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HoDooi, Game-Changing NFT Marketplace, Is Already Live

UTC by Steve Muchoki · 3 min read
HoDooi, Game-Changing NFT Marketplace, Is Already Live
Photo: Hodooi / Facebook

Fueled by the HOD token, HoDooi.com aims at being “the new eBay of NFTs”, where people can create, buy, sell, and re-sell unique and legit NFT’s.

HoDooi, a multi-chain NFT marketplace launched on Monday, is planning an exclusive release of the first five NFT selections dubbed “Tyson Fury’s Official NFT’s” on July 12, 2021. These are NFTs from the two-time heavyweight boxing champion Mike Tyson, nicknamed the “Gypsy King”.

Fueled by the HOD token, HoDooi.com aims at being “the new eBay of NFTs”, where people can create, buy, sell, and re-sell unique and legit NFT’s.

For creators, the platform offers a zero-fee policy on auction listing during content upload. Additionally, they can preview listings with a wide range of upload formats from audio, video, 2D, 3D, among others.

For buyers and sellers, the platform is user-friendly and all enlisted products are verified for transparency purposes. Buyers get to decide which account to purchase NFTs from based on the seller’s status and reviews. All user offers have no hidden costs and trading on the platform occurs via automated smart contracts.

HoDooi’s Membership Program allows creators to upload multiple NFTs in addition to offering discounts of up to 100% on buyer and seller fees. Additionally, those staking the HOD token stand a chance to be rewarded at every tier of the program. The platform’s interoperability means users can easily move across multiple blockchains, making it the pioneer of multi-chain NFT marketplaces.

HoDooi NFT Marketplace

Initially, HoDooi’s forms of payment will be its native token $HOD and Binance’s $BNB. Later on, the NFT marketplace intends to expand to other forms of payment and smart-contract-enabled blockchains like Ethereum. It also plans to implement several incentive programs where users will be awarded HOD tokens.

Notably, HoDooi has raised $4.3 million to advance its goals through strategic partnerships with Mentha Partners and DuckDAO among others. The latest investment is from Crypto.com Capital which gave an undisclosed amount to accelerate the growth of HoDooi. Collaborations with high-profile NFTs from celebrities such as actors and sports stars are also expected to thrive on the platform.

The roadmap for HoDooi also includes developing additional sales channels in Q3, from eBooks, tickets, coupons, games, and other collectibles. All plans aim at taking advantage of the NFT market, which has experienced immense growth having moved from below $50 million in 2019 to $25billion this year.

One of its start-up rivals is NFT Genius, a music-focused NFT marketplace that recently received $4 million backings from billionaire investor Mark Cuban. Other brands taking on the NFT marketplace include Louis Vuitton, Samsung, and CNN News.

At writing time, HOD token price was $0.0959, a 34.14% hike, with a high of $0.1253 and a low of $0.06757, according to CoinMarketCap.

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Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies. Mythology is my mystery! "You cannot enslave a mind that knows itself. That values itself. That understands itself."

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