What currency is MPLX? MPLX coin investment prospect analysis

The Metaplex Foundation wishes to announce a strategic funding round bringing $46 million in new capital to the ecosystem. This is a big step towards realizing the vision of further developing the Metaplex protocol and providing the tools to build a human-centered metaverse. The funding round was co-led by investment firms Multicoin Capital and Jump Crypto. Backers of the Metaplex protocol include musicians, athletes, designers, influencers, actors, models and chefs, and others looking to NFT platforms to engage audiences directly without any middlemen. people. So what currency is this MPLX? Let the editor analyze the investment prospects of MPLX currency for everyone.

What currency is MPLX?

MPLX coin is the native token of Metaplex, a project that will have “several key areas of development that the Metaplex Foundation will initially focus on,” Metaplex Foundation director Stephen Hess told Blockworks. “This includes the introduction of an open NFT standard and minting process, tools that further support peer-to-peer commerce and Web3 identity systems using on-chain social graphs,” Hess said. "We believe these elements are at the core of Metaverse, and we are passionate about supporting projects and developers who are expanding the capabilities of the Metaplex protocol."

Other investors in this round include Michael Jordan, Kevin Love, Ndamukong Suh, Celebrities such as Obi Toppin, Allen Iverson, Arnold Poernomo and Lily Liu also participated, as well as Alameda Research, Solana Ventures and Animoca Brands.

Kyle Samani, Managing Partner of Multicoin Capital, said in a statement: “NFTs introduced millions of people to cryptocurrencies in 2021 and showed the world a way to connect directly with fans. A new way to build relationships. ”

“Metaplex accelerates this trend by radically lowering minting and transaction costs, making NFTs more accessible to the long tail of creators, each with their own true fans. "The Metaplex Foundation previously launched an NFT market in June 2021 in partnership with Solana Labs and cryptocurrency exchange FTX.

MPLX Coin Investment Prospect Analysis

Since its launch last June, the Metaplex community has created tools to make minting and selling NFTs easier. For example, Metaplex Storefront and Candy Machine v2™ make launching new NFTs and trading experiences on the Solana blockchain as easy and smooth as possible.

“The community is excited to build tools that make it easy for developers, game studios and creators to start using Web3,” said Sergey Vasylchuk, Director of Metaplex Foundation. “We believe that the Metaverse will be open, censorship-resistant, and globally accessible. In this Metaverse, Metaplex will serve as a universal protocol and NFT standard, empowering the next wave of decentralized business, social and gaming experiences. ”

NFT is a huge market. According to DappRadar, NFT transaction volume has grown from $100 million in 2020 to a staggering $22 billion in 2021, with no signs of slowing down. Major brands such as Adidas, Nike and Gucci have jumped on the NFT trend. Coca-Cola raises over $575,000 in partnership with Decentraland. NFTs gained instant exclusivity as they entered the mainstream.

According to Kyle Samani, Managing Partner at Multicoin Capital, “Metaplex accelerates this trend by radically lowering minting and transaction costs,” making tokens “more accessible” than ever before. With almost non-existent costs, the true potential of NFTs will be limitless.

The above content is the editor’s answer to the question of what currency MPLX is, as well as the analysis of the investment prospects of MPLX currency. Metaplex announced its partnership with Strata Protocol last week as part of the company’s commitment to building a dynamic ecosystem for its community. Metaplex integrates Strata Protocol’s dynamic pricing into the minting functionality within the federation. Users can use pricing tools to set up Dutch auction-style mints, changing prices based on demand to prevent fraud. The company said that the chances of daily minters obtaining NFTs during a typical fixed-price public mint are slim, competing with bots and click farms.

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