NFT aggregator Mintverse increases user base tenfold
Multichain NFT aggregator and marketplace Mintverse is finding traction on Ethereum and Binance Smart Chain, seeing its user base increase tenfold. Over the past week the number of unique active wallets increased 1,398% bringing the total to more than 5,000.
The NFT space continues to grow and grow. Underpinning the burgeoning enterprise is the ancient art of trading. It’s people trying to sell things for more than they bought them. So while there’s talk of futuristic blockchains and crypto wallets, the basic mechanics of the system are the same as they’ve always been. Very much like in real life, money makes this world go round.
People need a place to buy and sell these NFTs. So marketplaces are springing up to cater for the new generation of wheeler-dealers and whale traders.
New to the scene, Mintverse has been attracting eyeballs and active users, as shown by its stellar performance in the DappRadar Rankings. The boost in active wallets comes after Mintverse joined the Binance Incubation Program and exclusively launched the Candy Kitty NFT project.
A quick look at Mintverse’s recent rise
Mintverse launched its beta in Q4 of 2021. Since then, it’s seen steady growth. But the explosion in activity that saw it climb up the DappRadar Rankings only occurred in the past few weeks. The chart below shows activity since the beginning of 2022 and we can see that volume, user and transaction number all started climbing towards the middle of February. So what caused the recent surge?
There a few explanations for Mintverse’s recent success. On February 16th, they announced on Twitter that traders of Binopoly NFTs can claim commission rebates for 6 months. They also have various NFT PFP (profile picture) primary sales which could feeding from the current NFT hype.
Another factor playing into Mintverse’s rise is the introduction of its full-stack NFT tracking solution for Binance Smart Chain and Ethereum. This allows it to index more collections which means users can get all the information they need in one place.
The past week has been particularly impressive for Mintverse. User numbers are up 1,399%, transactions 438% and volume is up by 153%. These numbers are strong in an increasingly congested marketplace. OpenSea has maintained strong and steady numbers. LooksRare is down over the past week. And X2Y2 has seen significant growth over the past 7 days (and it’s worth finding out why).
Now that we know what’s happened to Mintverse over the past few weeks, let’s take a look at the product and what it’s currently offering.
What is Mintverse?
Mintverse is an NFT aggregator and marketplace. Within the platform, users can:
- Trade and swap NFTs
- Carry out market research
- Get access to exclusive NFT drops
- List their own NFTs, either singly or as a collection
The layout is designed for collectors, with NFT types grouped into sets. Users can trade all sorts of NFTs, from art to music, and sports to photography.
How does it work?
Users can connect to the platform with their Metamask or WalletConnect account. Once you’re in, trading is simple. Click into a collection, see the current prices and place your bid. Lot of sellers want their payment in Wrapped ETH (WETH). So this is something to plan for. You can find ETH or WETH on Ethereum, but more importantly also on BSC.
Users can easily list their projects on the market. NFTs can be listed by themselves or in collections. The UX has been designed with simplicity in mind. Anyone from seasoned veterans to n00bs will be able to follow the step-by-step process to getting their NFTs listed.
What can it do for you?
Mintverse currently supports the Binance and Ethereum blockchains. Eventually, it plans to expand to other layer-2 solutions. Layer-2 solutions are designed to process transactions away from the original Ethereum blockchain. The goal is to speed up transactions and reduce gas fees.
Similar to lots of decentralized projects, Mintverse promotes the importance of its community. To this end, the platform allows users to crowdfund NFT projects using its platform. There are also plans to launch its native token, MINTS, in the not too distant future.
The NFT Drops page has announcements for ‘exclusive NFT offerings from the world’s best creators’. These exclusive partnerships could be good to keep an eye on for anyone looking for unique NFT offerings.