We are pleased to announce our next AMA on May 26th 2021 at 03:00 PM UTC Time: Satoshi Club x NFTify
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join NFTify Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. NFTify Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about NFTify
For more details:
NFTify Website – nftify.network
NFTify Telegram – @nftify_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
NFTify chose to build on PolkaFoundry, so What is PolkaFoundry? What is so special about PolkaFoundry that attracts NFTify while so many projects choose to build in BSC or Ethereum?
The ubiquity of social media has made it easier than ever to promote artwork worldwide, but digital goods are also more vulnerable to theft and, a growing problem, imitation. How did NFTify make NFT Copyright Protection?
It is good to identify to the fact that one of nftify’s major attraction point is that it creates an environment where big and small businesses or enterprises can build their own branding for selling, issuing and trading their own nft. Can you please give us the requirements they must possess to qualify for this?
NFTify was created to provide a place to build an influential NFT market and brand. We have built the NFT Shopify, with a difference. At NFTify, NFT stores operate at the convergence of the nextgen blockchain and the Web 3. Why choose NFTify? How is this platform different from digital e-commerce marketplaces?
From the art world to sports, an alarming rise in counterfeits over the past decade has been destroying the value of collectibles markets. Non-fungible tokens (NFTs) are returning value to the collectibles market by providing a transparent and traceable record of the authenticity of a digital asset. NFTify adds even more value to digital collectibles with its artificial intelligence services to help protect copyrights and other attributes of NFT. But how does your copyright protection mechanism essentially work?
NFTify brings together all the aspects that have been identified as the most influential in the expansion of the e-commerce market: highly targeted, customer-centric marketing, self-learning search and matchmaking tools, and protection of intellectual property rights. Can you tell us about each of these features that NFTify offers to its users and investors?
What allows NFTify to offer creators developing their NFT marketplace with lower investment than other platforms, while keeping potential revenues high?
How strict and secure is the copyright protection that NFTify offers to creators? How difficult would it be to copy or steal a design?
NFTify has developed an AI Service, The AI services are built into the back end of NFTify and help users detect: fakes, duplicates or similar tokens, thereby enhancing copyright protection. Artificial intelligence (AI) relies on quality Data, So my question is how is these Data gathered, what is the source and quality of the Data? How is the AI integrated in NFTify ecosystem to enhancing copyright protection and supervised inappropriate NFT content? Thank you.
NFTify is primed to step into Shopify’s shoes and traverse this new frontier of online shopping on web3 and has the foresight to build its business on a parachain that will allow for cross-chain compatibility of assets. What positive impact would this development bring to NFTify ecosystem? What benefits will it bring to the ecosystem and community users?
NFTify recently announced it’s strategic partnership with DAO Maker, where users can learn about NFTify and unlock rewards and stacking opportunities on DAO Maker. What are the benefits of this partnership to NFTify ecosystem? How can users learn, earn rewards and participate in the stacking opportunities on DAO Maker? Thank you.
We know that the NFT market is a wide market to which many people and business media have appealed, the drastic change that the world had due to the sudden crisis of covid-19 where many have been economically affected, resorting to new methods to save their lives. economy since they had no other, since the non-fungible tokens (NFT) are included many either through blockchain projects or some type of token exchange market or a game, my question is what has contributed the NFT to the world economy? How have you achieved that stability and make the NFT a market where many can resort temporarily or simply make this a new source of income to give that boost to your capital and maintain the stability of your business or company?
It is stated that users can create their own NFT store without coding and have their own market without spending a coin for development cost on NFTify, this is quite attractive I must say, so how will the creation of NFT’s on NFTify be, how will it be done, will it be a drag and drop process, and what will be the required knowledge from users who intend to create and own NFT stores on NFTify
NFTify is said to run on PolkaFoundry, Which is a quite popular one-stop dApp factory on polkadot, and it is believed that this will bring advanced cross-chain NFT features for NFTify platform and users who will create their NFT marketplace and brand on your platform.. what are the key advantages for NFTify building it’s platform on Polkafoundry, and what other platforms will you be integrating or working with In the future in order to improve the efficiency and functionalities if your e-commerce NFT platform.
Reading through the story of how NFTify was created, one of the challenges you mentioned that global startups and enterprises faced in tokenizing and selling of their digital assets as NFT’s, was the absence of a Shopify for NFT’s and how it would had taken them more than 20 months to create their own opensea.. How was NFTify able to build and create an e-commerce NFT platform in just about 12months, what were the key factors that accelerated the development of your platform within this timeframe and as an e-commerce NFT platform how do you intend to convince and attract top Global startups and enterprises to the idea of tokenizing and selling of their digital assets as NFT’s on NFTify
It caught my attention that one of the features the platforms offers is Customization: “NFTify helps organize the layout of your store’s appearance through themes. It also supports store owners to customize and unlimitedly extend functions via Community’s plugins”. Can you tell us more about this? How will this customization through themes be possible? Also what are Community’s plugins? What unlimitedly extend functions do they offer? Do users have to pay something to be able to make this custom changes?
Generally, companies that use NFT must use numerous certificates to make their own stores. What requirements must micro-companies meet to create their own stores through NFTify? Is it necessary to do any coding?
Detecting fake content is very difficult at the moment and authors are plagued with similar content, this is demotivating, how does NFTify help NFT authors to broadcast NFT easily and detect fake or similar content?
We know that with NFTify the market forms are quite broad, giving users the possibility of producing money with the purchase of token at low cost to be sold at a high price obtaining profits that could double or triple the user’s capital, giving many the possibility of starting over either in your business or in a company, but this trade that has had an impact on others who are dedicated to NFTs in the market, that is, practically professionals, since they feel that they are throwing their money overboard that Causes this problem , because users more dedicated to the medium feel that they lose all or part of what they invest? How could they solve this by giving the stability that these users who have been in the medium for a long time want?
NFTify mentions on its website with great importance the need to protect copyrights although it is well known that it is difficult to falsify an NFT, what use cases regarding the protection of NFTs are available for those authors who want to use NFTify?
The NFTify Network platform says that it offers NFT collectors a comfortable ecosystem to carry out transactions at low cost, what is the percentage of the cost that the NFTify Network has established for all transactions? Is there a way to simplify these costs through the use of native tokens?
Zero-coding is one of the advantages NFTify provides to users as it makes the Store creation process easier because there is no need of technical coding knowledge. With that being said, how is then the process of creating a store on NFTify if coding isn’t necessary? Also, how secure and stable will stores be without the coding part?
As we well know, it is complicated and expensive to create an NFT market, or to issue or trade an NFT. How does NFTify change this reality? What benefits does it bring to the world of NFTs? Can I broadcast and market my own NFT with just one click? What are the characteristics that NFT fulfills? How do rugs help users escape from projects?
I understand that NFTify Network uses built-in artificial intelligence to help users detect fake tokens, how is this protection against fake tokens activated and how difficult is it to detect plagiarism within the NFTify Network?
I have seen that NFTify Network preferred to develop through Polkadot to avoid high costs of fees, but there are platforms that looked for solutions in different types of blockchains, why is Polkadot the right platform for NFTify services and what have been the results that have you obtained so far thanks to this decision?
While looking at your tokenomics I saw that 25% of it is designated to “Foundation”, but when I tried to read more about this, I couldn’t find more information related to it, so, can you tell us more about it? What is the main function of this Foundation and how will it benefit not only NFTify but users as well? Also, why is this amount destined to it?
I saw several symbols in the section of Main characteristics of NFTify Network, but the figure of a chip caught my attention, What does each of these symbols that make up the project refer to and what role do the chips play in a NFTs protection platform?
It is complicated and expensive to create an NFT market, or to issue or negotiate an NFT, so the NFT markets do not grow more than a limit, how does NFTify Network solve this need and how do they promote micro-businesses or mini-stores of NFTs?
In today’s digital world, copyright is seriously the most important thing for artists / creators / merchants. What kind of intelligence do you apply to detect fake projects? Have you made any kind of improvement compared to the current system in protecting copyright? What benefits do they offer to the community in general? Are low costs part of the beneficial features of NFTify?
What would be the real cost for a small business to create its own NFT market using NFTFY?
NFTify chose to build its ecosystem with PolkaFoundry, why not choose one of the longest-running tokens on the market?
NFTIFY offers low rates, how is this possible, security and trust are not sacrificed?
NFTify allows the creation of stores with the zero cost upfront. Could you tell us more about this benefit? Because it made me wonder, if there is no cost upfront, how much will it cost to users the maintainance of their stores then? Will the maintainance cost depend on how successfull a store is or will it be a standard price set for everyone?
I saw that one of the most appealing features of NFTify is that it will offer help to NFT authors to issue NFT easily and detect fake/similar content. Could you give us more information about this AI? What kind of copyright algorithm will be on NFTify or what tools will give to authors in order for them to be able to detect copies easily?
It is complicated and expensive to create an NFT market, or to issue or trade an NFT. NFTify changes that. By using the NFTify service, be it a small business or a business, everyone can create their own brand to sell, broadcast and market their own NFT with just one click. NFTify helps organize your store appearance design through themes. How does NFTify help store owners boost their business? What are the features and plugins that NFTify offers for the community? How can I get my own market without spending anyone on development?
Nowadays there is the common saying, that your NFT mainly depends on it rarity in the crypto world before the price can be high or equally asked by bidders to buy, but me personally I believe that your NFT price should be determined by how original it is. Which of the will you go for and can you explain which of these techniques works in your platform
When we talk about intermediary, to what extent do you help reduce intermediary during transactions because now my lawyer can be an intermediary, and my lawyer maybe need when trying to acquire something from a buyer. Do you erase all intermediary around buying and selling.
There is something you called fractionalization on your platform, can you explain briefly how fractionalization works because to me it seems like an auction where you set the price you want to sell and wait upon bidders to bid before you choose the best price, is there more to it i do not understand?
How do your Balancer Liquidity Bootstrapping Pools (LBPs) works on your platform, do we provide liquidity on the NFT. What are the liquidity pools we can provide on your platform.
Do you have plans of introducing staking to your platform because due to my recent research about your platform, it seems you only want to support yield farming. What are the token that you will plan to introduce in your platform, if you endorse staking and how do you plan to create an APY that standout amidst other staking platform.
Neveren
Thinking of the range of opportunities you give people makes me give your team all the kudos but i will like you to explain more on how you help people to monetize their assets, lands and collectibles. Do you have plans of making fait currency your form of payment in your payment or it is only crypto, what are your plans for non-crypto adopters but are very much interested in your platform.
Hasta los momentos los mercados electrónicos siempre an sido limitados en muchos aspectos con las NFT que an logrado cambiar o modificar para mejorar estos limites y hacer de estos mercados algo mas fácil en cuanto a intercambios de token,también pude ver que con NFTify la seguridad es una preoridad ya que sin estos intercambios no serian nada que piensan mejorar en estos dos aspectos para revolucionar la industria?
Until now, electronic markets have always been limited in many aspects with the NFTs that have managed to change or modify to improve these limits and make these markets something easier in terms of token exchanges, I could also see that with NFTify security is a preority since without these exchanges there would be nothing that they think to improve in these two aspects to revolutionize the industry?
One of the things that worries me the most as a beginner is the ease of using the project platforms, do you think your platform is simple enough to use so that we beginners looking for projects do not struggle with that?
What is your strategy to protect the copyright of artists and creators? And what do you intend to apply when creators plan to upload something that is fake or plagiarized to their platform?
In theory, anyone can create an NFT of a digital art object and put it up for sale. This poses a danger to artists. But NFTify provides Copyright Protection with built-in AI. I would like to know more about how this technology works. What does it consist of, how does it work and who carries it out? Is this technology developed by you?
NFTifiy is Built on PolkaFoundry for Polkadot, but what are the reasons why you chose to build your project on Polkadot and not on other chains like Ethereum or Binance Smart Chain? What are the advantages of using Polkadot?
I was researching your website and came across the NFTify products / platform section, but it is not available yet. I would like to know more about this incorporation and the benefits it will bring to the project. Can you give us more details about the NFTify platform?
NFTify allows small businesses to create their own NFT store, but if I’m not mistaken NFTify doesn’t have its own NFT store. Have you thought about opening your own store of varied NFTs? Do you plan to carry out this idea in the future?
On May 14, you announced a great strategic partnership with a great project like DAO Maker. I would like to know what have been the benefits and advantages that you have obtained as a result of this association. Also, do you plan to announce more strategic partnerships soon?
According to your roadmap in Q4 you plan to integrate encryption, compression and transcode services. I think these are very technical terms for the basic understanding of the community and I would like you to tell us a little about this, what is the purpose of these changes? what will this provide for the project and how will it benefit you?
To deal with copyright issues you use AI, but what happens if someone is copying the work of an artist from an external platform? Is there a way to prevent users from selling NFTs that might be copied from other sources?
On your website you mention that users can have their own market without spending a coin for development cost. Does that mean that is free to setup a store? If so, then how does NFTify generate revenues?
Copyright is very important for artists, even more when it’s all digital. So how accurate is your AI technology to identify copied content? If someone claims that his or her content has been copied, how do you make sure that the complaint is legit and it’s not someone trying to sabotage an artist’s work?
Does NFTify have prototypes that you can offer to NFT developers or do you simply allow developers to create their own NFTs as they wish? Also, can you tell us if you have a methodology to evaluate these NFTs and identify the fair value of each one?
the NFT market is very competitive and there are many projects that offer great opportunities and ways to generate profits with very few steps and in a short time, so I would like to know, what makes NFTify have chances to compete with the rest of the projects, what are the features that make you a unique and valuable platform for users?
How prepared do you consider the NFTify team is to face any inconvenience that may arise in the future, could you tell us about this particular issue and introduce each one of them, also could you tell us what responsibilities they have within the project and so far how efficient they have been in their performance?
tell us about the scalability potential of your project, what elements, tools and partnerships will allow you to continue to grow and turn your products into opportunities in which users will want to participate not only now but also in the long term?
One of the token utilities is the Platform Governance. Can you tell us what will be the main roles of the NFTify governance? What are the conditions to be able to have a vote in the decisions of the governance?
On your whitepaper you explain that in the future the ERC20 NFTify token can be exchanged for the native NFTify token at the rate of 1 for 1. Is this swap necessary? Is that a form of avoiding the high fees of the Ethereum network? When will the swap be available to execute?
I noticed that NFTify has partnered with some crypto projects like Mantra DAO and DAO Maker. Would you share with us which has been the most important partnership until now? What are some of the more significant plans you are working on with your partners?
NFTify gives an opportunity to small enterprises to own their own NFTs and open their own shops cost-free. One of the features of these shops are it is customizable. Do you personally think that a store’s appearance attracts more customers? Are the designs for customization free or do they have fees?
NFTify is built on Polkadot because you said that it is to overcome the limitation on Ethereum. Why did you choose Polkadot aside from other networks which also offers low cost fees like BSC?
Based on your website, opening a shop doesn’t need a single coin and is totally cost-free. Where will NFTify get the fund to support the development of these shops?
One of the main goal of NFTify is to be a platform to provide a NFT in lower costs and what are your plan to achieve this? What are the fees for minting NFTs in your platform and how low is it compare to other platforms. Also mention the business revenue model to sustain your project in the long run?
NFTify provides built-in AI services to help users detect fake, duplicates or similar tokens, hence enhancing copyright protection.Can you explain how does AI works in your platform? How can we assure that the AI service is reliable and accurate? Since it is built-in, how will users know that he already have an access to this AI services? How can a users utilized this AI? Thank you
Where does NFTIFY see itself in the long term?
What was the biggest hurdle in making this project a success
How fast can NFTIFY absorb the current NFT market?
Even as NFTify describes the ease of it’s NFT store building service as been “a click away”, the major determinant to a digital store’s success is how well it converts through direct and indirect sales. Therefore, above helping with easing the technologies involved with an NFT store build, how will NFTify ensure that the most basic store build will guarantee a certain level of scalability as well as integrations and plug-ins that generate a reasonable level of conversions and sales, and to what level of freedom would NFTify allow users to build?
Will there be any plans to go cross chain in future?
NFTify has an outstanding list of investors and partners ranging from art, finance, business and tech and with all this comes the promise of cutting edge and premium service and product offerings for small business and private users. However going through your site and trying to access most of your services I noticed that they aren’t yet live and still under development. Therefore, how will NFTify balance service delivery with consumer expectations, considering the competitive nature of the NFT market, and how will it efficiently handle promotions and marketing in the long-term?
Hi NFTify!
NFTify will allow small businesses to create their own NFT stores and will help NFT authors easily issue NFTs. Current NFT space has a pain point when preventing fakes and copyright infringement cases with so many users being able to mint stolen copies. I wonder how NFTify plans to detect fake and copied content to make sure original artists are copyright protected?
Hi NFTify!
NFTify promises exciting customization possibilities where store owners will be able to organize the layout of their store’s through themes. It will also allow store owners to customize and extend functions via plugins. Please tell us more, will these plugins be sold or free? Will plugin development be limited to NFTify team or any user with coding skill will be able to offer their plugins on the platform? How do you make sure the plugin system does not open a security hole and allow hacking or misuse of the platform?
Hi NFTify!
NFTify is built on POLKAFOUNDRY to overcome the limitations of Ethereum. As we know PolkaFoundry is a substrate-based parachain optimized for NFT and DeFi apps in the Polkadot ecosystem. Does this mean NFTify will not need to win a parachain auction by itself? What will happen with the project if POLKAFOUNDRY fails to win a parachain auction in the future? Will NFTify have to migrate to a different parachian in that case? How resource consuming may that be and will it possibly negatively affect users if this case comes to life?
NFTify is a platform where people can create an NFT store without coding. How does the system work? Do you mean everyone even without background knowledge programmer can use your platform? What other benefit by using NFTify?
I read from your whitepaper, NFTly will integrate Defi features including lending, staking, and more. How does your lending and staking mechanism work I’m NFTly? To use your feature, do we need KYC?
When we talk about design, art, etc in digital World, there must be an issue about Copyright issue. How NFTly project try to manage problem about copyright? How your system detect copy paste design and art?
what is the history of the NFT?
is NTFify a form of NFT that will help the market?
What would you say to the Hispanic American community to join NFTify?