Vemate App Enhancements: Navigating the Bear Market with Advanced Features
Introduction
In the ever-evolving world of NFTs, staying ahead of the curve is crucial. Vemate, known for its robust analytics and price alarms for the VeVe licensed NFT marketplace, has rolled out a series of innovative updates during the bear market. Leveraging its API access from VeVe, Vemate has enhanced user experience and functionality. Let’s dive into these exciting new features.
VeVe Auction View
Understanding the dynamics of VeVe NFT auctions is key for any collector or investor. Vemate’s VeVe Auction View provides a comprehensive overview, allowing users to analyse ongoing auctions with ease. This tool is a game changer for making informed bidding decisions. You can now access both collectibles and Comic Book Auctions and review them at a glance and with ease.
Daily Gainer and Loser — User Portfolio
Staying updated with the performance of your NFT portfolio is now simpler with Vemate’s Daily Gainer and Loser feature. This personalised insight keeps users informed about the day-to-day value changes of their holdings. The upcoming enhancement will categorise gains and losses separately for Comics and Collectibles, providing more tailored analytics.
Global Daily Gainer and Loser
Expanding its analytics horizon, Vemate will soon introduce a Global Daily Gainer and Loser feature. This will offer a broader market perspective, segmented by Comics and Collectibles, enabling users to gauge market trends beyond their personal portfolio.
Enhanced Global Mint Alarm
Vemate’s upgraded Global Mint Alarm now allows users to set multiple, separate mint number alarms for the same VeVe NFT. This customization eliminates the inconvenience of spam from mint interval alarms and adds a layer of precision to your alert system.
Color-Coded NFT Rarity
Navigating through VeVe NFTs is now more intuitive with color-coded outlines based on rarity levels. This visual aid enhances user experience by allowing quick and easy identification of NFTs in your collection.
Tertiary Marketplace Concept
Vemate is not just stopping at analytics. With 90% of the code developed for the Tertiary Marketplace, users can now access additional marketplace information like Editions in Circulation, Market Cap, Remaining Editions, and Burned Editions. The integration of IMX-powered data will soon provide transaction details for each NFT on the VeVe primary and secondary marketplaces.
IMX Importation and Premium Validation
To streamline the process of portfolio management, Vemate is introducing IMX importation along with premium validation. This enhancement will make the automatic importation of users’ wallets more efficient and user-friendly.
User Interaction in the Tertiary Marketplace
In the Tertiary Marketplace, Vemate is setting the stage for enhanced user interaction. Users will have the option to chat and make offers for items in their wallets, enhancing the community aspect of NFT trading. The choice between public usernames and private wallet addresses adds a layer of privacy and flexibility.
Conclusion
Vemate continues to push the boundaries in the world of VeVe NFT analytics and trading. With these new functionalities, users can enjoy a more comprehensive, efficient, and interactive experience on the VeVe marketplace. Stay tuned for more updates as Vemate keeps innovating in the dynamic NFT landscape.
2nd Stage Platform — Revolutionising NFT Ownership: Vemate’s Second Stage Platform for NFT Fractionalization
Introduction
The Vemate project is taking a giant leap forward with its second stage platform, a revolutionary concept in the world of NFTs. This new platform is designed to bridge the gap between the vast crypto market and the burgeoning NFT sector, making it accessible for a wider audience. Here, we delve into the intricate workings of this pioneering platform, which is due to be launched shortly.
The Three Pillars of the Platform:
1. NFT Marketplace
- The marketplace smart contract encompasses an array of functionalities including buying, selling, bidding, and listing NFTs.
- It supports both ERC-721 and ERC-1155 standards, incorporates creator royalties, marketplace fees, and features like an English auction and bulk transactions.
2. NFT Fractionalization
- The platform allows creators to fractionalize their NFTs, offering a unique approach where each NFT can have as many fractions as they would like;
- This system significantly lowers the entry barrier for crypto users to engage with NFTs, enhancing market liquidity and artist exposure.
3. AMM (DEX) for Listing Fractionalized NFTs
- The AMM (Automated Market Maker) integrates Pancakeswap V2 contracts and liquidity router contracts.
- It provides a seamless environment for trading fractionalized NFT tokens, fostering a dynamic and accessible market.
Case Study
An NFT artist/owner, utilises the platform to fractionalize their 100 NFT collection into 100 million fractions (the equivalent of 1 million fractions per NFT). After listing the fractions on the DEX, these NFTs can be redeemed from the vault in exchange for 1 million fractions each, with a unique configuration allowing the final NFT out of the 100 to remain as collateral. This mechanism ensures a steady increase in both fraction and NFT value with each redemption of an NFT from the vault. Each million fractions will be subjected to a burn of minimum 50% up to 100% of the amount as the artist/owner configures upon fractionalization. The unburned amount would be returned to the ecosystem through staking and other reward mechanisms.
Platform Advantages
1. Increased Accessibility
- The platform aims to attract the 300 million crypto users to the NFT market by simplifying the entry process and providing a familiar trading environment.
2. Educational and Analytical Tools
- To assist new users transitioning into NFT trading, the platform will feature an automated educational assistant, informational and analytical databases, alongside traditional NFT marketplace functionalities.
3. Economic and Security Benefits
- Artists can generate hype and increased visibility for their work through fractionalization.
- The platform enforces a burning policy for fractional tokens and integrates a reward/staking system, creating a deflationary process and enhancing market stability.
4. Comprehensive Ecosystem for Creators
- Creators have access to marketing tools, partners, and the ability to create audited smart contracts and NFT fractions with ease, further personalising and enhancing the utilities of their ecosystem.
Conclusion
Vemate’s second stage platform presents a transformative approach to NFT ownership and trading. By merging the realms of crypto and NFTs, it promises to unlock new potentials in digital asset creation, management and trading, making it an exciting development for artists, traders, and the broader community.
