Besides the Layer1 and Layer2 projects that have been continuously mentioned in recent times, there are still other projects surrounding NFT that are built and developed with diligence and enthusiasm.
Why do I say that? Let’s find out some information about MynaSwap through the article below to know more!
What is MynaSwap?
MynaSwap is a project developed on Avalanche Chain, allowing collectors to quickly trade with others around the world without any hassle in transportation or asset management ( For example: pictures, shoes, watches, etc…). In other words, MynaSwap is an intermediary that can help you preserve or trade your items.
What Makes MynaSwap Special?
One of the reasons why MynaSwap is special among other NFT trading platforms is that it bridges digital assets with physical assets. Let’s take a look at the project’s operating model to better understand.
For those who want to store or sell their items, you will need to send them to MynaSwap through couriers or yourself. Myna’s team of experts will verify and certify the authenticity of those assets, digitizing them in NFT form so you can easily conduct transactions with everyone at very low and fast fees. compact. Assets sent to Myna will be stored and preserved in a safe place, with high temperature and security conditions. The exchange of assets back from digital to physical form can also be done at any time you want.
Unlike other competitors in this segment, MynaSwap focuses on developing transaction speed, it allows transactions to be performed in real time with instant payment capabilities. Besides, charging lower transaction fees compared to other parties also gives Myna a competitive advantage even though it is a latecomer project.
Development Roadmap
Currently, the project has just raised capital through the Seed round, and the team has not said too much about the project’s development roadmap.
Core Team
Adeel Shams: Co Founder
- Is the CEO of the multi-million dollar Coolkicks athletic shoe retail chain. With strengths in the field of Social Media Marketing, Adeel has helped Coolkicks create a strong impression on social platforms with a following of more than 600,000 people on Instagram and more than 1.2 million subscribers on Youtube, of which There are many famous people.
- Building MynaSwap demonstrates Adeel’s idea of moving the Coolkicks trading platform from web2 to the Web3 space. With the advantage of owning a large customer base from Coolkicks, Myna’s potential to reach and expand is very large.
Bereket Abraham: Co-Founder
- Also a Co-Founder of Coolkicks.
- Bereket is in charge of business as well as fundraising. He is expected to help MynaSwap do well in the upcoming funding rounds.
Sukh Singh: Co-Founder & CEO
Investors
October 4, 2022: MynaSwap successfully raised $6M at a $50M valuation from investors such as Blizzard the Avalanche Fund, CitizenX, Polygon Studios, Madison Paige Ventures, AAF Management Ltd., Spartan Capital Securities, LLC, Wave Financial, BluePointe Capital, Eileses Capital, Odell Beckham Jr. & Kyler Murray.
Tokenomics
Updating…
MynaSwap project information channel
- Website: https://www.mynaswap.com
- Twitter: https://twitter.com/mynaswap
- Instagram:
Summary
Hopefully through the above article, you will understand better about the MynaSwap project.
Can MynaSwap’s team realize their vision to open up a new direction for the NFT market, bringing guaranteed value and optimizing transaction speed and efficiency? Are not? Please follow us to get updated information about the project.