarketCap, NFTb is currently trading at $0.1281 with a 24-hour trading volume of $5,355,717. At the time of writing, the token was up over 44%.
NFTb is built for speed and affordability on the Binance Smart Chain, as each NFT marketplace has its own set of features (BSC). It’s also built to expand to multi-chain support with future product releases.
NFTb is an open-source community-owned marketplace that was developed by Olexiy Fedorov, a Ukrainian entrepreneur.
Users from all around the world can join the platform to produce, sell, and trade digital art for a fraction of the cost of competing platforms, according to the company website.
Furthermore, the foresightful marketplace stated that each piece of art generated on NFTb is one-of-a-kind. It’s also minted on BSC, with all NFT-related files saved on the InterPlanetary File System (IPFS).
According to sources, the platform’s development is backed by some of the most well-known venture capital firms in the crypto field, including the Binance Accelerator Program. Other investors in NFTb’s seed round were Rarestone Capital, Spark Digital, and Next Ventures, which each contributed $200,000.