Egypt’s Remooz Launches Smart NFT Marketplace

Egyptian blockchain provider and NFT market Remooz on Saturday (July 16) rolled out a soft launch of a non-fungible token (NFT) marketplace called Minimum Viable Product (MVP), which will offer a free, user-friendly, socially engaging platform in which the digital assets can be traded, a press release said.

The release said MVP will allow trading in digital assets eCommerce style, and creating utility NFTs that Remooz said will be the new frontier for the digital assets.

Remooz said different from some platforms, as it’s based on Hyperledger Fabric, an open-source, environmentally conscious enterprise blockchain that is private and offers fast transactions.

Remooz hopes MVP will build communities of creators, including graphic designers, writers, artists or audio-video content makers, who will be able to take part of the NFT sphere without the need of technical knowledge.

“Either serving the business-to-consumer (B2C) or business-to-business (B2B) segments, Remooz is redefining the blockchain infrastructure and making NFTs accessible to all,” said Marwan Salem, co-founder and CEO of Remooz.

NFT markets have been cropping up as the form gains popular, and PYMNTS wrote that GameStop has debuted a NFT market in early July. The market will help gamers, creators and collectors buy, sell and trade NFTs.

See also: GameStop Debuts NFT Marketplace

The report said GameStop will let users connect their digital asset wallets to the market, including the GameStop Wallet.

The company is also letting users own their own assets, as it will be a noncustodial Ethereum Layer-2 marketplace, and the assets will be secured on the blockchain.

The functionality will also be expanded to add more categories like Web3, gaming and other creators’ work.

GameStop has also been announcing various changes to its personnel, including firing Chief Financial Officer Mike Recupero and other corporate cuts.

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About: More than half of utilities and consumer finance companies have the capability to process all monthly bill payments digitally. The kicker? Just 12% of them do. The Digital Payments Edge, a PYMNTS and ACI Worldwide collaboration, surveyed 207 billing and collections professionals at these companies to learn why going totally digital remains elusive.

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