Nikita Ngan Nguyen-Ceo & Co-Founder of NFTify joined an AMA with Infinity Gainz to field questions from the community, sharing lots of great information about the NFTify and the upcoming launch.
Today, we’ve gathered up some of the most interesting answers here, just in case you missed anything.
Crypto94| Owner of Infinity Gainz: Let’s begin. I always love having TOP Tier Projects like yours in Infinity Gainz👏👏As a start, give us a description of what exactly is NFTify and some of the features it has?
Nikita Ngan Nguyen: Thank you Infinity Gainz. So, first of all, NFTify is a platform where people can create an NFT store without coding.
Anyone can start a store, tokenize & sell NFTs right away instead of spending months and hundreds of thousand of USD to develop something like Opensea, Niftygateway…. This is exactly the problem that we wanted to tackle, to help lower the bar for everyone to join the NFT space.
So let’s say you are an artist. You want to create your own brand, your own store, but you don’t have the money and time to build your own platform. You also don’t want to sell your arts on some messy NFT marketplace, then NFTify is the perfect solution.
The platform will also provide built-in AI services for copyright protection purposes, which is probably what people are concerned about the most when it comes to digital content. Am I right?
These are the most basic features that you’ll be able to experience soon in the next couple of months.
Crypto94: Do you have a Demo/MVP we can see? when will the full platform go live so regular retail investors can interact with it?
Nikita Ngan Nguyen: Yes, our AI feature will be out in May, and MVP will be released in June. Full Platform will be live in early July
Crypto94: Can you tell us what’s your marketing/onboarding plan is like to bring in the Masses to your platform? I noticed you have massive Partnerships already(which I assume will help with exposure a lot)
Nikita Ngan Nguyen: Yes, you’re right! Currently, M6 together with over 100 top KOLs are leading our marketing. Besides, we are partnering with many other NFT projects who already have great communities to bring in the masses to the platform.
Crypto94: You have an extensive roadmap. What can we expect to see in the coming days and weeks in terms of development?
Nikita Ngan Nguyen: By the end of May, the AI engine will be released. The team is focusing on building NFT platform to allow users to create an NFT store. We follow the scrum method, so from now until the end of June, every 2 weeks we will release 1 sprint. But like I mentioned, we will release the entire MVP by end of June
Crypto94: The idea is amazing. You have insane backing, probably one of the most I’ve ever seen for a project. Tell us about the team members behind the project? What experience do they have? Have they worked on previous projects before?
Nikita Ngan Nguyen: Thank you. We’ve all been in the Blockchain space for the last 6 years to gain this network. I and my CTO cofounded Ekoios, a Blockchain Development House in Vietnam in 2015. So for the last 6 years, we’ve developed hundreds of Blockchain projects for startups all over the world. Right now, we have a team of 120 engineers backing NFTify.
Our Ai team has developed products that have been deployed in the Vietnam traffic monitoring system, hospital and building management systems all around the world.
Our BA (business analyst) team has tremendous understanding about the blockchain ecosystems. I am absolutely proud of and confident in my team!
Crypto94: 120 Devs. Impressive..!!! What is your connection to Polkafoundry $PKF? Members here know the project well. Tell us how NFTify and Polkafoundry are tied together or what their partnership means?
Nikita Ngan Nguyen: Well, on a personal level, I and my CTO have known Thi, the founder of Pokafoundry for over a decade, since we all worked together at FPT, the largest IT company in Vietnam.
This time we build NFTify on Polkafoundry, technically to lower the cost for users and have better storage infrastructure and everything, but the partnership itself started with the trust and confidence of a decade-long friendship.
Crypto94: Will you have a public sale/IDO? We can already see this a top-quality project. What do you recommend to people watching this AMA to be involved early?
Nikita Ngan Nguyen: We will have a public sale pretty soon on Ignition and Redkite (Polkafoundry’s launchpad). Be sure to follow all our official channels so you won’t miss out on important announcements!
Crypto94: Can you break down the token economics?
Nikita Ngan Nguyen: Our full supply is 200.000.000 N1 tokens, with an initial supply of 12,300,000. Initial Market Cap is $980,000.
Token Utilities includes:
- Pay fees for store setup and plugin purchases
- Trade NFT
- NFTify platform rewards
- Platform governance
For more information, you can access our tokenomics on https://nftify.network/
Crypto94: Can you give us a timeframe of when your IDOs will take place?
Nikita Ngan Nguyen: We’ve given ourselves some time to make sure development is solid, and we will have a strong community to back our token. The more the merrier. Community strength is the beauty of the crypto world. That’s why I urge you to join our channels and support us. For the IDO date, let me say roughly a month from now.
Crypto94: Ok, I will open up the chat for ama question round. The first two questions you select will be rewarded.
You may answer more than two questions, but it is up to you.
@Jihanea22: What is the reasons you chose to build on Polkafoundry rather than on your own? Also if you could explain to us. how the AI copyright to detection feature works in the case of art NFTs?
We thought about building our own chain, but why take time to create something that is already out there?
So rather than creating our own substrate, we focus on building what is lacking in the ecosystem with the support of Polkafoundry.
For the AI part, when the store owner uploads digital content to mint NFT, our AI engine will scan and detect similarity/duplicates, etc.,
Store owners will have to provide KYC when they register a store, so we’ll be able to communicate in case of dispute, and will be able to remove violated NFTs from the platform.
@kinami13: How to persuade the public to believe technology of NFTify?
How will team resolve if there is an unfortunate security problem?
How to persuade the public to believe technology of NFTify?
→ It’s more of educating the public how NFT will benefit them, rather than persuading them to believe in the technology.
We all try to remove the unnecessary middle man here. Especially in the art, digital content world, since dawn, artists are treated as workers, while the big enterprises take all the credit and money.
We believe the technology will massively change how things work.
@Hdjsjejs: NFTify has lending nft, gamified nft as use cases, Could you explain what they are, and what could we expect from the use cases?
After the main features, we will continue to develop add-ons.
For NFT lending, NFTify will provide a P2P marketplace for collateralized NFT loans. It allows borrowers to put up assets for a loan and lenders to make offers to lend in return for interest.
For Gamified, we will provide a Gamified NFT store for gamers to buy and sell collectible NFT game cards/items in a more organized fashion, rather than on a messy marketplace.
We’re already talking to get a few game partners on board! Please stay tuned!
Crypto94: Thank you for joining us!
Go ahead & open your NFT stores via: https://nftify.network/