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Exclusive: Web3 Development-Focused Core Foundation Launches New NFT Marketplace

The Core Foundation, dedicated to establishing a secure and decentralized environment for decentralized applications (dApps), has unveiled plans to inaugurate a non-fungible token (NFT) marketplace.

This announcement was made on Monday, alongside the revelation of an NFT collection drop for the community, dubbed “Core Journey.” According to Core contributor Rich Rines, this NFT collection aims to enhance the utility of the Core chain.

The Core blockchain harnesses the benefits of Bitcoin while also boasting compatibility with the Ethereum Virtual Machine (EVM), allowing it to execute Ethereum smart contracts and dApps.

This announcement follows closely on the heels of the foundation’s recent launch of a $5 million innovation fund aimed at fostering India’s Web3 communities. Additionally, last month, the project initiated a $5 million Africa Ecosystem Fund to support local Web3 developers with essential resources.

Core Foundation’s NFT Marketplace – Wizard Gallery

Core’s NFT marketplace, Wizard Gallery, is designed to offer users seamless NFT minting and trading experiences, operating on the Core Chain. According to the website, the marketplace proudly hosts over 20,000 NFTs crafted by more than 50 talented artists.

The release shared by the company with Cryptonews confirms that the Core Journey NFT collection is now available on the newly launched marketplace. With the rise of Bitcoin finance (BTCfi), the Core community has orchestrated an engaging campaign to commemorate its journey through this remarkable collection.

In addition to this exciting launch, Core is introducing an incentive program called Core Ignition, aimed at rewarding builders. This initiative will acknowledge developers for their valuable contributions to the network’s expansion and development.

Core Ignition empowers users by providing them with opportunities to participate and earn rewards while simultaneously nurturing the growth and adoption of Core.

Rich Rines remarked, “Since its mainnet launch in 2023, the Core network has experienced tremendous growth. It has emerged as the most Bitcoin-aligned EVM chain, serving as the preferred platform for building BTCfi projects and facilitating the scaling of Bitcoin. This growth has been propelled by a vibrant community, resulting in millions of Core adopters, over 15 million unique addresses, and 230 million transactions.”

In a recent development, Core published a paper titled ‘Unlocking Bitcoin DeFi’ and initiated the Core Starter Program, which is supported by over $300,000 in incentives.

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Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

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