Tron hosts DeFine: NFT platform for social profiles

Tron hosts DeFine: NFT platform for social profiles

Tron Network hosts DeFine to create an NFT platform dedicated to the social profiles of artists, musicians, influencers and athletes.

“I am thrilled to announce that the Social NFT platform DeFine Platform will be coming on Tron Foundation! Meanwhile, TRON and APENFT will cooperate with DeFine for sourcing valuable NFTs in the global marketplace”.

Reportedly, the new partnership between DeFine and Tron will allow several digital content creators to create Tron-based NFTs, interacting directly with their fanbase using social/fan tokens.

In essence, DeFine is a social profile system, and on Tron, Non-Fungible Tokens of social identity would be created for all users based on their contributions and achievements in the digital world.

In addition to the upcoming TRC-721 NFTs, DeFine goes on to describe the partnership as follows:

“After the integration with Tron, we will explore providing special badges for the Tron ecosystem users and expand our partnership with the services to provide additional perks for the badge holders. We look forward to the growth of both communities through the integration and partnership with Tron!”

Tron Network’s NFT social platform

Tron’s ecosystem now enters the world of Social thanks to the NFT format and the new partnership with DeFine and APENFT.

Staying on the NFT theme, last March 2021, the Tron Foundation created a fund dedicated to collectible tokens, the “JUST NFT” with the aim of registering world-class NFT artworks on blockchain.

The artworks in JUST NFT’s sights are those with prices between $1 million and $10 million.

It is no coincidence that in the same month, during the NFT CarbonDrop auction, the CEO of Tron, Justin Sun reportedly purchased the work of the famous artist Beeple, OCEAN FRONT for six million dollars. Beeple is also the artist of the work Everyday, which was auctioned as an NFT work for $69 million.

Admittedly, despite the expansion of Tron’s ecosystem, its TRX crypto is not receiving support from investors, even though it remains among the top 30 crypto assets by market capitalization.

It may also be due to the entry of new, more innovative crypto players, perhaps preferred to Sun’s network, that TRX with $5 billion in market cap, has a 0.30% dominance in the crypto market at today’s price of $0.07.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

"Old" Bitcoin Outperforms Upgraded Ethereum

“Old” Bitcoin Outperforms Upgraded Ethereum

Morgan Stanley Files With SEC for Bitcoin Exposure to 12 Funds

JP Morgan Warns Hasty CBDC Implementation Could “Cannibalize” Financial System