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At NFTrade, we are building towards providing all of the necessary technical infrastructures to take the NFT ecosystem to new heights, and with our latest launch, we are continuing to break down these barriers. We are thrilled to announce our live integration with MoonPay, introducing fiat payments into the NFT space. Through this partnership, MoonPay provides a fiat on-ramp for NFT buyers, sellers, and collectors, making it easier than ever to access NFTs without many of the technical barriers to entry users previously had to experience.
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<h1 style="text-align: center;">The Fiat Purchasing Process</h1>
Through our simple to use dashboard and wallet interface, users will be able to quickly and seamlessly buy cryptocurrency with their credit and debit cards, making these payment forms accessible to the broader cryptocurrency and NFT community. To get started, all you have to do is connect your wallet to NFTrade, and the rest of the process is simple and straightforward.
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Once your wallet is connected to NFTrade, click on the &lsquo;Add Funds&rsquo; button to start the purchasing process through MoonPay. Once you click this, a new window will pop up, prompting you to put in information about the type of cryptocurrency you want to purchase (which will depend on the network of the NFT you want to purchase), the amount of crypto you want to buy, your wallet address to receive the funds, and so forth.
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After you&rsquo;ve confirmed the cryptocurrency and the amount you&rsquo;d like to purchase, press &lsquo;Continue&rsquo; to go on to the next steps. You will be asked to enter your cryptocurrency wallet address and an email address where MoonPay can send you a verification code. After entering the verification code, you will be asked to enter your billing address so that your card can be charged for the cryptocurrency purchase.
Finally, after putting in your credit card details and confirming the purchase, your new cryptocurrency will be seamlessly transferred to your wallet, allowing for the easy purchase of NFTs using fiat as your base currency. We are super excited to see how this impacts the broader NFT ecosystem, and know this is a step in the right direction in regards to introducing NFTs to a broader audience of global users.
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NFT Purchases With Fiat Are Now Possible Thanks to NFTrade’s MoonPay Integration — Live Now

Buy With Credit Card On NFTrade

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Whether you are developing a dApp, play-to-earn game, metaverse, profile picture collection, or anything in between, making sure that your NFTs are visible, accessible, and usable within secondary marketplaces is of utmost importance to long term community usage and growth. Previously, there was no way to test this viability, but now, we are happy to announce this is no longer true, as we have just integrated the Rinkeby (Ethereum) and Fuji (Avalanche) testnets into NFTrade!
Through this integration, project development teams can easily test out their collections and make sure they function as designed, taking out the guesswork previously associated with launching a new NFT collection. Once your wallet is connected to NFTrade, you can choose to operate on either Rinkeby or Fuji to determine how your NFTs will look and function once live.
Testnets are accessible through the following link: <a href="https://testnets.nftrade.com/">https://testnets.nftrade.com/</a>
Enjoy!
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NFTrade Launches Testnet Functionality For Rinkeby and Fuji

NFTrade Testnet

In the last NFT bull run, we saw a plethora of play-to-earn and NFT-based games hit the market, many of which were suffering from the same problem. They built out their infrastructure, designed everything to a T, and established a community, but with the rising prices of transaction fees, making all aspects of the game 'on-chain' became nearly impossible, ESPECIALLY for Ethereum collections. Ethereum is a 'layer 1', meaning it's a base layer protocol, and using optimizing protocols built on top of it, known as 'layer 2' solutions, a lot of these inherent problems around transaction speed and costs can finally be mitigated once and for all.&nbsp;
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With this in mind, given our thesis that crypto gaming will be the logical next step for the gaming industry at large, we wanted to work with industry leaders looking to solve this problem directly. With our next integration, we think we found that exact partner, and are thrilled to announce our launch with Immutable X on October 24th! Immutable X is a layer 2 scaling solution for Ethereum specifically focused on gaming, offering the Ethereum development community and user base the ability to launch the applications they've created with significantly faster transactions and ZERO gas, killing two birds with one stone.&nbsp;
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<h2>So, Why Immutable X?</h2>
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Ethereum is the leading smart contract platform by a long shot, but its current infrastructure is not currently scalable enough to handle the throughput necessary for mainstream games. For a game to be fully on-chain, meaning each interaction is recorded on the blockchain and is therefore immutable, transactions need to be almost instantaneous and very cheap, two aspects the Ethereum mainnet is not able to offer.&nbsp;
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Immutable X works by implementing Zero Knowledge Rollup (ZK-Rollup) technology, which works differently from 'conventional' blockchain transactions. Instead of individually adding transactions to the blockchain, ZK-Rollups batch multiple transactions and processes them off-chain before their on-chain verification, saving processing power and costs associated with using the Ethereum blockchain. The transaction data is then posted on the Ethereum blockchain for final confirmation. This saves gamers time, money, and energy wasted using other blockchains, but does not sacrifice the decentralized consensus of the Ethereum network. No longer will gamers have to worry about $1, $10, or even $100+ transaction fee costs, and they can still own, use, and monetize their gaming assets.
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<h2>The Immutable X Ecosystem</h2>
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Many of the projects available on NFTrade are games or gaming-focused, and considering Immutable X is the gaming-based scaling solution for Ethereum games, it is a perfect fit for us. You've probably heard of some of the top games in the Immutable X ecosystem, like Gods Unchained and Illuvium, but this is just the tip of the iceberg. There are a variety of flagship games across various genres that have already launched or are preparing to launch on Immutable X, and they will all be available for buying and selling on NFTrade! One such example is Immortal, a chess-based game with a twist. Not only is it backed by some of the biggest names in chess, but it presents new challenges for established and novice players alike, all while letting gamers own all aspects of their gameplay and in-game assets.&nbsp;
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<h2>The IMX Token</h2>
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The IMX token is the native cryptocurrency of the Immutable X ecosystem, providing utility and governance for the network and its participants. Users can earn IMX tokens by contributing to the platform and trading NFTs through Immutable's NFT trading rewards. IMX is used to pay fees, incentivize users, and vote on governance proposals and can be used within liquidity pools or for staking. The IMX token allows for decentralization and community governance to take place within the ecosystem.
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<h2>The Immutable X Rewards Program</h2>
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Not only is Immutable X building an incredible ecosystem, but they also want to incentivize early network usage, so NFT traders can now get rewarded in their native $IMX tokens for trading on the layer 2 protocol. You will need to ensure you have a registered wallet connected to an NFT marketplace (like NFTrade) and buy or sell NFTs equating to at least $10 or more on eligible collections. The more daily volume, the higher the rewards! This program will be available to all NFT traders that trade with Immutable X NFTs on NFTrade - find out more info <a href="https://www.immutable.com/trading-rewards">here</a>.
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<h2>More to Come</h2>
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There are a ton of reasons to be excited about the possibilities that Immutable X unlocks for gamers of all types, and we are excited to be a part of this journey to provide the marketplace infrastructure needed to help this growing ecosystem thrive!

NFTrade Integrates Immutable X: A Gaming-Focused ETH Layer 2

Although recently overshadowed by the drama surrounding the downfall of FTX, NFT creator royalties have been one of the recent hot-button issues of the industry. With protocols like SudoSwap, LooksRare, and X2Y2 creating or adding a feature that allows buyers to easily bypass creator royalties, many are arguing the pros and cons of these types of applications, and how other platforms should respond. So, what&rsquo;s the right way to approach this?
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<h2>Who Should Decide, the Creator or the Buyer?</h2>
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When thinking of some of the core tenets of blockchain and decentralization, code is law, meaning if some platforms have the ability to bypass royalties for buyers, then they should be able to. But what does this mean for creators as a whole? In our eyes, there are strong arguments on both sides, and some ecosystems will obviously split to zero royalty fee marketplaces based on user preferences, but we believe the creator should dictate the intricacies of their collection, not third-party platforms.&nbsp;
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Eliminating royalties for artists, developers, and creators detaches future profit potentials from long-term project success, which could disincentivize creators to stay attached to their projects in the medium to long term. This is exactly the opposite of what the industry needs; there are already enough pump-and-dump and &lsquo;get rich quick&rsquo; projects, and removing creator profits from long-term success can exacerbate this problem even further. Everyone needs to eat, and this includes buyers, sellers, and creators. This is especially true with free mints, as creators only have one option if royalties are removed, which is to save a portion of their collection to dump on the market further down the line (if the project ever becomes successful). This creates a high-risk circumstance for creators, not allowing them the chance to offer their products for free, eliminating earning a small percentage of each sale from the project they put blood, sweat, and tears into creating.
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At the end of the day, creators are responsible for the ecosystems they created on their own terms, and the buyer should respect those decisions or not partake in that ecosystem. Although technologically possible to remove this feature from projects, we believe that incentives need to be correctly aligned across all stakeholders for medium to long-term success, with the creators being some of the most important stakeholders (if not the most important) to potential future success. This can only be done if the creator has a say in the settlement process within their ecosystem, and also continuously rewards the growth and robustness of their project.&nbsp;
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We spoke with some of our industry partners, and they had varying views, with some refusing to give their opinion publicly, as they do not want to be perceived as &lsquo;controversial&rsquo; or anger people who believe in one side of the argument over the other. One of our partners who commented on this had a very similar outlook to us, acknowledging the technological possibilities of bypassing royalties, but understanding that it may not be best for the growth and sustainability of the NFT ecosystem.
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&ldquo;Web3 is still in its early days. We&rsquo;re seeing people experiment with all sorts of business models. For some things like royalties, the technology hasn&rsquo;t fully caught up, so enforcing them becomes more of a social convention. I think that projects and artists have the right to set their own rules, and we &mdash; as businesses and collectors &mdash; should do our best to support them.&rdquo; - Sandy Carter, SVP and Channel Chief, Unstoppable Domains
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Regardless of which side of the fence you stand on for this argument, one thing is clear, we should do everything we can as a community to encourage creators and help them build with long-term and sustainable models in mind.

We dive into NFT creator royalties and whether or not buyers should be able to bypass them.