“NFT Alley Marketplace, meant to service the growing sector of NFT enthusiasts, collectors, and prospectors. It allows you to tokenize your digital collectibles or signature products like art, music, game assets etc., in order to enable secure NFT Trade”
Andrew (BSC.News):
Hi and everyone and welcome to the AMA with NFT Alley!
Today we have the Co-Founder of NFT Alley, Abhijith joining us today. Great to have you here !
Abhijith Dattatreya | NFT Alley:
Hi All! 😄 feels good to be back here. Looking forward to having an amazing AMA
Andrew (BSC.News):
Yes sounds good with us!
For those who may not be familiar, NFT Alley is a decentralized multi-chain NFT marketplace that allows users to seamlessly mint, purchase and sell digital collectables
But of course, Abhijith here will further expand on their variety of features
So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway 🙂
Abhijith Dattatreya | NFT Alley:
For sure 🙂
Andrew (BSC.News):
You ready to get started?
Abhijith Dattatreya | NFT Alley:
Let’s go🙌
Andrew (BSC.News):
Wonderful
1. Please give a brief introduction to yourself and your background
Abhijith Dattatreya | NFT Alley:
Hi All 🙂 I’m Abhijith, co founder at nft alley. I handle the product and operations aspect at NFT Alley. A bit of coding at times as well 😁.
A quick intro: I’ve worked with Fortune 500 companies to formulate their business strategies, an early NFT enthusiast and investor, I also do a bit of data analytics, AI and Machine learning.
Andrew (BSC.News):
Wow great thank you for that introduction
So being as experienced as you are…
2. What is NFT Alley? What is your overall mission of NFT Alley? Where there any problems in BSC that you were trying to solve with your platform?
Abhijith Dattatreya | NFT Alley:
NFT alley at the moment is an early stage multi chain NFT marketplace with it’s V1 mainnet live on bsc.
For our V2 we will be going live on HECO and that would set us on the path to become a true multi chain marketplace. This launch is scheduled for 23-08-2021. 😁🥳
We have achieved quite a bit of success in making the whole process simple for collectors and artists. It would cost less than 0.5$ to complete the whole process of approving and minting on nft alley. Transaction costs is less than 0.2$.
Moreover we have introduced custom minting options for NFTs which can help us further transition into NFT gaming👀
Andrew (BSC.News):
I see and is the reason for the avoidance of launching on the ETH mainnet?
With their high gas fees?
Abhijith Dattatreya | NFT Alley:
Yep, currently it costs somewhere around 50$ to 1000$ during high gas times to transact nfts on eth.
Andrew (BSC.News):
Ah yes, totally understandable
3. So how can you use NFT Alley to mint NFTs?
Abhijith Dattatreya | NFT Alley:
It’s quite simple.
Visit wizarts.nftalley.io
1. Click on connect wallet, it will automatically set up your bsc mainnet in case you haven’t done it already.
2. Set up your account with username, profile picture and your socials. In case you want to verify yourself as an artist you can click on get verified button on homepage to get your verified tag.
(bit.ly/nftalley-getverified)
3. Click on create button and upload your digital art. Add properties, price etc. Click on Mint.
Voila, you have minted your NFT😄
Do try it out @DrewtheAce and let’s know what you think😁.
Andrew (BSC.News):
Of course! I’ve been needing an NFT with my face on it haha
Abhijith Dattatreya | NFT Alley:
We might be having a use case for that very soon👀
Andrew (BSC.News):
So okay very agreeable that you have lowered the barrier of access for anyone to mint NFTs
Abhijith Dattatreya | NFT Alley:
We hope so 🙂
Andrew (BSC.News):
however…
4. Does your marketplace any collections from featured artist or big name creators in the NFT space?
Abhijith Dattatreya | NFT Alley:
We are in discussions with media houses and educational institutes to launch their tutorials as nfts! This should be a first in the space and something no one has touched upon.
To add on to that, we are focusing more on educating upcoming artists and helping them have a personal experience on our platform. We have received around 40 applications right now and we are growing at a rapid pace.🤩
Andrew (BSC.News):
Oh wow very neat! So through this education you can ensure that your platform will be able bring these upcoming artists to the market
Abhijith Dattatreya | NFT Alley:
Yup it’s a win win for both😄
Andrew (BSC.News):
So that is all wonderful but there is a question that has recently played a major part in deciding whether or not the everyday DeFi user wants to purchase an NFT
5. Do your NFTs have a use case aside from plain ownership?
Abhijith Dattatreya | NFT Alley:
Well in our platform we are going to bring loads of super cool concept for NFTs.
Use NFTs as collateral to get loans.
Use NFTs to gamble 🤯
Use NFTs to mine BEP20 tokens😳
This is just the start and we have much more coming😄
Detailed article on how we are going to incorporate NFT gaming will be out post our HECO launch😄
Andrew (BSC.News):
Wait, it is almost as if your NFTs have a functionality of a project’s native token
Abhijith Dattatreya | NFT Alley:
Yepp! And we are trying to add more use cases everyday!! 😄
Andrew (BSC.News):
Yeah that’s great!
6. Why should users utilize NFT Alley rather than other NFT platforms out there?
Abhijith Dattatreya | NFT Alley:
1. Super low fees.
2. Personal experience.
3. Enterprise grade support portals.
4. Do more with NFTs: Stake, Trade and Earn.
5. Also, we run multiple reward programs and loot boxes to incentivise people to use our platform
Andrew (BSC.News):
Very neat
So this is all great right, unique features, seamless for users and low costs
But in terms of competition
7. If a project such as Crypto Punks were to integrate to BSC, how would you be able to compete against them and drive traffic towards NFT Alley?
Abhijith Dattatreya | NFT Alley:
The more the better, we can just integrate any project once we introduce fractions. We can just make use of any nft project and use their popularity to build our own traction. You would be able to trade punks, cats and what not. A fraction of the trading fees would go to alley holders/stakers. In essence, if you hold Alley you get permanent passive income 😄
Andrew (BSC.News):
Just to unpack this. You are saying that you would be able to integrate any project into NFT Alley and be able to make money from holding Alley when you trade other NFTs?
Abhijith Dattatreya | NFT Alley:
Exactly 😄
Andrew (BSC.News):
Very very cool!
8. Where do you think the NFT market will be in 5-10 years? What part do you see NFT Alley playing in the future of the NFT market?
Abhijith Dattatreya | NFT Alley:
NFTs are just getting started. You see a lot of NFTs in the digital art space currently. This is because it was the fastest adoption use case we had in the space. NFTs have a long future ahead with other asset classes coming into the space such as music, luxury goods and rare collectibles. The concept of NFTs will extend into the real world as well, with limited edition whiskies, wines or watches being represented on the blockchain as a token. The ownership of the token guarantees the ownership of the underlying. What we see today is the foundations of NFTs being built.
What we will offer in the future?
1. AI based probabilistic models which can detect similar NFTs
2. Right now an NFT is only unique on the blockchain it was minted on. What we would do after we scale to multiple chains is create a multi chain NFT registry which will enable collectors/users to verify the authenticity across chains.
3. NFT gaming station.
Andrew (BSC.News):
Yeah for sure, 100% agreed
Do you currently have plans to expand into more chains? Maybe Solana or Polygon?
Abhijith Dattatreya | NFT Alley:
Yep. In the works 🙂
Andrew (BSC.News):
Great
And last but not least
9. Any exciting news you’d like to announce here today?
Abhijith Dattatreya | NFT Alley:
We have lots 🙂
1. Heco launch on 23-08-2021
2. LP Staking rewards coming from next week.
3. Pools for single asset staking coming soon on popular DEXes on BSC and HECO
4. Community ambassador and artist referral program starting next week.
5. NFT gaming.
6. A CEX for alley trading with loads of trading events.👀
All the above mentioned actives are planned in the next 20-30 days 🥳😬
Andrew (BSC.News):
Very exciting!
So that concludes the first portion of the AMA
Can you please send a link to your social media accounts so that our community can give you a follow?
Abhijith Dattatreya | NFT Alley:
Discord: ( loads of bounties and events on discord, do join for more fun 😄)
Medium ( for the nerds ) :
Andrew (BSC.News):
Awesome thank you!
So that wraps up this AMA. Thank you again for joining us and goodluck on your future developments for NFT Alley. Have a great day everyone! This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Source : bsc.news
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