SyFu, a Web3 project leveraging payment data, officially launched its official NFT marketplace, "SyFu Marketplace," on the 6th. The marketplace specializes in SyFu's digital assets, which have already achieved cumulative trading volume of $8.7 million (approximately 136 million JPY), offering an innovative user experience with zero gas fees and no wallet connection required. The goal is to move beyond reliance on external platforms and accelerate economic activity within the ecosystem.
Strategic rollout incorporating existing demands
The establishment of SyFu Marketplace is grounded in the strong existing demand already established on external marketplaces. SyFu's digital assets have been actively traded on external platforms such as Element. The MANEKINEKO NFT has recorded total trading volume of 369 BNB (approximately $330,000), while MANEKINEKO Genesis has achieved combined trading volume of 279 BNB and 90.65 ETH, totaling approximately $540,000.
With a cumulative liquidity of $870,000 as a foundation, the company has built a mechanism to reduce fees previously paid to external platforms and redirect revenue back into the ecosystem. By operating its own marketplace, the company aims to secure a stable revenue base through royalty fees, using the generated funds to expand the ecosystem and advance feature development.
SyFu Marketplace employs its proprietary 'SyFu Spending Wallet' technology. This mechanism completely eliminates gas fees in NFT transactions, enabling users to experience seamless, real-time buying and selling. There's no longer a need for the complex wallet connection processes typically required by traditional Web3 services—users can trade simply by logging in with their SyFu app account.
In terms of security, SyFu adopts a non-custodial mechanism where users retain full control over their cryptocurrency assets, such as BNB, used for payments. This approach achieves both the convenience of Web2 services and the asset ownership and transparency of Web3. Transaction history on the marketplace will be evaluated as 'ecosystem contribution,' and future incentives such as allocation of ecosystem tokens (SFT) will be based on this metric.
Laying the foundation for ecosystem expansion
The launch of this marketplace is positioned as a key milestone in the ongoing Pre-Mainnet beta phase. The company plans to gradually open the new user access quota, 'Next Gate,' which has previously been restricted to existing NFT holders. Additionally, with the completion of ecosystem infrastructure, preparations for the TGE (Token Generation Event) of the utility token EVT and migration to Mainnet are progressing.
SyFu is a DePIN (Decentralized Physical Infrastructure Network) project that converts personal economic activities, such as payment data, into digital assets. Users can link their credit card payment data to the app and earn tokens by nurturing their digital character, 'MANEKINEKO.' With a partnership with Salt Edge, the project has completed preparations to extend support to over 5,000 bank cards across 50 countries, and by adopting the BNB Chain, it aims to expand into global markets.
