What is APENFT? Introduction to the issue price, total volume and white paper of APENFT

APENFT, founded by Tron's Justin Sun, aims to bridge the art world and blockchain by enabling creators to mint and trade digital art as unique non-fungible tokens (NFTs).

Nov 04, 2024 at 02:24 pm

What is APENFT?

Introduction to APENFT

APENFT is a decentralized digital collectibles platform founded in 2021 by Tron (TRX) founder Justin Sun. It aims to bridge the gap between the art world and blockchain technology by allowing creators to mint and trade unique digital art as non-fungible tokens (NFTs).

Issue Price and Total Volume

Issue Price: APENFT was launched in March 2021 with an initial issue price of $0.004.
Total Volume: As of March 2023, APENFT has a total trading volume of over $100 million.

White Paper

The APENFT white paper outlines the following key aspects:

Mission: To create an open and accessible platform for digital art creators and collectors.
Platform Architecture: Utilizes Tron's distributed storage system, BTFS, and blockchain technology to create a secure and decentralized platform.
Governance: Governed by the APENFT Foundation, a non-profit organization dedicated to promoting digital art and blockchain innovation.
Tokenomics: The platform's native token, ANT, is used for transaction fees, staking rewards, and governance voting.
Ecosystem: Partners with renowned artists, museums, and organizations to foster a vibrant digital art ecosystem.

Key Features

Easy-to-Use Interface: Provides a user-friendly interface for collectors to browse, mint, and trade NFTs.
Dedicated Marketplace: Offers a dedicated marketplace specifically for digital art, ensuring authenticity and protection for creators and collectors.
Open Platform: Welcomes creators from diverse artistic backgrounds and allows for collaboration and cross-pollination of ideas.
Investment Opportunities: Enables collectors to invest in emerging digital artists and potentially profit from the value appreciation of NFTs.
Transparency and Security: Leverages the security and transparency of blockchain technology to ensure the authenticity and traceability of NFTs.

Conclusion

APENFT is a rising platform that revolutionizes the digital art industry by bridging the gap between art and blockchain. With its user-friendly interface, dedicated marketplace, and open platform, it provides creators with a unique opportunity to showcase their work and engage with a global audience. As the NFT market continues to flourish, APENFT is well-positioned to play a significant role in fostering the adoption and appreciation of digital art.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

MUBARAK

$0.1164

50.76%

Trade Now
BNX

$1.7658

41.50%

Trade Now
CAKE

$2.5771

41.06%

Trade Now
MERL

$0.1346

25.17%

Trade Now
CARV

$0.3693

23.02%

Trade Now
CHEEMS

$0.0...01179

18.56%

Trade Now

Latest Crypto News

Why Is Coinbase a Good Business?
2025-03-17 20:25:57
When it Comes to the Best Crypto to Invest in March 2025
2025-03-17 20:25:57
Bitcoin Pepe (BPEP) Changes the Game With Technology That Could Transform Bitcoin Itself
2025-03-17 20:25:57
XYZ Coin Crosses the $10 Million Mark in Its Presale Phase
2025-03-17 20:25:57
Binance Expands Trade Offerings For MKR, EPIC, & These 3 Crypto
2025-03-17 20:25:57
Arctic Pablo Coin ($APC) Presale: Explore the Depths of Cryptocurrency Investment
2025-03-17 20:25:57

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...