APENFT Foundation and Kraftly Forged a Strategic Partnership with Support from a Dedicated NFT Fund
On October 16, APENFT Foundation tweeted that it had established a strategic partnership with Kraftly. APENFT’s dedicated NFT fund will be earmarked for the development and operation of the Kraftly project with an aim to enhance its functionality and liquidity. Moving forward, APENFT Foundation and Kraftly will make a joint endeavor to build TRON’s NFT ecosystem.
Founded in August 2021, Kraftly is a minting and trading platform for NFTs and digital collectibles on TRON’s blockchain. By providing a decentralized environment, it aims to create a democratic, transparent, and inclusive ecosystem where lovers of NFTs and the TRON ecosystem can gather together.
Both APENFT and Kraftly are built on TRON’s public chain and leverage blockchain as their underlying technology to popularize digital content. TRON’s public chain has gained wide industry recognition owing to its high transaction speed, high scalability, and low transaction cost, making itself a perfect fit for artists and art connoisseurs. Their strategic partnership is also embodied in the fact that all teams engaging in the project are driven by communities.
At present, TRON has 57 million users and over 2.5 billion transactions. It has also built a comprehensive NFT ecosystem, which is represented by its launch of TRC-721, one of the first NFT protocol standards.
APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system BitTorrent to deliver the mission of registering world-class artworks as NFTs on the blockchain. Current collections of the Foundation include Femme nue couchée au collier by Pablo Picasso, Portrait by Zeng Fanzhi, Ocean Front by crypto artist Beeple, and a whole NFT set Cube by crypto artist Pak.
Not long ago, APENFT Foundation announced the establishment of a dedicated NFT fund with its first phase being as large as $100 million. The fund will be used for building partnerships within and outside the industry, focusing on the investment and support of quality NFT, GameFi, and metaverse infrastructure projects. In addition to funding, investee projects will also be supported in marketing, public relations, finance, and legal advice. Meanwhile, TRON will provide technical and business assistance for their deployment on the TRON network.