NFTs Can Bring the Real World On-Chain
Monnfts helps creators mint and auction their digital artworks as NFTs on the BSC blockchain. As collectors bid, they fuel a new system of value for online expression.
Every digital creation available through Monnfts is an authentic and truly unique digital creation, signed and issued by the creator — made possible by blockchain technology. Even if the digital creation is copied, it won’t be the authentic and originally signed version.
Our team is founded by a passionate group of veteran technologists and creators who’ve seen first hand the inequality in the immense value created by digital creators, and what they actually make. Our goal is to change that.
The Monster Token (MON)
Monnfts is a creator-centric NFT marketplace and issuance platform that utilizes the Monster token (MON) to empower users who actively interact with the protocol.
Users on the Monnfts platform can easily create non-fungible tokens (NFTs) for unique digital items like artworks. The platform offers users a fully-featured marketplace that is filtered and sorted using different categories to create a smooth and easy user experience.
Anyone can create and post NFTs on the Monnfts marketplace. The MON token is a fundamental pillar of the platform as it is used to reward active users and for participating in the governance of the protocol.
How It Works
Creators are invited to join Monnfts by members of the community. Once you’ve received an invite, you’ll need to set up a MetaMask wallet with BNB before you can create an artist profile and mint an NFT — which means uploading your JPG, PNG, or video file to IPFS, a decentralized peer-to-peer storage network. It will then be an NFT you can price in MON and put up for auction on Monnfts.
Creators receive 85% of the final sale price. If the piece is resold on Monnfts (or OpenSea and Rarible), a 10% royalty goes back to the wallet that originally minted the NFT — in perpetuity.
On Monnfts, anyone can create a profile to start collecting NFTs. All you’ll need is a MetaMask wallet and BNB, the cryptocurrency used to pay for all transactions on Binance Smart Chain (BSC). Artists list NFTs for auction at a reserve price, and once the first bid is placed, a 24-hour auction countdown begins. If a bid is placed within the last 15 minutes, the auction extends for another 15 minutes.
When you win an auction and claim the NFT, the artwork gets transferred to your wallet and appears on your Monnfts collector profile. You can also then display it in your virtual gallery, share it on social media, sell it later on the secondary market, or pioneer a new approach to appreciating digital art and championing the artists in your collection.
The Monnfts team is comprised of blockchain architects, full stack devs and marketers. For privacy reasons, our team prefers to remain anonymous.
Our team brings together leading talent from the crypto and creative communities, to the cultural realm. In our spare time, we also design apparel, produce electronic music, paint, make films, and curate museum exhibitions.
With a renewed focus and mission to bring peer-to-peer commerce with NFTs and decentralized finance to the masses, we believe we are better positioned than ever before to unlock multiple billion dollar opportunities for the mainstream. While we are starting with users that already have basic understandings of cryptocurrency that already number in the millions, we will aggressively begin targeting mainstream users this year. In the next several years, our products will cross the chasm and our ambitions are to amass hundreds of millions of users using Monnfts Market by our Monster Token (MON).