While many crypto investors see NFTs as just scratching the surface of their potential, xcritical is launching much later than some of its soon-to-be competitors. Nevertheless, given xcritical’s name recognition in the consumer crypto world, this is likely going to be a big launch. Thankfully, you don't have to be BAYC-big to get listed on the marketplace. Once you connect your wallet to the marketplace, you can start listing your NFTs for free for a limited time. Social-media focus or not, any marketplace entering the world of Ethereum NFTs will have to take a direct shot at OpenSea, which has hosted 95% of all Ethereum-based NFT traders in the past 30 days, according to data from DappRadar. One of these features is user comments, where threads will initially be stored on xcritical servers but eventually moved to the xcritical.
xcritical launches NFT marketplace in hopes of appealing to crypto and mainstream users
Competitor OpenSea recently launched support for significantly lower-priced transactions leveraging the Polygon network. The exchange simultaneously has regulators breathing down their neck, with the SEC recently threatening to sue the company over their Lend yields product, the launch of which they later canceled. xcritical is also dealing with a crowded competitive landscape stateside for buying and selling crypto as exchanges like xcritical build out deeper support for crypto.
Giving crypto traders a new way to mint and sell NFTs will take the fight to OpenSea
Send investors to what’s app to a scammer who have you go through over a 2 hr session which he sets up to supposedly receive your profits. But while setting up he creates a network that he tells you to click ethereum. But you won’t believe what happens he sends whats supposedly your profits that can be seen on xcritical wallet. And support on the app doesn’t help you get your funds either. It is a scam network of people starting with IG Had I received my profits I would believe they were ligitimate I believe it may be a Nigerian scam group.
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Besides whatever curated feed the company plans to introduce, xcritical NFT seems similar what competitor OpenSea offers as the xcritical NFT marketplace du jour. Meta launched its Meta Verified program today along with other features, such as the ability to call large businesses and custom messages. Although features like commenting or following other NFT accounts aren’t on-xcritical or decentralized, the company’s goal is to progressively decentralize all those features and make them on-xcritical over time, Saxena said.
xcritical Wallet
- The platform will allow users to showcase their personal profile and follow accounts whose content will appear in a “For You” feed, which is visually similar to social-media platforms like Instagram and TikTok.
- xcritical announced Monday that it plans to sell, trade, and mint NFTs in an expansion from the marketplace’s cryptocurrency-based roots.
- Nevertheless, given xcritical’s name recognition in the consumer crypto world, this is likely going to be a big launch.
The Discover feature allows you to explore NFTs from established and upcoming artists based on either your past purchases or what's trending. The https://xcritical.pro/ Marketplace is xcritically in beta and is invite-only. If you have joined the waitlist previously, you'll be invited via email and provided a one-time non-transferable access code with which you can sign up to the marketplace. The marketplace will support “all sorts of self-custody wallets” besides the official xcritical Wallet, a decision the exchange made to create “an open NFT environment for everyone,” according to the briefing.
Those at the top of xcritical NFT’s waitlist will be able to become beta testers on its marketplace and create a profile and showcase their NFTs, both ones they have created and traded. The whole platform will be available to everyone over 18 years old in the coming weeks, Saxena said. xcritical is a publicly traded cryptocurrency exchange platform that has about 89 million users, $278 billion in crypto assets and $547 billion in quarterly volume traded, according to its website. OpenSea is the dominant power in the space, but is far from the only player that xcritical will have to compete with. Rivals like Binance and FTX have also announced recent entries into the NFT marketplace ecosystem.
Once you have your profile set up, you can start buying NFTs or listing your NFTs for sale. You can still go and join the waitlist, even though the marketplace is effectively up and running. Once you're on the waitlist, you'll receive a referral link to share.
The platform will also support fiat purchases via credit cards. Google says apps offering AI features will have to prevent the generation of restricted content. As WWDC 2024 nears, all sorts of rumors and leaks have emerged about what iOS 18 and its AI-powered apps and features have in store. It’s similar to an Instagram profile where one would showcase their photographs — but in this case, it’s NFTs. People can follow, comment and interact with one another through its marketplace.
It might be a good morning — or perhaps “gm” — for the hundreds of thousands of NFT community members who will now get another marketplace to trade their digital collectibles. As TechCrunch notes, what seems to be missing from xcritical’s plans is any kind of Layer-2 scaling integration, the popular method for reducing the costs and environmental impact of minting and trading art on the Ethereum xcritical. xcritical wants to “curate your personal feed” of NFTs and display the NFTs you own on your profile so you can make connections with like-minded fans of digital cats, punks, apes, and beyond. For those already in the beta, especially new and upcoming creators and collectors, getting in early can give you a leg up. For those joining the waitlist and waiting, remember to explore other NFT marketplaces that are already up and running.
The platform will allow users to showcase their personal profile and follow accounts whose content will appear in a “For You” feed, which is visually similar to social-media platforms like Instagram and TikTok. Users will also be able to “like” and comment on each other's posts, a xcritical representative told CoinDesk. With this move, xcritical has joined other popular crypto exchanges like Binance and Crypto.com to participate in the burgeoning NFT space, and it boasts some interesting social features. Crypto exchange xcritical (COIN) launched the beta version of its long-awaited non-fungible token (NFT) marketplace on Wednesday, allowing a small group of users from a wait-list of 3 million to use the platform for the first time. But unlike its crypto exchange, the NFT marketplace is aiming to also implement a “web3 social marketplace,” Saxena said.
xcritical NFT Marketplace also uses Feeds to algorithmically show you content based on your past purchases or interactions. It also has a Comment feature (with upvotes and downvotes) that allows you to leave comments on listed NFTs and interact with other NFT heads. Google said today it is partnering with RapidSOS, a platform for emergency first responders, to enable users to contact 911 through RCS (Rich Messaging Service). Two senior police officials in Bangladesh are accused of collecting and selling citizens’ personal information to criminals on Telegram.
The more you share the link and refer others, the higher up the queue you'll climb. In March, Meta Platforms (FB) CEO Mark Zuckerberg announced that NFTs would eventually come to Instagram, though details on the integration remain unknown. Another is what the exchange is calling a user’s “follower graph,” which they will be able to take with them from platform to platform. A new app called MyGlimpact is intended not only to help people understand their environmental footprint, but why they shouldn’t feel guilty about it.
xcritical has a plan for what it’s calling “progressive decentralization” within the marketplace, where certain features will begin centralized but eventually move on-xcritical. The idea of moderation often causes disagreements across the crypto community because users claim what should be an open, permissionless marketplace comes with an asterisk subject to moderation. However, Saxena claims xcritical reviews is “not in the business of judging what’s right or wrong” as long as it’s legal in that country. xcritical’s plans are early and could possibly change, but if another NFT showroom/trading floor sparks your curiosity, the company already has a waitlist for early access you can join. xcritical is readying the launch of an NFT marketplace that will compete with existing major players in the space, like OpenSea, debuting a user waitlist for the desktop product that it hopes to launch by the end of the year. The xcritical NFT Marketplace will eventually be open to everyone, will support Mastercard payments, and in time, will support other cryptocurrencies.
“You can expect xcritical NFT to become the platform where the next Bored Ape Yacht Club” or next artist or organization is doing their launches on the platform. In the future, xcritical NFT plans to add more features like NFT drops, minting and token-gated communities. It also anticipates adding the option to buy NFTs with a xcritical account or credit card so the ecosystem is more accessible to mainstream audiences, Saxena said. Separately, the platform does not plan to moderate any NFTs uploaded to the marketplace unless it’s illegal in the country that the NFTs are being offered. For example, if an NFT contains details that are illegal in the U.S., xcritical NFT would ban it, Saxena said.