Niftgen Awarded Grant to Create NFT Marketplace on Algorand

May 12th, 2022 - The Algorand Foundation welcomes Niftgen to the Algorand ecosystem as our latest grant recipient. Niftegn has been awarded a grant to support their NFT marketplace on Algorand, creating an NFT platform that will empower content creators to build, grow, and monetize their brands.

Niftgen is an NFT hub that facilitates community engagement that lets NFT creators better build and monetize their brands. On Niftgen, content creators will receive constructive feedback for their work, when fans rate and comment on their work, which will allow creators to improve their content so that it better resonates with fans. Content creators will also be able to connect with their fans directly on the platform via Niftgen’s chat feature, leading to faster and easier communication between fans and creators. Niftgen believes that NFTs will play a crucial role in the future blockchain-powered global economy, especially within the $104 billion creator economy. The goal is to encourage people, particularly creators, to enter and explore the NFT ecosystem, which is why Niftgen will also provide users who are new to NFTs with a roadmap and the resources to succeed in the space.

Niftgen will provide content creators with the infrastructure they need to better build, grow, and monetize their brands. We plan to make Niftgen the go-to NFT platform for all content creators, both established or new.

“One feature we are especially excited about is Live Events. Here, creators will be able to set up and then run their own live video and audio events on Niftgen, promoting their brand and showcasing their NFTs. Going forward, creators will be able to tap into their fan bases for creative inspiration as well as other needs, while fans will be rewarded for their contributions both financially (through royalties) and socially (through certified badges )’’. - Christian Casini, Co-Founder, Niftgen

“We are delighted to welcome Niftgen to our ever growing NFT ecosystem being built on the Algorand network. We were very impressed with Niftgen’s solution approach which offers features that facilitate community engagement, interaction and qualitative feedback. NFT creators will receive feedback and ratings directly from users which will allow them to create better content in the future. A chat feature will also afford one to one engagement directly on the platform,  representing a great opportunity for creators to create better content, which will lead to more NFT sales and a stronger personal brand’’.  - Addie Wagenknecht, Head of Global Ecosystems and Technical Operations

For more information on Niftgen, please visit the Niftgen website, follow them on Twitter, or join the discussion on Reddit