The first NFT marketplace to be approved on the App Store now includes a gasless minting feature.
The NFT marketplace intends to function in a gasless ecosystem and provide a simple blockchain interoperable NFT marketplace with direct fiat on-and-off ramps.
Earlier this year, Elon Musk expressed concern about the potential environmental damage caused by the crypto mining industry. This debate drew a lot of attention and sparked a broad discussion about how the industry can reduce its environmental footprint.
The founder of MicroStrategy, Michael Saylor, famously remarked that Bitcoin (BTC) miners are energy arbitrageurs in their pursuit of cheap or wasted energy. He claims that the cryptocurrency’s bad reputation is unjustified when compared to the energy consumed by the traditional banking ecosystem.
One project is not only concerned with energy consumption but also has a strong corporate social responsibility ethos and has donated $10,000 to COVID-19 patients in India.
Curate, the first NFT marketplace approved by the App Store, was one of the first signatories to the Carbon Crypto Accord, in which crypto businesses pledge to become carbon neutral by 2030, highlighting the global concern about climate change. Despite being tarred with a negative carbon outlook at times, the crypto industry is fighting back, pledging support to reduce carbon footprints and focusing more on renewable energy.
The nonfungible token (NFT) marketplace is intended to provide a one-stop shop for buying and selling NFTs. Purchases can be made using Ethereum (ETH) and Curate tokens, in addition to a stablecoin USDC and credit and debit cards via Circle (XCUR). It is aimed at marketplaces such as Opensea and Rarible, as well as physical goods/P2P marketplaces such as eBay and Facebook Marketplace, but with a 4 percent fee, which is significantly lower than typical charges.
The carbon-neutral NFT marketplace employs blockchain-independent technology and allows for gasless transactions. Its peer-to-peer marketplace specializes in fashion, gaming, and electronics.
“Curate’s goal is to bring crazy simplicity to NFTs and create a harmonious environment.”
Since its launch in the first quarter of this year, the marketplace has already recorded more than $7 million in trading volume and amassed a large following on social media, with more than 100,000 followers. Furthermore, more than 20,000 NFTs have been minted and sold on the platform. These NFTs are aggregated cross-platform and cross-chain by embedding key search functions and properties into the NFTs’ metadata, resulting in hard-coded NFTs by default.
The app, which is available for both iOS and Android, includes its own wallet. Fiat on-and-off ramps are provided directly within the app by its partner Circle, so the user is not distracted. This ensures that they spend more time engaging with the app and, as a result, potentially spend more money within the ecosystem.
Curate has already formed alliances with other industry titans such as Travala, Shopping.io, Elrond Gold, Algorand, Chainlink, Avalanche, Moonbeam, and Matic.
Travala.com, a Binance-backed crypto industry leader in travel bookings, has added the Curate token, XCUR, to its platform to pay for travel or accommodation. The blockchain-based travel platform allows for hotel and accommodation booking and covers over 2 million properties worldwide.
The all-in-one marketplace is also integrating with Polygon to enable MATIC as a payment option, as well as to mint on the popular Layer-two solution, as part of its blockchain-agnostic progression.
While the Curate.style marketplace is currently digital, there are plans to launch a physical goods marketplace, and merchants are already lining up to participate.
Curate’s overarching goal is to provide a simple blockchain interoperable NFT marketplace with direct fiat on-and-off ramps while operating in a gasless ecosystem. So far, it has met all of its objectives and is one to keep an eye on – and download onto your mobile device.
“Our mission statement has always been to keep crypto simple by providing a gasless multichain marketplace for both NFTs and general goods,” says Curate founder and CEO James Hakim.