Maxim, a men’s lifestyle magazine, is developing an NFT marketplace, MaximNFT.com, with the assistance of blockchain research and development lab xSigma Corporation, a subsidiary of Nasdaq-listed ZK International.
Maxim Enters the Nonlinear Fourier Transform Space
The relationship was announced in a news statement issued by ZK International, xSigma’s parent business. The xSigma team will own and administer the MaximNFT marketplace, which Maxim will advertise and attract consumers through its brand and large audience. Maxim is a leading men’s magazine with a 25-year history, reaching over 10 million men each month in 75 countries. Numerous celebrities have graced their covers, including Megan Fox, Shakira, and Beyonce.
Users will be able to quickly buy, sell, and construct their own NFTs via the MaximNFT platform. NFTs – abbreviation for “non-fungible-tokens” – are one-of-a-kind digital assets whose formal ownership is verified by blockchain technology. MaximNFT supports NFTs on a number of different blockchains, including Ethereum, Polkadot, and the Binance-Smart Chain.
Notably, the platform apparently contains a new function for trading NFTs called “NFT tokenization.” Users can utilise this functionality to deconstruct a single NFT into several components and trade them individually. This might fundamentally disrupt the long-held belief that all NFTs are entirely unique digital assets, transforming them into a form of digital currency on Maxim’s marketplace.
xSigma is in the business of producing such technologies as a blockchain research and development lab. They provide a range of products and applications for Defi, stablecoins, and NFTs, backed by a team of former engineers from Amazon, Facebook, Google, and Ripple.
MaximNFT will also house Maxim’s own NFT suite, as well as digital assets based on popular companies, athletes, and celebrities. The suite’s specifics have not yet been announced.
NFT Growth Explodes in 2021
This year, the NFT space has experienced a meteoric rise in popularity, with much of it concentrated in the last two months alone. Dappradar data indicates that transaction volume will exceed $1.5 billion in the first quarter of 2021. Indeed, last month alone, $896 million in NFT sales volume was recorded.
Maxim’s establishment of an NFT marketplace is undoubtedly motivated by the industry’s rapid expansion. Their platform will focus on offering sports, celebrity, and gaming-themed items to the community — particularly gaming, which they anticipate will become deeply integrated in the future with NFT technology.
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