When OpenSea became dominant, Coinbase, Binance, LooksRare and others launched marketplaces to compete for market share.
As the battle for dominance continues, the marketplace is also considering hosting the NFT marketplace beyond the Ethereum blockchain. Ethereum remains the dominant host, but due to the expansion of NFT space and interest in alternative blockchains, Ethereum alternatives could effectively undermine Ethereum’s long-term dominance.
Other blockchains that are gaining traction in NFT spaces include Avalanche, Cardano (ADA), Polygon (MATIC), and Solana (SOL).
Avalanche will be a viable alternative to Ethereum in the NFT Marketplace
This week, ArtCrypted announced the launch of the ArtCryptedNFT Marketplace at Avalanche (AVAX).
Taking Twitter, Art Crypted said:
“To transform our project, we decided to create our own marketplace to build a community focused on unique 1/1 art on the @ avalancheavax blockchain.”
An avalanche is coming!
To transform our project, we decided to create our own marketplace and build a community focused on unique 1/1 art. @avalancheavax Blockchain.
— ArtcryptedMarketplace ? (@artcrypted) May 20, 2022
The ArtCrypted Marketplace further highlighted the goals of the new NFT marketplace with a series of seven tweets.
ArtCrypted aims to evolve the market by meeting the needs of the community. To achieve this, ArtCrypted aims to put artists and collectors at the center of the project and build a community driven by a passion for art.
ArtCrypted targets Latin American artists as part of its goal of providing unique art and believes in the “artist talent and potential” of the region.
ArtCrypted chose Avalanche because they believed in the future of the Avalanche project.
“Subnet technology guarantees superior performance and stability while minimizing energy costs compared to other PoW blockchains.”
ArtCrypted also pointed out an avalanche.
“It’s a very low price compared to other blockchains. Thus, artists only have to worry about creating.”
Other NFT marketplaces on the Avalanche blockchain include YetiSwap, Kalao, and NFTrade.
NFT activities in various markets of the Avalanche blockchain need to be launched for the positive pricing behavior of AVAX. Launching ArtCrypted is the first step in the right direction.
