Dubai, UAE, July 29, 2022 – (SEAPRWire) – Jungle, a community-driven and peer-to-peer non-fungible token (NFT) marketplace has announced the introduction of a reverse image recognition software that ensures the authenticity of all NFTs within its marketplace. The software identifies copymints and any NFT project that is a replica of an already existing project. The combination of the KYC protocol and the reverse image recognition software has made Jungle NFT marketplace arguably the safest in the industry. They are also incorporating a trade-to-earn feature for their teeming community. A Chainalysis report revealed that NFT collectors spent more than $37 billion buying NFTs within the first half of 2022. Jungle NFT marketplace seeks to enable these collectors to also earn rewards when they buy NFTs.
The marketplace is designed to be generally accessible to all, irrespective of whether the person is a novice or a seasoned NFT collector. The NFT industry has been on the rise, with projects like CryptoPunks and Bored Apes selling for billions of dollars, and the Jungle’s team is working to ensure buyers enjoy a cashback system for every NFT purchased on the platform.
Details about the ‘Trade-to-Earn‘ Feature
The JungleNFT ‘trade-to-earn’ feature allows the users to earn a percentage of the amount they paid to buy an NFT. It means that users get paid to trade on the platform. This is a revolutionary approach to further incentivize NFT buyers and collectors, thereby driving the NFT revolution. With the ‘trade-to-earn’ feature, buyers will get rewarded with 0.5% for every NFT they purchased on the JungleNFT marketplace. For example, in June 2022, the floor price of Bored Ape fell to $91,741. If a buyer purchases the NFT on the Jungle NFT marketplace, the buyer will earn over $458 as cashback for buying the NFT. Aside from celebrating NFT buyers by rewarding them, the JungleNFT team also ensures that the marketplace is completely free of copymints.
About Jungle NFT Marketplace
Jungle NFT Marketplace is a peer-to-peer and innovative NFT marketplace that is designed to provide authentic NFTs and reward buyers whenever they make a purchase. According to the founding team, they aim to become the safest NFT trading marketplace in the industry. To prevent copymints, the team has deployed KYC and the use of reverse image recognition software. With the software, the Jungle NFT marketplace will flag any new project that is an identical pixel-by-pixel replica of an already existing NFT – referred to as a copymint. It will also flag flips, rotations, filters, and other permutations to ensure Jungle marketplace is the safest in the industry.
As a way to support the current NFT revolution, Jungle is built to be easily accessible to all, including those new to the NFT space. The platform has a quick and easy payment process with multiple crypto wallets.
Contact: Kamron Yazdani, Director of Marketing
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