This article originally appeared on Yahoo Finance
Asia-based exchange, AAX, plans to launch its NFT marketplace with an auction, contest, and high-end collaborations in store.
SINGAPORE, SINGAPORE / ACCESSWIRE / August 26, 2021 /
AAX Exchange is launching its flagship non-fungible tokens (NFTs) marketplace and featuring selective artists’ high-end works. As a prelude to this marketplace, AAX is giving its users an opportunity to auction their NFTs for a charity campaign, at the same time the chance to win themed NFTs after trading.
The campaigns mark the first steps the exchange is taking in the NFT space in preparation for the launch of its NFT marketplace in the near future. This move into the NFT space is set to culminate in the minting and exposition of a series of high-end NFTs in collaboration with an NFT-artist yet to be disclosed.
“Technology advances will inevitably bring other forms of changes. The last wave we witnessed changed cassettes to Spotify and much more. The 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 the artwork to live in the virtual world with its uniqueness and unique value,” Said Toya Zhang, COO of AAX. “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. ”
To start with, AAX users will be able to enter into a lucky draw with a chance to win the AAX mascot of Alex and Ava_7 themed NFTs.
Whether winning the lucky draw or not, AAX also allows users to participate in the NFT charity campaign. To participate, users need to submit their creatives, and AAX will select the best 5 of them and issue them to the NFT marketplace for auction.
Users can recreate the AAX logo in their own style using any creative method they wish whether in image, video, or music form. Then, share the creation on any social media platform (Twitter, Facebook, or Instagram) with the hashtag #MyFirstNFTWithAAX and submit the creation here.
AAX will select the 5 best creations within 5 working days after the campaign ends and issue NFTs for the creations on www.solible.com lasting 7 days. Half of the proceeds from the NFT sales will be donated to the charity fund, the other half will go to the creator’s AAX account. The proceeds will be calculated in BTC, based on the real-time exchange rate between the traded token and BTC.
Founded in 2018, the exchange has matured into a market leader in the crypto space offering users a plethora of innovative products on its simple-to-use, fast, and secure digital asset exchange. It leads the crypto derivatives market for institutional investors in the Asia-Pacific region. Over the years the exchange has witnessed massive growth rates recording over 1 billion volumes in Nov 2020.
Favored by a million users in over 100 countries, AAX is the world’s first crypto exchange powered by LSEG Technology, and the first to make the switch to the Satoshi Standard (SATS) to drive the adoption of Bitcoin.
The exchange charges $0 fees across all 80+ spot markets, offers high-yield savings packages, deeply liquid futures markets, regular discounts on major tokens, and a range of on-ramps that make cashing in and out of crypto easy.
Connecting traders, innovators, NFT-artists, high-net-worth investors as well as the unbanked, AAX’s mission is to help ground digital assets in the real world and bring the benefits of sound money to everyone. Aax.com