What Is Element?

2021-08-22 00:00:00 · 398 views · 3 min read

 

Element, an Ethereum NFT trading marketplace favored by capital, is designed for creators, users and community, in order to help a large number of users enter NFTs market and promote the integration between traditional market and crypto economy. 

It has three main features:

  • Create

Create means mint. Element has designed a ‘delayed onchain’ mechanism to support creators to mint their own NFTs in one click without paying Gas fee. This means that creators can access the NFT trading market at virtually no cost.

 

  • Discover

Discover means search. Element provides data-based services such as asset classification, search, ranking, transaction history, etc. In this sense, Element is an NFT pro browser tool that processes data in Ethereum network, allowing users to search including wallet addresses, transaction volumes, and account addresses.

 

  • Exchange

Exchange is the core of Element. In terms of trading models, Element currently supports different trading services such as English Auction and Dutch Auction, and will innovate more ways to play at a later stage, such as the blind box system that the team is developing.

Element’s users, volume and transactions have all dramatically improved in the past 30 days: Users +3533.33%; Volume +222579.18%; Transactions +6615.38%. The users and volume broke ATH on the same day 17th Aug. The future performance of this NFT marketplace is worth looking at.

 

 

 

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