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Unifty: Plug and Play for NFT

  • The exponential growth of non-fungible tokens this year has surpassed all projections made at the beginning of 2021. 
  • Unifty, an NFT solution poised to make the life of digital artists easier, launches with robust tools for a seamless operation. 
  • Unifty leads the way into CAAS (Contract as a Service) solutions for non-developer users to create their contracts without any coding knowledge on the platform. 
  • A certain rise to the top? Analysts weigh Unifty’s chances of being the NFT solution to beat in the future.

Lots of crypto users have delved into NFT’s this year as their popularity grows. Digital collectables seem to be the new vogue in the market and NFT’s have been on a constant rise from $250 million in 2020 to a whopping $2 billion in sales in the first quarter of 2021 alone. 

NFTs are digital artworks, and while this has made artists substantial amounts of money, it has also caused significant inconveniences for smaller artists as they don’t possess coding knowledge or have enough funds to pay experts to assist them. Unifty, the latest NFT, is on course to change the narrative as it creates an easy-to-use platform for artists to create. 

The WordPress of NFT

Just as WordPress made web design and development easier, Unifty is making life easier for digital artists and NFT creators. Unifty provides Contract as a Service  (CAAS) solutions to help digital artists and issuers create their contracts without any coding knowledge. 

The contracts are multivarious, including farms, pre-sale auctions, NFT swapping, and more. These specialized contacts are wholly owned and managed by the user. 

The Unifty Collection Manager enables users to create and administer their ERC1155 collections. Furthermore, these contracts are entirely owned by the artists after creation, unlike other NFT platforms. 

Unifty also provides an easy system to aid users in accessing these contracts. Users can create their farms through the Unifty Farm Builder and have their clients stake ERC tokens of their choice to claim their NFT rewards. 

Much More than Building

Apart from its utility for building and managing contracts and farms for all users, Unifty also provides unique ways which users can earn on the platform amongst other developments. 

The Unifty Wallet is a web wallet in which users store and transfer their NFts coupled with the fact that it supports other chains and not just Ethereum like the Binance Smart Chain, xDai, etc. 

Unifty also has a partnership with the NULS initiative to effectively market tokens and user creations giving them an edge. Referrals will see users receive 50% of the generated sale fee. Gas fees are also cheap on Unifty as they adopt other EVM chains like xDai, Matic, and Binance Smart Chain. 

On the Flipside

  • Even with these upgrades, it will take a long time before users switch from OpenSea and Rarible.
  • The second quarter of this year has witnessed a reduced activity among DeFi solutions including NFT platforms and this may lead to slow growth for Unifty.

What This Means for NFT’S

The rise of NFT’s came as a shock to many and there is still room for more growth. After hitting a record $2 billion in sales in the first quarter, the second quarter hadn’t been as lucrative as the former. 

Most people find it complex to create digital artworks and to mint NFT’s and the cost of hiring a professional to help them also scares them away. 

Unifty has changed the whole dynamic as users can create contracts without coding and with an easily accessible interface. This may encourage more users to get involved with NFT’s and increase the larger market volume

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    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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    Author

    Milko Trajcevski has been in the crypto world for years, and as such has gathered both a skill for writing as well as a native prowess when it comes to understanding everything that occurs within that world. Through skilled writing and determination, he covers articles about cryptocurrency, tokens, blockchain, crypto-asset regulations, crypto wallets, exchanges, liquidity, DApps, forks, mining, security, and blockchain technologies. He is a professional with a track record of proven expertise within the crypto space.