Gas fees, carbon footprints, and protecting the overall environment have been some of the top concerns when it comes to cryptocurrencies and blockchain platforms. Whether it’s a decentralized or centralized application, the issue still remains the same—a carbon footprint is left with transactions involving crypto. While some platforms are using more eco-friendly tokens, the top marketplaces and exchanges still use Bitcoin and Ethereum technology. They're known for having excessive gas fees and carbon emissions.
There have been applications based on alternative blockchain technology like Solana, where the carbon footprint is very minimal. Solana-based blockchains and other blockchains like Polkadot have shown that they could be a great replacement to the many NFT marketplaces and crypto exchanges that are based on an Ethereum blockchain. What about a completely gasless marketplace? The Curate marketplace has a gasless platform for content creators and users alike.
What is Curate?
Launched in June 2021, Curate is the world’s first gasless marketplace for NFTs and physical goods. It's also reportedly the first NFT marketplace approved on the App Store. Along with NFTs, the marketplace sells apparel, games, and other items. The application is geared towards people in the tech, gaming, and fashion industries. You can mint, buy, and sell NFTs and there's only a 4 percent transaction fee. Users are rewarded for transactions in Curate’s native token XCUR.
Curate claims that its transaction fee is lower than most competitors including Rarible and Foundation, which have a 5 percent fee and a 15 percent fee. OpenSea will be a tough competitor for Curate since its transaction fees are lower at 2.5 percent. OpenSea has an app for its marketplace as well. However, OpenSea’s marketplace app only allows you to browse NFTs right now and not purchase them.
Curate hopes to add more features to the marketplace in the near future. The features include an affiliate referral program, a desktop web application, Binance pay integration, more product offerings, gaming partnerships, and a Curate Pro platform where there would likely be some type of paid subscription for additional features. Curate also aims to have an XCUR debit/prepaid card, similar to Crypto.com’s Visa card, where you earn crypto rewards on purchases with the card.
What is the Curate ($XCUR) token?
XCUR is the native token to Curate, where users can earn XCUR rewards. The token can be used to purchase items and fund your account, but the card also has an Ethereum payment option. Curate has various partnerships where you can earn the token when completing transactions on certain websites. The crypto is currently priced around $2.35 and it has decreased by over 575 percent since April.
Who has Curate partnered with?
In April, Curate announced that it has a partnership with Travala, which is a blockchain-based online travel agency. Travala has a partnership with Expedia and it helps Expedia adopt crypto-related services. So, users can book trips and pay for hotels on Expedia by using the XCUR token. Curate users can earn XCUR rewards after accomplishing certain goals set by Curate. Wallet Investor expects the token to be over $9 within a year.