🛠 Minty Community Update
Pioneering Digital Patronage
The software has eaten the World and tokenization is putting it on the Blockchain. Countless bullish news in the crypto world, a booming interest in everything NFTs reflected by the industry numbers skyrocketing (NFT sales have totaled more than $13 billion in 2 months)! However, 2 major issues are threatening the NFT landscape and Minty, more than ever, comes as a compelling proposition.
Although we can’t contest Opensea’s dominance (97%), the community is pointing at an extremely risky centralization that would bring back the demons of the web 2.0: censorship, lack of transparency, and unfair competition, etc.
And this is exactly why we are building Minty, an NFT platform made for the creator economy. We are building a permissionless non-custodial platform that allows anyone to tokenize and fully own their assets.
Absurd gas fees
The second major issue is the absurd amount of money spent on gas fees. As Vitalik mentioned NFTs need to move onto the layer 2 ecosystems to cut fees.
This is exactly what we foresaw from the beginning and hence why we deployed on Polygon. Transacting on Minty costs less than $0.01vs hundreds of dollars for some minting on Ethereum. We are even offering some MATIC to kickstart your user experience with us.
Now let’s dig into the latest platform updates...
We have improved our UX/UI for the user onboarding to gradually become fully responsive.
Migration to Sushiswap
Going back to gas price issues on Ethereum, we are transferring the liquidity from Uniswap to Sushiswap on Polygon so you will be able to trade it at near-zero cents. Also, the users won’t need to spend expensive fees and time to bridge their Minty between the 2 chains.
We also focused on smoothing the bridging of assets from Ethereum to Polygon by removing the original friction of network switching.
Welcome to Satenik!
Satenik is our new Full Stack developer who has joined the tech team and who will help us deliver all the above in a short amount of time! Satenik has a great experience and understanding of web 2 marketplaces and e-commerce platforms.
The next steps keep improving the UX, integrating Blocknative to increase the wallet compatibilities, improve the website responsiveness, integrating collections in the marketplace, and overall deliver the best marketplace experience on Polygon.
Check out some of their latest NFT artwork on the marketplace. Stay tuned for upcoming announcements for New drops!