Blockchain
All-Inclusive NFT Marketplace Niftify Announces Initial Exchange Offering of $NIFT Tokens with Synapse Network
Niftify Limited LLC, the all-inclusive NFT platform, announced the initial exchange offering (IEO) of its $NIFT tokens with cross-chain investment ecosystem Synapse Network. Currently in beta launch, the Niftify platform allows people to mint, buy, sell and swap NFTs.
Within the Niftify ecosystem, NIFT tokens are native utility tokens for the protocol and are used to incentivize actions across the system. NIFT allows users to receive discounts when paying fees. Specifically, users only pay 2.5% in fees instead of 5% when paying with other cryptocurrencies or fiat. Additionally, NIFT token balances are used to determine the level of access to special features, such as early access to new and exclusive drops, premium custom profiles, and access to “members-only” areas.
Leading up to Niftify’s IEO, Niftify will complete two pre-public sales with Synapse Network. The first, Pre-Public A, is open today, November 16, with 750,000 NIFT tokens for sale at $0.20 each. This accounts for 0.35% of Niftify’s supply. There is a hard cap of $150,000 and a $500 limit per individual with linear daily vesting over 10 months. The second sale, Pre-Public B, will take place on November 17 with 600,000 NIFT tokens available at $0.25 each. Accounting for 0.375% of Niftify’s supply, there is a hard cap of $150,000, a $1,000 limit per individual, and there will be linear daily vesting over 8 months. These token sales are in addition to tokens issued pursuant to SAFE/SAFT and subject to an emissions schedule from a prior pre-seed round in April 2021.
“We launched Niftify with the goal to create the world’s first all-inclusive platform to create, buy, sell, and swap NFTs, unlocking the true potential of the metaverse and beyond,” says Bruno Ver, co-founder and CEO of Niftify. “Our IEO will enable us to grow faster and go further in our mission to deliver on the promise of NFTs and unlock their true potential.”
Niftify is a user-friendly platform aiming to facilitate users to automate digital and physical redemptions. Unlike other platforms, creators are incentivized to mint and sell their own NFTs to benefit from the functionality of smart contracts, and also offering them the opportunity to earn royalties of all future sales of their minted NFTs by using the Etherum royalty protocol . NFTs on Niftify are also used as proof of ownership and history tracking for even physical items, as well as proof of authenticity for valuable digital and physical assets.
The sale is open to people around the world, with the exception of residents of USA, Canada, China, Iran, Libya, North Korea, Syria, Cuba, Afghanistan, and Crimea (as a part of Ukraine).
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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