NFTs I NFTically raises seed fund from Polygon Matic; global marketplace for NFTs launched

NFTically, a global NFT (Non-Fungible Tokens) marketplace to mint, buy or sell NFTs and business-to-business (B2B) software-as-a-service (SaaS) to launch white-label NFT store was launched on Tuesday. The platform is backed with seed funding from Polygon Matic CEO, Jayanti Kanani and others.

NFTically enables content creators to launch their own NFT store or marketplace under their domain name. The platform is on track to onboard 1000 multidisciplinary artists and content creators within the next three months. NFTically founder Toshendra Sharma, an IIT Bombay alumnus envisioned NFTically as the ‘Shopify for NFTs’. The company aims is to empower users with the optimum use of NFT and blockchain. The company will also invest in the initiative of NFT education and awareness among the users.

NFTs solve copyright infringement issues in key industries like music, art, and content creation and will be the future of the global collectible market which is estimated at $370 billion. These are unique virtual tokens on blockchain infrastructure that represents ownership, proof-of-existence and allow traceability or ownership of any digital or non-digital item. It can trace a physical or digital item, such as an artwork, a soundtrack, a collectible, an in-game item, domain names, photos, videos, social media posts, blog posts, or even real estate.

With features like Custom UI, social tokens of influencers, and KYC, NFTically will provide free minting of artworks on its platform, for “an industry lowest” fee of 1.5% on sales occurring on the artists own marketplace, while a 2.5% fee will be charged for sales on the NFTically Marketplace. The firm is aiming towards providing financing solutions in the near future for prospective buyers.

Jayanti Kanani, Polygon Matic, CEO said, “The NFT market maturity is one of the most exciting developments that we have witnessed in the Blockchain domain in recent times. This technology shift is much to be banked upon by both investors and artists as it will remain a high growth area. NFTically has the right vigour to fuel its vision and mission in becoming a new-age global marketplace of the future for customers and artists alike.”

NFTically currently supports trading and minting in Ethereum, Polygon, Binance Smart-Chain. Taking their claim about increasing accessibility to curb, the uncomplicated and user-friendly interface also allows Visa and MasterCard payments for wallet top-ups.