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First NFT Maker Platform Returns To Help Artists, Galleries Create Marketplaces
By Ell Ko, 06 Oct 2021
Image via Monegraph
Monegraph, founded in 2014, was the first startup platform to provide blockchain tools to artists so they could monetize digital pieces they created. You guessed it; this was the beginning of non-fungible tokens (NFTs).
Seven years and an explosion of NFTs later, the company is back to offer even more tools, but this time changing pace. Its new product, Readymade NFT, aims to help artists and even traditional galleries launch their own collections and retain control of their sales.
Essentially, it is taking inspiration from the services provided by third-party marketplaces like OpenSea and Shopify, and giving artists the option to host their own sales on their own websites.
The services will cover minting, selling, and distributing the tokens to buyers. Contracts are more easily customizable, and include the option to choose the resale royalty percentage that the artist will automatically receive.
It’s also said to be pretty newcomer-friendly, too. Monograph claims that the infrastructure will allow “self-managed NFT marketplaces” to be launched “within only a few days.”
In addition to the various features available, there are also plugins allowing users to integrate this custom marketplace with popular website builders, such as WordPress.
This will allow them to create an experience that is synonymous with the rest of their online presence as they’ll be able to customize it much more than a listing on a third-party website, a pain point previously unsolved.
“Digital assets are minted using Monegraph’s digital rights management and protection technology,” the company states. It has also clarified that the platform is able to support “multiple blockchains including energy efficient alternatives such as Polygon.”
It was also announced that three leading US galleries are utilizing this product to launch their own collections of NFTs: Honor Fraser Gallery, Postmasters, and bitforms. Alongside the marketplace for collection sales, the trio is also reportedly endeavoring to create digital gallery spaces for the art.
“Everyone has some kind of NFTs they want to do now, so people are approaching us from all kinds of different industries,” Monegraph founder Kevin McCoy tells Artnet News. “The tech we have is flexible enough to work with all of them.”
[via Artnet News, image via Monegraph]
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