Press Release

Nonfungible tokens have emerged as the most promising use case in the crypto universe and became all the rage among mainstream celebrities, including sports stars, pop stars and artists.

The Sota NFT marketplace is among the first in the crypto universe to support this trend by providing a platform that works on multiple blockchains, wallets and payment tokens, allowing users to optimize and have the best experience when creating or trading their NFTs. 

The platform added a new service to support its partners in easily engaging and expanding their businesses in the Sota market. Wallet providers or other partners now only need to provide a technical integration fee (approximately $3,000) to add their wallets or tokens to the Sota platform.

As a part of the new service rollout, Sota Finance and BitMart Exchange announced their official partnership to support tokens listed on BitMart to be integrated into the Sota NFT marketplace as NFT trading payment tokens.

A multichain NFT marketplace

The Sota NFT marketplace currently supports NFT creation and trading on five blockchain networks: the Binance Smart Chain, Polygon, OKEx, IoTeX and HECO chain.

Upon NFT creation, users can select the blockchain they want at the beginning of the process. Note that the users need to have a small amount of the chain’s native token to pay transaction fees. Users do not need to pay any costs other than their own blockchain transaction fees for NFT creation. The platform will only charge a 15% fee when the NFT is sold and 2.5% transaction fees for secondary trading.

Sota Finance is open to add new blockchain networks for better user experience and more business collaboration.

Wallet integration support

Other than the common wallets such as MetaMask or WalletConnect, Sota is in the process of adding a wallet from its partner, Onto Wallet. The team is working on adding new wallets such as Hyperpay and SWFT.

When signing up for an account on the Sota marketplace, users can select the wallet they want to use, connect and easily create an account with their existing wallet address.

Payment token integration support

Sota Finance also added several tokens from its partners for NFT payment on its NFT marketplace. Other than the chain’s native SOTA token, Tether (USDT) or Binance USD (BUSD) stable coins, the platform will also integrate many of its partners’ tokens.

Users can choose to pay for their NFTs using these provided tokens when buying NFTs on the Sota NFT marketplace. While NFT prices are listed in the U.S. dollar, payment amounts are calculated using real-time conversion rates from external exchanges.

Besides, Sota Finance plans to add a new swapping service to help users convert their tokens easily as part of its payment service.

About Sota Finance

Sota Finance is a company that provides NFT-related services, including the Sota NFT marketplace as well as the NFTA NFT auction and loan market. The Sota NFT marketplace hosts high-quality NFTs from a large number of artists and NFT content projects. NFTA Finance is a cross-chain platform that provides peer-to-peer NFT auction and loan services, focusing on high-value content NFTs. The company aims to become an NFT ecosystem to grow the NFT market to the next level and bring it to mass users.

To learn more about Sota Finance, please visit SOTA, NFTA, follow its Twitter and join its Telegram.

To apply for wallet or token integration to the Sota NFT marketplace, business partners can register using this form.

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 5.5 million registered users worldwide and ranked among the top crypto exchanges on CoinGecko. BitMart currently offers over 600 trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit its website, follow its Twitter or join its Telegram for more updated news and promotions. Download the BitMart app to trade anytime, anywhere.

This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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