NFT.com Launches Public Beta Version with Free Transaction Fees and NFT Profiles

It is reported that NFT.com, the social NFT market, released a public beta version, and did not charge transaction fees during the initial test. NFT.com said t…

NFT.com Launches Public Beta Version with Free Transaction Fees and NFT Profiles

It is reported that NFT.com, the social NFT market, released a public beta version, and did not charge transaction fees during the initial test. NFT.com said that it introduced the concept of using NFT to represent social data, called NFT Profile, which also includes the market that supports the purchase and sale of NFT, and supports the transaction of NFT through other NFT aggregators. NFT.com said that more than 9000 created NFT profiles and 9.7 million NFTs have been accumulated in the previous closed test version.

The social NFT market NFT.com released the public beta version, and no transaction fee will be charged during the initial test

Interpretation of the news:


NFT.com, a social marketplace for non-fungible tokens (NFTs), has released its public beta version to the public. During the initial test, NFT.com did not charge transaction fees, encouraging more users to try out its platform. NFT.com has also introduced a new concept called NFT Profile, which represents social data using NFTs. The NFT Profile includes a marketplace for buying and selling NFTs, as well as support for transactions through other NFT aggregators.

The closed test version of NFT.com has been successful, with over 9,000 NFT profiles created and 9.7 million NFTs accumulated. The platform is expanding to incorporate social data and NFTs, which could potentially revolutionize the way we view and interact with social media.

While NFTs have gained popularity in the art world, they can also have applications in other industries. NFT Profiles can be used to represent social data, allowing users to create unique and authenticated profiles. The marketplace aspect of the NFT Profile also allows for the buying and selling of NFTs, providing new opportunities for creators and collectors.

The absence of transaction fees during the initial beta test period is a smart move by NFT.com. This will likely attract more users to the platform, encouraging them to create NFT profiles and engage with the marketplace. By eliminating transaction fees, NFT.com is positioning itself as a user-friendly platform that values community engagement.

In addition to supporting the transaction of NFTs through other aggregators, NFT.com is also providing a space for creators to showcase their work. The platform will likely attract a diverse group of creators who are looking for a new way to monetize their content. By using NFTs, creators can ensure that their work is unique and authenticated, providing a new level of authenticity and originality that is not possible with traditional monetization methods.

In conclusion, NFT.com’s public beta version release and introduction of NFT Profile is a significant development in the social media and NFT world. The platform’s initial success in accumulating NFTs and users highlights the potential of NFTs beyond the art world. The marketplace aspect of NFT Profile can open up new opportunities for creators and collectors alike, while the absence of transaction fees could attract more users to the platform.

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