NFT Marvel Marketplace Coming to Binance Smart Chain – Yahoo Finance

The Marvel non-fungible token (NFT) marketplace is geared at bringing crypto traders and NFT collectors together. 

Fans of Marvel Comics and the Marvel Cinematic Universe (MCU) have a new NFT marketplace for traders and collectors to share. NFT Marvel is the first unique token in the world that is specifically geared toward Marvel Comics fans and wants to connect with the characters while making investments at the same time. 

The NFT Marvel Marketplace is a decentralized market built on the Binance Smart Chain (BSC). Creators can take assets and turn them into NFT tokens. Marvel fan tokens (MV), are at the center of the marketplace’s universe. MV tokens are earned with each interaction on the platform.

Interactions can include creating digital artwork and sharing them with the public. Users can also send the created NFT art as a gift package. Each gift sent also earns MV tokens. The platform announced it will randomly send custom NFT gifts to MV token holders.

NFT Marvel founders, while not employed by Marvel, are believers that the Marvel community will keep this project going and aid in continued development. They designed the token metric mechanism to reflect that.

For each trade, the transaction is subject to a 6% tax fee, which is divided into three parts. 2% will be distributed by MV to all holders in order to grow the value and ownership. 2% will be added to the liquidity pool on Pancake Swap to guarantee the sustainable development of MV. Finally, the remaining 2% will be burned.

BSC allows for the marketplace to offer cheap and near-instantaneous transactions. This is important as NFT fees have been deemed a big hurdle in the quest toward mainstream adoption.

Digital comics coming to crypto

As the world of crypto continues to grow, so does the interest from new genres of pop culture. One of those subsets to emerge recently is that of comics and comic book collectibles. With the wide variety of comic books and endless characters, the choices for artists are nearly endless. Add to the fact that many of the actual artists from Marvel and DC are getting into the NFT space and things really start to look exciting for fans.

Despite the worldwide attention comics and NFTs are getting, not all of it is positive. While the fan base is pleased with former Marvel or DC artists putting out new work of their famous subjects, the companies themselves are none too pleased. In fact, both Marvel and DC have gone to great lengths to crack down on artists using their characters to profit off of.

The best example of this would have to be Jose Delbo, an 87-year-old artist who previously drew for Wonder Woman and Transformers. Delbo created an NFT collection that mostly featured Wonder Woman art and sold it for nearly $2 million.

The artwork was billed as a limited edition, signed digital creation, and the sale gave the winner non-commercial rights to the piece. While Marvel and DC both agree that comic book artists have been allowed to profit from pencil and ink art as a professional courtesy in the past, selling digital art for millions of dollars may be crossing a line.

DC Comics’ senior VP of legal affairs Jay Kogan clarified “the offering for sale of any digital images featuring DC’s intellectual property with or without NFTs, whether rendered for DC’s publications or rendered outside the scope of one’s contractual engagement with DC, is not permitted.”