We would like to thank Mrs. Mandy of Mandysicoresearch | CHAT for holding such an inspiring AMA session with us. Here are the highlights of the AMA just in case you missed it.
Mandy: Before we begin can u please introduce yourself to our audience😊
Nikita Ngan Nguyen: My name is Nikita Ngan Nguyen. I was born and raised in the suburb of Hanoi, Vietnam. After college, thanks to my Japanese language skills, I landed a job in Tokyo, my dreamland. That was with a non-governmental organization, where I had the chance to interpret for all the top Vietnamese politicians who visited Japan for labor collaboration.
I stayed with them for over a year until I decided to switch to the biggest Vietnamese IT company in Japan, for a more dynamic environment. Ever since I’ve spent over 12 years in the IT industry.
I was in charge of business development for their Japan and US branches until we founded Ekoios, our Blockchain development house in 2015.
At Ekoios, we’ve got to engage and provide business & tech consulting, development services to hundreds of Blockchain startups all over the world.
That definitely gives us a general picture of the Blockchain ecosystem, and helps us come up with the idea of creating NFTify, a platform that we’re confident will become very impactful that is lacking out there.
Mandy: Could you share how your team came up with the concept of Nftify and what problems are you solving
Nikita Ngan Nguyen: A year ago, before most of the world had heard of NBA TopShot NFTs — now a half-a-billion-dollar business, Ekoios started receiving streams of pressing requests from clients around the world.
Recognizing the tremendous value creation opportunities in tokenizing and selling their digital assets as NFTs, they were anxious to launch NFT marketplaces for people to sell their art galleries, gold and other commodities, sports trading merchandise, and a myriad of other uses.
But no Shopify of NFTs existed. Even TopShop…
Developing a marketplace like Opensea requires months of development and hundreds of thousands of USD. That’s when we came up with the idea of creating NFTify. NFTify will allow small business owners to create an NFT store without coding, at a low fee. That’s the problem we’re going to solve with NFTify.
Mandy: Could you share who are your competitors in crypto and what's the strategy to outperform them
Nikita Ngan Nguyen: NFTify is the only platform to allow people to create an NFT store without coding, and customize it to make it their own brand. We are also the only platform to provide Copyright protection. NFTify also provides a bridge to exchange NFT on parachains or external chains such as ETH, BSC. That means the digital asset will have a larger ecosystem to interchange and trade. I think this might be why we are getting so much attention from top Tier 1 VCs including Moonrock, Morningstar, Master Ventures, M6, Spark…; partners such as Mantra Dao, Dao Maker, Kylin… as well as individual investors.
Mandy: This brings me to the next question how important is the community for NFTify team and what steps will be taken by the team to keep the interest of the community & investors intact.
Nikita Ngan Nguyen: Extremely important! Success will not come easy without support from the community. We will work hard on all fronts: product development, marketing, business development… We’ll actively keep all stakeholders posted on our major milestones to hold us accountable.
Mandy: Last question before we start our live AMA. Could you share some recent product development in terms of the roadmap ( or milestones achieved)?
Nikita Ngan Nguyen: We plan to announce this in the next coming days. However, since you ask, I will reveal a little bit, because it’s quite exciting.
Our team is focusing on developing the MVP version of the platform with the most major features including allowing people to register stores and start selling NFT. Together with that AI services are also almost finished. We are going to launch these features in the next 2 months.
@losqotaloz: If you don't have working marketing and capital infusion, your project sadly dies. In what ways do you have adequate marketing power and capital to convince us users about this project and mainly to push this project to the top!?
We have calculated carefully before designing our token metrics. An announcement regarding fundraising will be out in the next few days. Stay tuned! Also, developing in Vietnam does help with reducing costs.
Marketing is led by 1 of the best agencies in the crypto space. So we’re good off to focus on developing the product and business development afterward.
@LassitModulo: Do you have real users and partners that use your services and what marketing strategy do you have to draw new users as without marketing no matter how good the product is nobody cares?
Even though our MVP is not yet launched, we already have a few partners that will register their store on NFTify. Many other discussions are also going on.
Keep an eye out for our announcements!
@poncudon: I have seen that you have done many AMAs, my question is, what do you expect to get from so many AMAs and what are your goals with the community? Do you consider the community to be a fundamental role in the project?
You’re right. AMAs are great for us to help the community understand better about our project. Through AMAs, we are also able to hear your voice, your concerns, your ideas, which we’ll carefully consider and apply appropriately throughout the existence of the platform.
@duyen46: In the crypto field it’s very hard for Projects to Generate Revenue/Profits, Some projects have a 10% Dev share(10% from transaction fees taken by the project).Can you explain to us in what way NFTify creates revenue/profits?
Store owners will pay a small fee to register their business. After that, we will charge per transaction for every NFT sold on the platform.
@SantaCruzia: How Nftify is a decentralized application that provides the non-fungible tokens fraction will make its digital art sustain and continue to attract more users to get $NFTIFY?
Defi features are in our roadmap. We’re also onboarding partners that provide some major Defi features like lending, collateral, staking, etc.,
@dangjusticeq: I was exploring your website and I couldn’t find your roadmap. Do you have one? Could you share it? I am curious to know your plans and strategies for 2021.
I’m sure if you look again, you’ll find it. Since I can’t paste the link. @Mandy2b would you be so kind and paste our website here to make sure @dangjusticeq has the right site? Thank you.
@cudanginh: Successful projects are the result of an experienced team, Project will not Evolve without being managed by an experienced team. So, how about NFTify? Does your team have good experience in the cryptocurrency world?
We have a veteran excellent blockchain team, led by my CTO Do Dinh Dong, who has over 15 years of experience in IT. The team has developed hundreds of Blockchain projects from scratch to finish for global partners for the last 6 years.
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 of the blockchain ecosystems. I am absolutely proud of and confident in my team!
@IraidaWarden: Vast majority of Crypto projects are built just for the sole purpose of amassing wealth for themselves. So, I want to know the value you aim to add to a crypto industry that will bring greater abundance to the industry?
You’re absolutely right about this. Many projects out there misguide people about the real purpose and power of crypto and blockchain.
With NFTify, we are trying to leverage crypto and blockchain to solve real-world problems. I live in Hollywood, where even the biggest stars and artists get ribbed off by the so-called Hollywood machines, and the middleman. Their hard work takes a tremendous amount of time, money, and effort o get funded. I’m sure that you’ve heard the same stories. We believe with NFTify, we can change that system. This is the mission and message that we will deliver.
Mandy: Let me thank @NikitaNguyen from NFTify Team for joining our chat group today and sharing insights on the project
We wish you and your team great success and looking forward to your IDO on PAID Ignition and PolkaFoundry’s Red Kite launchpad
Thank you everyone for participating in this exciting AMA.. too many questions however time is always a limitation. With this we close our AMA for more queries please feel free to join @nftify_official.
Go ahead & open your NFT stores via: https://nftify.network/