NFTY Labs Update — October 10, 2021

Another NFTY Labs update is here! A lot of mind-blowing events have happened since our last update, and we would like to inform you about events you might have missed.

Public Token Sale: Record-Breaking IAO

We had our token launch on September 29th, 2021, and we’re incredibly grateful for the overwhelming support we received from the NFTY community, our launchpad partners, and the NFT ecosystem at large. Before the launch, we announced our Launchpad partners — an IAO on ApeSwap and an IDO on CyberFi. On launch day, the floodgates opened, and we quickly reached our target goals on both platforms. Then the extraordinary happened — our token launch was oversubscribed by over 13,000% with over $100M committed, breaking ApeSwap’s All-Time Initial Ape Offering record. A fantastic feat we’re proud of. You can have a look at our public sale tokenomics for that historic event. We were also featured ApeSwap September’s report.

We are also happy to report that we’re also live on CoinMarketCap, CoinGecko, and Nomics.

Kudos to the team for such incredible achievement. Remember to watch out for our $NFTY Staking announcement!

Behind The Scenes — Development Updates

The dev team has been hard at work. We recently released NFTY Labs Technical Update sharing the latest updates about our core product — NFTYConnect.

A couple of weeks back, we also announced the launch of our NFTY Network Website. The NFTY Network governs our NFTY utility token, and it was nice to have a central repository for it. We also released updates on the Desktop App. Additionally, we are glad to have partnered with HashEx in completing our smart contracts audit. Here’s the complete audit report.

Lastly, we’re currently looking for a Full-Stack Python Engineer. If you would like to build the future of NFTs, NFTYLabs is the place to be.

Partnerships and Community Engagement

We’re passionate about empowering niche NFT communities with NFTYConnect’s unique NFT utilities, which is why we’re excited about our latest partnership — Gods and Legends, a limited edition NFT card and comic collection on the WAX blockchain. In celebration of our new collaboration with GnL, we announced a Gleam giveaway with winners carting away many exciting prizes. Stay tuned for more exciting partnerships.

Furthermore, we’re happy to announce the NFTY rebrand, an attempt to help us better communicate our mission. In the same vein, we’re glad to inform you of our brand new Instagram page. Don’t forget to follow us, like, and share our posts.

Our leadership team has been really intentional about better connecting with the community. The CEO and COO have been hosting chats via Twitter Spaces and Telegram chats. They’ve also been conducting AMAs with Mogul — a DeFi and NFT platform for movies, Gods n Legends, and ApeSwap. Please follow us on Twitter for more community chat updates.

We would also like to inform you about our Product Roadmap and Whitepaper release. Do check them out and get acquainted with the unique features we’ve got in store for you!

NFT Journal

Since the last NFTY Labs August update, we’ve published Chapter Nine, Ten, Eleven, Twelve, and Thirteen of the NFT Journal. We’re grateful for the generous support the Journal has received, and we assure you of our utmost commitment to keep providing you with intriguing happenings in the NFT ecosystem.

If you’re looking for an exciting newsletter that tells you about the latest juicy and innovative trends in the NFT ecosystem, definitely check out our weekly NFT Journal released every Monday.

Subscribe to our newsletter today!

NFTY Labs Internal Spotlight

In our NFTY Spotlight Feature, we shine the spotlight on a member of the NFTY Team.

Meet Brett, Head of Account Management & Community Research

Read Story Here

You can also check out our team page to know the people pushing NFTYLabs to greater heights.

About NFTY Labs

NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.

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