⭕Why Use Cycle to Launch?
[Benefits]
Creators might choose to use Cycle as a platform to launch their NFT projects for several reasons:
Sustainability and Economic Viability: Cycle focuses on offering creators a stable and ongoing revenue stream. Cycle makes it economically viable for creators to launch and manage their NFT projects. This sustainability factor might attract creators looking for long-term income from their digital creations.
Access to Infrastructure and Technical Support: Not all artists have the technical expertise or resources to navigate the complexities of launching NFTs. Cycle provides an infrastructure for exposure and transaction handling, making it easier for artists—especially those lacking technical know-how—to participate in the NFT space. This accessibility could appeal to artists seeking a user-friendly platform to showcase their work.
Trust and Transparency: The mechanism whereby funds raised from NFT sales are locked in a smart contract (from both the platform and creator) ensures transparency and trust for all parties. This may attract creators concerned about the transparency and security of their funds during the NFT launch process.
Liquidity and Flexibility for NFT Owners: Cycle's feature allowing users to redeem all or a portion of their mint funds offers liquidity and flexibility to NFT owners, addressing one of the common criticisms of the NFT market. Creators might find this feature beneficial as it potentially attracts more buyers and provides additional utility for their NFTs.
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