JuggerWORLD v2: The Open BSC NFT Exchange! ✊🚀
We are excited to share the launch of JuggerWORLD v2, our BSC NFT Exchange! This marks an important milestone for Juggernaut, and the big opportunity of becoming the go-to NFT Exchange on Binance Smart Chain.
- Link: jgnnft.com
- Audit: [Here]
The Motivation
There’s a big market gap for NFTs because Ethereum is currently inefficient for certain use cases, and Binance Smart Chain has a vibrant community of NFT followers looking for a place to trade and create BSC NFTs.
That’s what inspired us to create jgnnft.com, an open place for the BSC community to trade NFTs.
For the past month, we have been developing JuggerWORLD v2, improving the technical side and the front side, to create the best experience possible on BSC. With new features, updated UI and a new user experience.
Minting Function
We have developed a system where people can create their own NFTs in a completely decentralized manner.
We are very excited to announce our Minting Function is live! 🚀🔥🦁
That means that our NFT Exchange will be decentralized. People issuing NFTs will have complete control and ownership over their creations.
Create Your Own NFT Collectible or Collection
Anyone will be able to create single (BEP-721) or multiple (BEP-1155) NFTs through our NFT Exchange, and list them in our platform or on others that support visualization of our BSC NFTs.
Audio and video minting will be supported!
File types supported: PNG, JPEG, GIF, WEBP, MP3 and Mp4.
The max file size will be 30mb.
The minting will be done at no cost. Just pay the transaction fee in BNB!
The Vision
We want to create the go-to BSC NFT Exchange, the Rarible of BSC. Complete control, ownership, and rights to buy, sell & create.
Everyone is welcome to use our BSC NFT Exchange.
Open access, freedom of assets, and available for anyone, anywhere.
“I’m personally really excited about this. It means opening NFT creation for anyone, anywhere, for a very small fraction of the cost of other chains (you only need to pay for gas fees).
We have received a lot of traction already, and so far anyone that wanted to list an NFT in our platform had to go through us. Not anymore. Complete decentralized process, and full ownership over assets & creations” — Nacho Llanillo, Co-Founder of Juggernaut.
While developing our new minting functionality, we researched the current BSC NFT space looking for trends and needs, and we discovered that although there are other NFT Marketplaces, they are fragmented, and not as inclusive as we want our NFT Exchange to be.
For example, minting an artwork on Bakery Swap costs 0.03 BNB (around $8 at current prices), and Treasureland does not have a minting function, or store creation feature.
On JuggerWORLD, anyone will be able to mint NFTs for free (only small transaction fees in BEP-20 BNB).
New Features for Content Creators
We have designed a royalty feature:
Royalties are how much you gain for each sale of your artwork on the secondary market. If you set it at 20%, each and every time anyone sells any copies of the artwork, you get 20% of that sale — at each sale price!
We believe this will help content creators reach their full potential. The royalties can range from 0% to 99.99%, at the artist’s choice.
JuggerWORLD v2 will feature four initial stores: DEGO V2, ALICE, BONDLY and JGN. This will help our NFT Exchange consolidate as a BSC NFT Exchange, not about Juggernaut, but about the whole ecosystem.
How To Create Your Own NFTs
Learn how to use JuggerWORLD and connect your wallet: https://medium.com/juggernaut-defi/how-to-use-juggerworld-1db60df94507
Instructions to mint:
1. On top of the page, click on “Create”
2. Click on “Single” or “Multiple” options
- “Multiple” creates an ERC-1155 token, that can allow multiple NFTs to be bunched and transacted together (source).
About Juggernaut
3. Upload the file
Click on “choose file”. You can upload PNG, GIF, WEBP, MP4 or MP3 files, with a max file syze of 30mb.
Decide if you want to put it on sale directly and the currency (BNB or JGN at the start).
At the right you will see a preview of your new collectible:
4. Choose a collection
JGN NFT available at the start. More to come.
5. Add your NFT information
- Name your creation
- Add a description (optional)
- Select the royalties:
Royalties are how much you gain for each sale of your artwork on the secondary market. If you set it at 20%, each and every time anyone sells any copies of the artwork, you get 20% of that sale — at each sale price!
- Select the number of copies (on BEP-1155 NFTs)
- Select the properties of your NFT (optional): size of the NFT. Dimensions of the picture or size of the video/voice.
6. Click on “create now”
7. Follow wallet instructions (in this example Metamask)
8. Put it on sale
If you selected”put on sale”, you can do that directly after minting:
Approve the transaction:
Sign the transaction following wallet instructions:
Your NFT is listed! You can share it on social media 😎
9. Check your NFT under “my collection” section
10. Enjoy the first Open BSC NFT Exchange!
We are building an NFT infrastructure, games, collections, and our Exclusive BSC NFT Exchange. Juggernaut is building a unique ecosystem, full of exciting use cases, merging the possibilities of DeFi with NFTs.
We are opening up the possibilities of the BSC NFT ecosystem.
There are a lot of new collections coming. Some projects have shown interest in starting their NFT journey with Juggernaut (JGN).
With this new minting function, the BSC ecosystem will have a place to create and trade exclusive and innovative NFT assets.
Upcoming JuggerWORLD v3
An auction mechanism for NFTs is coming shortly. There will be bids and auctions in the exchange! A lot of exciting stuff coming about this.
We will release new stores for creators and projects to become a decentralized open NFT Exchange.
JuggerWORLD v3 will have improved UI and UX. The maing homepage will be updated, as well as the overall user experience.
A lot of projects and artists around the world have expressed their interest in launching on our NFT Exchange, so expect to hear a lot of exciting innovations in the NFT space!
We are working on fixing some bugs around Binance Chain wallet and Trust Wallet. If you’d like to report a bug please do so here: [LINK]
The Audit
All of JuggerWORLD smart contracts and minting contracts have been audited by a top tier firm trusted by exchanges such as Binance, Huobi, OKEx, etc.
The audit can be found here: https://github.com/JGNDeFi/JGN-NFT-1155721-audit-report/blob/main/Smart%20contract%20security%20audit%20report-JGNNFT.pdf
We want to share why we think an audit is very important for what we build and what we do.
This audit basically means that all our smart contracts are secure, and the team can’t randomly steal user’s funds or try to put a back door into the platform.
Decentralized technologies stand for free and easier access, security and transparency. Decentralization is about not having to trust a central entity when interacting with different platforms and protocols.
We feel if we don’t audit our technology, first, we can run into a lot of bugs or possible exploits, and second, it’s difficult to trust a decentralized technology that’s not transparent, when there are so many scams and rug pulls in the DeFi and NFT space.
After this audit, users can feel more confident, and we can add more larger partners in the future (most of them won’t work with an un-audited project).
At Juggernaut, we are really excited about this JuggerWORLD V2 Launch, and we will continue to work hard to deliver the best DeFi + NFT experience ever!
Why NFTs
According to TechCrunch, NFTs (non-fungible tokens) — or scarce digital content represented as tokens — are driving a new wave of crypto adoption.
NFTs could revolutionize the creator economy… if they become more than a fad. There are already marketplaces that allow people to buy and sell NFTs, including Nifty Gateway and OpenSea (which just raised $23M in funding). NFT creators can even enable a feature that gets them paid each time their work changes hands. Now, smaller artists are creating NFTs of their work. And people are willing to shell out $$$ to claim ownership and support their fave creators: the NFT market quadrupled to $250M in 2020 and has soared this year. If they stick, NFTs could be a new avenue for creators to monetize their work.
Fulfilling the original idea of Ethereum architects, NFTs address the same pattern that makes people collect paintings and vases. Visual representation of an object with an immutable record of ownership is psychologically appealing to users.
Scarcity and investment attractiveness
Pricing of scarce items is a zero-sum game; people choose the objects they believe will be in demand by other people and thus will grow in price.
NFTs first made headlines in 2017 when Dapper Labs’ game CryptoKitties accounted for 95% of Ethereum network usage at its peak. While someone paying $170,000 for a digital cat seemed like an anomaly, what is happening today blows that headline out of the water.
Platforms like Nifty Gateway, SuperRare, Foundation, and Zora are quickly emerging as the leading players for creatives to monetize work in a digital world. However, with sometimes astronomical transfer fees and times, a massive untapped market has emerged including BSC.
Why BSC
The Binance Smart Chain is built as a dual-chain architecture to facilitate the development of DApps and other digital assets on a blockchain while enabling cross-chain trading. The main aim is to enable decentralized and swift transactions and trading.
Our mission is to make DeFi and NFTs accessible and simple for all. When we were looking for potential ways to expand Juggernaut, we always had accessibility in mind. While we think the ETH network is great, NFTs do not belong only to one chain, they should be accessible for everyone.
BSC offers benefits that several DeFi protocols find appealing such as increased DeFi interoperability through cross-chain mechanisms, cheap transaction fees, and rapid network performance.
Juggernaut (JGN) is a complete custom DeFi suite, governance, and NFT ecosystem with full BSC compatibility.
We are creating the go-to BSC NFT Exchange. Think of the Rarible of BSC. Open access, freedom of assets, and available for anyone, anywhere.
We are building an NFT infrastructure, games, collections, and our Exclusive BSC NFT Exchange. Juggernaut is building a unique ecosystem, full of exciting use cases, merging the possibilities of DeFi with NFTs.
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