Jungle launches NFT Marketplace that Ensures the Authenticity of NFT’s
Dubai, UAE – 
(NewMediaWire) – July 28, 2022 – Jungle, a community-driven and peer-to-peer non-fungible token (NFT)
marketplace has announced the introduction of a reverse image recognition
software that ensures the authenticity of all NFTs within its marketplace. The
software identifies copymints and any NFT project that is a replica of an
already existing project. The combination of the KYC protocol and the reverse
image recognition software has made Jungle NFT marketplace arguably the safest
in the industry. They are also incorporating a trade-to-earn feature for their
teeming community. A Chainalysis report revealed that NFT collectors spent more
than $37 billion buying NFTs within the first half of 2022. Jungle NFT
marketplace seeks to enable these collectors to also earn rewards when they buy
NFTs.
The marketplace is
designed to be generally accessible to all, irrespective of whether the person
is a novice or a seasoned NFT collector. The NFT industry has been on the rise,
with projects like CryptoPunks and Bored Apes selling for billions of dollars,
and the Jungle’s team is working to ensure buyers
enjoy a cashback system for every NFT purchased on the platform.
Details
about the ‘Trade-to-Earn‘ Feature
The JungleNFT ‘trade-to-earn’
feature
allows the users to earn a percentage of the amount they paid to buy an NFT. It
means that users get paid to trade on the platform. This is a revolutionary
approach to further incentivize NFT buyers and collectors, thereby driving the
NFT revolution. With the ‘trade-to-earn’ feature,
buyers will get rewarded with 0.5% for every NFT they purchased on the
JungleNFT marketplace. For example, in June 2022, the floor price of Bored Ape
fell to $91,741. If a buyer purchases the NFT on the Jungle NFT marketplace,
the buyer will earn over $458 as cashback for buying the NFT. Aside from
celebrating NFT buyers by rewarding them, the JungleNFT team also ensures that
the marketplace is completely free of copymints.
About
Jungle NFT Marketplace
Jungle NFT Marketplace
is a peer-to-peer and innovative NFT marketplace that is designed to provide
authentic NFTs and reward buyers whenever they make a purchase. According to
the founding team, they aim to become the safest NFT trading marketplace in the
industry. To prevent copymints, the team has deployed KYC and the use of
reverse image recognition software. With the software, the Jungle NFT
marketplace will flag any new project that is an identical pixel-by-pixel
replica of an already existing NFT – referred to as a copymint. It will also
flag flips, rotations, filters, and other permutations to ensure Jungle
marketplace is the safest in the industry.
As a way to support
the current NFT revolution, Jungle is built to be easily accessible to all,
including those new to the NFT space. The platform has a quick and easy payment
process with multiple crypto wallets.
Social Links
Facebook:
https://www.facebook.com/junglenft/
Twitter: https://twitter.com/Junglenftmarket
Telegram:
https://t.me/junglenft
LinkedIn:
https://www.linkedin.com/company/junglenft
Instagram:
https://www.instagram.com/junglenftmarket/
Discord:
https://discord.gg/tQzEMNhMfV
Media Contact
Brand: Jungle
Contact: Kamron
Yazdani, Director of Marketing
Email:
Kamron@jungle.co
Website: https://jungle.co/
SOURCE: Jungle
