Quix NFT Marketplace
Optimism-Based
What is Quix?
Quix is a decentralized marketplace for buying, selling, and trading non-fungible tokens (NFTs). NFTs are unique digital assets that are stored on a blockchain, which makes them verifiable, secure, and one-of-a-kind. Quix is built on top of the Ethereum blockchain and allows users to create, discover, and own digital art, music, videos, and other digital assets.
One of the unique features of Quix is its focus on supporting emerging and established artists. The platform provides artists with a new avenue for monetizing their work by selling it as NFTs directly to collectors and fans. Quix also offers tools for creators to easily mint and manage their NFTs, including a drag-and-drop NFT creator and an NFT collection manager.
Quix is a decentralized platform, which means that transactions occur directly between buyers and sellers without the need for intermediaries. This allows for peer-to-peer transactions that are fast, secure, and transparent. Quix also employs smart contracts, which are self-executing contracts that automatically execute the terms of a transaction once certain conditions are met. This ensures that transactions are completed efficiently and without the need for intermediaries.
Overall, Quix is a platform that enables a new generation of artists to monetize their work and for collectors to own unique digital assets. With its focus on supporting emerging artists, its user-friendly platform, and its use of blockchain technology, Quix is poised to play an important role in the growing world of NFTs.
Optimism-based NFT marketplace Quix
Quix announced would be closed, and the code will be open source. For collectors, It will soon begin redirecting users to trade on OpenSea. For creators, its launchpad will remain available through January 16.
In addition, the entire Quix NFT marketplace needs to be open-sourced. That process is underway with the help of the Optimism Foundation and should be completed soon. NFT collectors will be redirected to OpenSea for trading, whereas creators can continue to use Quix until January 16, 2023.
Quix is the largest NFT platform in the Optimism ecosystem. The platform had a security incident in July, and many user assets were stolen.
These are fascinating times for the NFT industry. While crypto assets remain very volatile, interest in non-fungible tokens remains. Unfortunately, not all marketplaces will succeed, as Quix – built on Optimism – is winding down.
Never Heard Of Quix?
It is good to see a more competitive landscape among NFT marketplaces. Most activity occurs on Ethereum and through OpenSea, but other platforms need to rise. Blur is making a solid effort in recent weeks, although its long-term success remains unclear. Similar solutions must exist on other Layer-1 and Layer-2 solutions. Optimism, one of the popular scaling networks, has Quix.
More specifically, that situation may end, as the team announced they will shut down the company. A remarkable decision, as the project has plenty of community support and notes strong growth. Statistics by DappRadar confirm as much, as the NFT marketplace has solid user growth after an underwhelming start.
Between April and mid-September 2022, the platform remained relatively stagnant. That also impacted its overall volume and transaction count, resulting in few people noticing. However, things began to improve in mid-September, and all metrics have continued to increase since then. Yesterday, the platform interfaced with over 5,750 unique wallet addresses and saw over $52,200 in volume. Those are not stellar statistics, but they are not terrible either.
Moreover, Quix has plenty of activity every month. With over 127,000 UAW and more than $2 million in volume, it does alright for itself. In addition, the marketplace runs on Optimism and Arbitrum, two networks that have generated some solid headlines. However, it seems NFTs have yet to build any sustainable momentum across both networks.