Moon.Art Releases The First Wave of The Fully Regulated, Eco-friendly and Community Driven NFT-Marketplace

April 26, 2022 at 11:04 am

Press Releases

Moon.Art Releases The First Wave of The Fully Regulated, Eco-friendly and Community Driven NFT-Marketplace

Press Release

Moon.Art, the world’s first fully regulated marketplace for trading NFTs, is thrilled to announce the issuance of 10,000 limited Keycards with lifetime utilities to all Keycard holders. The Keycard is an investment in the future and ensures users access to special benefits on the platform.

Moon.Art Releases The First Wave of The Fully Regulated, Eco-friendly and Community Driven NFT-Marketplace - 1

The NFT market is currently worth more than $40 billion and is estimated to exceed 80 billion dollars by 2025 and also hit a staggering $3.5 trillion by 2030. Statistically, this shows that the NFT market has covered a remarkable distance since 2014 and it’s getting more recognition day by day. Despite the growing excitement for this nascent market with significant potential, many problems continue to plague the existing marketplaces. Some of these problems include no regulated environment (no KYC and AML), no user-friendly multi-chain solution, security breaches, notoriously high transaction costs for trading NFTs, energy wastage, and more.

Thankfully, Moon.Art is providing a fully regulated, eco-friendly and community driven NFT marketplace that’s welcoming for every user. With the introduction of Moon.Art NFT marketplace, users can buy, sell, and discover unique digital assets in a simple, compliant, and eco-friendly way.

The futuristic NFT marketplace

A maximum of 10,000 Keycards will be available to mint on the Ethereum blockchain as an ERC721A token. Holders can leverage the Keycard’s special lifetime benefits when trading NFTs on the platform. This means that Keycard holders will receive a 50% discount on trading fees on the Moon.Art marketplace and for every additional Keycard in a user’s wallet, Moon.Art will minimize the trading fees by 5% until it reaches zero. Not just that, 50% of the income from the trading fees on the platform will be allocated to all Keycard holders and they will get pre-access to the beta version of the Moon.Art marketplace.

Moon.Art intends to become the first fully regulated NFT marketplace inside the EEA. The primary regulatory model is its implementation of Know Your Customer (KYC) and Anti Money Laundering (AML) mechanisms to protect users from money laundering, fraud and other illicit activities – a common problem across different NFT platforms and communities. These measures help to provide a proper structure to the NFT market and ensure the protection of assets for both the buyers and sellers of NFTs.

Moon.Art sets itself apart from other NFT marketplaces via its ‘‘Green NFT” project. The platform aims to prevent a bad carbon footprint due to energy wastage, by balancing carbon dioxide emissions of the platform with carbon offsets. To achieve the most eco-friendly solutions on its platform, Moon.Art will be supporting climate protection projects aimed at reducing the amount of CO2 in the atmosphere. This strategic step will feature only international projects that reach the specifications of the Verified Carbon Standard.

With the user-friendly platform, users can purchase NFTs via the Ethereum blockchain as well as via other blockchain networks like Cardano, Polygon or the Binance Smart Chain. They can pay for the Non-Fungible Tokens on Moon.Art not only with Ethereum (ETH) but also with many other tokens, as well as FIAT currencies.

Moreover, users can trade NFTs on Moon.Art by paying the set price offers or by rejecting and bidding on price lists. Non-Fungible Token trades are made by users who either connect their crypto wallet to the platform or have created an account with an associated wallet on the platform – Custodian Service.

Notably, Moon.Art will not charge a fee to list or mint an NFT. Asides from offering competitive rates on its transaction fee as well as amazing discounts to encourage investors, Moon.Art also employs a mechanism known as lazy minting. This method is used to protect NFT creators from having to pay minting fees on NFTs that do not sell. It involves storing an NFT off-chain and only bringing the NFT to the blockchain when the first purchase or transfer has been made. This way, creators can save money on transaction costs that would otherwise have been spent on minting NFTs that do not sell.