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Maker
📌
Hi everyone,
I am the creator of Collectoor. I'm a software engineer who has been working with Ethereum and Bitcoin for the past two years. I'm also an active contributor to Ordinals, the open-source protocol that enables NFTs on Bitcoin. Now, I'm embarking on my journey to build and launch my first product, so I’m totally open to feedback! 😁
💎 Collectoor
Collectoor is an NFT marketplace where users can not only sell their NFTs but also trade them for other NFTs. Traders and collectors have always traded NFTs this way, relying on peer-to-peer trust. Now, with Collectoor, they have a dedicated platform for it.
✍️ Usage Example
I have an NFT that others might like, and I'm open to trading it for their NFT plus an additional amount of ETH. On Collectoor, I can easily create such an order, and anyone who wants my NFT and has the NFT I want can fulfill this order.
💰 Business Model
We charge 0.001 ETH for every trade executed on our platform (around $3 at the current ETH price). This model is familiar to the market and is often cheaper than the transaction fee. For example, my first NFT purchase in 2021 had a $100 transaction fee, while the NFT itself cost $500.
🚀 Growth Strategy
We offer NFT creators a royalty of up to 0.001 ETH per trade on their works on our platform. This is meant to attract creators to bring their communities of NFT holders to use our platform.
⚠️ Challenges
Gaining user trust. This market has seen a large number of malicious agents, which has drastically reduced the chances of a person interacting with a new product on first contact. To address this, we use a well-known smart contract protocol, Seaport, created and used by one of the largest NFT marketplaces, OpenSea.
📊 Market
The Ethereum NFT sales volume is down 51% this year and 55% from the past 12 months. The total volume last year was $9.4 billion with 12 million NFT sales, and it is $3.6 billion this year with 2 million NFT sales. The main reasons for this drop are the increasing volume of Ordinals being traded on Bitcoin and the adoption of more efficient chains for NFTs, like the Base chain, an Ethereum layer 2.
At Collectoor, we will always follow market trends. We have included the Base chain and plan to launch on Bitcoin to offer swap features for Ordinals as well.
⚔️ Competitors
Similar products exist in the market but have intrinsic limitations: they are not easy to use (complicated liquidity pools) and users cannot create rules based on NFT attributes for their orders.
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Hey @felipelincoln, this sounds super exciting! Love the idea of trait-based listings – it’s gonna make trading so much easier for everyone. Your approach to user trust is spot on, especially with the smart contracts backing it up.
I'm curious how you'll handle customer support if users run into issues. Maybe a community forum could help build trust too? Can’t wait to see how Collectoor evolves! Keep us updated!
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Maker
@blankwebdev Thank you for your comment!
Our users are usually very active on Discord, so I have created a server for them to get support 🙂
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Maker
I'll be sending an NFT on Base to those interested in interacting with the platform. The platform's fees are currently disabled. Just leave your Base chain address here 👇
