This year, 2021, the market for non-fungible token (NFT) art grew by more than 800%, from $52 million at the beginning of the year to $490 million by the end of April, but this number is only a sliver of the total NFT market.
It has changed the lives of many people who thought art could not put money on their table, including Beeple, who sold an NFT for more than 69 Million dollars, and other collectors and creators that made unimaginable amounts of money from selling digital arts.
NFTs are no doubt one of the hottest new trends in the crypto world. At the same time, it has also become the playground for evil hackers and thieves.
Last March, more than 1 Million dollars worth of NFT items was stolen from a collector and was transferred to the thief’s account within seconds.
The works of some artists are sold in the NFT marketplace without their consent, and they don’t know what NFT is.
“I was very upset. And I went straight to Twitter about it, you know, and it wasn’t just my art. It was other artists that I know, and the entire point of NFT’s, and the blockchain, is to support the actual artists. And this is only the art that we know about because it was caught. So how many other pieces out there are being sold? That we don’t know about?” the artist, Sabby Life, said.
Certainly, the problems in privacy, fraudulent acts, and theft are difficult to stop.
The call for platforms to accelerate
Mars Panda’s vision is to create a fair and equitable platform that brings online participants closer together by directly connecting. Mars Panda links all the stakeholders for online and offline NFT trading together and allows them to transact directly with each other in a decentralized manner on the blockchain.
The goal is to eliminate trust issues in transfers of economic value between stakeholders across multiple platforms.
Vision: “Play with The World”
In the product roadmap, the Mars Panda platform will create an NFT ecosystem, including a consumer-friendly NFT marketplace with an in-built digital wallet that will allow consumers to purchase NFT effortlessly. Developer tools will be available in the Mars Panda ecosystem enabling users to issue their NFTs.
This alone will allow fewer fraudulent activities.
The platform will allow you to auction and purchase your art, music, games, and even tokenized real estate assets. Moreover, the space will be partnering with tech companies to deploy fraud detection.
In your most convenient way to trade NFT or enter the ecosystem, which should not be a headache, Mars Panda World partners with GrabPay, Mastercard, PayNow, Line Pay and Visa.
To further support the marketplace, they have Blockchain Zoo, Athena Studio, Google Cloud, and Legatus at their back.
How does this work?
In this ecosystem, Mars Panda Credit (MPC) is the internal currency for the ecosystem of Mars Panda. In this ecosystem, assets like in-game virtual assets and items are priced in MPC. For MPC to interact with the off-chain physical world, it interacts via the token, Mars Panda Token (MPT). MPT in itself does not have value, except to facilitate the utility function of swap between MPC and the value of tokens outside of the ecosystem. Click here to download the Whitepaper.
Big investors and big companies believe that cryptocurrency is here to stay, and NFTs mean there is now something to buy while this will go a long way past digital art. Music is next.
About Mars Panda
Mars Panda is a complete eco-system which consists of:
• Games, Social Media and Ecommerce Aggregation
• Yield farming DeFi
• Mars Panda game with NFT game elements
• NFT Marketplace
We aim to fuse mainstream eCommerce and Gaming to the crypto world of NFTs and DeFi, on one seamless, unified platform.
Find us at:
Legatus Global Pte Ltd is an entity that has obtained a regulatory exemption under the Payment Services Act (“PSA”) for digital payments token services. Legatus Global is commissioned to handle the issuance of Mars Panda Token (MPT) as well as the KYC/AML during the private sales and distribution of tokens to private investors. Legatus Global is also handling the process for private sales and distribution.