APENFT Marketplace Goes Live On TRON Mainnet

On May 3, 2022, H.E Justin Sun, Ambassador, Permanent Representative of Grenada to the WTO, and founder of TRON, announced the successful launch of the first non-fungible token (NFT) marketplace “APENFT” on TRON mainnet.

The Ambassador broadcasted the Game Changer-themed event from Crytovoxels TRON HQs in a real-time Livestream on YouTube and DLive. TRON is now the first protocol to launch the NFT project Livestream in Metaverse. During the Livestream, the new APENFT Marketplace airdropped $10,000 worth of NFTs to all virtual attendees.

Sun now believes that the APENFT Marketplace, which exclusively exemplifies the values of Web3, will be a game-changer in the current NFT industry. The high-profile executive has based his high-end expectation on three key traits featured in the new NFT Marketplace.

First, APENFT Marketplace is an exclusive NFT trading platform that will benefit all community members. The new trading platform will offer “a zero-fee policy” to all users, creators, and developers. More interestingly, its highly anticipated feature “Trade-to-Mine” will allow users to receive NFTs for trading on the marketplace. The new feature will also offer a unique mechanism for creators and developers to earn NFTs.

Secondly, APENFT Marketplace will operate on the TRON blockchain, which offers cheaper gas fees, unlike other protocols such as Ethereum at less than $1 per transaction. According to Sun, affordability is an added advantage to attracting creators, developers, and traders. This sustainable ecosystem will make the APENFT Marketplace a more user-friendly NFT trading platform.

APENFT Aims To Support Creators And Developers

Lastly, the NFT trading platform focuses on supporting developers and creators by unveiling multiple programs, including the highly anticipated Trade-to-Mine feature and the most recent GameFi Hackathon. APENFT also focuses on exploring projects that will push the long-term growth of NFT and Game on TRON.

During the official launch, the top executive announced that APENFT would allocate a $2 million prize pool to award the best projects in the Developer Sprint. APENFT team will offer aspiring developers a two-week assessment to evaluate project quality, website development, smart contract deployment, and social community operations. A qualified team will earn up to $20,000 from the sprint contest.

In the meantime, APENFT has received more than 300 applications from aspiring teams. Astoundingly, over 50 out of them have qualified for the first review and have entered the contest. Many aspiring teams are covering a broad spectrum of art, collectibles, domain names, and sports. The number of community members for the first qualified projects has reached over 100,000.

According to Sun, champions of the sprint will receive a TRON 101 sponsorship program focused on pushing the growth momentum of APENFT Marketplace to become a stronger TRON NFT ecosystem. He also hinted about listing the Monkey Head NFT of the Twelve Digital Zodiac Heads Collection as the first item for auction on APENFT Marketplace. He explained:

“This auction on APENFT Marketplace is expected to introduce digitized Asian art treasures into the virtual world and crypto market, spreading the Oriental charm to more people globally. Chinese civilization dates back 5,000 years and what’s been accumulated throughout history is the utmost treasure. It’s always been my desire and honor to help preserve the wealth of history in this ever-changing world.”

Before ending his Livestream, the top executive offered his audience an open Q&A session and successfully answered contentious questions on Monkey Head NFTs, Developer Sprint, the VIP Club, and Genesis NFT.Sun had over 400,000 viewers on his Livestream from Europe, America, Africa, and Southeast Asia.

APENFT Overview

APENFT filed its patent in Singapore in March 2021. The NFT project is currently backed by the TRON blockchain, with additional support from the world’s largest distributed storage system BitTorrent File System (BTFS).

APENFT aims to boost the creator economy in its core mission while catalyzing financial and cultural inclusion in Metaverse. The platform also eyes to integrate both the virtual and real world seamlessly.

According to Sun, APENFT is the first NFT art foundation that realizes cross-over purchases. It aims to bridge indifferences between stakeholders in the traditional art world and the digital community art in the NFTs space.

The project also eyes to promote inclusiveness and diversity, broaden its multimedia audience and increase member engagement. The APENFT Foundation will make NFTs available to the entire community through various online exhibitions in the Metaverse.

About TRON DAO

Founded in September 2017, TRON has been accelerating the decentralization of the internet via blockchain and decentralized applications (DApps). The TRON network has continued to deliver impressive achievements in its mainnet. In July 2018, the protocol marked its first integration with BitTorrent, a pioneer in decentralized Web3 storage services facilitating over 100 million monthly active users.

TRON network has gained incredible traction within the blockchain community in recent years. The protocol has over 89 million total accounts on a blockchain, more than 3.1 billion transactions, and over $8 billion in total value locked (TVL).

Remarkably, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, outperforming Ethereum. In December 2021, TRON completed its full decentralization and is now a community-governed DAO.