We are excited to announce that NFFT.com is partnering with The Famous Token, a solution that introduces cryptocurrency trading on celebrities' fame and other famous personalities. In many ways, the partnership is built on a shared vision, pushing the existing limits of the current NFT industry with the first real-life use cases for NFTs. We believe this partnership can be considered the start of something that can bridge the existing gap between NFTs and DeFi by offering novel ways to participate in decentralized markets and access new financial instruments.
Here’s a little more detail about The Famous Token (TFT). Our partner TFT is a decentralized platform capitalizing on the increased tokenization of real-world assets but also more intangible and less liquid asset classes. In this case, high-quality artworks of famous personalities are tokenized, and these tokens represent the digital value of the persons’ clout or fame. By staking TFT you earn reward cards that can be used to get the exclusive NFTs. TFT operates its own gallery on decentraland and recently announced a partnership with a well-known NFT artist who sold single artworks for almost $30,000. The Famous Token is going to launch its own decentralized marketplace very soon and already got mentioned in the press by none other than the world-renowned Forbes Magazine.
The partnership with TFT is a great initiative that will allow both platforms to combine our resources for more innovative purposes. We will serve as a gallery for TFT and the NFTs that are purchased on TFT. This will allow users to take part in the fame of their favorite object and TFT users can access our NFFT blockverse directly from the site. While a fairly new project, TFT has garnered so much support and attention in the DeFi space, it’s already been listed on major cryptocurrency exchanges, including Pancakeswap and Uniswap.
This partnership will be one in a series of community-strengthening initiatives we embark on to increase adoption of the next generation, nonfungible fillable token. The partnership with TFT is full of synergy and creative potential for defining both the NFT art and DeFi spaces of the blockchain.
Stay tuned as we grow as a community and add more block holders to several DeFi and blockchain projects already owning blocks on the blockverse.