NFTs are more than a piece of digital art. They are an asset that exists on the decentralized blockchain.
So, how does an asset go from being just art to an NFT? One word. Minting.
Minting is the process of digital art taking its place on the blockchain and can be likened to the process a metal coin goes through before it is made available to the public via circulation. Once an NFT becomes minted, it can be purchased and traded in the online market and tracked online as it is sold and later resold, making its way through various collectors. However, while NFTs were created to give artists a new opportunity to distribute their work and allow project owners to create engaged communities, the process of initiating this type of project has proven to be daunting to many.
The Idexo team has already made a name for themselves with their solution to simplify the process to mint NFTs across two blockchains with only one line of code through using its software development kit (SDK) while also improving the way teams can grow online communities through its CDK.
Greg Marlin, the CEO and CTO shares,
“Idexo has set out from the beginning to create the easiest and simplest way to do anything with blockchain features such as NFTs. We thought we did pretty well with one line of code to develop and later minting with simple commands on things like Twitter. This self-serve SaaS product takes it to the next level. Anyone can get up and running building the foundations of sophisticated NFT applications, games, marketing campaigns and more in a few minutes, with no coding required at all in most cases, and simple well-documented integrations for those who code.”
As a result, Idexo has become the first platform to enable users to mint NFTs from the Telegram messenger, using just a bot command. Alternatively, users could mint their NFTs on Twitter simply by sending a tweet. By removing this barrier, the NFT community has since been positioned to grow at an accelerated pace.
Starting with some SaaS
Those interested in the offering may pay a monthly fee for access to these planning and management tools, previously mentioned integrations and various blockchains, whether this is Avalanche (AVAX), Binance Smart Chain (BSC), Fantom (FTM), Polygon (MATIC), Arweave (AR) or otherwise. Fees for blockchain transactions will be based on stable pricing depending on the method in consideration, meaning pricing will be consistent if it is quoted in a stablecoin or another cryptocurrency.
Perhaps, the most appealing feature is that no prior knowledge of the blockchain is needed. In fact, users don’t even need to have a blockchain wallet. The Idexo team has designed the entire experience to focus on the user, thereby making the process so simple that anyone engaging with the platform may never be aware of the underlying complexity.
Idexo’s latest offering will be made available with a free trial, enabling any user to give it a try without providing their credit card information.
There’s a lot at stake
The NFT industry is only one of the areas that Idexo aims to disrupt. Idexo has also showcased a new take on the decentralized finance (DeFi) concept of staking. With their innovative staking program, users of the Idexo token, IDO, have the opportunity to stake in a general or directional pool and earn rewards in USDT stablecoin, which are attributed to a portion of the funds that are earned through Idexo’s products, including their new software-as-a-service offering. The other way users are rewarded is through NFT’s representing their stake and a voting opportunity on roadmap directions. Idexo also has a staking program available on Ascendex and a newly released LP staking program for liquidity providers of its Wrapped Idexo Token Pool on Pancakeswap.
Speaking of the team’s roadmap, a look forward showcases several positive initiatives, including the creation of a library of templates in a SaaS offering that will be available to different industrial use cases, the introduction of the directional staking pools and an initiative called Projects by Idexo, all with the intent to empower creative entrepreneurs who can go forth and bring to life applications that truly disrupt the industry.
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