The Core Foundation, dedicated to establishing a secure and decentralized environment for decentralized applications (dApps), is set to unveil a new non-fungible token (NFT) marketplace.
This announcement, made on Monday, coincides with the foundation’s plans to initiate an NFT collection drop named “Core Journey” for the community. According to Rich Rines, a Core contributor, the NFT collection aims to enhance the utility of the Core chain.
Leveraging the benefits of Bitcoin, the Core blockchain is also compatible with the Ethereum Virtual Machine (EVM), enabling it to execute Ethereum smart contracts and dApps.
This news follows closely on the heels of the foundation’s launch of a $5 million innovation fund geared towards fostering India’s Web3 communities. Moreover, last month, the project introduced a $5 million Africa Ecosystem Fund aimed at providing resources to support local Web3 developers.
Introducing Wizard Gallery: The NFT Marketplace by Core Foundation
The Wizard Gallery, Core’s NFT marketplace, endeavors to offer users effortless NFT minting and trading capabilities, functioning on the Core Chain. As per the website, the marketplace proudly showcases over 20,000 NFTs crafted by a collective of over 50 artists.
In an announcement shared with Cryptonews, the company disclosed the launch of the Core Journey NFT collection on their latest marketplace. As the popularity of Bitcoin finance (BTCfi) surges, the Core community has orchestrated an engaging campaign to commemorate its journey through this remarkable collection.
Additionally, Core is introducing an incentive initiative designed to recognize and reward builders. Dubbed Core Ignition, this program aims to acknowledge developers for their contributions to the expansion of the network.
Core Ignition offers users opportunities to participate and earn rewards while also fostering the growth and adoption of Core.
Rich Rines commented on the remarkable growth of the Core network since its mainnet launch in 2023. He highlighted its evolution into the most Bitcoin-aligned EVM chain and the preferred platform for building BTCfi and scaling Bitcoin, supported by a large and vibrant community. This growth has translated into millions of Core users, over 15 million unique addresses, and 230 million transactions.
In a recent development, Core published a paper titled ‘Unlocking Bitcoin DeFi’ and introduced the Core Starter Program, which comes with over $300,000 in incentives.
