Problem

Problems with current NFT landscape

Marketplace Clutter: The excessive number of marketplaces leads to both being unable to find the same content in different marketplaces and exhausts the user before the purchase.

Metaverse Clutter: Everyday, the landscape welcomes a new game/metaverse project with different concepts, assets, models and users easily lose track of what is of true value and what's not.

High Transaction Fees: High transaction fees not only make NFT purchase and sales processes difficult, but also pose a problem for some procedures such as bidding. Therefore, an alternative solution must be found so as to provide both market growth and faster purchase/sales processes in the long term.

Discoverability issues: With the increase in the number of the marketplaces, users started to browse a different marketplace for each different NFT. Users also needed to make significant efforts, sign up for different platforms and get used to all these platforms in order to find their desired NFT.

Complicated UX: Each new marketplace offers a new user experience. However, there are a limited number of services which really give the users what they want and enable them to easily find and buy what they search for.

Limited Payment Options: When users want to trade NFTs, they are required to be prepared for making the payments according to each marketplace’s own method of payment. It means that finding the NFT a user wants to trade is just the beginning of the purchase process.

NFT Content Cannibalization: While each marketplace is making the existing cake bigger in order to find content creators of their own, they are also dividing the existing market into too many smaller pieces. This causes the quality content to be lost in such smaller pieces.

Certification loophole: As the certification processes are not explained clearly, it is not possible to fully understand them.

Duplication: The copy listing created for 10 copies of the same product appears for 10 times due to the lack of the sales pages prepared according to the types of NFT products.

Lack of mobile solutions: With regard to the user experience, the devices which occupy a significant part of our daily lives are ignored by many blockchain projects. It has already become a general problem in the blockchain universe.

Asset valuation process: For both the buyers and the creators, NFT valuation raises a question in the minds. What would be the value of a particular NFT? We believe, this question remains to be addressed ASAP.