APENFT (NFT)
APENFT is a multichain platform designed for facilitating metaverse experiences, GameFi, and NFT trading activities. Its mission is to bridge the gap between the NFT and fine art sectors, transforming high-quality artworks into NFTs and making fine art investment more accessible to a wider audience. The platform was co-founded by Justin Sun and Sydney Xiong.
Overview
Established on March 29th, 2021, the APENFT Marketplace operates as a multichain platform supporting metaverse activities, GameFi experiences, and NFT trading across various blockchain networks, including TRON, Ethereum, and Binance Smart Chain (BSC). It focuses primarily on NFT trading, featuring works by renowned artists such as Beeple, FEWOCiOUS, Pablo Picasso, and Andy Warhol. APENFT employs the TRC-721 and ERC-721 token standards to ensure secure and efficient management of NFT-related data, utilizing the BitTorrent File System (BTFS) for decentralized storage.
| Ticker | NFT |
| Category | NFT |
| Website | https://apenft.org/ |
| @apenftorg | |
| Contract Addresses | |
|---|---|
| tron | TF...Nq Copied! |
| ethereum | 0x19...0aCopied! |
| binance-smart-chain | 0x20...caCopied! |
APENFT also facilitates the storage and preservation of physical art assets in specialized facilities with advanced security measures. The marketplace provides browsing options based on several criteria, including collection, cryptocurrency, category, bidding, and purchase functionalities. Verified listings are marked with a verification icon to enhance authenticity assurance. The platform leverages the Tron network for its scalability, low fees, and fast transactions, enabling seamless user experiences. Additionally, the BitTorrent File System (BTFS) ensures secure and permanent storage of NFTs and original artworks, enhancing accessibility without relying on centralized servers.
APENFT Foundation
The APENFT Foundation, a non-profit organization established by APENFT, aims to register esteemed artworks as NFTs and support artists. It promotes the growth of the digital art sector through the acquisition of prestigious artworks, nurturing emerging NFT artists, conducting research, organizing educational events, and forming partnerships with leading art institutions, auction houses, museums, and other stakeholders.
TRONscription Marketplace
On May 9th, 2024, the TRONscription Marketplace was launched as a distinct section within the APENFT Marketplace. It focuses on inscriptions and runes, providing a platform for deployment, minting, and trading on the TRON blockchain. The first rune token under the TRONscription protocol is Wink, a redeemable rune issued by WINK. These Wink Runes are integral to the WINK GameFi ecosystem and are available for trade on the TRONscription Marketplace.
Products
APENFT GameFi
APENFT GameFi is an initiative that merges GameFi and NFTFi, combining gaming with decentralized finance and non-fungible tokens. A noteworthy release under APENFT GameFi is WIN NFT HERO, a 3D cartoon-style strategy game based on Tron. It features heroes, equipment, and other NFT assets. Players engage in tactical battles using heroes like Vitalik Buterin, Satoshi Nakamoto, and Einstein to earn rewards. The launch of the ALLSTAR season in September 2023 offered a reward pool of 48,000,000 WIN.
APENFT Launchpad
APENFT Launchpad provides investors with early investment opportunities in promising NFT projects, offering potential benefits from their growth and development. Investors can engage in various types of offerings, including initial game offerings (IGOs), initial metaverse offerings (IMOs), and initial social network offerings (ISNOs), tailored to the nature and category of the projects. Holding APENFT tokens grants investors access to exclusive NFT airdrops, rewards, and discounts, enhancing their participation on the platform. Additionally, APENFT Launchpad operates as an incubator for NFT projects, providing them with resources and services such as funding, marketing, technical support, and legal advice.
NFT Token
The APENFT (NFT) token serves as the native token of the APENFT platform. It operates on the TRC-20 standard, compatible with the Ethereum ERC-20 standard. With a fixed total supply of 999,990,000,000,000, the token follows a deflationary model, where a portion of tokens is burned with each transaction on the platform. The token facilitates various activities within the APENFT ecosystem, such as buying, selling, or exchanging NFTs. Token holders can also participate in initial game offerings (IGOs), initial metaverse offerings (IMOs), and initial social network offerings (ISNOs), providing early investment opportunities. Additionally, holding NFT tokens grants access to exclusive NFT airdrops, rewards, and discounts, and allows users to participate in the governance and direction of the platform's development.
Tokenomics
The NFT token distribution is structured as follows:
- 30% allocated to partner artists
- 38% to DeFi airdrops, mining pools, and the NFT team
- 20% to the foundation
- 12% to the community
Partnerships
Poloniex
On May 25th, 2022, APENFT partnered with Poloniex, a cryptocurrency exchange, to advance the adoption and technology of NFTs. Through this collaboration, Poloniex users gained access to trade NFTs directly on the exchange platform. Users were also able to acquire Genesis NFTs, which include benefits from Poloniex's VIP program and APENFT's VIP Club.