With their sudden rise to fame, many quickly associate nonfungible tokens (NFTs) with luxury purchases for the wealthy. Consider just how many stories have flooded the news of investors and celebrities buying NFTs for a million dollars or more. However, these assets are more than a tool for the rich to get richer. Rather, at their core, these assets exist as a stepping stone to bridge the world into a digital realm, leveling the playing field for artists and providing a foundation for asset ownership for creators.
Much like blockchain was brought into the world to democratize finance, NFTs can ensure top artists and art pieces are properly recognized as pieces by the people, making art something for everyone.
In a recent AMA, Rachel Wolfson, a senior reporter at Cointelegraph, sits down with David Ukryniak, the director of blockchain strategy at Tron, a blockchain platform behind the APENFT marketplace. APENFT aims to be the best digital asset marketplace released on Tron. The platform, which was launched in April 2022, is built on the Tron blockchain, with support from one of the world’s most extensive distributed storage systems, the BitTorrent File System (BTFS). Together, the platform can apply zero transaction fees at the initial stage of the marketplace and enable creators to earn extra royalties on subsequent trades. The exchange contains 62,869 NFTs as of April 29, 2022, with some of the most known collections including InvisibleTronFriends, Cools Cats Tron and TronBullClub, among others.
To provide some background, David kicks off the AMA by sharing some more in-depth details about the project’s beginning. “APENFT started out as the gallery of Tron. It was the first effort to bring traditional artists onto the
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