What is X?
X is a multi-chain decentralized NFT marketplace that empowers its community by offering voting rights to users who have staked their X tokens for the veX governance token. At the heart of X is a commitment to self-expression, creative cooperation, and civic responsibility. X is a community that celebrates radical self-expression and inclusiveness, and invites everyone to participate in making the world a better place.
What sets X apart from other NFT marketplaces is its focus on decentralization, cross-chain compatibility, and community ownership. X operates on a decentralized network that can't be shut down and provides users with the freedom to transact on their preferred chain. X is also a DAO and will be owned by the community through X tokens, which are earned during the bootstrapping period. Users can stake X for up to 4 years to obtain VeX governance tokens, allowing them to submit proposals and vote on the direction of X.
X solves four problems that emerge in the NFT ecosystem: platform centralization, participation ring fencing, NFT compatibility, and ownership. In today's marketplaces, artists and users are often not stakeholders and are limited by the platform's compatibility and performance expectations. X offers a solution to these problems by providing a truly decentralized NFT marketplace that is owned by the NFT community. This means that decisions are made by the community and not the marketplace, and artists and collectors have a say in the direction, growth, and future of the marketplace.
In conclusion, X is a community that celebrates radical self-expression and inclusiveness, and offers a decentralized NFT marketplace that empowers its community. X sets itself apart from other NFT marketplaces by providing users with the freedom to transact on their preferred chain, being owned by the community, and solving problems related to platform centralization, participation ring fencing, NFT compatibility, and ownership. X is a home for the weird, the strange, and the brilliant, and invites everyone to participate in making the world a better place.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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