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AAX launches NFT marketplace, users auction and win NFTs, participate in charity campaign | Invezz


invezz.com 26 August 2021 08:58, UTC
Reading time: ~2 m

AAX announced plans to launch its NFT marketplace with a number of extras planned, including an auction, a contest, and some interesting, highly awaited collaborations yielding unique NFTs, Invezz learned from a press release. The Asia-based exchange, which leads the crypto derivatives market for institutional investors in the Asia-Pacific region, boasts spectacular growth rates, with over 1 billion in trading volume in November 2020 alone.

High-end works, an auction, and a chance to win themed NFTs  

Apart from featuring select artists’ high-end works as a prelude to its new NFT marketplace, AAX is allowing users to win themed NFTs after trading and auction their NFTs for a charity campaign at the same time. These are the exchange’s first steps to prepare for the upcoming marketplace launch. The final step will be the minting and exhibit of a series of high-end NFTs in partnership with an NFT artist, who has not been identified yet.  

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Toya Zhang, COO of AAX, commented:

“Technology advances will inevitably bring other forms of changes. The last wave we witnessed changed cassettes to Spotify and much more. The same changes occurred with respect to art: it was an amazing revelation when 3D printing was used for installation artworks. Blockchain technology enables NFTs and allows the artwork to live in the virtual world with its uniqueness and unique value. The total market cap for NFTs is unfathomable. We are taking a small step forward but opening the NFT world to more users, and encouraging artists to try the new formats of work.”

Chance to win AAX mascot, participate in charity campaign, and more  

AAX users can enter a lottery draw and win Alex and Ava_7 themed NFTs as well as take part in an NFT charity campaign. To do that, they will be asked to submit NFT creations. AAX will choose the top 5 within 5 business days of the end of the campaign and issue them to the NFT marketplace for auction for a week. The exchange’s customers can recreate the AAX logo any way they want; in music, video, or image form. The creatives are shared on Twitter, Facebook, or Instagram with the hashtag #MyFirstNFTWithAAX.

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