SOTA Finance — A BSC MVB participant introduces their new services to integrate multi wallets and tokens
Non-Fungible Token (NFT) has emerged as the most promising use case out of the crypto universe and has become a rage among mainstream celebrities, including sports stars, pop stars, and artists.
SOTA NFT marketplace is the first in the crypto world to support this trend by providing a platform that works on multiple blockchains, wallets, and payment tokens, allowing users to optimize and have the best experience when creating/trading their NFTs.
Binance Smart Chain — the wolf leader in the Ethereum-compatible blockchain industry, was the first blockchain network that was integrated into the SOTA platform. The platform was among the first NFT marketplaces built on Binance Smart Chain and has been building a strong NFT creator and collector community.
In June 2021, SOTA Finance Marketplace participated in the Binance Smart Chain Hackathon in Southeast Asia organized by DoraHacks, and ranked among the top 5 projects in the contest with 7332 votes. SOTA Finance also took part in the Binance Smart Chain MVB II program (Most Valuable Builder II on Binance Smart Chain).
Furthermore, to strengthen its tie with partners in the Binance Smart Chain ecosystem, SOTA Finance has added a new service to support its partners in easily engaging and expanding their businesses on the SOTA marketplace. Wallet providers or other partners now only need to provide some technical integration fee ($3000~) to add their Binance Smart Chain wallets or tokens to the SOTA platform.
A Multi-Chain NFT Marketplace
SOTA NFT marketplace is currently supporting NFT creation and trading on 5 blockchain networks: Binance Smart Chain, Polygon, Okex, IoTeX, and HECO chain, in which Binance Smart Chain is the initial chain that SOTA integrated into their platform to maximize the experience of users when first trying the marketplace.
Upon NFT creation, users will select the blockchain they want at the beginning of the process. Note that the users need to have a small amount of the chain’s native token to pay transaction fees. Users do not need to pay any costs other than their own blockchain transaction fees at NFT creation. The platform will only charge 15% when the NFT is sold, and 2.5% transaction fees for secondary trading.
SOTA Finance is open to add new blockchain networks for better user experience and more business collaboration, however, BSC is still the prototypical chain that SOTA appreciates users to use most.
Wallet Integration Support
Other than the common wallets such as Metamask or WalletConnect, SOTA has been adding a wallet from its partner recently, ONTO wallet. The team is working on adding new wallets such as Hyperpay and SWFT.
When signing for an account at the SOTA marketplace, users will select the wallet they want to use, connect, and easily create an account with their existing wallet address.
Payment Token Integration Support
SOTA Finance has also added several tokens from its partners for NFT payment on its NFT marketplace. Other than the chain’s native token, USDT or BUSD stable coins, and SOTA tokens, the platform will support more tokens of the future partners to utilize the experience of the user.
In addition, users can select to pay their NFTs using these provided tokens when buying NFTs on the SOTA NFT marketplace. While NFT prices are listed in USD, payment amounts are calculated using real-time conversion rates from external exchanges.
Moreover, SOTA Finance plans to add a new swapping service to help users convert their tokens easily as part of its payment service.
Want to collaborate with SOTA? Here is the application form to become a payment token in their platform: https://forms.gle/9cNqShYjejAkrBYVA
About SOTA Finance Company
SOTA Finance is a company that provides NFT related services, including the SOTA NFT marketplace and the NFTA NFT auction and loan market. SOTA NFT marketplace is hosting high-quality NFTs from a large number of artists and NFT content projects. NFTA Finance is a cross-chain platform that provides P2P NFT auction and loan services, focusing on high-value content NFTs. The company targets to become an NFT ecosystem to grow the NFT market to the next level and bring it to mass users.