The NFT market has seen tremendous growth in the last year alone. Going from worth just $100m in 2020, all the way to $22bn in 2021 (despite the economic hardships experienced by many throughout the last year) - and it's a market we intend to become a very large part of. While we understand this may sound like no easy task, and it isn't - especially when you consider the vast majority of NFTs currently run on the Ethereum blockchain network (for now). Once the NFT market starts shifting to other, more capable & cheaper NFT capable blockchains like the XRPL, which we can already see happening - we intend to be at the forefront fo that.
It is our goal to to bring the XRPL users an NFT Marketplace of their own!
We understand we're not the only players in the space, but are extremely confident in our ability to present the XRPL community, with the best decentralised NFT Marketplace Platform 2022 will have to offer. We can also confirm at this time that the XRSwan token will be an integral part of this marketplace.
CygnetWire is currently in the early stages of the development of a decentralised application for the creating, minting & trading of NFTs on the XRPL. This is one of the projects we are most looking forward to seeing in action. It is here, once the NFT Marketplace launches, that the remaining 55 xSwans NFTs will be sold at auction to help promote the launch of this app.
This one application, in particular, will provide a straightforward, stress-free, and rewarding experience for NFT artists looking to mint and sell their art on the XRPL. As stated above, use of this xApp/decentralised marketplace to buy and sell NFTs will directly help increase utility for the XRSwan token. Users will be heavily incentivised to use the XRSwan token for the minting process, buying & selling.
55 of the xSwans Collection will be put up for auction/sale on this platform, after the first 55 are airdropped sooner via another platform on XRPL More info on whitelist/eligibility soon...