Sequence has partnered with Transak to simplify NFT purchases, introducing Transak’s NFT Checkout to Sequence Marketplace Solutions. This collaboration allows users to buy multiple NFTs using fiat currencies in a single transaction, removing the need for cryptocurrency.
Previously, Sequence integrated Transak’s crypto on/off-ramp into its Sequence Kit, benefiting any dApp built with the kit. This new partnership further streamlines digital asset accessibility, aiming to make web3 games accessible to a mainstream audience.
Source: SequenceFacilitating Broader Adoption of Web3 Games
This partnership aims to democratize NFT transactions by providing familiar payment methods like credit cards and bank transfers. The move is expected to address significant hurdles in web3 gaming, particularly simplifying NFT acquisition. According to Taylan Pince, Chief Technology Officer of Sequence, “Web3 games desperately need to streamline the NFT acquisition process if they want to reach a mainstream audience. With Transak NFT Checkout, we’re eliminating the friction and complexity, making NFTs accessible to everyone. This is a game-changer for the web3 gaming industry.”
One key feature of this integration is enabling users to purchase multiple NFTs in a single transaction, akin to a traditional online shopping experience. Previously, buyers had to conduct individual transactions for each NFT, incurring additional costs and complexity. Now, buyers can add several NFTs to a cart and complete the purchase in one go, reducing transaction fees and making the process more efficient.
Yeshu Agarwal, Co-Founder and CTO of Transak, expressed enthusiasm about the integration, saying, “We’re thrilled to empower Sequence Marketplace users with the ability to seamlessly acquire multiple NFTs using their preferred currency, all in a single transaction. This is an underrated functionality that would benefit users more than they might realize, and we’re happy to be the first to bring this innovation to market.”
Source: SequenceEnhancing Security and Compliance
Beyond simplifying the purchase process, Transak NFT Checkout incorporates multi-level Know Your Customer (KYC) protocols to ensure regulatory compliance and mitigate fraud risks. For eligible users, a “light KYC” option is available, allowing fast onboarding with just basic details like name and email address. This lowers barriers to entry, encouraging more people to explore NFTs.
Additionally, users can make purchases starting at as low as $0.01, expanding accessibility and allowing more people to participate in the NFT marketplace.
Click Here For More Trading tips and strategies.
Discover more from Make Money Online and Work From Anywhere
Subscribe to get the latest posts sent to your email.
