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Fandifi Technology Corp. (fka Fandom Sports) (FSE: TQ43 | OTC: FDMSF | CSE: FDM) recently completed Fandomart (www.fandomart.com), a NFT marketplace where fans can mint, buy, sell, trade, and store their NFTs and, most importantly, where users can exchange items with other NFT exchanges, platforms and protocols.
By Lorimer Wilson, Founder and Managing Editor of munKNEE.com as sourced from a research article by Chris Thompson of eResearch.
FAQs About NFTs
Before going any further please visit this article that has answers to all the Frequently Asked Questions regarding this unique concept, namely:
- Why do NFTs exist?
- Who creates NFTs?
- How are NFTs purchased?
- How are NFTs shared?
- What do NFTs cost?
- How do NFT creators make money in the aftermarket?
- What’s the technology behind NFTs?
- What are the risks with NFTs?
- Does the government tax NFT proceeds?
- What are the environmental impact of NFTs?
Not all the above questions are pertinent to the Fandifi Technology’s (www.fandomesports.gg) concept but now that you have an in depth understanding of NFTs, in general, let’s take a look at how NFTs apply to Fandifi Technology.
How NFTs Apply To Fandifi Technology
Fandifi Technology development teams are:
- Currently completing the gamification and rewards engine, expected to be finished in the second quarter of 2022, and, once launched, users will be able to watch live events and engage with other fans by predicting, wagering, and creating real-time NFTs, all on one platform.
- After the launch, to present specific monetization and customer acquisition opportunities to content creators and key industry stakeholders such as streaming and broadcast platforms including some of the most popular social platforms worldwide.
- Casting a wide net for audience aggregation and revenue generation by embedding its technology with partner organizations.
Fandifi Technology’s vision for real-time NFT creation and trading resulted in it entering into a technology partnership with Polygon, a fast and inexpensive blockchain framework that builds and connects Ethereum-compatible blockchain networks, to support efficient and scalable minting on its NFT marketplace. Another positive feature of Polygon was that it already works with most of today’s major blockchain-based Web 3.0 games and NFT projects, including Decentraland, Opensea, and The Sandbox. Additionally, it has six times more gaming and NFT dApps (decentralized apps that use NFTs and operate automatically through smart contracts) as compared to any other blockchain outside of Ethereum.
Bottom Line
Fandifi Technology’s strategy is to capitalize on the current trends and build its platform at the intersection of live streaming, Esports, and sports with unique NFTs. With the company’s innovative prediction technologies, the marketplace will allow for specific utilities across a range of content platforms.
For information on Fandifi Technology’s current stock price, market capitalization, etc. go here.
Related Articles:
1. Fandifi To Reward Users With NFTs Under the Tagline “Play, Predict, and Get Rewarded”
Fandifi , a Vancouver-based gaming and entertainment company, is all set to launch its all-ages gamification platform that will reward fan engagement with non-fungible tokens (NFTs) under the tagline “Play, Predict, and Get Rewarded.”
2. Fandifi Technology Stands In Good Company
In recent years, the global NFT market has grown at a rapid pace. According to Chainalysis, a blockchain data analytics firm, the market grew to approximately $41 billion (C$51 billion) in 2021. For 2020, the NFT sales of conventional art and antiques stood at $50 billion (C$62.7 billion).
3. NFT Trading Volume Skyrockets By 704% Reaching $10.67 Billion in Q3/2021
In recent years, the global NFT market has grown at a rapid pace. According to Chainalysis, a blockchain data analytics firm, the market grew to approximately $41 billion (C$51 billion) in 2021. For 2020, the NFT sales of conventional art and antiques stood at $50 billion (C$62.7 billion).
