Alchemy continues its expansion into the explosive non-fungible token (NFT) industry following a partnership with NFT platform Metavate
NFT art has recently taken the blockchain industry by storm, with high-profile auction houses selling million-dollar NFT art pieces and cartoon NFT avatars dominating popular social media channels. Although the art is undoubtedly appealing, the real hype is based around the unique nature of each NFT token and its verifiable authenticity on the blockchain. Unlike other digital files that can be easily replicated and distributed ad infinitum, an NFT owner has immutable proof of their purchase and license.
Once a minor underground movement within the cryptocurrency industry, NFTs are now a wildly popular phenomenon that has brought blockchain technology to the mainstream media. With big name musicians like Grimes and Kings of Leon jumping on the NFT bandwagon, there is no doubt that this burgeoning industry is now firmly here to stay.
Metavate's Debut Into the NFT Space
Metavate is a brand new NFT platform designed to bring together some of the most creative and talented artists and engineers in the industry. Consisting of a strong team of artists and developers in the crypto space, Metavate is poised to make a significant mark on the NFT industry. The team's mission is to collaborate with artists and creators from around the world and provide a means for them to mint and host their NFT art on the blockchain.
Primarily, Metavate is focused on helping to bring top-quality art to the blockchain and support well-recognized and talented artists. One such artist is the animator and illustrator MopheadBop Melchizedek (@mopheadbop), who enjoys a large Instagram following and hosts an extensive collection of pieces available on OpenSea. The inclusion of well-known artists such as this illustrates Metavate's deep understanding of the NFT industry and its potential for growth.
Why Metavate Chose Alchemy
However, working with blockchain technology requires a high degree of technical expertise too, which is where Alchemy comes in. To ensure all users of the Metavate blockchain platform enjoy a smooth and seamless experience, the team decided Alchemy was the best selection for their foundational development platform. Metavate team leader Daniel discovered Alchemy when he noticed other NFT platforms calling its application programming interface (API) and realized its potential. With an excellent reputation amongst blockchain developers worldwide, choosing to work with Alchemy was an easy decision for Metavate.
"Alchemy is recognized as the go-to developer platform for launching and supporting NFT projects. We’re excited to be partnering with the Alchemy team for our launch!”
Daniel Verrico, co-founder Metavate
As a platform that’s on track to support thousands of NFT artists and collections going forward, Alchemy's massive scalability will ensure the Metavate users have a smooth experience. In addition, the enhanced Web 3.0 APIs provide a quick and easy way for blockchain projects to gather critical metrics from within the metaverse. Already the choice of some of the world's leading digital art collectibles platforms like OpenSea and SuperRare, Alchemy is no stranger to the NFT industry and is well-positioned to support new projects of any size.
"NFTs are redefining how creators can monetize their work and connect with their fans. The awesome folks at Metavate are reinforcing that creator economy with this super cool drop!"
Paul Almasi, co-creator of Alchemy Amplify
Metavate's 'Lemur Lemur' Project
The first official Metavate project, Lemur Lemur, is a collection of 3030 hand-drawn generative art NFTs built on Ethereum's ERC-721 protocol. It features a cartoon character based on the real-life Lemur, a small primate native to Madagascar and made popular by the 2005 DreamWorks animated film of the same name.
Each character has individual traits designed to highlight their unique abilities and encourage trading and collecting amongst the community. The images were hand-drawn by illustrator and artist MopheadBop, with additional voxel creations by Bitpixi. The project will be minted today (Thursday, September 2nd, 2021) at 3:30pm PST, with each NFT selling for an initial price of 0.05 ETH.
Metavate is a brand new NFT platform designed to bring together the most creative and talented artists and engineers in the industry. Their mission is to collaborate with creators and provide a means for them to mint and host their art on the blockchain. Metavate works with various artists and developers from different backgrounds, with its latest project consisting of various NFT community members such as MopheadBop, StarkNaked, Diggs, N2, and Bitpixi.
Alchemy provides the leading blockchain development platform powering millions of users for 99% of countries worldwide. Our mission is to provide developers with the fundamental building blocks they need to create the future of technology and lower the barrier to entry for developers to build blockchain applications. Alchemy currently powers 70% of the top Ethereum applications and over $30 billion in on-chain transactions and has been featured on TechCrunch, Wired, Bloomberg, and numerous other media outlets. The Alchemy team draws from decades of deep expertise in massively scalable infrastructure, AI, and blockchain from leadership roles at technology pioneers like Google, Microsoft, Facebook, Stanford, and MIT.