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Core Foundation Launches New NFT Marketplace

Core Foundation Launches New NFT Marketplace

Sujha Sundararajan

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| 1 min read

Source: abite.ai

Core Foundation, which aims to create a secure and decentralized ecosystem for dApps, is launching a non-fungible token (NFT) marketplace.

Announced Monday, the foundation will also embark an NFT collection drop for the community, dubbed – Core Journey. The NFT collection is focused to bring stronger utility to the Core chain, said Core contributor Rich Rines.

Core blockchain leverages the advantages of Bitcoin and the network is also EVM (Ethereum Virtual Machine) compatible so that it can run Ethereum smart contracts and dApps.

The announcement comes days after the foundation launched a $5 million innovation fund to promote India’s Web3 communities. The project also launched a $5 million Africa Ecosystem Fund last month to provide resources to help local Web3 builders.

Core Foundation’s NFT Marketplace – Wizard Gallery

Core’s NFT marketplace – Wizard Gallery – aims to provide users with seamless NFT minting and trading, operating on Core Chain. According to the website, the marketplace boasts hosting more than 20,000 NFTs created by over 50 artists.

The Core Journey NFT collection is live on the new marketplace, the release shared by the company to Cryptonews, read. As Bitcoin finance (BTCfi) is booming, “the Core community has crafted a captivating campaign to celebrate its journey with this amazing collection.”

On a further note, Core is also rolling out an incentive program to reward builders. The program, Core Ignition, would recognize developers for their contribution to the network’s growth.

Core Ignition enables users to have opportunities to engage and earn rewards alongside fostering the growth and adoption of Core.

“The Core network has seen immense growth since its mainnet launch in 2023,” Rines noted.

“It is becoming the most Bitcoin-aligned EVM chain and the go-to chain to build BTCfi and scale Bitcoin with a massive community, which has translated into millions of Core adopters, over 15M unique addresses, and 230M transactions.”

Recently, Core released a paper on ‘Unlocking Bitcoin DeFi,’ and launched the Core Starter Program, backed by over $300,000 in incentives.

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