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Is OpenSea NFT Market A Sinking Ship (Here’s Why It May Not Make It)

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The race to true cross-chain NFT capabilities is on! OpenSea has been lagging behind in this very important feature and it may be the hole that sinks their ship or opens the gap for other cross-chain focused marketplaces to fill.

I show you the 1st true cross-chain NFT marketplace that has 100x growth potential.

GHOSTMARKET:

0:00:00 Setup
0:00:30 Intro
0:01:53 Ghost Market
0:02:29 What Else Is Coming
0:02:57 Not A Lot Of Volume
0:03:23 Other Intagrations
0:04:17 NFTs Of NFTs
0:05:06 The Near Future
0:06:08 Thinking Ahead
0:06:58 A Lot Of Potential
0:07:20 Breakdown

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GhostMarket V2 is coming shortly!

After launching GhostMarket’s self minting service uMint in December 2020, Vincent and his team has been rolling out non stop upgrades and feature enhancements — one of the latest being implementation of Binance Smart Chain support for NFT minting and trading. However, beyond everything that has already gone into production, they have also been tirelessly working behind the scenes on the next iteration of GhostMarket — GhostMarket V2!

Currently standing at 95% completion, GhostMarket is looking to launch V2 within the coming weeks. This evolution of GhostMarket involves a complete refactoring of the whole site, fully optimized and scalable. And while the backend powering it all has received a whole lot of love and development resources to make it as fast and flexible as possible, the frontend has also undergone a full revamp with a completely new and even more user friendly design!

GhostMarket team & funding growth

As a result of the success of GhostMarket and the need to expand the team, GhostMarket is looking to raise $2M through a public fundraise in the near term. They have however already managed to raise part of the funds through private investments, allowing them to grow the team to a total of nine people spread across frontend, backend and marketing personnel. This in turn naturally allows GhostMarket to ramp up development speed and outreach significantly, so expect their breakneck development speed to further increase going forward.

The fundraise from public and private investors will see GhostMarket launch their own cross-chain governance token, with the funds being used for human resources, infrastructure and marketing as they establish themselves amongst the elite NFT marketplaces in the world.

Signing deals and taking names

GhostMarket further expects to have an announcement out in the next couple of weeks regarding projects that have been working to deploy on Phantasma and another chain, about their integration with GhostMarket. Two revenue generating private deals have already been signed with clients to use the GhostMarket infrastructure tools and API.

NFT interoperability becomes a reality!

Also revealed by Vincent in the interview, GhostMarket hopes to have the first version of NFT interoperability implemented by the end of July if all goes according to plan. While most of the technical side of this has already been completed, the team is still working on finalizing some aspects regarding to NFT feature compatibility across multiple blockchains.

Signed, sealed, delivered

As if all of the above was not enough to keep the team behind GhostMarket occupied, they are also open to offering packaged customized solutions for projects looking to launch, ranging from complete packages where GhostMarket will do all the development work necessary, to hybrid solutions in cases where clients have a preexisting level experience working with smart contracts.

Being acutely aware that trends in the cryptosphere are changing at a rapid pace, they’re positioned to be able to adapt and pivot

source

Mila

Mila doesn’t only cover Blockchain and crypto, but she does focus the bulk of her writing efforts on this emerging technology and how it is impacting not just US markets, but global markets too. From the British Virgin Islands to China, her reporting leaves no global crypto stone unturned. Her tenacity and candid opinions on the impacts of crypto and Blockchain have made her a leading voice in the industry and a top source of truth to the curious masses.

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