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1. What is Blaze?
Blaze is an NFT launchpad platform constructed within the Blast ecosystem, enabling users to create and trade NFTs on the platform.
2. Operating Mechanism
Blaze operates through two primary methods of minting NFTs:
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Refundable: This method allows NFT holders to exchange their NFTs for the price they originally paid after a set period, typically around 30 days. Users also have the option to forfeit this exchange option at any time. The funds generated from the NFT issuance are securely held in an escrow account, enabling the NFT creator to earn profits from these funds. Once the specified lock-up period ends, users can proceed to exchange their NFTs for their original purchase price.
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Traditional: In contrast, the traditional method of NFT issuance lacks the refund feature described above.
Should NFT holders choose to opt for the exchange option, their NFTs will be listed for sale on the Blur platform at their original purchase price. The selling price of the NFT will gradually decrease by 10% each day until a buyer completes the purchase.
3. Project Team
Updateing
4. Investors and Partnerships
Blaze is currently backed by partners like Bloom, ZAP, and Blast.
5. Tokenomics
Updating
6. Roadmap
Blaze is currently undergoing testing and is anticipated to launch soon, enabling users to create their own collections. Stay informed with Theblock101 for the latest project updates.
7. Project infomation
Website: https://www.blaze.ong/
Twitter: https://twitter.com/blaze0ng
Discord: https://discord.gg/blaze0ng
8. Conclusion
Blaze stands out as a victorious contender in the preceding Blast Big Bang competition. Presently, details regarding the project are somewhat scarce. Theblock101 endeavors to furnish you with a comprehensive overview of Blaze through this article, aiming to provide you with a clearer perspective on this endeavor.
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