Ori Levi on NFTrade’s cross-chain NFT marketplace aggregator

0:01i'm ashton addison from eventchain for investmentpitch media and the cryptocoin show and today on blockchain interviews with ori levy the ceo of nftrade ori welcome to the show thank you for taking the time to be here today hi thank you for having me you're very welcome i'm excited to dive into the world of nfts and some of the solutions that nf trade is

0:22bringing into the blockchain space right now i would love for you to just kick it off with us with a high level overview and the focus of nf trade and then we can dive into the details all right um so kind of trade started uh we started development on that last year when we first had a little exposure to nfts and the first thing that came to my mind

0:49was the uh the resemblance of nfts to game items and how i think that this will be one of the main uh the main things nfts are going to have it's uh it's it's market it's fair market share at and so the first thing that i uh kind of uh that did the marketplaces the current marketplaces or the current uh platforms

1:16are lacking was uh uh nft swaps and because i mean it with game items uh me playing counter-strike for example i was always trading my uh my different uh weapons and and skins with others one by one one for one or two for one or whatever and i could never find that feature on any of the on the

1:42of the nfv platforms and that's when i decided to uh to start nf trade and uh that was the main thing that that basically uh started it and yeah it evolved from there definitely and yeah gaming really was at the inception and still collectible cards uh is almost like a game in itself as well which has helped nfts explode in the last

2:0812 months um and but yeah that that ability to have that cross compatibility and interoperability between games and between marketplaces obviously is going to be important it's really like adding liquidity into these different marketplaces so that everything's not siloed into just one game and also just having the accessibility uh by being able to sell you know your

2:31and your nfts for example in counter-strike to any other game and be able to transfer that over so but from what i understand nf trade is more than just a a marketplace to to that has interoperability it's an aggregator and there's also the inclusion of creating nfts as well can you talk a little bit more about you know the overall scope of nf trade and what kind of solution

2:54you've built yeah so uh like i said we started with swaps but it evolved and we kind of wanted to to to create to make enough trade a one-stop shop for everything uh of the life cycle of an nft uh so right now uh you could you can also of course uh mint uh sell trade uh and uh and buy nfts on our platform you can even farm nfts uh for uh

3:23with different projects that are currently creating their own farms and their own nfts to reward their users who are holding and staking their tokens and we will also allow nft staking to to earn tokens and so um that's that's basically the main scope but nf trade real main feature is uh it it's it being an an aggregator of all

3:51the nfts uh kind of becoming the index of all the nfts from all the blockchains um so a user that's uh that wants to get information about what happened to the to that nft since its creation where it has been traded how much it was sold for all this information will eventually uh as far as much as we can if everything's

4:21on chain whatever we can track we're gonna have that information of this nft on our platform and and yeah we are creating uh a cross-chain support for uh all the blockchains we're currently live on mainnet on ethereum smart chain and avalanche which we launched at the the ladder uh two days ago

4:49yeah so we currently include three blockchains and we're adding uh more evms supported more evm based blockchains like a polygon and others that are evm based and currently working on adding the non-vm-based which is a bit more tricky but we can we can go into that bit uh later yeah definitely yeah that's great

5:18to know it's not just uh interoperability between marketplaces which there are a lot of them that are on ethereum at least but multi-chain support as well and that's really interesting that you mentioned avalanche uh you know there are a lot of nfts i've seen on ethereum and finance smart chain uh but avalanche not as many people know about the avalanche

5:39protocol but it does have a lot of functionality and it does have that ability for nfts is that something that you see as up-and-coming or already has a network effect growing in the nft space and that's the reason why you implemented it well so avalanche is uh it currently has around 10 marketplaces of nfts on it and i think that that's quite significant

6:04and this is one of the reasons why we have decided to to implement that right after ethereum um but also we we have a close connection to the avalanche team and they are actually they've been very supportive of us and they're uh we consider them as uh were basically partnered on this and so uh this is one of the main reasons why we also had a

6:31pretty quick integration with them only two weeks after we launched our um ethereal mainnet we've implemented both finance marching and and avalanche their team is is amazing they're very supportive uh now we we got all the help we needed to to make a fast implementation so i guess that's the reason these guys are are on our platform uh um basically right off the bat

6:56um yeah that's really great to know and that you're partnered and i'll definitely be looking more into avalanche nfts myself as well and one of the other blockchains that i'm curious if it's in the wheelhouse for nf trade is is the wax blockchain i know uh partners of mine that have been creating nfts on wax and they seem like that was sort of one of their primary

7:20goals was to be the you know nft worldwide asset exchange is that something that's in the wheelhouse or do you have other protocols also on the shortlist that you're looking to expand out to yeah so uh walks and floor definitely our next goals uh wax currently holds a huge market share and what they've created basically allowed nfts to be very cheap and um i mean

7:47of course you have expensive ones there as well but it really allowed the cheaper nfts and you know the the younger crowd to really be able to uh to double with with nfts and it is currently one of the one of the most popular nft networks and it's definitely our next goal

8:13it's wax and flow so flow is uh as you know dapper that they have all the nba top shots and all the others and it's kind of unfortunate that currently there is no place to really interact with them and they're they are kind of in their own world and this is what we're trying to solve and basically uh connect all of them in together and really the users should not uh really

8:43have any you know uh they shouldn't feel like they're in on different networks and um it should just be a natural thing for them to to work with all of them all definitely and i sort of see nf trade as like the erc20 standard to to bring all the nft marketplaces together to be able to trade them easily and that's actually i believe going to provide more value

9:09for each of those ones so they're not siloed projects where it's hard to uh take that value and extract it and move it into other protocols where you want to purchase other nfts or other collectibles so i'm really excited because i i saw that nf trade just launched the mainnet uh and you know you're live can you talk about the journey to the launch and you know what what's happened

9:32now that the mainnet is launched on nftrade yeah so um for me for us as a team it was really important because we're having our token sale or our public token sale at the end of the month and we've been uh working on on nf trade uh probably uh if if i look at all the projects uh that

9:59we've seen popping up uh lately and which a lot of them don't and don't really have much more than a white paper unfortunately uh for us it was really important to come out with a working product before we even uh go on on a token sale because um i've just i've seen so many projects that either don't deliver or it really takes them

10:27way too long after their token launch and so that was a race for us and we've been working on this since january this year and that there was some pre uh work done before that for the design and the setup but the actual development started january this year and and it took us uh around six months to go

10:54to go on maynet um which i think is is is a good good amount of time to actually build something that and yeah it's we've been testing it and and everything works um and right now we don't have enough the volume that we were hoping to have on our platform but that will only require some more marketing and we believe that uh eventually

11:22us having uh charging no fees for the for the first six months yeah is probably gonna gonna make uh gonna differentiate us with other marketplaces uh on top of all the other things that differentiate us definitely and that's expected when you're just launching right away you know at nft's even though it's been quite popular throughout 2021 and a lot of you know

11:49a-list celebrities and people are getting involved uh i think the everyday people there's still so many people who have never even owned an nft and traded it and we're so early on so i think that this is coming in at the right time but it's still so early on i think it's going to be growing uh huge in the next few years so i'm and i'm sure that this is a you

12:10know longer term vision for for you and your team of course i totally agree um and we're very very early like it's it's insane how early it is i've been so i just came back from the miami conference uh it was a bitcoin conference but obviously um most of the non-bitco or the non uh uh i would say crypto events were all nfts uh

12:37into several events nfts are definitely the next big thing um and everyone's very bullish on them even though the markets uh compared to what we've seen around march uh the the the volume of trades is is lower but i believe that's natural there was a big big hype and now it's settling and it's going to it's going to mature

13:04and become a lot more um yeah so a lot of new use cases are being built as we speak and i believe that we're definitely in the very very beginning of of of nfts definitely i agree and you mentioned that you have the the token launch coming up at the end of this month at the end of june 2021 and you you have already launched the main net you have a product that's

13:30working which is great and with that token launch comes the the nf trade utility token as well i'm wondering if you can touch a little bit on that utility token uh what are the main functionalities within the platform and does it create a sustainable ecosystem for the participants in nf trade yeah so um our token eventually is going to have a governance uh utility to it and

13:54everyone will be able to uh to to have to make their decisions on on to help us make the decisions on on what are on our roadmap and on on big features that we want to implement but in the short term this will allow um some discounted fees or even at this point hold holding uh enough tokens in your wallet

14:22will will even mean no fees uh for trading on our platform so these are the short term ones but the long term is is a dow governance token that's great and you mentioned shaping the roadmap up after the token launch can you give a glimpse into this you know the rest of the summer of 2021 and throughout the end of this year what are the some of the major

14:44milestones that you're looking to roll out with the nf trade platform yeah so um main main ones would be the flow and wax integrations of the block those blockchains another will be ios and android native apps another a major major one is a credit card integrations when that is something that we believe

15:12will make a huge difference if uh if we look we looked at statistics and actually uh the the mo the best performing uh marketplaces were the ones that had the ability to pay with credit cards because nfds are widely used by non-crypto people lots of art collectors are already in the game and uh they've been using their amex

15:43not not their ethereum so as soon as as we we implement that that's going to make a major difference on our volumes very cool and that's great to great to hear as well and for the viewers that are looking to follow along uh not just for the upcoming token launch but for the launch of all these blockchains and to start using nftrade and to start trading nfts and

16:05creating nfts as you can on the platform as well what's the best way for them to learn more and to get involved so first we have our medium which we try to post almost every weekday we have really great articles on it yeah and another way would be joining our telegram where they can ask anything they want and get all the latest information uh we're on telegram we're on discord

16:31and we're on twitter and we're on our website as well so check it out sounds great or i will leave all those links in the description box below all the best with the upcoming launch and the growth uh past the main net now for nf trade and let's follow up in the near future awesome