Artion, the new NFT marketplace which has the appearance and feel of OpenSea NFT platform, has been launched on the Fantom blockchain.
Andre Cronje, the inventor of Yearn.finance, has launched a new NFT marketplace on the Fantom blockchain dubbed Artion, which has the same appearance and feel of OpenSea.
Artion, on the other hand, does not accept commissions. It will eventually support the same ERC-721 tokens as OpenSea, and minting an NFT on Fantom costs merely 1 FTM (about $1.3). On Ethereum, minting NFTs can cost several hundred dollars.
NFTs from Artion are kept on the decentralized web hosting network IPFS, are limited to 15MB in size, and are priced using feeds from the decentralized oracle network Chainlink. Artion is currently faster and cheaper than Ethereum-based OpenSea because it is based on the Fantom blockchain.
Cronje anticipates other people to fork Artion because it’s completely open-source. Cronje told Coindesk that he isn’t attempting to sink OpenSea, but rather enjoys “creating flames.” Cronje followed up with a GIF that said, “It’s not about the money, it’s about delivering a message.”
Artion is out!
Artion is an open source NFT marketplace built on Fantom.
🔹 near-zero tx cost and instant finality
🔹 0% commissions on sales
🔹 low minting fees
🔹 @chainlink price feeds
and much more to come!https://t.co/Dse9ksvw39
— Fantom Foundation (@FantomFDN) September 24, 2021
Right now, Artion’s biggest restriction is its lack of options. On Artion, there are roughly 50,000 NFTs, all of which are Fantom NFTs.
Rarity, Cronje’s take on Loot, sits at the top of the list. StrangeBrew, FantomPunks, Ancestral Umans, and Fantom Waifus are among the rising projects in Artion’s portfolio.
The bulk of popular NFT applications use Ethereum, including OpenSea, which handles the vast majority of secondary NFT sales. However, Artion’s limited collection may be changing shortly.
Cronje’s first blockchains to integrate into his marketplace are Ethereum, Avalanche, Polygon, and Arbitrum, and he aims to add a new blockchain every week.
“Vampire mining” is the process of sucking up a competitor’s platform by forking it or offering a service with similar pricing or additional incentives.
Sushi did it to the decentralized exchange Uniswap last summer, and it worked: the protocol is now worth billions of dollars. Cronje told Coindesk that vampire mining is “not my game,” but that because Artion is open source, other teams might use Artion’s code to take on OpenSea.
If Cronje’s marketplace inspires smart developers, OpenSea might be in for a real struggle.