Bitcoin STXNFT Marketplace Announces New Web3 NFT Brand “Gamma”

STXNFT, the leading open non-fungible token marketplace on stack programming layer powered by Bitcoin, has announced its new brand “Gamma.io,” which aims to become the leading social hub for Web3 NFT projects.

Notably, in the social media space, identity, the qualities, beliefs, and appearance that define a person are believed to be the most valuable assets. Although the identities once represented participation in the real world, they are rapidly shifting their meaning on social media.

While the value of online content transfers continues to grow in the digital realm, identities are also evolving to become augmented within the digital space. In augmented reality (AR), users can share interests, passions, investments, projects, and pastimes using their social identities.

Non-fungible tokens (NFTs) are the key elements of social media evolution, enabling the Metaverse to showcase an identity they own across a host of ecosystems. These NFTs, including avatars, delve further to offer functionality for proof-of-attendance in an event, create tooling passes and even authenticate banking details, including the value and physical identity in the real world.

For now, the only puzzle about this powerful application surrounds where social identity will be in the one-centered open NFT marketplace, with Gamma now aiming to resolve this challenge.

Gamma consists of three core platforms. The new brand features a user-first marketplace for exploring NFTs, a creator-first launchpad for artists to showcase fully-tested no-code smart contracts, and a social platform.

Launched in September last year, STXNFT has announced its new project to accommodate more BTC integration, which includes extended social features and brings together creators and collectors in a Web-native way.

STXNFT Marketplace Overview

Unlike other NFT marketplaces on Ethereum, the newly rebranded Gamma (STXNFT) presents a unique model of NFTs offering with its basis on Bitcoin (BTC). Gamma got inspired by a strong belief in Bitcoin decentralization, mainstream trust, and adoption in the settlement layer.  The platform will extend its features to the settlement layer for non-fungible assets.

Notably, NFTs originated from Bitcoin chains in 2016 before spreading to other chains due to prior base layer technology limitations. Although the transition held some sense, Bitcoin now aims to regain its dominance following its recent breakthroughs for smart contracts, which now represents a larger ecosystem than any other chain.

The team behind Gamma development and STXNFT believes that the rapidly growing Web3 technologies will take advantage of the most reliable store of value, spurring on NFTs and the Metaverse.

While commenting about the recent crypto development, Jamil Dhanani, a Stanford graduate student, former Apple engineer, and now founder and CEO of Gamma, stated:

“Over the past year, NFTs have transformed digital asset ownership and served to connect artists, creators, collectors, and community members. Our platforms have already brought together people from around the world – Gamma is our next step, doubling down on community and putting collectors and artists first.”

To showcase that it is a first-creator platform, Gamma has integrated dozens of artists and creators to bring people together around Bitcoin and Web3. Artists will receive compensation for their efforts and contribution accompanied by 100% free revenues and royalties from various collections.

Gamma Foundation

Although its creator launched six months ago, Gamma is now one of the largest open marketplaces on the stack platform, supporting thousands of buyers. Gamma is a dedicated user base that averages out six purchases each.

Rival platform, which is currently minting some NFTs using lighting payments in their NFT marketplace, has made Gamma begin focusing on accepting native Bitcoin assets in its NFT marketplace in upcoming quarters.

Gamma also aims to build a social platform, which will give creators and collectors additional ways to build more extensive communities.