Pi Network is a decentralized cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining their phone’s battery. The Pi blockchain is designed to secure economic transactions through a mobile meritocracy system and a full Web 3.0 experience where developers can build decentralized applications (Dapps) for millions of users. Let’s dig into the deep to know more about Pi NFT- the First Marketplace on Pi Network.
Pi NFT is a new addition to the Pi Network, and it is the first Non-Fungible Token (NFT) marketplace built on the Pi network and powered by Pi Chain Mall (PCM). It allows users to explore the possibilities of digital collections on the Pi Network and supports Pi payments. The platform is designed to provide authenticity and originality to users while compensating creators for their efforts.
The Pi NFT platform has a Decentralized Autonomous Organization (DAO) that reveals the NFT content before displaying it to users. It also enables secondary market sales when the Pi open main net is live, and creators can set up a 5% copyright tax for their collections to receive incentives for every NFT transaction.
The Pi NFT platform is a unique concept on the Pi Network that plans to reach out to global Pioneers who are part of the Pi ecosystem and educate them about the concept of NFTs. The platform also provides a way for creators to earn rewards by creating and selling their digital collections.