The trading volume for NFTs in March of this year exceeded $2 billion, indicating that the market is recovering and attracting new investors, traders, and artists. This explosive growth was largely driven by the launch of new marketplaces and the revision of commission policies by leading trading platforms. However, the issue of fees, commissions, and support for NFT creators remains unresolved. Many creators complain about the lack of loyalty from marketplaces and that some platforms make commission payments optional, hindering the proper monetization of their work. The new NFT marketplace, Love Power Marketplace, aims to address these and other issues faced by NFT creators.
Buy, Sell, Store
Love Power Marketplace was created by an initiative group of artists and collectors from around the world. The idea was to establish a fundamentally new platform that would offer more opportunities and support for NFT creators rather than catering to speculators, as is often the case on most marketplaces today.
“We weighed all the pros and cons, studied the market, and realized that marketplaces today focus more on their own profit and tend to favor speculators. We, on the other hand, are primarily focused on supporting the NFT creator community and are determined to make the world a better place by filling it with beauty,” commented the company.
In the initial phase of development, Love Power Marketplace offers users features for buying, selling, minting, and storing non-fungible tokens (NFTs) in their wallets and personal accounts.
Love Power Marketplace
The primary means of payment on the platform will be the ecosystem’s native token, LOVE, which is already available on the decentralized platform Uniswap. The token will later be listed on a centralized exchange.
“Currently, NFT purchases on our marketplace are available for LOVE tokens. The fees are somewhat lower than the market average, making our platform more attractive to both novice and professional traders. Additionally, we are constantly expanding our community of artists, designers, illustrators, and other creators to continually update the display with new NFTs,” commented the company.
Users can now purchase non-fungible tokens from the in-house Love Power NFT collection, which was previously available only on OpenSea and Rarible, as well as NFTs from other collections.
To start trading, connect your MetaMask wallet or any other wallet, go through a brief authorization process, and you can begin making purchases. After payment, the NFTs will be displayed in your wallet or user account.
“Our marketplace features a simple yet intuitive design, quick order processing, and ongoing community support. Even inexperienced traders and NFT creators can understand the trading platform’s functionality within minutes,” said Love Power Marketplace.
Lotteries and Support for NFT Creators
In addition to comprehensive support for traders, Love Power Marketplace helps non-fungible token creators present their work to consumers without intermediaries. The platform also actively encourages active creators by organizing contests.
“Last year, we held a contest among our community and awarded prizes totaling 1.5 ETH. These funds were used to support artists who demonstrated high activity on the platform,” said Love Power Marketplace.
This year, developers plan to hold regular lotteries for NFT creators to help and motivate them to produce more content: from digital paintings and illustrations to virtual models, music, and videos.
It’s worth noting that Love Power Ecosystem is actively working on building its own community of artists, open to both professional and emerging artists.
Charity and Patronage
An important aspect is that the developers of Love Power Marketplace focus primarily on supporting artists rather than monetization and direct profit. Thus, the creators decided to launch their own charitable initiative.
“A portion of the funds from the sale of NFTs on our platform will go towards supporting emerging artists, as it’s very challenging for them to break into the market and compete with more experienced peers,” said the company.
Support will be provided in the form of payments in LOVE tokens, which can be used to support their work, market on the platform, and for training.
Learn more about the opportunities on Love Power Marketplace through the platform’s website or the company’s social media channels.
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
