Infinity NFT Marketplace: The NFT Marketplace of the Metaverse

Hello friends! Today let’s talk about a project called “Infinity NFT Marketplace”, abbreviated as INFT. In the crypto world, there are quite a few projects with similar names, so today we’ll focus on the one positioning itself as an OpenSea alternative—“Infinity NFT Marketplace”—and its INFT token. Although I couldn’t find a complete whitepaper dedicated specifically to this “Infinity NFT Marketplace”, we can learn about it from some announcements and information on crypto data platforms. Please remember, this is just an educational introduction, not investment advice!

What is Infinity NFT Marketplace

Imagine you have a very special digital collectible, like a unique digital artwork or a rare in-game item, and you want to sell it to someone else, or buy someone else’s. At this point, you need a dedicated marketplace to complete the transaction. “Infinity NFT Marketplace” (INFT for short) is such a trading platform for digital collectibles (NFTs), positioning itself as a decentralized, community-driven NFT marketplace, aiming to be a strong competitor to large platforms like OpenSea.

It’s like a “Taobao for digital art and collectibles”, except this Taobao is built on the blockchain and hopes to give more power to users. To make it easier for users to migrate from other platforms (like OpenSea), it even reuses some of OpenSea’s underlying technology (smart contracts), so when users list their NFTs, they can save on some “fees” (gas fees), making transactions smoother. Not only that, it also supports some advanced trading features, such as “multiple order types” (m of n order types), “auto sniping”, and “automatic matching and execution of collection offers”—sounds a bit like a professional stock trading software, doesn’t it?

NFT (Non-Fungible Token): You can think of it as a unique digital asset certificate on the blockchain, proving your ownership of a digital item, such as digital art, music, game items, etc. Each NFT is unique and irreplaceable.

Project Vision and Value Proposition

This project has quite an ambitious goal—it hopes to better represent and meet the needs and desires of the NFT community. Simply put, it feels that existing NFT marketplaces may not be “democratic” enough, so it wants to build a platform where users have the final say. Its core value proposition is “community governance”, meaning the platform’s future development, rule-making, and even fund usage will be jointly decided by users holding its governance token.

It claims to be the first NFT marketplace to give direct control of the application and treasury to a “Decentralized Autonomous Organization” (DAO). It’s like a village managed collectively by all residents, rather than dictated by a single village chief. It has even been compared to “the FTX of the NFT space”, aiming to be a community-driven, anti-traditional institution alternative.

DAO (Decentralized Autonomous Organization): You can think of it as a company or organization without a central leader, where all decisions are made through smart contracts and token holder voting.

Technical Features

From a technical perspective, “Infinity NFT Marketplace” is a decentralized NFT trading platform. It mainly runs on the Ethereum blockchain, and to facilitate OpenSea users, it reuses OpenSea’s smart contracts. The benefit of this approach is that it doesn’t need to build a complex contract system from scratch, and since it uses contracts already validated by OpenSea, it theoretically reduces the risk of new smart contracts. Additionally, it offers some advanced trading features, such as support for complex order types and automated trading strategies, which may be attractive to professional NFT traders.

Smart Contract: A piece of code running on the blockchain that automatically executes once preset conditions are met, like a self-enforcing digital contract.

Tokenomics

Basic Token Information

• Token Symbol: INFT
• Issuing Chain: Ethereum platform
• Total Supply: 1,000,000,000 INFT
• Circulation: According to some data platforms, the current circulating supply of INFT is 0, and market cap and other data also show “insufficient data”. This may mean the token’s liquidity is very low, or the project is at a very early stage.

Token Utility

The INFT token is the core of the “Infinity NFT Marketplace” ecosystem, with multiple uses:

• Platform Driver: It is the driving force of the entire marketplace.
• Decentralized Curation: INFT token holders can participate in decentralized curation of NFT collectibles, helping discover and promote quality content.
• Community Interaction: Can be used to “favorite” NFT series you like.
• Trading Incentives: The platform uses INFT tokens to incentivize trading activity.
• Lottery Participation: INFT token holders have the chance to participate in platform-hosted multi-million dollar USDC lottery events.
• Curator Rewards: Those who successfully curate collections, if they generate trading fees, can receive ETH as a reward.
• Supporting Collections: INFT token holders can also stake their tokens to support their favorite NFT collections, and may even influence the value of those collections.
• Governance: Most importantly, INFT is the platform’s governance token; holders can participate in platform decision-making and have a say in its future direction.

Token Distribution and Unlocking Information

A notable feature of the INFT token is that it airdropped most of its governance tokens (initially planned at 10%, later adjusted to 60%) to users who traded on OpenSea before October 4, 2021. The airdrop amount was calculated in tiers based on users’ trading volume on OpenSea. Users needed to earn these airdrops by trading on “Infinity NFT Marketplace” within the following 60 days.

Airdrop: The act of a project distributing tokens for free to specific users, usually to promote the project or reward early supporters.

Team, Governance, and Funds

Regarding the “Infinity NFT Marketplace” team members, public information does not specifically mention the names of core members, only referring to “the team behind the project”. However, the project’s core philosophy is “community governance”, meaning it aims to operate in a decentralized manner. It is the first NFT marketplace to give direct control of the application and treasury to a DAO, showing it values the community’s role in decision-making.

In terms of funds, “Infinity NFT Marketplace” charges a 1.5% transaction fee on each trade, which goes into a community-controlled treasury. The use of this treasury is also decided by INFT token holders through governance voting.

Roadmap

Key Historical Milestones and Events

• October 2021: “Infinity NFT Marketplace” officially launched.
• October 2021: Announced and launched the INFT token airdrop plan for OpenSea users, aiming to attract OpenSea users to migrate to the new platform.

Future Key Plans and Milestones

According to the project’s early plans, “Infinity NFT Marketplace” will continue to develop based on community feedback.

• New Feature Integration: Plans to support new integrations, such as data analytics tools, to provide richer functionality.
• Derivative NFT Creation: May support the creation of derivative NFTs in the future.
• Programmable NFTs: Introducing “programmable NFTs” with built-in utility; the first batch will be used for INFT token yield farming and liquidity mining.

Yield Farming: Earning crypto rewards by providing liquidity or staking assets in DeFi protocols.

Liquidity Mining: Providing liquidity to decentralized exchanges and receiving platform tokens as rewards.

Common Risk Reminders

In the cryptocurrency and blockchain space, every project comes with risks, and “Infinity NFT Marketplace” is no exception. Here are some common risks to be aware of:

• Economic Risk: Currently, INFT token’s market cap, circulating supply, and trading volume on major crypto data platforms all show “insufficient data” or zero. This means the token may lack liquidity, trading activity is very low, and for investors, buying and selling may be very difficult, with potentially extreme price volatility. In addition, mainstream exchanges like Coinbase and Binance have explicitly stated that INFT is not traded on their platforms, further limiting its accessibility and liquidity. The entire crypto market itself is highly volatile and affected by many factors; investing in crypto assets carries the risk of losing principal.
• Competition Risk: The NFT market is highly competitive, with leading platforms like OpenSea having large user bases and financial backing. As a newcomer, “Infinity NFT Marketplace” faces huge challenges in standing out and continuously attracting users.
• Information Confusion Risk: In the blockchain world, multiple projects use “Infinity” or “INFT” as their name or token symbol, which can easily lead to information confusion and requires careful identification. For example, besides the NFT marketplace discussed today, there is also an “Infinity (INFT)” project focused on social gaming and DeFi running on Binance Smart Chain.
• Technical and Security Risk: Although the project claims that reusing OpenSea’s smart contracts can reduce risk, smart contracts themselves may still have unknown vulnerabilities. Additionally, operating and maintaining a decentralized platform may face technical challenges and security threats.

Verification Checklist

• Block Explorer Contract Address: The INFT token’s contract address on Ethereum is
  0xbAdA557cdFA4f5a45bf7fed3cBb40Db567f9E9Ad
  . You can use this address to check token transaction records and holdings on Etherscan and other block explorers.
• GitHub Activity: No public information has been found regarding the project’s GitHub repository or its activity.
• Official Website: Although multiple platforms mention an “official website”, no specific link is directly provided.

Project Summary

As a decentralized NFT trading platform, “Infinity NFT Marketplace” aims to create a community-driven marketplace where users have more say, and tries to attract users by reusing OpenSea’s smart contracts and airdropping INFT tokens to OpenSea users. The INFT token is designed as the core tool for governance, curation, and incentivizing platform activity. However, based on currently available market data, the project faces challenges such as insufficient liquidity, low trading activity, and limited listing on mainstream exchanges. At the same time, the existence of multiple projects with similar names or token symbols increases the difficulty of information identification. For anyone interested in this project, it is strongly recommended to conduct thorough independent research and fully understand the risks involved. This is absolutely not investment advice.