NFT revolution started in 2021 and it is at its peak in 2022. Nonfungible tokens were sold in almost every category as artists around the world joined the trend and made millions of dollars. FTVIO was the leading NFT marketplace throughout the year.
FTVIO is an NFT marketplace by Fashion TV where the world’s leading brands showcase their NFTs and buyer meets seller. FTVIO has made quite a name and sooner going to be the best NFT marketplace. Millions of dollars of worth NFTs are already sold on this platform.
This review will discuss the pros and cons of FTVIO and how can you also make millions of dollars using this platform.
What is FTVIO?
FTVIO as the name presents is an NFT marketplace for Fashion TV. In a short span of time, FTVIO has developed a strong brand authority. The net worth of the platform is million of dollars as sales continue to boom.
FTVIO led the trend in 2021 and without a doubt, it is a profitable platform for artists. It is the only brand that is exclusively for designers and brands. FTVIO is owned by Fashion TV which was started in 1997. Hence, it is the most unique NFT marketplace.
How Does FTVIO Work?
As described earlier, FTVIO is an NFT marketplace. Artists from all over the world can create accounts and publish their NFTs. This platform is different from others because the platform is made for fashion designers. This platform is famous for some of the biggest sales of NFTs.
NFTs are nonfungible tokens and they cannot be replaced. Digital art has been the most popular way of making money in the world of NFTs.
FTVIO uses metamask wallet to add a small amout of funds to their wallets. Selling NFTs requires a small amount of gas fee and payments can be made in polygon and Etherium. Smart contracts provide security to the creators and all NFTs are checked before uploading through smart technology.
What Makes FTVIO Different?
A variety of features makes this platform different and better than others. These features are the reasons behind the success of this platform. These features are listed below:
User Control Over NFTs
Unlike other platforms, FTVIO uses smart contract technology to provide full security over the assets. Instead of saving the assets on FTVIO, they are saved in Etherium wallets.
For Fashion Lovers
FTVIO has done what no other platform could do. It is specially designed for fashion artists and brands all over the world. This is something that makes it a powerful brand.
Free Social Media Coverage
By showcasing your NFT on FTVIO you will gain the notice of millions through fashion TV channels and social media accounts. FashionTV has been collaborating with hundreds of major fashion brands over the past 25 years of its activity.
Collecting and showcasing your NFT through FTVIO means that you will get major media coverage through the fashion world. Purchasing an exclusive digital creation or collection means you’re given full ownership over the creation of the collection, which is then transferred and stored in your personal wallet.
Pros of FTVIO
Every NFT platform has pros and cons and in the case of FTVIO, pros dominate the cons. Some of the advantages of FTVIO are listed below.
Lower Fee
The fee is the main concern of many artists when it comes to selling NFTs. However, with FTVIO users don’t have to worry about the gas fee as it is lower than all other platforms. The platform charges less than a 3% fee on every transaction.
FTVIO marketplace is free of charge and users can set up everything without spending anything. It is convenient and to use with the lowest gas fee.
Active Support & Community
Customer support at FTVIO is one of the fastest when it comes to getting a response from the support staff. According to the website, all queries on email are resolved within 24 hours.
The platform has a large and active community of users. In Jan., it was stated that FTVIO reached 100 thousand users. It now has a market capitalization of at least 1 million dollars.
A Large Number of Fashion NFTs
FTVIO is specially made for artists and fashion brands to sell their NFTs. Don’t forget the platform is owned by Fashion TV. Users will have access to a large number of Fashion NFTs under one flag. They can choose their favorite fashion NFT and buy instantly.
Cons of FTVIO
Centralization
Currently, there is no NFT wallet and all users have to use metamask wallet and load some cryptocurrencies in their wallet. Hence, users cannot check the NFT information outside the platform. All the information and data of users are hosted centrally.
No Payments in Conventional Currency
It is another drawback of NFT platforms that they do not support traditional payments. Users are required to pay in Polygon and Etherium. Users cannot make payments in AUD, USD & TL. It is a problem for many of the users who have no wallets and rely on paper money.
In a nutshell, FTVIO is one of the best NFT marketplaces to sell your NFTs. It is unique for fashion artists who want to showcase their NFTs and want to sell them at the best price. It has an active community and amazing support where all queries are resolved instantly. However, users should be careful about the security issues and non supported currencies.
