What is NFT Alley?
NFT Marketplaces are famously addressed as the next wave of innovation in the crypto space owing to their huge contribution in making NFTs the "foundational building blocks" of the emerging Virtual economy. While all these marketplaces have their unique selling points, the primary motive remains the same: To ensure secure buying, selling and trading of NFTs.
NFT Marketplaces like NFTAlley are promising revenue streams for early NFT Adopters (artists, musicians and other talented creators) who are looking to unlock the true potential of NFTs. With the realization of ARIVR technologies, the digital world of games, art, fashion and social media alike are undergoing remarkable transformation and NFTs are at the forefront of this innovation wave.
Everyday, new virtual worlds are built with NFT backed assets to trailblaze the NFT space. A prime example of the same would be: Implementation of "land" infrastructure digitization in NFTs. This opened the doors of the virtual world to the Real Estate and Architecture industries thereby causing a huge inflow of revenue and unleashing greater investment opportunities.
NFTAlley is an avant-garde multi-chain marketplace for minting, selling, and trading crypto-collectibles seamlessly. NFTAlley allows you to tokenize your collectibles or signature products like art, music and game assets. It believes in empowering multi-chain Marketplaces to make crypto-collectibles accessible to all.
The NFTAlley platform enables sellers to create multiple NFTs for one single image and sell it a multitude of times. Alternative, they may choose to only distribute just a single item which is then deemed "rarer". In addition to this, artists can set a percentage (of quoted price) to receive royalties on lifetime re-sales, thereby allowing them to benefit from every transaction of their created digital asset. On the other side of the transaction, buyers are able to benefit from purchasing NFTs and building a personal portfolio. While collectors are interested in building personal portfolios of what they personally like, traders look towards building a collection of art they see future value in.
Thus, it can be concluded that the bigger picture of the NFTAlley platform stands to empower all parties involved.
Native token and utility
The native digital cryptographically-secured utility token of the NFTAlley platform ($ALLEY) is a transferable representation of attributed functions on the NFTAlley platform, and which is designed to be used solely as an interoperable utility token on the platform.
$ALLEY is a non-refundable functional utility token which will be used as the medium of exchange between participants on the NFTAlley platform. The goal of introducing $ALLEY is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the NFTAlley platform, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $ALLEY does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $ALLEY entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $ALLEY may only be utilised on the NFTAlley platform, and ownership of $ALLEY carries no rights, express or implied, other than the right to use $ALLEY as a means to enable usage of and interaction within the NFTAlley platform.
$ALLEY also provides the economic incentives which will be distributed to encourage users to contribute and maintain the ecosystem on the NFTAlley platform, thereby creating a win-win system where every participant is fairly compensated for its efforts. $ALLEY is an integral and indispensable part of the NFTAlley platform, because without $ALLEY, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the NFTAlley platform. Given that additional $ALLEY will be awarded to a user based only on its actual usage, activity and contribution on the NFTAlley platform, users of the NFTAlley platform and/or holders of $ALLEY which did not actively participate will not receive any $ALLEY incentives.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About NFT Alley
With the Defi explosion all at the rage, the NFTs are the next imminent holy grail to dive in. Long story short, we at NFT Alley are here to redefine NFT Marketplaces. We are an avant-garde multi-chain marketplace for minting(creating), selling, and trading crypto-collectibles seamlessly. To learn more about NFT Alley, please visit their website, follow their Twitter and join their Telegram.
