Frame Secures Funding, Launches Airdrop for NFT Traders

Frame, a blockchain dedicated to NFTs, has concluded a funding round led by Electric Capital, with investments from industry veterans. In conjunction with the funding news, Frame has initiated an airdrop of its native FRAME token for NFT traders active during the bear market. The airdrop targets traders on Ethereum and eligibility is determined by trading volume and royalties paid.

Frame Secures Funding and Launches Airdrop for Devoted NFT Traders

Frame, a burgeoning blockchain dedicated to empowering the NFT ecosystem, has successfully concluded a funding round spearheaded by Electric Capital, a renowned venture capital firm. The funding round also witnessed the participation of Ray Chan, the visionary founder of 9gag, Luca Netz, and 0xMaki, the former CEO of Sushiswap.

Concurrent with the funding announcement, Frame has initiated an airdrop of its native FRAME token, a gesture of appreciation for NFT traders who have steadfastly navigated the recent market downturn. While the Frame mainnet is poised to launch next month, the token will remain non-tradable until a later, yet-to-be-disclosed date.

The airdrop's inaugural phase, aptly named "Chapter 1," extends eligibility to all who have engaged in NFT trading on Ethereum within the past two years. The number of tokens received will be commensurate with trading volume and royalties paid. Subsequent phases will introduce rewards for active participation within the Frame network upon its activation.

Frame's unwavering commitment to fostering a creator-centric environment is reflected in its unwavering stance on royalties, enshrining them at the network level. This approach grants ownership and governance of the network to the NFT community, a paradigm shift from the current landscape where leading marketplaces like Blur and OpenSea have abandoned the enforcement of creator royalties.

Frame's endeavors to address the royalty conundrum echo the sentiments of other blockchain projects. Earlier this month, the RARI Foundation unveiled RARI Chain, its Layer 3 blockchain, designed to safeguard royalties at the node level.

Why Frame Stands Apart

Frame's unwavering dedication to the NFT community distinguishes it from the competitive blockchain landscape. By empowering creators and collectors with ownership and decision-making authority, Frame aims to address a critical challenge faced by NFT creators.

This challenge stems from the unfortunate reality that leading marketplaces like Blur and OpenSea have reneged on the enforcement of creator royalties, undermining their ability to sustain their creative pursuits.

Frame boldly confronts this issue by integrating royalties into the fabric of its blockchain, ensuring that creators receive fair compensation for their contributions. This transformative approach fosters a sustainable ecosystem where artists are empowered to continue creating and sharing their masterpieces with the world.

Conclusion

Frame's recent funding success, coupled with the launch of its airdrop, underscores the growing recognition of its mission to redefine the NFT experience. Its commitment to creator empowerment and unwavering stance on royalties position it as a beacon of hope for a thriving NFT ecosystem. As Frame prepares for the imminent launch of its mainnet, the NFT community eagerly anticipates the transformative impact it will have on the digital art and collectible space.