Tuesday, 29 March 2022 01:25 PM
Product Announcements
Creator-Friendly Launchpad Allows Anyone to Create, Mint and Sell Generative NFT Collections
NEW YORK, NY / ACCESSWIRE / March 29, 2022 / Burnt Finance, the first fully-decentralized NFT marketplace built on Solana, has officially released Burnt Finance Launchpad, a no-code platform which allows anyone, anywhere to create, mint, and sell a generative NFT collection by simply uploading layers, traits, and rarities. Once the layers are uploaded, users can easily generate a collection of pieces at the click of a button. The Launchpad product is the one-stop shop for NFT creators who wish to easily and intuitively launch NFT collections in a cost-effective manner.
Interest and adoption of NFT assets has continued to rise since the start of 2021 - Google Trends data suggests that NFT interest increased roughly one hundred fold over the course of 2021. Such interest has manifested into growing institutional adoption, mainstream media mentions, and widespread intrigue in this rapidly-changing asset class. Despite that, there are still many barriers to entry for creators that have hampered the progress, growth and decentralization of NFTs as a technology. These roadblocks include applying for approval - which is antithetical to the reason and need for blockchain technology - high gas fee costs on most layer-1 chains, and listing fees charged by NFT marketplaces price out cost-sensitive creators. On top of this, creating an NFT collection from scratch currently requires vast technical knowledge of smart contracts, wallet integrations, and mint mechanics.
"Burnt Finance Launchpad will bridge the gap between the vast possibilities of NFTs and the aspirations of creators which have been frequently impeded by complex technical requirements and high costs," said founder Burnt Banksy. "As it stands, centralized entities maintain much of the power regarding who and what can be created in the NFT ecosystem. Burnt Finance is breaking this paradigm with its Launchpad product, which allows creators worldwide to easily create generative NFT collections and digital assets with no transaction fees."
To kick-off the release of Launchpad, Burnt Finance will be partnering with Project Serum, a decentralized exchange and liquidity infrastructure layer for protocols built on the Solana blockchain, to launch a variety of Serum generative NFT collections. Serum will function as the liquidity infrastructure for Burnt Finance, enabling near instantaneous transactions.
JHL, contributor to Project Serum, commented on today's news, "Serum places an emphasis on providing resources to best position users for success, a belief that is shared by the Burnt Finance team. The Launchpad platform is user-centric, giving users full control over the full life cycle of the NFTs, and allows them to create collections in just a few simple clicks. Serum provides the tooling necessary for other protocols to exponentially advance the DeFi community and it's exciting to see platforms like Burnt Finance take full advantage of what Serum has to offer. Burnt Finance Launchpad is leading the charge in onboarding a new wave of creators into Solana's NFT community, and I am looking forward to what comes next."
The Launchpad will be accessible to anyone with a Web3 wallet (currently supporting Phantom, Solflare, and Math Wallet).
Check out Burnt Finance Launchpad here: https://app.burnt.com
About Burnt Finance
Burnt Finance is building the decentralized future for Web3 assets. Burnt allows users to take auctions into their own hands, enabling the minting and trading of any NFT in an entirely permissionless ecosystem. The platform can support auctions for NFTs, digital assets, and much more. Built on Solana, Burnt is able to achieve the fastest transaction speeds with negligible fees.
Keep in touch with Burnt Finance on: Twitter, Discord, and Telegram
About Serum
Project Serum is a decentralized exchange and liquidity infrastructure platform for DeFi protocols built on the Solana blockchain. It offers an on-chain central limit order book (CLOB) that gives developers access to matching services and shared liquidity across all protocols built on Serum.
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SOURCE: Burnt Finance