Fair.xyz, a platform that allows you to create NFTs in minutes, has raised $4.5M in a funding round led by venture capital firm Eden Block. The popular NFT trading platform OpenSea has also become popular among large investors.
The startup creators came up with the idea of their development as soon as they saw the current system for creating and selling NFTs on many platforms. In their opinion, NFT trading and issuing tokens are not ideal. The key factors behind their assessment were the lack of technical knowledge and various transaction problems, including high gas fees and pushing newcomers to the space away from creating and selling their NFTs.
When creating large-scale projects, you need to deploy a smart contract, create a website, release your digital art and further promote it. On the Fair.xyz platform, the project’s creators assure you can create NFTs faster.
The gas fee will also be cheaper. The creators are confident that the commissions in the network will be lower after the merger of Ethereum, the leading blockchain for NFT projects.
