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TofuNFT Marketplace Finds Success After Rebranding

TofuNFT Marketplace Finds Success After Rebranding

NFT marketplace on BSC attracted 125% more users in seven days

TofuNFT is a recently rebranded NFT marketplace on Binance Smart Chain that has seen quite an uptick in activity. Formerly SCV NFT Market, TofuNFT attracted close to 20.000 unique active wallets in the past week, a boost of 125% in seven days. 

We’ve seen in the past that rebranding can work miracles, even though only a name change is never enough. In addition to the recent rebranding efforts, TofuNFT is actively researching ways to reach a more global audience. 

Yesterday, the marketplace announced its Polygon integration. By introducing the marketplace to a completely new protocol, TofuNFT is expanding its reach. This strategy looks to be working. Combined with the new look and feel of the marketplace, the platform has seen a steady increase in unique active wallets interacting with its smart contracts. 

For TofuNFT the spike in its recent activity also reflected on the number of transactions the marketplace processed. In the past seven days, TofuNFT processed 89.080 transactions, generating more than $14 million in trading volume. 

TofuNFT Features

While SCV NFT Market combined DeFi and NFT marketplace features, with the rebranding TofuNFT became a solely NFT-focused platform. The revamped marketplace launched its beta version in September this year, and has been releasing new features and functionalities ever since. 

Towards the end of November, the team had released the full functionality of the new NFT marketplace. With V2, users benefit from gas-free listings for both fixed price and auction pieces. Additionally, the final updates of the marketplace now allow creators and collectors to purchase and upload NFTs with price tags in multiple currencies. 

Looking to the future

Thanks to its expansive mission TofuNFT is positioning itself as a market leader on BSC, and perhaps soon on Polygon as well. At the time of writing, the dapp ranks second in the weekly DappRadar Top BSC Marketplaces charts. 

Importantly, the revamped dapp beats long-standing competitors like NFTrade and AirNFTs. In the past month alone, the marketplace attracted upwards of $20 million in trading volume. The platform attracted close to 30.000 unique user wallets. 

DappRadar will continue monitoring TofuNFT as the dapp develops its ecosystem and protocol support. If you want to learn more about NFTs on Binance Smart Chain, follow DappRadar on Twitter, and join our Discord for the latest news.   

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