๐ ๏ธProblem
Last updated
Last updated
1๏ธโฃ Complicated process to access the NFT market for investors, influencers, licensed companies, brands.
This year a crypto investment to NFT gained a lot of interest among non-IT and non-crypto geeks. In 2021 Bitcoin and other crypto tokens have a new regular high price and people are ready to invest in the space. This is a driver of NFT growth. Investors, brands, KOLs worldwide would like to jump into the NFT space.
But it is so difficult even for IT-people or not safe enough because existing solutions canโt provide a full control on crypto assets. Most products on the market canโt provide a clear and simple user experience. Complicated user flow growth discourages investment.
2๏ธโฃ Buyers and sellers create billions valuation for NFT marketplaces but have zero shares in return.
The most commonly used marketplaces like Opensea have got a billion dollar valuation. But their business costs zero without buyers and sellers. And buyers and sellers receive nothing in return, just nothing. Itโs not fair as for revenue sharing.
3๏ธโฃ Purchased NFTs have no value on the secondary market.
Last, but not the least problem is the value for purchased NFTs. People purchased NFTs facing dropped prices on the secondary market. This is a subject of significant losses for investors and decreased all NFT market reliability in general.