NFT marketplace OpenSea supported NFT minting platform Fair.xyz in a $4.5 million fundraising round. OpenSea, NFX, and First Minute Capital also participated in the round, while venture capital firm Eden Block led the round.
OpenSea showed its support in the $4.5 million funding round, while other investors included NFX and First Minute Capital. The firm supported Ukraine to raise money by launching its own NFT collection during the war and helped it raise $33 million.
According to Fair Founder, NFT Mint Order Is Broken!
According to Isaac Kamlisch, Isaac Bentata Chocron and Nathan Cohen, the platform’s founders and former Meta and Goldman Sachs engineers, the NFT minting scheme is broken. NFT developers’ lack of knowledge, high gas fees, and transaction failures are keeping them from creating their own NFTs.
Bentata Chocron said in an interview that there are too many no-code solutions to create a one-piece or two-piece collection.
Let’s say you want to do something on a large scale. Let this be a collection of 10 thousand pieces. You have to write a smart contract for it, create a website and fully integrate NFT into it. You have to create your art and centralize it. This is a very detailed process and a job that can take weeks even by an experienced team.
With Fair, you will be able to create an NFT Collection in Minutes
According to the founders, with the solution of NFT mint platform Fair, content creators will be able to launch their NFT collection in minutes. Apart from providing this, smart queue technology also aims to decrease the gas prices paid and unsuccessful transactions. The Fair Team aims to earn money from the NFTs to be created with these services, with a 6 percent commission from the first sales stage.
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