ALGOxNFT is the largest smart-contract based NFT marketplace on Algorand. Our focus is on providing a large amount of features, while decentralizing as much of the process as possible. We believe the more freedom users have, the more successful the ecosystem will be.
Last Rewards Period
The last rewards period (Q11) ALGOxNFT was allocated ~177,987 ALGO worth of rewards to distribute. While the period is not over yet (it ends May 12), the total participating volume stands at approximately 608,753 ALGO. The amount of activity as part of the program represented a considerable multiplier of the allocated rewards amount, and covered various new collections to the Algorand ecosystem.
Rationale
While the previous period (Q11) had significant activity, parts of its mechanics likely discouraged participation due to the winner-take-all approach. Since the prize went strictly to the most sales/purchases, there was no incentive to participate if there was no viable path to the top spot.