The Asia-based exchange AAX plans to launch its NFT marketplace with an auction, competition, and high-end collaborations.
SINGAPORE, SINGAPORE / ACCESSWIRE / August 26, 2021 / AAX Exchange launches its flagship marketplace for non-fungible tokens (NFTs) and offers high-quality works by selected artists. As a prelude to this marketplace, AAX offers its users the opportunity to auction their NFTs for a charity campaign and at the same time win themed NFTs after the trade.
The campaigns mark the first steps the exchange is taking in the NFT space to prepare for the launch of its NFT marketplace in the near future. This move into the NFT space will culminate in the minting and display of a number of high-end NFTs in collaboration with a yet-to-be-unveiled NFT artist.
“Technological progress will inevitably bring about other forms of change. The last wave we witnessed changed tapes to Spotify and a lot more. The same changes occurred in relation to art: it was an amazing revelation when 3D printing was used for installation art. Blockchain technology enables NFTs and lets the work of art live with its uniqueness and unique value in the virtual world, ”said Toya Zhang, COO of AAX. “The total market capitalization for NFTs is unfathomable. We’re taking a small step forward, but we’re opening the NFT world to more users and encouraging artists to try out the new work formats. “
At the start, AAX users can enter a raffle where they have the chance to win Alex’s AAX mascot and Ava_7-themed NFTs.
Whether you win the raffle or not, AAX also allows users to participate in the NFT charity campaign. Users must submit their creatives to participate and AAX will select the top 5 and put them up for auction on the NFT marketplace.
Users can recreate the AAX logo in their own style using any creative method, be it in image, video, or music form. Then share the creation on any social media platform (Twitter, Facebook or Instagram) using the hashtag #MyFirstNFTWithAAX and submit the creation here.
AAX will select the 5 best creations within 5 working days of the end of the campaign and issue NFTs for the creations on www.solible.com for 7 days. Half of the proceeds from the NFT sales will be donated to the charity fund, and the other half will go to the creator’s AAX account. The proceeds are calculated in BTC based on the real-time exchange rate between the traded token and BTC.
The exchange, founded in 2018, has developed into a market leader in the crypto sector and offers users a variety of innovative products on their easy-to-use, fast and secure exchange of digital assets. It is a leader in the institutional crypto derivatives market in Asia Pacific. Over the years, the exchange saw massive growth rates of over 1 billion in volume in November 2020.
Preferred by a million users in over 100 countries, AAX is the world’s first crypto exchange with LSEG technology and the first to switch to the Satoshi Standard (SATS) to drive the adoption of Bitcoin.
The exchange charges $ 0 in fees on all 80+ spot markets, offers high-yield savings packages, highly liquid futures markets, regular discounts on key tokens, and a range of entry and exit ramps that make crypto in and out easy.
AAX’s mission is to connect traders, innovators, NFT artists, high net worth investors as well as non-banks and help ground digital assets in the real world and reap the benefits of solid money for all. Aax.com
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