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An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos, that are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos

NFTically allows content creators to launch their own NFT store or marketplace under their domain name

The funds will be deployed for strengthening the product and growing the customer base in the coming months

Global marketplace and SaaS for NFTs, NFTically is set to launch a white-label NFT Marketplace today. The platform is backed with seed funding from Polygon (MATIC) CEO, Jayanti Kanani and others.

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.

Founded by Rohendra Singh and Toshendra Sharma in April,2021, NFTically allows content creators to launch their own NFT store or marketplace under their domain name. Additionally, users can buy and sell their NFTs on the platform. 

With features like custom UI, social tokens of influencers, and KYC, NFTically will provide free minting of artworks on its platform, while offering a 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.

According to a statement from the NFTically team, the funds will be deployed for strengthening the product and growing the customer base in the coming months. The company aims to onboard 1,000 multidisciplinary artists within the next three months.

Toshendra Sharma, founder, and CEO, said “Our mission is to revolutionise the NFT space by making it accessible to everyone – celebrities, influencers, artists, and enterprises. With a clear focus on NFT awareness and the platform’s user experience (UX), we aim to connect people with their favourite collectibles, artists, and objects. NFT market-related transactions are soaring to new heights every day and given our relationship with art, culture, and emotion, India can be the epicentre of the NFT uprising. Through NFTically, anyone can launch any number of NFT marketplaces and get the right value of their creation.” 

Angel Investor 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 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.

Recently, Mumbai-based crypto startup WazirX had rolled out an NFT marketplace introducing 15 creators hailing from diverse categories such as space 3D artists, digital artists, muralist photographers, canvas artists, street artists and visual artists. According to the Indian crypto exchange, this was the first NFT marketplace in South Asia. However,  with the increasing popularity and adoption of the crypto and blockchain sector, India is bound to see multiple other startups emerge in the NFT space.