Wealthy Teds Forms Partnership with Niftify!

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Wealthy Teds is super excited to announce its newest partnership with Niftify, the all-inclusive NFT platform.

Niftify is Taking NFTs Out of Their Infancy and into Real-World Utilities

Before we delve deeper into the features and characteristics of Niftify, let firstly explain what the platform is about.

Niftify is a creator-centric, all-in-one NFT marketplace for the trading of rare and limited-edition collector NFTs. Leveraging the ‘lazy minting’ technique, Niftify NFTs are minted on the Layer-2 Polygon network, thus significantly reducing gas fees.

This US-based, regulated, and licensed NFT marketplace boasts of a highly advanced user interface for creating, buying, and selling NFTs. Niftify co-founder, Bruno Ver, has confirmed that people can use their credit and debit cards to transact in Niftify NFTs.

Niftify uses the EIP-2981 royalty standard for its NFTs, thus ensuring all content creators a fair share of royalties. Through EIP-2981, artists continue to hold their ownership rights, with a resell royalty of up to 25%.

To further facilitate the creativity of artists, Niftify allows for a wide range of customization options for artist profiles. These premium accounts help the creators to put their artistic creations to a diverse audience base and maximize their income.

On the other hand, collectors and NFT buyers benefit from Niftify’s easy-to-use NFT swap feature. Thus, if a user wants to swap their NFT with another one, they just need to initiate a swap proposal.

Niftify performs the rest of the work depending on whether the counterparties accept or decline the proposal. In exchange, Niftify charges a minor 5% commission fee for each successful NFT transaction (2.5% if paid in Niftify’s in-platform $NIFT token).

To ensure transparency, Niftify has a 6-tier licensing system that all NFTs need to comply with to be eligible for transactions. Moreover, the Niftify code can analyze market data and prevent instances of overpriced and unfair NFT listings.

The protocol algorithm can estimate the NFT prices in separate market cycles and generate a fair price for each NFTs.

$NIFT Token

The $NIFT token is a utility token that powers the Niftify protocol and has a total supply of 2 million coins.

Users get a straight 50% discount when they use $NIFT tokens to pay for their Niftify-based NFT transactions. Additionally, the total number of $NIFT tokens in a user’s wallet determines their access to special platform features.

These can include exclusive airdrops, creating premium profiles, access to streams from content creators, gaming facilities, and member-only accessibility to NFT launches. At the time of writing, the $NIFT token is selling at a price of $0.1116. It’s tradeable on BittrexGlobal amongst other exchanges.

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About Wealthy Teds

The Wealthy Teds is a collection of limited 10,200 NFTs. Each one has been carefully crafted by the in-house team of experts who have worked with some of the biggest names in the art industry, including Disney.

The NFT holders will be a part of a larger community that looks toward the bigger picture in life. Apart from different staking and holding benefits, the Wealthy Ted NFT owners will have exclusive access to events, merchandise and even voting through the upcoming DAO. The top members will be given the chance to look at different investment projects and even propose to the Wealthy Ted team to look in and invest in.

This way, the Wealthy Ted intends to gamify the NFT and investment experience for all.

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