Justin Sun Launches Tron NFT Platform: Here’s What You Need To Know
Justin Sun's SunPump has partnered with blockchain-based token marketplace APENFT to introduce a launch pad for digital collections.
The new platform expands offerings for the Viral Token launch pad and follows up on recent commitments made by Tron executives.
SunPump groups for NFT launch
Justin Sun announced the launch pad in a post on X (formerly Twitter). He mentioned the first fair launch platform for NFT collections on the TRON network. Named NFT Pump, the platform is live and available to users, including NFT enthusiasts, amateurs and professionals.
“For the first time in the world, NFT + MemePump has become a reality on Tron,” read the announcement.
Tron Executive presents NFT Pump as a fair, transparent and fun-filled, non-commercial adventure. He pointed out that all NFT trading fees go towards buying back and burning NFTs.
“Tron needs a native, truly high-quality NFT project. To be honest, if such a project comes to life, I will change my PFP to one from that project,” Sun shared at the time.
Read more: What is TRON (TRX) and how does it work?
The latest development reflects Sun's commitment to expanding Tron's influence. After weeks of fading steam, it deployed SunPump, a Tron-based token generator, to regain its Thunder. Other mechanisms already on the flying vehicle include the SUN airdrop, which is unique to the TRX cases.
Notably, the collection of digital collections on NFT Pump includes representations of famous celebrities. These include Elon Musk, Donald Trump, Changpeng Zhao (CZ) and Justin Sun, as well as animated characters and GIFs.
It remains to be seen if the NFT pump will achieve the same drag or noise level as the SunPump. The NFT playing field remains marred by challenges. According to BeInCrypto, 96% of NFTs are considered dead.
Read more: 7 Best NFT Marketplaces to Know in 2024
But for the NFT pump, the challenges go beyond regulatory pressures and scam projects. The new NFT meme launch pad inherently captures the dark cloud of FUD (fear, uncertainty, and doubt) that continues to follow the crypto executive. SAmong them are Om Operating and transparency gaps, which have an unexpected impact Projects lMarked they are.n.
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