A July 27 update shows that Revival – the NFT marketplace on the IOST blockchain – is posting enviable metrics 10 days after its launch.
Trading volume explodes to over $1 million
Revival is gaining good traction. It is now trading at over $1 million per week. In addition, more artists are joining the Medici support program.
Five high-value NFT pieces by renowned Chinese street artist Edison Zhang have been auctioned at Revival.
Notably, two of Edison Zhang’s masterpieces, “The Beauty and Pain of the Pangolin” and “Tang San Cai – Akal Teke” sold for 954,968 IOST and 27,795,023 LOL tokens respectively.
It should also be mentioned that the average number of active daily users on Revival has been recorded at 150.
Similarly, the highest LOL Margin Reward APR is 5118% while the IOST reward is 216%.
Medici Support Program Attracts Digital Artists Worldwide
Revival’s Medici support program also remains open to all artists worldwide.
So far, this talent acquisition program for talented digital creators has attracted artists from the United States, Japan, China, Russia, India, and other countries.
Final approval of the team will lead to the accumulation of more artwork, including doodles, paintings and calligraphy.
In the meantime, artists will receive technical and marketing support from the Emogi team from start to finish.
Once they join the program, artists will only need to submit their digital artwork.
After that, the Emogi team will create, sell or auction the artwork to thousands of web users.
Promoting NFT and encouraging digital artists
Launched on July 20, the revived NFT Marketplace is an easy-to-use platform with a simplified user interface, gas-free trading, and ultra-fast settlement of all NFT business.
These attributes are due to IOST – a high throughput, decentralized and activity intensive network – powering the Revival NFT Marketplace.
Revival is on a path to promote NFT adoption, insisting that no artist is too big or too small to showcase their work in a decentralized environment with no middleman.
Celebrating the successful launch of the Revival NFT marketplace
The revival team currently says it is giving away 200 limited edition “Venus” NFTs and 1 million LOL tokens to mark its successful launch.
The campaign, which is split into two events, is ongoing and ends on August 4 at 10am UTC.
In the first event, the Gold Star NFT badge giveaway, the Emogi team will randomly select 200 winners who have traded on at least the Revival Market and award them with a limited edition “Gold Star” NFT badge.
The second campaign will begin on August 4, with the Emogi team taking a snapshot of users’ locked LOL tokens at 9am UTC. The top 10 LOL holders will share the prize pool of 1 million LOL tokens on average.
All prizes will be paid out within a week of the event’s end.