According to WazirX the creators of individual projects have always been exempt from the race because it was difficult to design and use an intelligent contract as well as create an outline to their collection.
Nano NFT aims to revolutionise the whole process of creating NFT collections for individuals who are creators
WazirX NFT Marketplace has launched an initiative dubbed Nano NFT that allows creators to create custom smart contracts to make the whole manufacturing process for Non-fungible Tokens (NFTs) easier and less time-consuming and complicated.
According to the company, the creators of NFTs usually are unaware of the issues which prevent them from launching their ventures.
“Cost is the primary consideration and a project of 10k needs a six-figure budget in order to expand. However, with Nano NFTs creators will have their own website , so users can be able to claim and release NFT thanks to an individual smart contract in which they are able to create the NFTs in accordance with traits and features that are rare,” WazirX said in the statement. “10K” is the amount of total NFTs collected.
Smart contracts are software programs which are stored in the Blockchain. In the WazirX NFT Marketplace Smart contracts for collections could be considered as folders that contain NFTs.
The NFTs are stored together in the event that you mint them to create smart contracts. Smart contracts offer creators the greatest freedom over the collections they create and they are able to move their collections wherever they’d like in the near future. It’s crucial to remember that creators are required to pay the cost of gas for each piece that they put in their collection. People are selling salman khan NFT at good prices on Wazirx marketplace.
In the NFT ecosystem prior to smart contracts, it was necessary to mint NFTs in a series, one at a time, and they could expect to pay $100 to $150 in fuel costs for just one NFTs. Following this, there was a collection that allowed the creator to create their own folder of NFTs which needed to be produced for every NFT.
This system can cause numerous issues for creators since when someone has 100 NFTs that need to be mint 100 times before they can put in the collection in order to create a folder. creators must pay for gasoline for each NFT produced. To address all these issues for creators the introduction of smart contracts. They were able to solve the issue of the gas price and many more.
Many globally recognized brands have launched NFT collections through the aid of third-party platforms and owners.
According to WazirX the creators of individual projects have always been left out of the game because it’s difficult for them to design and use an intelligent contract as well as create a plan to their collection.
Nano NFT aims to revolutionise the whole process of making NFT collections for creators of individual. The smart contract allows creators full control over their collections.
In a statement on the announcement, Sandesh Suvarna, vice-president, WazirX NFT Marketplace said, “As a platform, our goal was always to create an environment that is safe for artists and their work to flourish on.