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A report released by Forbes showed that the NFT market capitalization grew by 1,785% within the first half of 2021. In another development, Reuters reported that NFT sales volume hit $2.5 billion within the same period. There is, therefore, no doubt about the economic viability of the NFT market, hence the reason more projects are jumping in to take a slice of the market share. Today, there are several NFT platforms with varying services to community users.
One of such projects is the Sweet NFT platform. Although the NFT market is increasingly growing, many people still find it difficult to access these collectibles. The Sweet NFT platform is seeking to disrupt the marketplace by allowing people more access to these collectibles.
The Sweet NFT Platform
Sweet is an NFT ecosystem with the aim to power the blockchain digital collectible NFT revolution. One of the ways they plan to achieve their goal is by pioneering the flexible distribution of NFTs. The platform created a system that allows its community to share, sell, gift, auction bundle, integrate, and drop NFT collectibles anywhere they want. People can move NFTs to their own e-commerce stores seamlessly.
With Sweet, users can create NFT collectibles on different NFT compatible chains. Currently, the platform supports both the SLP and ERC-721 standards for NFTs. They also plan to integrate more NFT compatible blockchains as the NFT marketplace evolves. One of the major differences between the SLP and ERC-721 standards is the carbon footprint. The carbon footprint of the SLP-based NFT standard is 500 times smaller than its ERC-721 counterpart.
The Sweet app is a blockchain wallet that allows users to manage their digital collectibles. However, the wallet does not hold general blockchain tokens like BTC, ETH, LTC, etc.
The Case Study of New York Knicks NFT Collection
When the more than 15,000 Knicks fans arrived at the Madison Square Garden for the first NBA playoffs, the entire New York City felt the impact. As these fans dispersed at the end of the game, it was obvious that each of them wanted to have a piece of what they felt at home with them. Going home with a piece of that famous arena will certainly mean a lot for those fans at that time.
Unknown to these fans, their club (Knicks) already set a plan in motion to make the memory of that game and four others like it indelible for the fans and the entire Knicks Franchise. The New York Knicks will be commemorating their 2020-2021 season with 5 limited edition 3D NFT tickets. These ticket collections were launched on the Sweet NFT platform on July 27, 2021.
Sweet is helping the New York Knicks to ensure these limited edition NFTs are accessible to everyone without any restriction. It doesn’t matter if you are a diehard Knicks fan, a general sports lover, or just an NFT enthusiast; Sweet has made the 3D NFT so easy to own.
Sweet is creating a system that will make it easy and simple for users to buy NFTs the same way they can purchase anything using Apple Pay, PayPal, Google Pay, Credit and Debit cards, etc. To buy any of the available 5 commemorative NFT tickets, fans can use the checkout methods they prefer. Once the purchase has been made, the buyer will be required to either sign up with a mobile number or an email address. A registration code will be sent to the number or email address for confirmation. Once confirmed, the buyer will be asked to generate a password, which is the end of the process. At this point, the buyer can see, flip, and spin their 3D Knicks NFT ticket.
Conclusion
Sweet NFT platform is currently working on making it easy for NFT owners to display their collectibles to the watching world. If they pull this off, it will be a game-changer in the drive to mass adoption of NFTs.