On 12th November 2021, Verlux.io, a decentralized cross-chain NFT marketplace built on the Cardano blockchain, began its seed sale to early investors. This was announced on the company’s Twitter page, as well as on its roadmap for the project.
$VLX Seed Sale to Early Adopters is Live (How to Participate) 🚀🚀https://t.co/lFvXJfuYfJ#Verlux #NFTCommunity #NFTs #NFT #Cardano
— VerluxNFT (@VerluxNFT) November 12, 2021
Tokens purchased during the seed sale have totaled 118,821,615 million, which is 47.5% of the total amount of tokens allocated for this round of the seed sale.
The success of the seed sale led to its extension by 14 days to ensure a successful conclusion.
You can now purchase VLX tokens on the Verlux Token link.
Verlux Overview
Verlux is a decentralized NFT marketplace built on the Cardano blockchain that will provide users with the ability to create, acquire, sell, and exchange non-fungible tokens (NFTs) on its platform.
Because of the platform’s innovation, users can conduct transactions of NFTs without incurring the high transaction fees commonly associated with other blockchains.
Challenges faced by NFT creators and solutions provided by Verlux
On Ethereum-based marketplaces, users wind up paying high transaction fees when minting NFTs. This issue also affects NFT buyers.
Moreover, due to the lack of interoperability between NFTs run on different blockchains, traders of NFTs are usually limited to selling only on the same blockchain as the NFT is running on.
This singular issue adversely affects the scalability of NFT, restricting its use and impact on transactions on marketplaces to a single network.
Considering these issues, Verlux aims to provide a decentralized cross-chain NFT marketplace where users will be able to trade and buy NFTs that exist on various blockchains like Solana, BSC, and more. Users will also be able to save gas fees and take advantage of faster transactions.
This will be possible ensuring interoperability between blockchains; users will be able to migrate NFTs of other blockchains to Cardano in just a few clicks.
The Verlux “$VLX” Token
$VLX is a utility token designed to power the VerluxNFT platform. This token is minted on the Cardano blockchain and will be used to facilitate transactions on the Verlux NFT marketplace.
NFTs will be available on the platform at a discount to those who purchase VLX tokens.
Users will also be able to pay transaction fees using VLX tokens.
