Announcing: Infinity, the NFT marketplace of the metaverse
We’re excited to announce the launch of Infinity, the NFT marketplace of the metaverse. Infinity is a community driven, decentralized NFT marketplace built for the future of discovering, developing, and owning NFTs. As an alternative to OpenSea, it aims to better represent, as well as incorporate the needs and wants of the NFT community, which will evolve via direct user governance in partnership with Common Protocol.
The initial marketplace version optimizes for current OpenSea users, making it easier and zero cost for them to list their NFTs. The marketplace reuses OpenSea’s smart contracts and introduces no new smart contract risk. This also means there’s no gas cost for current OpenSea users to list since they don’t need to re-initialize their wallets or re-approve tokens. A 1.5% transaction fee will be charged for each sale and will go to the community controlled treasury.
Airdrop for OpenSea users
We are the first NFT marketplace that gives direct control of the app and treasury to a DAO, controlled by those who use the platform. 60% of the governance token supply (revised from 10%) will be distributed to existing OpenSea users who transacted before October 4th, 2021 11:59PM UTC. The airdrop amount is based on tiers derived from OpenSea transaction volumes. Starting today, the airdrop can be earned over the next 60 days by transacting the Infinity marketplace. The token will likely be launched before the 60 day period is up.
The table below shows OpenSea volume tiers, airdrop token eligibility, and amount of Infinity transaction volume needed to meet the threshold. Those who do not fulfill the entire threshold amount will still receive a commensurate portion of tokens.
Roadmap
The marketplace will evolve over time based on community feedback to support new integrations, like analytics tools, and creation of derivative NFTs. In addition to the marketplace, we are introducing a new type of NFT with built-in utility: the programmable NFT. The first NFTs of this collection will be utilized for additional yield farming and liquidity mining of the Infinity token.
