What are Joepegs? Joepegs is a featured NFT Marketplace on Avalanche that recently successfully raised $5M. Join us to learn about interesting features on Joepegs below in this article.
What is Joepegs?
Joepegs is an NFT Marketplace platform built and developed by Trader Joe on the Avalanche ecosystem.
Joepegs was first introduced to the market in April 2022. Joepegs was born with a number of core features such as:
- Allows users to self-mint and trade NFTs.
- LaunchPEG: Is a launchpad platform for NFT projects on the Avalanche ecosystem.
LaunchPEG supports the “Flat Mints” method which is the most popular method of selling NFTs on the market. NFTs will be sold at a fixed price before all NFTs in the collection are sold. In addition, the project can add a Whitelist feature (can be understood as free mint or mint NFT discount voucher) to its collection for the wallet addresses of members who contribute a lot to the project.
Joepegs has 3 levels of Unverified, Verified and Gold for collections on its platform.
Up to now, there have been more than 60 NFT collections listed on Joepegs through LaunchPEG and there are still many projects that will continue to be launched in the near future.
Update on NFT Situation on Avalanche Network
In October 2022, Opensea officially spoke up about supporting Avalanche’s network. However, most indicators such as Market Cap, Daily Volume, Daily Sale, Daily Active NFT Users or Daily NFT Transactions have decreased relatively much.
Core Team
Joepegs is a product within the Trader Joe’s ecosystem.
Investor
November 14, 2022: Joepegs announced it successfully raised $5M in a Seed round led by FTX Ventures and Avalanche Foundation. Recently, Trader Joe’s team also spoke up about the fact that this investment deal was made in June 2022, so it was not affected by the collapse of FTX.
Joepegs Project Information Channel
- Website: https://joepegs.com/
- Twitter: https://twitter.com/joepegsnft
- Discord:
Summary
Joepegs is a prominent NFT Marketplace platform on the Avalanche ecosystem. With the support of Opensea, I expect that the NFT market in general and Joepegs in particular will have many positive changes in the coming time.