APENFT (NFT) Price

What is APENFT (NFT)?

APENFT (NFT) is a blockchain platform designed to connect traditional art with digital technology through NFTs (Non-Fungible Tokens). Registered in Singapore on March 29, 2021, APENFT was founded by Justin Sun and Sydney Xiong to bridge the gap between world-class artists and the NFT market. By leveraging blockchain, APENFT provides artists with a transparent and secure way to create, store, and sell their art.

APENFT is more than just an NFT marketplace; it aims to foster artistic innovation by sponsoring galleries, organizing exhibitions, and incubating NFT artists. The platform uses decentralized storage technology (BTFS) for secure NFT asset management and collaborates with government agencies, universities, and industry experts to establish standards for healthy NFT development. Its involvement in blockchain-based use cases like value exchange, collaboration, and record-keeping sets APENFT apart as a transformative force in the industry.

How Does APENFT Work?

APENFT leverages blockchain technology to facilitate secure and transparent transactions involving NFTs. By utilizing BTFS decentralized storage, APENFT ensures that digital assets are both safely stored and easily accessible, enhancing the reliability of digital ownership. It functions as a comprehensive marketplace for digital art, helping both creators and collectors engage with NFTs in a trusted environment.

APENFT’s business model also focuses on community engagement through airdrops and staking rewards. Users holding major cryptocurrencies like BTC, ETH, DOGE, and TRX can stake their assets to earn NFT tokens, which fosters user participation while adding real value to the community. The platform also includes a legal tender component, as APENFT's token has been recognized as an official currency in Dominica, positioning it as a significant player in both the art and financial sectors.

APENFT Founding Team

APENFT was co-founded by Justin Sun, known for his role as the founder of the TRON blockchain platform, and Sydney Xiong, an expert in art and blockchain. Their combined expertise ensures that APENFT effectively bridges the world of art and digital technology, creating opportunities for artists to enter the NFT space. Sun's deep connections in the blockchain sector and Xiong's passion for integrating traditional art with blockchain technology set the foundation for APENFT's strategic direction.

The Chairman of APENFT, Steve Z. Liu, brings extensive experience in the international capital markets. With a background in finance from prestigious institutions like Fidelity International and Ant Financial, Liu provides leadership in expanding APENFT’s presence within both traditional and digital art markets. Together, the founders and leadership team contribute to a well-rounded, technically adept platform that aims to revolutionize how art is traded, owned, and appreciated.

APENFT Tokenomics

The native token for APENFT is called NFT. The token operates across both TRON and Ethereum blockchains, using ERC20 and TRC20 standards. The total supply of NFT tokens is 999.99 trillion, and they were initially issued on May 20, 2021, across major exchanges like Huobi, with a starting price of 0.00000012 USD.

The token distribution is structured to incentivize different sectors:

Artist Partners: 30%

DeFi Airdrop and Mining: 19%

NFT Team: 19%

Initial Exchange Listing: 2%

NFT Works Purchase: 20%

Partnerships: 10%

NFT holders have governance privileges, allowing them to vote on the management of artworks and participate in decision-making processes within the APENFT DAO ecosystem. Additionally, the platform incentivizes community involvement through staking rewards and airdrops, encouraging users to participate actively and helping to ensure the project's long-term growth and sustainability.

Click the image below to receive exclusive gifts up to $5,155 by signing up for a BingX user account.