Introducing XRDegen: Insights from the Radix Blog

The Radix Grants Program has enabled the launch of some of the most innovative tools and decentralized applications within its network, empowering developers to explore new possibilities on the Radix platform. One such initiative is XRDegen, a comprehensive NFT marketplace and launchpad aimed at unlocking the creative potential of the Radix community. With robust minting capabilities, fluid trading options, and an intuitive user experience, XRDegen is establishing a new benchmark for NFTs on the Radix platform.

What is XRDegen?

XRDegen provides a lively and user-centric platform for NFT trading, serving enthusiasts whether they are searching for unique items, selling collectibles, or simply navigating a dynamic ecosystem.

This marketplace facilitates easy transactions by offering universal access, enabling users to effortlessly buy or sell NFTs from any collection on Radix. For those interested in unlisted items, users can submit offers, simplifying negotiations for virtually any digital asset on the Radix blockchain.

“If I could pass on one tip about the marketplace, it would be this: Check your profile regularly! You might have offers waiting for you.” With XRDegen, trading is not just a transaction; it’s an engaging experience.” – Ken, Cofounder of XRDegen

What sets XRDegen apart?

For creators aiming to introduce their NFT collections, XRDegen.com provides a range of tools that simplify the process, ensuring fair, transparent, and successful launches.

The platform boasts advanced features, including randomized and progressive minting, where asset IDs remain undisclosed, even to the creators, until the minting occurs.

“We designed this approach to maintain fairness and excitement for all participants. The random element means that even we are unaware of what is rare until it is minted. On XRDegen, trust is an integral part of our system.”

Additionally, the progressive minting feature allows assets to be minted individually on the blockchain at the time of purchase, minimizing upfront costs for creators. Once assets are minted, Collection Verification is both free and straightforward, boosting credibility without any hassle, while the optional Featured Projects program enhances visibility through advertising opportunities. In the near future, creators will even have the option to dox themselves on XRDegen if desired. We’re committed to fostering trust between creators and their communities.” – Ken, Cofounder of XRDegen

Royalties for Everyone

Royalties are fundamental to a vibrant NFT ecosystem, enabling creators and their communities to reap rewards long after the initial minting. XRDegen fully embraces this ethos, allowing every collection the chance to implement royalties at the discretion of their founders.

The process to claim ownership of a previously launched collection on Radix merely requires holding the Owner’s Badge, exemplifying the brilliance of the Radix Tech Stack.

Once ownership is secured, creators gain access to numerous benefits beyond just enforcing royalties on their secondary sales. This framework not only guarantees ongoing financial support for founders but also reinforces their connection to their creations, cultivating a sustainable and rewarding atmosphere for artistry on Radix.

Rewards Program: An Enhanced Incentive Structure

XRDegen has launched a rewards program designed to promote user engagement. Whether you are buying, selling, holding, or creating, the platform ensures that your involvement is rewarding.

“We want everyone to appreciate the value of participating in the NFT community here on Radix. The simplest way to earn rewards is by checking in daily, but there are numerous other opportunities too. I can’t share what the points will be used for yet, but it’s going to be exciting.” – Ken, Cofounder of XRDegen

Who are the founders?

XRDegen is the brainchild of two prominent figures within the Radix ecosystem: Ken DeFreitas (also known as The Machinist) and Aaron Guyett.

Ken has consistently been a driving force in the community as the host of the popular Radix Review podcast. Alongside Aaron, an experienced developer with knowledge spanning various blockchains, they have created a platform designed to stand alongside the leading digital asset marketplaces in the crypto landscape.

“We recognized an opportunity to develop something truly exceptional for the Radix community. XRDegen is not just a marketplace or launchpad; it is a remarkable onboarding tool. If you have experience with platforms like Magic Eden or OpenSea, you will find our platform easy to navigate.” – Aaron, Cofounder of XRDegen

Discover More:

XRDegen is now live! For additional details about the project, please visit the website, follow the official X account, or join the XRDegen Telegram group.