AAX Is Running an Exciting Promotion for Creators and Traders Ahead of NFT Marketplace Launch
DailyCoin
Published Aug 27, 2021 08:30AM ET
Updated Aug 27, 2021 09:01AM ET
AAX Is Running an Exciting Promotion for Creators and Traders Ahead of NFT Marketplace Launch
AAX Exchange, the first centralized exchange to use the London Stock Exchange technology for its platform, is now launching a remarkable NFT platform that will combine art with giving. The marketplace, which will allow collectors and creators to auction high end pieces of art, is initiating a creative charity campaign, which will culminate in half of all proceeds raised going to predesignated charities, while giving traders on the platform the opportunity to win NFTs in return for trading.
The launch campaign will see AAX, which is already a big name in the world of crypto trading, with over 1 million users across 100 countries, plunging into the world of digital art. NFTs, which stand for non fungible tokens, represent rare and unusual art and media, with each token being completely unique and not exchangeable for any other, as is the case for coins like Bitcoin, where one can be directly interchanged for another.
The total market cap for NFTs is unfathomable
According to the COO of AAX,
“Technology advances will inevitably bring other forms of changes. The last wave we witnessed changed cassettes to Spotify (NYSE:SPOT) and much more. Same changes occurred with respect to art: it was an amazing revelation when 3D printing was used for installation artworks. Blockchain technology enables NFTs and allows artwork to live in the virtual world with its uniqueness and unique value.” “The total market cap for NFTs is unfathomable. We are taking a small step forward but opening the NFT world to more users, and encouraging artists to try the new formats of work. ” Users of the AAX platform can start by entering a lucky draw for prizes which include the AAX mascot of Alex and Ava_7 as NFTs.
All participants can enter the NFT charity campaign by submitting their own art and designs, representing the AAX logo, whether through art, media, video or music. Then they will post their creations to social media platforms using the #MyFirstNFTWithAAX hashtag, as well as submitting the creation through this form. The top 5 will be chosen by AAX and will be the first NFTs auctioned on the new marketplace. The winning creators will get half the proceeds to their AAX, and the other half will be sent to charity.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Get The News You Want
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.