Canadian crypto asset trading platform CoinSmart, has announced its investment in non-fungible token (NFT) cross-bridge marketplace, Curate. This investment represents CoinSmart’s interest in making investing in the digital asset sector more accessible to the regular investor.
The partnership agreement includes an undisclosed investment from CoinSmart in Curate’s NFT marketplace, with an option to acquire a majority stake in the company later this year. CoinSmart expects to complete the first tranche of this investment around 30 April 2022.
The partnership will see CoinSmart take an active equity stake in Curate’s NFT marketplace, with the two companies working collaboratively on future projects to bring further adoption to the digital asset ecosystem.
Curate is a blockchain agnostic, gasless, NFT marketplace that serves as a multichain bridge between major chains such as ethereum (ETH), solana (SOL), binance smart chain (BNB), algorand (ALGO), elrond (EGLD), and avalanche (AVAX), and has amassed over 100,000 active users in the last six months.
Curate’s native marketplace allows buyers and sellers to exchange physical and digital goods such as NFTs, gaming, electronics, GIFs and more. The platform accepts payments through traditional options like credit and debit cards, as well as cryptocurrencies, while providing a reward to creators and buyers in the form of Curate’s native token, $XCUR.
CoinSmart CEO Justin Hatzman says: “I am thrilled to be able to formally announce CoinSmart’s partnership with Curate. The digital asset industry continues to rapidly expand, and CoinSmart is excited to diversify our operations to take advantage of the incredible opportunity offered by the rapid adoption of NFTs.
“Curate is one of the NFT ecosystem’s most advanced marketplaces with an incredibly talented team and an exciting roadmap. We are greatly looking forward to our partnership with Curate, as the industry continues to evolve and mature in the coming years.”
Curate founder and CEO, James Hakim adds: “This is an exciting time for Curate as we welcome our new partners and investors, CoinSmart, to help accelerate our growth and adoption globally.
“Curate and Coinsmart both share the same vision of 'making crypto accessible' and we believe the team behind CoinSmart perfectly align with our vision on where Curate is heading. The best is yet to come!”
