AlienSwap is the first membership-based NFT marketplace where 100% of the revenue is returned to the community. The firm allows users to trade NFTs and invite their friends to earn from their rewards. The firm has a scheme AlienSwap Pass, that allows its members to enjoy an additional 20% commission rebate.
The definition of the NFT marketplace is uncertain as tens of millions of users from around the globe have joined the sector and consequently creating new needs and demands that need to be met by firms offering services in this sector. The situation on the ground is however, moving slow as big players in the sector are trying to grab long-term monopolies through capital rather than leveraging communities and the power of users. This centralized business model has gained profits from web3 for along time but has one major downside, it lacks effective incentives and economic models to give back to the community.
Therefore, AlienSwap has managed to secure $12 million in a recent strategic funding round with the purpose of building the leading NFT trading layer. The financing round was co-led by NEXT Leader Capital and C² Ventures. This round also garnered participation from other venture capitals including OKX Ventures, Araceae Capital, BIP32 Venture, Hyper10n Capital, Eureka Trading, Mission Street Ventures and Phyrex among other several seed round investors.
The proceeds of this fundraising round will be utilized in facilitating the expansion of AlienSwap’s engineering team, develop innovative NFT liquidity and trading tools as well as increase its investment in NFT infrastructure. The firm has also announced an imminent initiative where the firm will launch AlienSwap Pro and NFT Space Race Airdrop event in the coming week. The rewards from this launch are set to be 2 to 5 times the amount spent on period1 Airdrops.
AlienSwap aims to facilitate bulk purchases and listings to create a better NFT market for the community. The firm also facilitate NFT aggregation where users can access liquidity from multiple NFT markets and in the process ensure collectors are getting the best deal. In addition, the firm runs several membership-based schemes including AlienSwap Genesis Pass where members can enjoy exclusive airdrops and trading discounts.
Returning 100% of the proceeds acquired from NFT trading is definitely the latest innovative incentive in a sector that keeps evolving daily. The robust reward schemes and membership passes could lead to the onboarding of more users to NFT trading platforms but time and circumstances will ultimately validate or vilify the validity of this new business model.
